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TUSD up to 99.7% backed by speculative assets despite SEC settlement

Dollar-pegged stablecoin TUSD may still be up to 99.7% backed by speculative assets, despite an SEC settlement that alleged this behavior.

Tether blacklist saved shareholders defrauded by bank CEO

In a move likely linked to its cooperation with the FBI, Tether blacklisted an address after Heartland Bank’s CEO stole millions of dollars.

The Bitcoin Policy Institute published a report endorsing a strategic reserve of bitcoin akin to US strategic reserves of gold or petroleum.

Despite Tether’s previous promises that it would stop extending secured loans, the program has quietly continued.

The spectacular failure of Terra has caused money to flee from algorithmic stablecoins and has seen many abandon their plans.