Bitcoin24h $77,150.68-1.11%

Ethereum24h $2,383.34-2.77%

BNB24h $686.39-0.09%

XRP24h $1.33-3.40%

Solana24h $99.07-3.08%

TRON24h $0.3240-0.17%

Hyperliquid24h $81.39-2.37%

Zcash24h $812.67-5.16%

Dogecoin24h $0.0814-1.72%

Monero24h $518.41+1.85%

Tether has publicly listed a company that partially controls USDS

Tether quietly invested $134M in failing biopharmaceutical firm NovaBay in March, turning it into a stablecoin holding company.

What the Tether audit means for the crypto industry

Tether has finally received the audit it’s been promising for almost a decade. But will it put all the questions surrounding the firm to bed?

OUSD, which borrows heavily from Hyperliquid’s USDH playbook, is a new stablecoin that a consortium of more than 140 companies will operate.

Two companies have remotely frozen 3.7B stablecoins, exposing the kill switch hiding inside crypto’s most popular asset class.

USDT and USDC are still competing for dominance of the USD stablecoin market, both showing a willingness to get close to Trump.