Bitcoin24h $84,249.65+0.21%

Ethereum24h $2,688.19-0.12%

BNB24h $772.88-0.48%

XRP24h $1.52-3.06%

Solana24h $121.15-0.92%

TRON24h $0.3341-1.16%

Zcash24h $1,657.07+6.78%

Hyperliquid24h $91.87-0.93%

Dogecoin24h $0.0964-3.11%

Chainlink24h $14.07+1.42%

Tether became a political powerhouse in 2024

Tether has increasingly had to find political allies to continue growing and Howard Lutnick of Cantor Fitzgerald has been happy to oblige.

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.

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.