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Moody’s reports 600 stablecoin depegs in 2023

Moody’s research shows that the stablecoin industry is struggling almost as much as it did in 2022, with hundreds of depegs this year.

Tether says it makes money but can’t ditch loans

Tether has made a huge amount of money from interest recently but it just can’t seem to ditch the allure of secured loans.

USDT that customers once held on Huobi is now daisy-chained into JustLend, a ‘decentralized’ lending protocol dominated by Sun.

Circle and Tether executives have engaged in a series of increasingly public spats as the firms vie for control of the stablecoin market.