Bitcoin24h $78,783.05+1.44%

Ethereum24h $2,344.75+1.55%

BNB24h $771.81+0.78%

XRP24h $1.61+0.19%

Solana24h $103.83+1.34%

TRON24h $0.2829-0.54%

Dogecoin24h $0.1076+1.84%

Cardano24h $0.2986+2.29%

Bitcoin Cash24h $533.61+2.16%

Hyperliquid24h $34.17+10.39%

Here’s why decentralized finance is actually very centralized

Most DeFi protocols are controlled by a small number of smart contracts whose keys are held by one person or a tiny group of insiders.

Tether bought commercial paper from subsidiary of alleged terrorist-linked bank

Tether apparently bought nearly $50M worth of commercial paper from a subsidiary of Masraf Al Rayan, a bank fined $4M by the FCA.

Documents obtained by CoinDesk and Bloomberg shed additional light on Tether reserves, showing the issuers of its commercial paper.

With BUSD’s market cap at $4.5 billion, it looks to be just a matter of time before the former top-three stablecoin vanishes completely.

Justin Sun-linked stablecoins, including TUSD, have been struggling amid rumors that Prime Trust had paused minting and redemptions.