Bitcoin24h $88,131.94-0.18%

Ethereum24h $2,977.62-0.18%

BNB24h $849.00-0.62%

XRP24h $1.92+0.24%

Solana24h $124.90-1.11%

TRON24h $0.2840+1.79%

Dogecoin24h $0.1313-0.28%

Cardano24h $0.3670-2.20%

Bitcoin Cash24h $588.25-1.00%

Chainlink24h $12.50-1.13%

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.