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Tether froze $225M but $70M slipped the net

Tether has frozen approximately $225 million in USDT tied to ‘pig-butchering’ scams, days after millions were removed.

Tether sent $1B to UK firm owned by prominent Conservative donor

Through Britannia Financial, financier Julio Herrera Velutini has donated $625,000 to the Tories since Boris Johnson became prime minister.

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 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.