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TrueUSD changes accounting firms… and then de-pegs

TrueUSD has de-pegged across both centralized exchanges and DeFi after switching accounting firms for attestations.

US-based stablecoins suffered in 2023 as key players battle it out

At the end of 2023, algorithmic stablecoins are out, US-based stablecoins are shrinking, and international ones like Tether are exploding.

A few weeks after US Secret Service and FBI agents began surveilling USDT wallets, Tether announced “voluntary” sanctions compliance.

Nepalese smugglers reportedly moved 33kg of gold from China in flour sacks packed by children before selling it for $16 million USDT.

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