Bitcoin24h $96,793.03+1.36%

Ethereum24h $3,426.65+1.60%

XRP24h $2.23+1.89%

BNB24h $705.46+1.24%

Solana24h $193.50+2.18%

Dogecoin24h $0.3235+1.83%

Cardano24h $0.9086+4.39%

TRON24h $0.2589+2.97%

Avalanche24h $38.80+1.78%

Chainlink24h $23.61+2.90%

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.