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Justin Sun’s stablecoins are struggling… again

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

Tether invests in energy production in Uruguay to mine bitcoin

Tether is following in the footsteps of Bitfinex operator iFinex, which has previously invested in bitcoin mining efforts led by Blockstream.

Tether, Circle, and Paxos have all hired firms to lobby on their behalf in Washington DC but Coinbase still spends millions more.

At a House hearing, a draft of a new stablecoin bill was discussed along with the appropriate regulatory framework for stablecoins.

Tether is no longer required to submit attestations but does this mean that all transparency around the leading stablecoin will be lost?