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.
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Here’s what new Tether documents reveal about its reserves
Documents obtained by CoinDesk and Bloomberg shed additional light on Tether reserves, showing the issuers of its commercial paper.
80% of all BUSD ever created has been burned — how long can it last?
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.
— Crypto, Justin Sun
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.
Here’s what the biggest stablecoins spent on lobbying in the US
Tether, Circle, and Paxos have all hired firms to lobby on their behalf in Washington DC but Coinbase still spends millions more.
Another stablecoin bill dies unceremoniously at hearing
At a House hearing, a draft of a new stablecoin bill was discussed along with the appropriate regulatory framework for stablecoins.
Tether no longer has to submit attestations. Will anybody miss them?
Tether is no longer required to submit attestations but does this mean that all transparency around the leading stablecoin will be lost?
Coinbase pitches “inflation-proof” flatcoins against struggling USDC
Despite years of cheerleading for USDC alone, Coinbase wants to diversify into flatcoins and other stablecoins on its Ethereum Layer 2, Base.
Kraken founder promoted Custodia’s doomed bank and stablecoin
Kraken CEO Jesse Powell has supported shadowy stablecoin Tether since 2018. Curiously, he supported Custodia and its doomed projects, too.