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Tether founder Brock Pierce defaults, loses hotel, sues partner

Brock Pierce has sued his business partner Joseph Lipsey III alleging that he manufactured a default to “steal” the W Resort.

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.

Cantor Fitzgerald CEO Howard Lutnick bragged about holding Tether’s treasuries in a recent CNBC interview.

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

Exved, a new Russian firm working on cross-border USDT flows, is working with executives of previously sanctioned firms like Garantex.