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Tether won’t freeze funds linked to Tornado Cash until the law steps in

Tether holding off on freezing funds is as close as any big player has come to taking a stand against sanctioning a legitimate privacy tool.

History of Tether’s peg: Every time USDT traded above or below one dollar

The price of USDT recently de-pegged from the US dollar following Luna’s collapse. Here’s all the other major times Tether’s peg broke.

Tether is usually extremely tight-lipped about where it keeps its assets, but it appears the company holds some funds in the tiny Capital Union bank.

Tether CTO Paolo Ardoino says existing regulations mean the company does not need to release full disclosure of its assets.

After the collapse of Do Kwon’s “20% APY” Anchor protocol, attention is turning to those who did business with Kwon. Step forward Celsius.