Bitcoin24h $80,043.64+2.04%

Ethereum24h $2,500.80+1.16%

BNB24h $709.67+1.66%

XRP24h $1.45+4.55%

Solana24h $107.73+11.30%

TRON24h $0.3374+0.54%

Hyperliquid24h $85.94+6.05%

Dogecoin24h $0.0884+4.00%

Zcash24h $813.78+4.20%

Chainlink24h $11.84+5.00%

Tether challenges USDC Solana hegemony with $127.5M Drift bailout

Tether has pledged up to $127.5M to help Drift “support user recovery and relaunch the Drift platform” after a $285M hack.

China’s Regulation 42 forces Tether to kill its CNHT stablecoin

Tether has never been in a better place than it is right now, at least in the US. But in China, it’s a very different story.

Iran gathered at least half a billion dollars worth of USDT last year to help bypass sanctions and boost its own currency.

Tether, the world’s largest stablecoin, has family members in top leadership positions and in partner firms.

Tether accepted the pricing of tokens and stock in a complex Oobit treasury stock deal that ultimately relies on Kraken.