Bitcoin24h $78,603.69+1.36%

Ethereum24h $2,371.10+2.33%

XRP24h $1.43+0.69%

BNB24h $637.25+1.22%

Solana24h $87.06+1.19%

TRON24h $0.3236-0.21%

Dogecoin24h $0.0995+1.56%

Hyperliquid24h $42.08+1.52%

UNUS SED LEO24h $10.36+1.05%

Cardano24h $0.2528+1.19%

Tether co-founder’s new coin STBL is already down 80%

Tether co-founder Reeve Collins launched his “next evolution of stablecoins” STBL last month, but its value has fallen 80% in four weeks.

Is Howard Lutnick fundraising for Tether?

According to Swan Bitcoin CEO Cory Klippsten, Howard Lutnick has been personally assisting Tether with a multi-billion dollar fundraise.

According to Bloomberg, Tether is in negotiations with investors to raise funds in exchange for a 3% stake in Tether Holdings SA.

Tether has announced a new US-based stablecoin called USAT that will be led by Bo Hines, President Trump’s former advisor on digital assets.

LlamaRisk claims the bug bounties of multi-billion dollar stablecoin firms Circle and Tether are “inadequate,” and fail to exceed $10K.