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Circle and Tether bug bounties aren’t enough says LlamaRisk

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

Tether terminates Bitcoin support while advertising Bitcoin support

Tether will terminate redemptions and freeze most USDT tokens using the Bitcoin ledger on September 1 as it terminates Omni support.

Omar Rossi has worked for a variety of interesting financial firms in Switzerland and the Bahamas and now seems to be involved with Tether.

Tether, the world’s largest stablecoin company, has continued to grow its secured loans business even after promising to eliminate it.

Bank of International Settlements researchers have quantified a few basis points of measurable impact from stablecoins on US Treasuries.