Bitcoin24h $102,244.01-1.63%

Ethereum24h $3,399.23-1.67%

XRP24h $2.29-2.21%

BNB24h $996.31+0.37%

Solana24h $157.83-3.39%

TRON24h $0.2917-0.61%

Dogecoin24h $0.1755-2.56%

Cardano24h $0.5658-2.93%

Hyperliquid24h $40.33-5.57%

Chainlink24h $15.44-3.95%

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.

Justin Sun has taken to X to defend HTX’s reserves, however, a close review reveals HTX is lending 92% of its USDT on Aave.

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