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Pornhub drops USDT for USDC

Pornhub is no longer accepting USDT for payouts and is switching to Circle-issued stablecoin USDC instead.

Crypto sleuth links $500M in Iranian USDT to stolen Bybit funds

Crypto sleuth Tanuki42 claims the middle man selling USDT to Iran is also receiving USDT from DPRK wallets laundering Bybit funds.

The address poisoner is now swapping the $50M worth of USDT into various cryptocurrencies and moving it across addresses.

S&P Global Ratings has lowered Tether’s rating to its lowest possible level in its most recent Stablecoin Stability Assessment.

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