Bitcoin24h $63,627.51-0.54%

Ethereum24h $1,894.72-1.18%

BNB24h $570.70-0.25%

XRP24h $1.07-0.66%

Solana24h $73.20-0.88%

TRON24h $0.3252+0.16%

Hyperliquid24h $53.83-2.38%

Dogecoin24h $0.0699-1.53%

UNUS SED LEO24h $9.77+0.13%

Zcash24h $464.36-0.85%

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.