Algorithmic stablecoin collapse may crash crypto markets again, says IMF

The IMF is warning investors about so-called “algorithmic” stablecoins ⏤ which are often unstable and not meaningfully algorithmic.

Turns out this tiny Bahamas bank is holding some of Tether’s reserves

Tether is usually extremely tight-lipped about where it keeps its assets, but it appears the company holds some funds in the tiny Capital Union bank.