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Nepal smugglers caught selling gold from China for $16M USDT

Nepalese smugglers reportedly moved 33kg of gold from China in flour sacks packed by children before selling it for $16 million USDT.

Tether is confused in Singapore

Tether claims to have cut off clients in Singapore on May 12, 2020 but continued to issue tokens to entities in the country after that date.

It’s unclear where the USDT and USDC have gone, given that data shows more than $81 million worth of the tokens on the Waves DEX protocol.

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

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.