Tether billion-dollar deposit in UK bank sparks legal showdown: FT
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Tether updates, transparency reports, and insights into the role of stablecoins in global finance.
Tether's financial management practices has faced scrutiny from the authorities.
Oluwapelumi Adejumo 2 min read
The frozen USDT represents the the largest-ever freeze of USDT in history.
Tether triumphs as a lawsuit alleging false reserve disclosures is permanently dismissed.
The CEO of Near Foundation reportedly said the stablecoins' origin were suspicious.
Many expect this dominance to continue as major payment companies, like Visa and PayPal, embrace stablecoins as web3 onramps.
Tether's USDT appears to benefit from the decline with it its supply approaching 85 billion.
Tether's most recent attestation report stated the stablecoin issuer's assets exceeded liabilities by roughly $3 billion.
Two Republican members of Congress have written to AG Merrick Garland to request the DOJ apply utmost scrutiny to the crypto heavyweights.
6 stablecoins record biggest losses over 7 days for high volume digital assets