Tether updates, transparency reports, and insights into the role of stablecoins in global finance.
Tether CEO said the world's largest stablecoin issuer wants to become a "world class partner" to the U.S. to "expand dollar hegemony."
Monika Ghosh 4 min read 
The intervention comes in the wake of a security breach that led to a significant loss of funds across multiple decentralized applications (dApps).
Howard Lutnik expressed confidence in Tether's treasury holdings and Bitcoin's market-driven appeal amidst a looming wave of real estate defaults.
According to S&P Global, USDC emerges as a leading stablecoin owing to low-risk asset backing, while USDT's insufficient reserve details gave analysts pause.
El Salvador's citizen visa program invites Bitcoin investors to contribute to the nation's growth with the lure of residency and potential citizenship.
Observers have suggested that USDT's increasing supply indicates an improving liquidity for the crypto market.
The company told CryptoSlate it was also building new financial products set to be launched next year.
This incident represents the third major compromise of a Justin Sun-linked platform recently.
Tether's financial management practices has faced scrutiny from the authorities.
