Tether updates, transparency reports, and insights into the role of stablecoins in global finance.
The total value settled with stablecoins this year surpassed the settlement value at Mastercard, which processed around $2.2 trillion in value in 2022.
Andjela Radmilac 2 min read 
OKX's latest proof-of-reserves report shows it holds over 90% of its assets in BTC, ETH, and USDT — the exchange has committed to update its reserve on the 22nd of every month.
According to numbers from Dec. 16, Bitfinex holds $3.5 billion in BTC while OKX follows with the second largest BTC reserve with $1.5 billion.
In general, these online gambling platforms accept USDT deposits and withdrawals and settle funds via cryptocurrency payments.
Tether said the "secured loans held in its reserves are overcollateralized and covered by extremely liquid assets."
The exchange also lost $32 million in Ethereum, $200 million in Binance USD and Tether, and $300 million in USD Coin.
Several stakeholders in the crypto community have questioned Coinbase's motive, with some describing the move as "desperate."
15 million Bitcoin goes into self-custody, CFTC chair claims Bitcoin is a commodity, and much more in this edition of CryptoSlate Wrapped Daily.
Despite recently losing 1% of its USD peg, Tether has 60% of its entire supply held across various exchanges with Bitfinex holding the largest share.
