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Cardano-based stablecoins have struggled for market share despite the popularity of these assets.
Oluwapelumi Adejumo 2 min read
Tether's USDT has emerged as a major winner among stablecoins, with its market share nearing 70%.
The crypto community is awash in speculation that the private keys to the stablecoin's deployer address might have been compromised in a recent third-party breach.
Tether's opaque reserves has long raised concerns from the crypto industry and regulators alike.
The ECB said that the preparation phase will finalize the digital euro rulebook, consider contractors to build the technical infrastructure, and begin testing the technology.
Tether said it has frozen a total of $835 million in crypto assets working with 31 agencies across 19 jurisdictions.
Ardoino co-led the strategy that led to USDT's substantial market capitalization growth.
Tom Wan tied the stablecoin challenges to its use of illiquid assets, such as real estate, for its reserves.
Tether told CryptoSlate that it does not comment on its customers' transactions as a matter of policy.