Follow stablecoin news, issuer updates, market share changes, regulation, reserve transparency, and payment adoption trends.
Tether responded to a WSJ article claiming that a 0.3% in the price of assets held in Tether's reserve could lead to insolvency.
Stablecoin USDN fell 4% as network upgrade is confirmed as "urgent measures" are implemented
Tether CTO Paolo Ardoino said the company is not obligated to comply with U.S. sanction rules. But this stance puts Tether at "legal risk."
The TRON founder said multiple backing assets and an over-collateralized reserve mean USDD is not prone to the same vulnerabilities as UST.
USDT issuer Tether is working with BDO Italia to increase its transparency by publishing monthly attestation reports.
Huobi exchange claims it exited its stake in HUSD stablecoin since April, as liquidity crisis forces the stablecoin below $0.8.
Acala's stablecoin aUSD now trading at $0.91 after 99% of the tokens minted in the exploit were burnt.
Acala issues governance proposal including details of the weekend exploit which led to $1.2B aUSD being "erroneously minted" by a malicious actor.
Coingecko data showed that USDT's supply rose by 2.6% in 30 days to $67 billion, while USDC declined 2.1% to $53 billion.
