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Tether stated that commercial papers constitute less than 25% of USDT’s backing, adding that it does not have lending exposures to Celsius and Three Arrows Capital.
Justin Sun and Tron DAO have made several efforts to help USDD regain its peg.
Tron's USDD stablecoin loses dollar peg amid extreme downturn in the crypto market. Fears looms as to its possible crash
Do Kwon has denied fresh allegations claiming he withdrew roughly $2.7 billion from the Terra ecosystem via Degenbox.
Fresh allegations against Do Kwon claim he withdrew hundred of millions of dollars from the Terra ecosystem before its collapse.
The Dark Knight of Terra has launched a LUNA 2.0 validator at 10% commission in order to manage "restitution" for UST holders
The popular stablecoin Tether has announced that they will be launching on the Tezos blockchain.
According to a report, the SEC got a court order that forces Terraform Labs to comply with subpoenas issued by the commission to investigate whether the firm’s tokens were unregistered securities.
Anchor operations like earning and borrowing will be suspended and users would only be allowed to withdraw their funds or deposit USTC to earn aUST.
