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USDT
TRX Momentarily Surges 4,000% on FTX; Tether Freezes $46M of USDT Held by FTX Following Law Enforcement Request
Tron network’s native TRX token momentarily surged some 4,000% from 6 cents to $2.50 on embattled crypto exchange FTX even though they are trading for 6 cents on other prominent exchanges, such as Binance and OKX. Separately, stablecoin issuer Tether froze $46 million of USDT held on Tron by FTX following a request from law enforcement. "The Hash" panel discusses the ripple effects amid fallout for FTX.
Tether Freezes $46M of USDT Held by FTX Following Law-Enforcement Request
The stablecoin lost its $1 peg earlier on Thursday.
Tron's DAO to Purchase $1B USDT to 'Safeguard' Against Market Slump
USDT slipped to as low as 93 cents in the European afternoon hours.
Tether Dominates Curve's 3pool Liquidity With DAI, USDC Accounting for Just 15%
Tether accounts for 85% of the total liquidity in Curve's 3pool. While the stablecoin is seeing some volatility, the price remains firmly near the 1:1 U.S. dollar peg,
Tether's USDT Stablecoin Drops 3% Below $1 Peg
USDT is trading at 97 cents on several bourses, and briefly fell as low as 93 cents on the Kraken exchange.
Stablecoin Issuer Tether to Make USDT Available at 24,000 ATMs in Brazil
The conversion of tether to Brazilian reals and vice versa will be managed by local crypto services provider SmartPay in conjunction with TecBan, which owns the ATMs.
US Judge Removes Legal Firm Roche Freedman From Class Action Against Tether, Bitfinex: Report
The firm was removed even after its controversial founder Kyle Roche filed to withdraw from the case.
Tron Partners With Dominica to Issue National 'Fan Token'
The Caribbean island's government may accept native Tron tokens such as TRX and USDT for public payments including taxes, under a new ordinance.
Back to Square One? Circle's USDC Market Cap Drops Below $50B for First Time Since Terra's Collapse
USDC's utility has taken a hit in the wake of Binance's decision to consolidate order books and Circle's decision to freeze addresses associated with Tornado Cash.
Even 'Safe' Stablecoins Might Pose Financial Stability Risk, New York Fed Says
Researchers at the Federal Reserve Bank of New York published a new paper claiming Circle's USDC stablecoin poses a risk to the broader financial system.
