Tether Treasury's substantial transfer of USDT tokens to Bitfinex, valued at $229,956,875, has stirred interest within the crypto community. As the market reacts to Bitcoin's recent swings and Tether's significant move, the impact on overall market dynamics remains to be seen.
Cheng YuanFTX founder SBF faces eight criminal charges, ranging from fraud to conspiracy to commit money laundering, in connection with the collapse of his once-dominant exchange.
decryptTether, which is the largest stablecoin issuer by market capitalization, added its offshore Chinese Yuan (CNHT) to the Tron network.
OthersFTX’s collapse has significantly damaged both the crypto and broader financial ecosystems.
Crypto BriefingThe U.S. Attorney’s Office for the Southern District of New York will now be handling the investigation, Bloomberg reported Monday.
Others
With a peso-backed stablecoin, Tether is essentially “recreating the foreign exchange market with a Tether product,” Ardoino said.
Cointelegraph
BitcoinistThe total USDC supply on Ethereum has surpassed that of Tether, making the USDT supply on Ethereum second for the first time.
CointelegraphPaolo Ardoino, chief technology officer, of Tether and Bitfinex, explains why USDT will retain its dominance in an increasingly competitive stablecoin market.
Cointelegraph