In line with its updated policy, the issuer of the USDT stablecoin is intensively freezing cryptocurrency wallets.
S&P Global has launched a stablecoin stability assessment. This system considers several factors including the underlying technology, governance, legal and regulatory framework, liquidity, and third-party dependencies among others.
Tether, the issuer of stablecoins, has minted 4 billion USDT in the last 30 days, accounting for nearly 18% of all USDT issued in 2023.
On Wednesday, U.S. lawmakers introduced a bill that prohibits federal government officials from engaging with Chinese blockchain companies, reflecting the U.S. government’s ongoing concerns regarding Chinese involvement in the cryptocurrency sector.
Starting from October 17th, Uniswap Labs will implement a 0.15% fee on swaps conducted via their web app and wallet. This fee applies to ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD.
According to Israeli intelligence agencies, stablecoins such as USDT, USDC, and USDD on the Tron network have emerged as the important conduit for channeling funds to terrorist organizations like Hamas, ISIS, and Hezbollah.
Tether has frozen nearly 161 Ethereum wallets, with only 11 holding USDT.
Wintermute, an algorithmic trading firm in digital assets, accuses NEAR Foundation and Aurora of failing to uphold their agreement involving the conversion of $11 million worth of the now-defunct USN stablecoin to USDT. These tokens originated from the now-defunct FTX exchange and were acquired by Wintermute in exchange for fiat currency with the assurance of a complete conversion.
Coinbase, the American cryptocurrency exchange, has made the decision to delist 80 trading pairs that are not tied to the US dollar (including USDT) in an effort to enhance liquidity on its platform.
Tether, the company behind the USDT stablecoin, has announced the freezing of 32 addresses, totaling $873,000, linked to terrorism and military actions in Israel and Ukraine.
In the last two years, over half of the USDT addresses on the Tron network connected with OTC trading or businesses have shown medium to high vulnerability concerns.
