U.S. Fed says recent strain highlights ‘structural fragilities’ in stablecoin sector
The Fed states that vulnerabilities in stablecoins may be further heightened by the absence of transparency about the riskiness and liquidity of assets backing them.
Tether confirms DDOS attack on tether.io
The Tether website has to turn on "under attack mode" as it receives 400,000% increase in requests via DDOS attack.
Tether has announced that it will launch USDT on the Tezos network
The popular stablecoin Tether has announced that they will be launching on the Tezos blockchain.
Japan passes stablecoin bill for investor protection after UST debacle
Japan’s new stablecoin law limits stablecoin issuance to licensed banks, registered money transfer agents, and trust companies.
Tether co-founder says UST disaster spells doom for algorithmic stablecoins
The loss of the money within the Terra ecosystem was unfortunate but was not unexpected, according to Collins.
Tether remains unshaken despite $10 billion withdrawals in 2 weeks
CryptoSlate data shows that the circulating supply of USDT dropped to $73.3 billion on Monday from the $84.2 billion on May 11.
Tether’s $82.4B reserves exceed market cap of USDT
Tether quarterly report indicates that it is still fully backed by cash and cash equivalents including commercial paper and US treasuries.