Lawsuit against stablecoin company Tether dropped

By market capitalization, the cryptocurrency “USDT” is the largest and most widely used stablecoin. The company behind it, Tether, has come under fire several times in recent years. The prosecutor’s case against the firm and exchange Bitfinex has now been dropped. Tether and Bitfinex announced that they have reached a settlement with the New York Attorney General’s Office. […]

Tether regulation proposal “apocalyptic” for crypto

Unregulated stablecoins such as Tether face increasing regulatory pressure from the US government. A new bill called the Stable Act is stirring anxiety in crypto circles. It could effectively put an end to billions of dollars of transactions and throw the industry back several years. The Act calls for banking licenses for stablecoin issuers such as Tether. It […]