USDT
Bitcoin Poised for Further Losses After Two-Day Plunge Wipes Out More Than $100B
Even after a price plunge of more than $10,000 over the past couple days, analysts see further selling ahead.

Paxos CEO: Mainstream Adoption of Crypto Will Revolutionize the Financial System
Charles Cascarilla, CEO of Paxos, joins “First Mover” to weigh in on the Bitfinex and Tether settlement, the rise of USDT around the world and the impact of institutional adoption by major players including PayPal.

NY AG’s $850M Probe of Bitfinex, Tether Ends in an $18.5M Settlement
In a closely watched case with wide-ranging implications for the crypto market, Tether has admitted no wrongdoing and will provide reports on USDT’s reserve composition for two years.

Bitfinex Says It Repaid Tether for $550M Loan at Center of NYAG Probe
Bitfinex says early Friday it repaid fully of the loan to Tether.

Bullish Sign for Crypto? USDC and Dai Balances on Exchanges Hit Record Highs
Buying in these stablecoins may foretell where the crypto market is going.

Tether Just Won't Go Away. Does the Crypto Market Care?
As the crypto market continues to rally, an old debate reignites on whether the most important stablecoin in trading is really stable.

OKEx’s Trading Volumes and Tether Reserve Plunge on Possible User Exodus
A sharp drop in OKEx’s trading volume and stablecoin reserves – tether in particular – may reveal an ongoing exodus of its users after the popular crypto derivatives exchange unexpectedly halted all crypto withdrawal activities for about five weeks.

Origin Debuts OUSD, a Stablecoin That Works Like a Savings Account
Origin is announcing Origin Dollars, or OUSD, a stablecoin whose reserves leverage decentralized finance (DeFi) so that balances grow wherever it resides.

New York Attorney General to Bitfinex and Tether: ‘Delays Must Stop’
Bitfinex and Tether shouldn’t need more than two months to produce documents about USDT issuances and past operations in New York first ordered 17 months ago, an NYAG lawyer argued in a letter Monday.

FTX Releases COMP Derivatives to Keep Up With DeFi Frenzy
Crypto exchange FTX is launching COMP derivatives later Thursday as deposits on the Compound DeFi platform soar past $300 million.

