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Tether, the company behind the world's largest stablecoin USDT, has initiated collaboration with one of the "Big Four" accounting firms to conduct a comprehensive audit of its reserves, CEO Paolo Ardoino confirmed. The move aims to verify that each token is backed 1:1 with assets amid intensifying i

Sonic Blockchain is advancing development of a high-yield algorithmic stablecoin despite lingering industry trauma from the catastrophic Terra-Luna collapse that triggered crypto's longest winter. The project's co-founder acknowledges experiencing "PTSD" from previous algorithmic stablecoin failures

Stablecoin issuer Tether has emerged as the world's seventh-largest buyer of United States Treasuries, surpassing established nations like Canada, Taiwan, and Mexico. The $143 billion company now holds more US government debt than numerous sovereign countries. Tether, which issues USDT, the world's

Bitcoin has plunged into bear market territory, shedding over 29% of its value since January as macroeconomic uncertainty and trade war fears rattle cryptocurrency and equity markets alike. The leading cryptocurrency currently trades at $83,500, having lost the critical 200-day moving average around

Stablecoins have surged past Ethereum in market capitalization, reaching $233 billion as cryptocurrency investors increasingly seek shelter from market turbulence. This milestone comes after eight consecutive weeks of declining prices across the broader crypto market. Data from CoinMarketCap shows s