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.
"Real world" assets have entered DeFi, as the Maker protocol reportedly just minted $38,000 of dai stablecoins to finance a mortgage loan.
The stablecoin's price in dollars surged during the recent market correction to the highest since the "Black Thursday" sell-off in March 2020.
The world’s largest stablecoin last week received a boost by being listed on Coinbase Pro.
Our columnist compares how the company behind the leading stablecoin (USDT) attests to its reserves and how its competitors do it.
The amount of tether on the Tron blockchain has exceeded that on Ethereum.