Ratings company S&P Global has started ranking stablecoins' ability to hold their pegs. (eswaran arulkumar/Unsplash)
S&P Faults Biggest Stablecoin, Tether's USDT, as It Debuts New Industry Ranking
USDT was assigned a low score of four, meaning the largest stablecoin is constrained in its ability to maintain its peg to fiat, the rating agency says.
Ratings company S&P Global has started ranking stablecoins' ability to hold their pegs. (eswaran arulkumar/Unsplash)

Cantor Fitzgerald's Howard Lutnick (World Economic Forum)
Cantor Fitzgerald CEO Howard Lutnick Is a Bitcoin Maxi and Tether Fan
He said Cantor Fitzgerald is a custodian of the U.S. Treasuries that Tether holds to back its USDT stablecoin.
Cantor Fitzgerald's Howard Lutnick (World Economic Forum)

Bitcoin Starts Trading Week in the Red; Tether Freezes 41 Crypto Wallets Tied to Sanctions
Bitcoin Starts Trading Week in the Red; Tether Freezes 41 Crypto Wallets Tied to Sanctions
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest stories shaping the crypto industry today, including bitcoin (BTC) and ether (ETH) leading in liquidation heatma...
Bitcoin Starts Trading Week in the Red; Tether Freezes 41 Crypto Wallets Tied to Sanctions

El Salvador Targets Bitcoin Millionaires in New Push to Attract Long-Term Residents
El Salvador Targets Bitcoin Millionaires in New Push to Attract Long-Term Residents
El Salvador kickstarted its "Freedom VISA" program last week, with plans to distribute residency to a maximum of 1,000 people per year who invest at least $1 million worth of...
El Salvador Targets Bitcoin Millionaires in New Push to Attract Long-Term Residents

Tether (Nikhilesh De/CoinDesk)
Tether Freezes 41 Crypto Wallets Tied to Sanctions
Several of the frozen wallets had been using Tornado Cash over the past six months.
Tether (Nikhilesh De/CoinDesk)

Stablecoin market cap (Coin Metrics)
Fresh Money Flows to Crypto as Stablecoin Market Expands After 18-Month Downtrend
Tether's USDT added $7 billion to its market cap since September, a sign of capital entering the crypto market, Matrixport noted.
Stablecoin market cap (Coin Metrics)

Tether CEO Paolo Ardoino (Mason Webb/CoinDesk)
Paolo Ardoino: The Hardest Working Man in Crypto
The newly promoted CEO of Tether is looking to diversify the firm's investments after a banner year where the stablecoin giant is on track to profit $4.5 billion.
Tether CEO Paolo Ardoino (Mason Webb/CoinDesk)

U.S. Deputy Secretary of the Treasury Wally Adeyemo has campaigned Congress to provide new authorities to oversee crypto outside the U.S.  (Suzanne Cordiero/Shutterstock/CoinDesk)
U.S. Treasury Campaigning for Amplified Powers to Chase Crypto Overseas
A top official has asked members of Congress for new laws to extend the Treasury's crypto reach beyond its existing enforcement and sanctions abilities.
U.S. Deputy Secretary of the Treasury Wally Adeyemo has campaigned Congress to provide new authorities to oversee crypto outside the U.S.  (Suzanne Cordiero/Shutterstock/CoinDesk)

Wally Adeyemo, deputy secretary of the U.S. Treasury, at Consensus 2022 in Austin, Texas
Stablecoins Such as Tether May Be in U.S. Sights, Top U.S. Treasury Official Warns
Wally Adeyemo, deputy secretary of the Treasury, said issuers outside the U.S. need to be forced to prevent abuse by terrorists.
Wally Adeyemo, deputy secretary of the U.S. Treasury, at Consensus 2022 in Austin, Texas

Tether (Nikhilesh De/CoinDesk)
Tether, Bitfinex to Drop Opposition to New York Freedom of Information Law Request
The firms said dropping the opposition doesn't mean a "wholesale release" of all documents.
Tether (Nikhilesh De/CoinDesk)