America’s largest crypto exchange, Coinbase, doesn’t want its customers to use the Tether stablecoin. It’s instead offering incentives on its own stablecoin, USDC.

The tango with Tether is about to come to an abrupt halt, not because Tether isn’t fully backed, that’s not the right question, but because it’s backed by the wrong sort of dollars.

The Non-fungible token (NFT) bubble seemed to have busted as its number of active users fell by 88.9% and the total market cap declined by 42% from a high of $35 billion to $21 billion.

<a href="https://ambcrypto.com/?s=TRX">TRON (TRX</a>) is poised to rally further as technical indicators point to a massive uptrend. At press time, TRX was trading at $0.05349 and looked primed to break through current resistance at the 38.2% Fib level.&nbsp;

Lucky Mystery Box, announced today the launch of its Crypto lottery on the TRON network. A completely fair, transparent, and instant result-driven Blockchain game in which outcomes can’t be controlled or manipulated by a third party. The platform currently offers five games namely Size, Odd Even, Perfect Partner, Combat, and Cow Mystery Box.

Paolo Ardoino, the Genoese behind Tether is also a son of his homeland: shy, soft-spoken, but a great capitalizer of resources.

Tether, the parent company of the USDT stablecoin, has announced its plans to launch a stablecoin pegged to the offshore Chinese Yuan (CNHT) on the Tron blockchain.

At launch, Bitfinex will be the first exchange to enable its users to deposit and withdraw CNH₮ using the Tron blockchain transport layer.

On Dec. 6, Tether, the stablecoin issuer, revealed that its offshore Chinese Yuan (CNH) would now be available on the Tron blockchain. Using the Tron blockchain transport layer, Bitfinex will be the first exchange to let users deposit and withdraw CNH₮ at launch.

Following the crypto winter in the first half of 2022 and the collapse of the Terra ecosystem, many investors had a paradigm shift with stablecoins such as Tether. Unfortunately, too many such coins have failed to provide the stability they claimed. Hence, users started demanding more transparency in the reserves of most stablecoins.

According to a recent <a rel="nofollow" href="https://www.wsj.com/articles/rising-tether-loans-add-risk-to-stablecoin-crypto-world-11669875590">report</a>, Tether, the issuer of the USDT stablecoin, has been increasingly lending its own coins to customers rather than selling them for cash. Further,&nbsp; it also states that, the crypto giant has failed to disclose its stablecoin-issued loans and raises concerns about why <a href="https://coingape.com/tag/tether/">Tether</a> doesn’t publish its full USDT reserves for transparency.

Tether co-founder Reeve Collins said he and other cryptocurrency industry members were shocked by the collapse of FTX.

On Dec. 1, the Wall Street Journal published another attack on the crypto industry, targeting Tether this time.

Tether says it lends only to eligible customers and requires that borrowers post lots of "extremely liquid" collateral, which could be sold for dollars if borrowers default. These loans have appeared for several quarters in the financial reports that Tether shows on its website. In the most recent report, they reached $6.1 billion as of Sept. 30, or 9% of the company's total assets. They were $4.1 billion, or 5% of total assets, at the end of 2021.

Crypto derivatives exchange Bybit has launched a new support fund to help institutional traders access liquidity in the wake of the FTX collapse — an event that triggered a fresh wave of panic selling across the digital asset space.

Beleaguered crypto exchange FTX’s connection with Tether remains in question as the banks used by both companies are run by the same person. FTX’s Alameda Research invested $11.5 million in Farmington State Bank’s parent FBH, run by Jean Chalopin. Surprisingly, Chalopin is also the chairman of Bahamas-based Deltec Bank, the main bank of Tether.

USD Coin (<a href="https://cointelegraph.com/usdc-price-index">USDC</a>), a stablecoin issued by the U.S.-based Circle Financials Ltd, is taking the lead over its top rival, Tether (<a href="https://cointelegraph.com/tether-price-index">USDT</a>), when it comes to institutional adoption, according to on-chain data.

The Co-Creator of the memecoin Dogecoin – Billy Markus (better known as Shibetoshi Nakamoto) – thinks if either Binance or Tether goes down, this could be “pretty much game over.” The American software engineer also outlined that an increasing number of people have realized that too much centralization is a “big weakness.”

The Solana Foundation, a non-profit organization that supports the development of the Solana blockchain, also acknowledged having $1 million in cash or other equivalent assets that were trapped on FTX.

The world’s largest stablecoin issuer, Tether, has ensured that there are no risks from USDT on the Solana network.