The UNODC report details Tether's role in the massive underground banking networks that support Macau's casino 'junket' operators as well as illegal China-facing online gambling sites.
Tether released its Q3 reserves attestation on Halloween and emphasized in its report was the fiscal reality that Tether ‘asserted’ on September 30.
Circle's Dante Disparte takes a swipe against Tether over the latter's "unsafe, opaque" operations, while Coinbase seemingly resorts to unethical moves in an attempt to save its plummeting revenue.
USDC is shrinking due to a crisis in confidence, but instead of USDT's market cap plummeting as a result of this, the event sparks growth, questioning the integrity of Tether.
The U.S. House of Representatives Financial Services Committee advanced two bills that could now be sent to the House floor for a full vote: the HR4766 and HR4841.
Circle, one of the two companies behind the USDC stablecoin, has just announced that it will become a full-reserve national commercial bank.
