Stablecoins used to be a sort of taboo subject in the crypto community after it became common practice to criticize Tether’s reserve backing. Are you really a seasoned crypto investor if you haven’t gone down the (USDT) rabbit hole? There was some relief in May 2021. Tether successfully passed an assurance testingit disclosed its reserves publicly for the first-time. For some onlookers, the reserve breakdown created more questions than answers due to the stablecoin issuer’s oversized exposure to commercial paper.

Over the last four years, stablecoins have grown exponentially. Tether still holds the top spot, however Circle Internet Financial is climbing the rankings thanks to the success of USDC Coin.USDC). TerraUSD (UST), a rising star, recently received substantial backing from venture capitalists.

Circle’s valuation doubles to $9B following revised merger agreement with Concord

Luna Foundation Guard raises $1B for a UST reserve.

In its latest reserve attestation, Tether reduces commercial paper by 21%

London Stock Exchange purchases cloud-based technology provider Tora with a $325M transaction

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