StablR's stablecoins EURR and USDR lost their pegs after attackers exploited a weak multisig wallet setup, stealing about $2.8 million worth of crypto. The breach was due to a compromised private key, not a smart contract flaw, allowing hackers to mint millions of tokens and swap them for ETH. This incident highlights risks in stablecoin governance and key management in DeFi. StablR operates under EU regulations and has backing from Tether, but no recovery plan has been announced yet.
Plasma, a Layer-1 blockchain built specifically for stablecoin payments and backed by Tether and Founders Fund, has quickly become the second largest destination for USDT0 stablecoin transfers, accumulating over $27 billion in inflows since its mainn...
Peaq demonstrated a delivery robot autonomously navigating a simulated Seoul environment and making payments onchain using USDT stablecoin. The robot operated on peaqOS, a blockchain-based system providing decentralized identity, embedded wallets, an...
A large transfer of 52.16 million USDT stablecoins to Binance has been detected, drawing attention from traders monitoring significant stablecoin movements. While such transfers often indicate preparation for trading activities like buying cryptocurr...
Tether's USDT stablecoin supply surged by over $5 billion in one month, reaching nearly $190 billion and capturing about 60% of the stablecoin market. Meanwhile, competitors like USDC, PYUSD, and USDe lost a combined $4.2 billion, reflecting a market...
Tether has filed trademarks in South Korea for potential KRW-backed stablecoins named KRWT and WONTETHER, signaling a possible expansion into the Korean market. Meanwhile, Tether gained full control of Twenty One Capital, a major Bitcoin treasury hol...
