The US Justice Department (DoJ) arrested an heir to the Cartier empire on May 2. He was charged with laundering proceeds of drug trafficking using Tether’s USDT stablecoin. The charges mark a rare intersection between influential people and crypto-related crime. According to the DoJ’s indictment announcement, Maximilien de Hoop Cartier, a direct descendant of Louis…
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During the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that tether, the largest stablecoin by market valuation, saw its market cap lose more than 5% during the last 30 days. Tether’s market cap slipped from…
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Over three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last month. On Oct. 1, 2022, tether’s market capitalization was approximately $67.95 billion, and it’s risen to $69.36 billion since then. Circle’s usd coin, on the…
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