The government has approved the release of its own stablecoin for the province of San Luis, which will be pegged to the US dollar, as well as fully backed by liquid assets of the province.
Jewel USD (JUSD) will be the first stablecoin dollar-linked issued in Bermuda. The stablecoin will work on the Polygon blockchain, first transactions will be available to institutional clients, and later they will become available for commercial payments and individuals.
The Rug Pull Report 2022 by Solidus Labs reports on how scammers have tricked users this year. The number of scams has increased tenfold compared to 2020.
Bloomberg journalists are actively writing materials about Tether, releasing several articles per week. Articles question the reliability of the company and fan the flames of panic after the collapse of FTX. Tether is not keeping silent, and refutes Bloomberg’s claims.
The FUD around Binance instantly affected BUSD. After withdrawing several billion dollars from the exchange and stopping the withdrawal of USDC, the exchange's own stablecoin loses market capitalization.
Yuga Labs is facing a class action lawsuit over misleading endorsements of NFTs by celebrities. The court filing stated that Yuga Labs secretly paid the celebrities to promote Bored Ape NFTs through MoonPay company.
Former US President Donald Trump’s NFT trading card collection sold out in a weekend after its release. But then metrics went down and the hype around the project began to fade.
