SPAC Concord, chaired by former Barclays CEO Bob Diamond, has canceled USDC's Circle acquisition deal worth USD9 billion.

Circle, which owns one of the most popular stablecoins – USDC, has made changes to its financial forecasts due to the automatic conversion of USDC into BUSD stablecoin and the risks after the collapse of FTX, outlining them in a new document for the Securities and Exchange Commission.

On November 10, Tether shared its third quarter reserve report, audited by BDO. We did a closer observation of its contents.

The FTX crisis, like the fall of Terra, affected a lot of crypto projects, against this background, HUSD and USDD stablecoins lost their binding to the dollar.

This year was an eventful year in the world of crypto. In particular, the collapsed Terra and FTX crisis affected the entire crypto market, and again attracted the attention of regulators to crypto and stablecoins. Stablecoins are valued for their technological features, while, at the same time, maintaining a stable

Major stablecoins reacted to FTX saga by temporarily losing their peg. No major losses so far.

The euro-backed stablecoin will launch on Solana in the first half of 2023, Circle reported.

At the end of October, Bloomberg, citing its sources, published an article stating that a new investigative team is taking over looking into the alleged fraud of the Tether leadership. Tether's reaction followed very quickly. In a message on the official website, the company accused Bloomberg of lying