The legal representative of Do Kwon is trying to appeal the decision of the Court in Montenegro and the issue of extradition of Kwon from Montenegro is also being resolved. South Korea is once again launching a prosecution against a former Terra employee, Daniel Shin.

Users of the platform Bit2Me can make transactions with Tether Gold (XAUT) and Euro Tether (EURT).

Arthur Hayes, the co-founder and former CEO of crypto exchange BitMEX, criticized both custodian and decentralized stablecoins and proposed a new stablecoin called the Satoshi Nakamoto Dollar, or NakaDollar (NUSD). Unlike existing stablecoins, NUSD would be supported only by Bitcoin.

Datachain, Mitsubishi UFJ Trust and Banking Corporation, and Soramitsu announced a technology alliance to enable smooth transfer and exchange of stablecoins to be issued in Japan.

In a new report, Moody's analyzed the impact of the traditional banking system on stablecoins, as well as the possible tightening of regulation against the background of the recent banking crisis.

The well-known messaging app Telegram has added the functionality for users to buy, store, and send Tether (USDT), the world's largest stablecoin.

Binance continues to get rid of BUSD by converting its own stablecoin into other crypto assets in the Industry Recovery Initiative and the SAFU funds.

After a long time, the co-founder of the collapsed Terra, Do Kwon, was arrested in Montenegro.