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#stablecoin

13 posts6 participants1 post today

Apparently the #Houthis have been using #Tether's USDT stablecoin to do [whatever], because #OFAC just placed sanctions on a bunch of USDT wallets on #JustinSun's #Tron blockchain that they claim are connected to the Houthis.

Reminder that Justin Sun is Donald Trump's business partner in #WorldLibertyFinancial and #HowardLutnick manages Tether's money, so now you have a situation where Trump & co. are profiting from the same people they are bombing.

#crypto#uspol#eupol

Democrats stall #Stablecoin bill, citing Trump crypto ambitions

Democratic lawmakers want to add language to the bill that would restrict elected officials and high-level government employees from owning and profiting off stablecoin issuers.

americanbanker.com/news/democr

American Banker · Republicans move stablecoin, other bank bills, out of committeeBy Claire Williams

#TrueUSD, one of the many stablecoins connected to Chinese crypto scammer & Donald Trump business partner #JustinSun, received a half billion dollar bailout from... Justin Sun when it couldn't get its capital out of First Digital, another chinese #moneylaundering company that runs a stablecoin #FDUSD that is used for most trading on #Binance.

> "In September 2024, #TrueCoin and #TrustToken (the #stablecoin's owners before #Techteryx) settled with the #SEC over allegations they falsely marketed TrueUSD as fully dollar-backed while secretly investing reserves in risky offshore funds."

protos.com/justin-sun-bailed-o