The Daily Peg
The FATF has insights on how Iran's IRGC has been using stablecoins to pay for weapons and drones.
Subscriber note: Apologies for the break in operations last week, we were travelling. Usual service resumes this week.
Industry news
Class-Action Lawsuit Against Tether And Bitfinex Over Alleged Crypto Price Manipulation Moves Forward
https://x.com/bscnews/status/2030164597257228638?s=46
A New York federal judge approved class-action status for investors alleging Tether and Bitfinex manipulated BTC and ETH prices between 2017–2019 through USDT issuance.
Tether And Bitfinex Face Expanded Legal Scrutiny Over Alleged Market Manipulation
https://www.tradingview.com/news/coinpedia:101cdd63c094b:0-tether-and-bitfinex-face-class-action-over-alleged-bitcoin-and-ethereum-price-manipulation/
SoFi Expands Stablecoin Strategy Through Partnership With Mastercard
https://finance.yahoo.com/news/sofi-stablecoin-joins-mastercard-network-102100792.html
Western Union Partners With Crossmint To Expand Stablecoin Payment Infrastructure
https://finance.yahoo.com/news/western-union-partners-wu-crossmint-171356879.html
Stablecoin Firms Increasingly Invest In Artificial Intelligence For Financial Infrastructure
https://finance.yahoo.com/news/stablecoin-firms-bet-big-ai-140000968.html
