Avalanche inscriptions hype, Tether responds to UN report, TUSD depegs
Episode description
In 2023, Bitcoin Ordinals drew the masses somewhat controversially, and now Avalanche has its own ASC-20 token standard in the early stages of virality. Meanwhile, a report from the United Nations put crypto on the firing line for crime in Southeast Asia and singled out Tether, which sparked an irritated response from the stablecoin issuer. Speaking of stablecoins, TrueUSD has depegged as users flock to alternatives.
Further reading:
- Avalanche inscriptions draw record user interest amid BRC-20 hype — Zhiyuan Sun
- UN implicates crypto in booming illicit economies of Southeast Asia — Derek Andersen
- Tether responds to UN report about ‘illicit activity’ of USDT — Helen Partz
- TrueUSD stablecoin depegs as holders dump $330M in TUSD — Tom Mitchelhill
References:
Gate.io guide to ASC-20 (Chinese)
Tether blog post challenging UN report
So, grab yourself a coffee, and let’s get into it!
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