USDT: Binance action spurs >$15B gap but battle is not yet over

Circle USDC has kept Tether USDT on its toes in the stablecoin superiority fight since the start of 2022. However, the recent Binance decision to convert other stablecoins except for USDT to Binance USD BUSD  has dealt USDC's mission a big blow.

Timeline of Tether

The federal judge presiding over the Tether class action has set a hearing to discuss requests made by parties involved to remove embattled law firm Roche Freedman from the case. The post Tether lawsuit judge sets hearing to discuss Roche Freedman concerns appeared first on The Block.

PUML, one of the leading move-to-earn apps rewarding users to exercise with cryptocurrency, is airdropping 85,000 PUMLx tokens and $500 USDT to early adopters of the M2E platform. The airdrop announcement comes momentarily before the token TGE date at Token 2049.

Two law firms have filed a motion seeking the removal of Roche Freedman as co-counsel to the litigation against Tether after a scandalous video of Kyle Roche was posted online by Cryptoleaks. The post Law firms request removal of Roche Freedman in Tether case over allegations made in viral video appeared first on CryptoSlate.

Two law firms have filed a letter requesting to replace Roche Freedman as lead counsel in the Tether class action. The post Law firms seek to replace Roche Freedman as lead counsel in Tether case appeared first on The Block.

Counsel representing Bittrex and Poloniex in an ongoing class action are joining the call for Roche Freedman to be thrown off the case. The post Poloniex and Bittrex join Tether in asking court to terminate Roche Freedman from class action appeared first on The Block.

Kyle Roche, an attorney and founding partner of the crypto boutique litigation firm Roche Freedman LLP, recently withdrew from a number of class-action lawsuits initiated by the law firm. The attorney's withdrawal follows videos that circulated showing the lawyer discussing associations with cryptocurrency companies.

Tether has asked the judge presiding over a class action suit against it to remove legal firm Roche Freedman from the case, which, if granted, could weaken the litigation against the stablecoin giant.

Tether [USDT], one of the largest stablecoins by market cap, has been dominating the stablecoin space for quite some time. Even though Tether is crowned king of the stablecoin space, it has seen a lot of turbulence over the last few years.

Tether issued a statement informing its community of false material that had been spread to cast doubt on the organization's integrity. The misinformation cited above pertains to a Wall Street Journal (WSJ) story that attacked Tether.

The crypto market is flashing green with the world's first cryptocurrency, Bitcoin and Ethereum regaining $20,000 and $1,600 levels respectfully. However, the global crypto market is still positioned below $1 trillion. At the time of writing, Bitcoin is trading at $20,395 after a slight drop of 0.37% over the 24hrs.