Tether and USDC to Publish Assurance Reports Weekly

The failure of algorithmic stablecoin TerraUSD earlier this month prompted investors to seek refuge in other crypto assets that try to maintain a one-to-one peg with the US dollar. Tether’s USDT briefly lost its dollar peg and dropped to 95 cents on May 12 as a result of the subsequent market downturn that shook cryptocurrencies …