Circle has created a protocol that replaces cross-chain bridges - CCTP. The launch is planned in the middle of the first quarter of 2023 on Ethereum and Avalanche.

As we wrote earlier, 2022 was quite a difficult year for stablecoins, but they managed to reach a record settlement volume, exceeding $7 trillion. Then, Peter Johnson predicted that the total settlement volume of stablecoins in 2023 would bypass Visa.

A stablecoin linked to gold, Tether Gold (XAUT), has been listed on ICRYPEX crypto exchanges.

Bloomberg journalists are actively writing materials about Tether, releasing several articles per week. Articles question the reliability of the company and fan the flames of panic after the collapse of FTX. Tether is not keeping silent, and refutes Bloomberg’s claims.

The FUD around Binance instantly affected BUSD. After withdrawing several billion dollars from the exchange and stopping the withdrawal of USDC, the exchange's own stablecoin loses market capitalization.

After another critical article from the Wall Street Journal, Tether announced that it would get rid of “Secured loans” by the end of next year.

Coinbase has made the conversion of USDT to USDC available to users without commission, encouraging everyone to switch to a reliable stablecoin from Circle.

Tether announced the launch of Euro Tether (EURT) and Tether Gold (XAUT) on Huobi Global. As well as a stablecoin tied to the offshore Chinese yuan (CNHT) which will be available to users on the Tron blockchain, although previously it worked only on Ethereum.