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.

SPAC Concord, chaired by former Barclays CEO Bob Diamond, has canceled USDC's Circle acquisition deal worth USD9 billion.

Circle, which owns one of the most popular stablecoins – USDC, has made changes to its financial forecasts due to the automatic conversion of USDC into BUSD stablecoin and the risks after the collapse of FTX, outlining them in a new document for the Securities and Exchange Commission.

On November 10, Tether shared its third quarter reserve report, audited by BDO. We did a closer observation of its contents.