Binance-supported and Justin Sun-linked True USD has bucked the trend for more transparency in the stablecoin market, as full control of reserves and private keys has now passed to mysterious offshore owner Techteryx. Should we be concerned?

Last week Tether's USDT stablecoin suffered a brief depeg to 99 cents. The issue was potentially significant due to the surrounding circumstances.

Circle is finding its way past a rough year. In the last couple of months, the FinTech company launched USDC on Arbitrium, Euro Coin on Avalanche and introduced its own cross-chain bridge protocol.

At the end of May, when everyone was watching the U.S. debt ceiling drama, Blackrock, the manager of Circle stablecoin reserves, precautiously moved the holdings from T-bills to commercial banks. Now that the storm alert has passed, T-bills have started to appear on the balance sheets again.

Tether has announced its new investment strategy. To strengthen and diversify reserves, the company plans to regularly buy bitcoin with realized profits.

Tether and Strike money app have merged their user bases by adding USDT to the bitcoin-only platform.

Tether and KriptonMarket announced a collaboration which will give small businesses access to stablecoins at the Central Market of Buenos Aires.

The issuer of the largest stablecoin, Tether continues its path to transparency. In the recent quarterly reserve report, the company showed a breakdown for a previously consolidated reserve category that revealed its investments in gold and bitcoin.