The government has approved the release of its own stablecoin for the province of San Luis, which will be pegged to the US dollar, as well as fully backed by liquid assets of the province.

Jewel USD (JUSD) will be the first stablecoin dollar-linked issued in Bermuda. The stablecoin will work on the Polygon blockchain, first transactions will be available to institutional clients, and later they will become available for commercial payments and individuals.

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.

The Hong Kong Monetary Authority has published a study indicating stablecoins not only transmit but also magnify crypto volatility effects on traditional financial markets.

After the collapse of FTX, the stablecoin from Tron lost its peg to the dollar and has not yet returned to normal. On December 12, the USDD deviated strongly from the dollar, the price of the stablecoin was about 97 cents.

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.