Tether is pushing USDT into a cracking $3 trillion Wall Street debt machine as defaults hit five-year highs at major funds

The USDT issuer will originate and advise on deals while Fasanara manages the $400 million-backed fund, which targets up to $3 billion from outside institutions. The post Tether is pushing USDT into a cracking $3 trillion Wall Street debt machine as defaults hit five-year highs at major funds appeared first on CryptoSlate.
Key Takeaways
- The USDT issuer will originate and advise on deals while Fasanara manages the $400 million-backed fund, which targets up to $3 billion from outside institutions.
- The post Tether is pushing USDT into a cracking $3 trillion Wall Street debt machine as defaults hit five-year highs at major funds appeared first on CryptoSlate.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3

Paolo Ardoino says 650 million people decentralized US debt, but Tether still controls the T-bills
USDT spreads dollar claims and Treasury funding demand while Tether keeps reserve ownership, portfolio control and gains above face value. The post Paolo Ardoino says 650 million people decentralized US debt, but Tether still controls the T-bills appeared…

Indian agri warehouse giant is putting $2 billion in grain-backed loans onchain
Arya.ag is using Avalanche technology to tokenize grain deposits to help lenders verify crops backing agricultural loans.

Bitcoin sell-side risk returns to rare lows as $80K sellers fade from view
Bitcoin investors showed little sign of panic selling as BTC held most of its August gains and sell-side risk fell to rare lows, data showed.