Key facts: S&P Global Ratings begins Stablecoin Assessments; Tether settles $299.5M dispute; New Wallet Development Kit launched
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- S&P Global Ratings has launched Stablecoin Stability Assessments on-chain via Chainlink, providing independent risk ratings for stablecoins like Tether (USDT) to enhance market transparency.1
- Tether (USDT) settled with Celsius Network for $299.5 million, resolving claims over bitcoin collateral mishandling. This ends a legal dispute that began in August 2024.234
- Tether CEO Paolo Ardoino announced a new open-source Wallet Development Kit (WDK) with starter wallets for iOS and Android, non-custodial support, and a DeFi module for USDT.5