Stablecoins Statistics: Everything you need to know from types of stablecoins, total market cap to transaction volumes, regulations and emerging models.

The dominance of Tether’s USDT is rising among stablecoins amid an on-going shake-up of the $136 billion stablecoin market.

Leading stablecoin issuer Tether has once again slammed mainstream media, The Wall Street Journal, for publishing a report that claimed the firm and its affiliates falsified documents and shell companies to open bank accounts about four years ago.

The latest report from Wall Street Journal on Sunday, March 5, shows that Binance once devised a plan to avoid any regulatory scrutiny in the United States.

The company behind stablecoin Tether has rebuffed a report by The Wall Street Journal claiming it had ties to entities that faked documents and used shell companies to maintain access to the banking system. On March 3, the WSJ reported on leaked documents and emails purportedly revealing that entities tied to Tether and its sister cryptocurrency exchange Bitfinex faked sales invoices and transactions and hid behind third parties in order to open bank accounts they otherwise may not have been able to open. In a March 3 statement, Tether called the findings of the report “stale allegations from long ago” and “wholly inaccurate and misleading. (Cointelegraph)

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Tether states the Wall Street Journal’s report about stale allegations from long ago is wholly inaccurate and misleading.

On March 3, the Wall Street Journal claimed that “Tether Holdings and [a] related crypto broker obscured identities” as evidenced by documents it has obtained.

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Since the earliest days of the cryptocurrency industry, Tether, the issuer of the world’s largest stablecoin by market capitalization, USDT, has been shrouded with controversies and numerous accusations. What comes as the latest blow to the growing stablecoin maker, a report by WSJ states that the company leveraged falsified documents and shell companies to gain banking access at a time when they were facing difficulty to access the global banking system.