The Non-fungible token (NFT) bubble seemed to have busted as its number of active users fell by 88.9% and the total market cap declined by 42% from a high of $35 billion to $21 billion.

<a href="https://ambcrypto.com/?s=TRX">TRON (TRX</a>) is poised to rally further as technical indicators point to a massive uptrend. At press time, TRX was trading at $0.05349 and looked primed to break through current resistance at the 38.2% Fib level.&nbsp;

Paolo Ardoino, the Genoese behind Tether is also a son of his homeland: shy, soft-spoken, but a great capitalizer of resources.

Tether, the parent company of the USDT stablecoin, has announced its plans to launch a stablecoin pegged to the offshore Chinese Yuan (CNHT) on the Tron blockchain.

At launch, Bitfinex will be the first exchange to enable its users to deposit and withdraw CNH₮ using the Tron blockchain transport layer.

On Dec. 6, Tether, the stablecoin issuer, revealed that its offshore Chinese Yuan (CNH) would now be available on the Tron blockchain. Using the Tron blockchain transport layer, Bitfinex will be the first exchange to let users deposit and withdraw CNH₮ at launch.

Following the crypto winter in the first half of 2022 and the collapse of the Terra ecosystem, many investors had a paradigm shift with stablecoins such as Tether. Unfortunately, too many such coins have failed to provide the stability they claimed. Hence, users started demanding more transparency in the reserves of most stablecoins.

According to a recent <a rel="nofollow" href="https://www.wsj.com/articles/rising-tether-loans-add-risk-to-stablecoin-crypto-world-11669875590">report</a>, Tether, the issuer of the USDT stablecoin, has been increasingly lending its own coins to customers rather than selling them for cash. Further,&nbsp; it also states that, the crypto giant has failed to disclose its stablecoin-issued loans and raises concerns about why <a href="https://coingape.com/tag/tether/">Tether</a> doesn’t publish its full USDT reserves for transparency.

Tether co-founder Reeve Collins said he and other cryptocurrency industry members were shocked by the collapse of FTX.

On Dec. 1, the Wall Street Journal published another attack on the crypto industry, targeting Tether this time.