Financial Services

Tether looks to move on from stablecoin reserves woes: After the blockchain-based cryptocurrency’s legal trouble with US regulators, its chief technology officer said that it’s cutting reserve exposure to commercial debt.

FIS follows its rivals’ expansion into BaaS: Its Hub product will let financial institutions (FIs) embed banking products like cards and accounts.

An Ethereum expert was given a prison sentence for helping North Korea use cryptos to evade US sanctions.