Tether Freeze Raises Stablecoin Centralization Concerns
After law enforcement agencies identified illegal activity, stablecoin issuer Tether froze $85,877 worth of its flagship USDT coin. The freeze followed a user’s report that their Binance account has been hacked and their USDT was drained. However, this freeze is relatively small compared to the firm’s recent larger-scale actions. In June, Tether froze $700 million […]
A Fragmented Accounts Payable Process Is a Liability in More Ways Than One
At best, an inefficient accounts payable process can result in delayed payments or limited visibility into spending. At worst, it could lead to misrouted payments and an increased probability of fraud. Yet many organizations still rely on outdated AP processes—jeopardizing relationships with the suppliers that keep their business moving. In a recent PaymentsJournal podcast, Marchelle […]