Avalanche inscriptions hype, Tether responds to UN report, TUSD depegs

In 2023, Bitcoin Ordinals drew the masses somewhat controversially, and now Avalanche has its own ASC-20 token standard in the early stages of virality. Meanwhile, a report from the United Nations put crypto on the firing line for crime in Southeast Asia and singled out Tether, which sparked an irritated response from the stablecoin issuer. Speaking of stablecoins, TrueUSD has depegged as users flock to alternatives.Further reading:Avalanche inscriptions draw record user interest amid BRC-20 hype — Zhiyuan SunUN implicates crypto in booming illicit economies of Southeast Asia — Derek AndersenTether responds to UN report about ‘illicit activity’ of USDT — Helen PartzTrueUSD stablecoin depegs as holders dump $330M in TUSD — Tom MitchelhillReferences:Gate.io guide to ASC-20 (Chinese)Tether blog post challenging UN reportSo, grab yourself a coffee, and let’s get into it!Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.