Today's highlights include USDT issuer Tether taking a leap into payment processing through an investment in Georgia. In other news, Binance is streamlining its workforce, laying off non-performers amid its shrinking market share. We also have Hong Kong and UAE central banks joining hands to develop cryptocurrency rules and promote fintech. Meanwhile, the Trust Reserve stablecoin team faces legal troubles as they're detained in China. Finally, we've got the UAE ready to implement AML rules for digital assets.
