NEW YORK -- Altria Group, which owns Richmond-based Philip Morris USA, said today that a report of its impending acquisition of UST was "pure speculation." Analysts said the deal makes perfect sense.

MyConstant founder Duy Huynh was accused of misusing investor funds to buy UST. When the stablecoin collapsed in May 2022, around $7.9 million of MyConstant investors' funds were lost Huynh has agreed ...