Key Takeaways Tether is reducing its paper asset reserves by almost $5 billion. The company is trying to increase its share of U.S. treasury bills and intends to bring its paper holdings to zero. The ...
Tag: Tether
Response From Tether CTO On Reports Of Shorting USDT By Hedge Funds
Newly surfaced reports revealed that some hedge funds are now shorting Tether USDT. A Monday report from the Wall Street Journal (WSJ) stated several opened short positions on USDT. According to the r...
Tether CTO Paolo Ardoino Says Hedge Funds Attempting To Sabotage USDT
Tether’s chief technology officer says certain hedge funds recently attempted to spread panic and profit off shorting Tether (USDT). Tether CTO Paolo Ardoino says hedge funds helped spread rumors that...
Tether CTO Calls Out On Hedge Funds, Alleging That They Are Attempting To Short Sell
Tether CTO signifies the current short selling in the market through a lengthy Twitter thread. He alleged that the hedge fund entities are attempting to put pressure in the billions to harm Teth...
Tether CTO refutes stablecoin FUD as short-sellers circle
Tether chief technology officer Paolo Ardoino has confirmed that the stablecoin Tether (USDT) has been the subject of a “coordinated attack” by hedge funds looking to short-sell the United States doll...
Tether CTO Calls Out Hedge Funds Shorting USDT
Tether’s CTO has responded to reports that claimed that hedge funds have short bets on the USDT stablecoin. WSJ Reports Shorting Bets On June 27, The Wall Street Journal reported that hedge fun...
Tether CTO Paolo Ardoino Addresses Hedge Funds Trying to Harm USDT
Tether Chief Technology Officer, Paolo Ardoino has come out once again to address the attempt by some hedge funds to harm Tether through short selling. Ever known to be very vocal on Twitter, Ardoino ...
Tether attacked during the implosion of Terra
During the implosion of the Terra ecosystem, the cryptocurrency Luna and the stablecoin UST, some hedge funds bet big on USDT imploding as well. Recorded heavy short selling on Tether This was confir...
Hedge Funds Working to Systematically Destroy USDT’s Liquidity: Tether CTO
Today, Paolo Ardoino, Tether’s Chief Technology Officer, responded to what he described as “public and planned” attacks against USDT by several hedge funds. He stated that they might have done this to...
Tether Reduces Commercial Paper Exposure to $8.4B Amid USDT Backing Questions – crypto.news
On Monday 27th, Tether CTO Paolo Adorino explained the backing of the Tether stablecoin. Paolo Noted that the network has successfully reduced the USDT commercial paper exposure from $45 billion to $8...
Institutions Betting “Hundreds of Millions” to Short Tether (USDT)
Following the infamous crash of Terra’s algorithmic stablecoin UST, many investors and regulatory authorities have raised concerns about stablecoin generally, as they are expected to keep a 1:1 peg to...
Tether CTO Affirms Hedge Funds Tried to Short USDT
Key Takeaways Tether CTO Paolo Ardoino said today that various cryptocurrency firms have tried to short its stablecoin. Also today, Genesis Global Trading admitted that its hedge fund clients shorted ...
Tether Shorts Pile In As Hedge Funds Seek To Profit From Crypto Winter
The crypto ecosystem is still dealing with the fallout caused by the collapse of the Terra ecosystem, the company behind stablecoin USDT, Tether, is being targeted by hedge funds. Confirmed by Paolo A...
Tether responds to the increase in hedge funds shorting USDT
Tether CTO Paolo Ardoino has responded to a June 27 report by The Wall Street Journal that hedge funds have short bets on Tether’s stablecoin USDT via crypto brokerage Genesis Global Trading. The arti...
Tether CTO says portfolio is ‘stronger than ever’
Tether CTO Paolo Ardoino has reiterated the stablecoin issuer’s stance that its operations, products and portfolio is indeed as strong as ever. Ardoino’s comments, shared in a long Twitter thread on M...
Tether co-founder: FTX’s bailout of crypto firms is for the ‘good’ of the industry
Reeve Collins, co-founder of Tether and current CEO of BlockV, an NFT-focused platform, says the problems affecting crypto companies today are the “inevitable missteps” that will eventually give way t...
Tether to Launch Stablecoin Pegged to British Pound Sterling
Tether, the world’s largest stablecoin issuer, said it will introduce a token pegged to the British pound next month. The stablecoin (GBPT), according to a company statement on Wednesday, initially wi...
Tether is set to launch a GBPT stablecoin pegged to the British Pound
Tether, the company behind the USDT stablecoin, has announced plans to launch a stablecoin that will be pegged on the British Pound. Tether is famed for being behind the world’s largest stablecoin by ...
Tether To Work With UK Regulators for Launch of New Stablecoin Pegged to British Pound
The creators of a popular crypto asset designed to keep a US dollar peg now plan to expand their roster into the United Kingdom. In a new announcement, Tether says it will work with UK authorities to ...
Tether To Roll Out Token Pegged To The British Pound Next Month
Tether Operations, the issuer of the world’s biggest dollar-pegged stablecoin, will launch a new token backed by the British Pound Sterling this coming July, The development follows Tether’s recent ro...
As Tether Faces Billions in Redemptions, Circle’s USDC Is Gaining Ground
During a Crypto Winter, investors tend to stash a portion of their bull market gains in stablecoins to wait out the downturn. But over the past two months—through Terra’s UST stablecoin collapse...
Tether to Launch GBPT in July, Pegged to British Pound Sterling
Stablecoin issuer Tether Operations Limited (“Tether”) has announced plans to launch Tether tokens (“GBP₮”) pegged to the British Pound Sterling in early July. “GBP₮ will join four o...
Tether launching British Pound Sterling (GBP)-pegged token in early July
Tether, the blockchain-enabled stablecoin platform, today has announced that it will be launching Tether tokens (GBP₮) pegged to the British Pound Sterling in early July. Initial blockchain support wi...
Tether Plans to Launch Another Stablecoin Pegged to the British Pound Sterling
USDT stablecoin issuer Tether announced Wednesday its plan to launch a new stable digital currency pegged 1:1 to the British Pound Sterling. The firm disclosed that the new stablecoin, dubbed GBP₮, wo...
Tether to launch GBPT stablecoin pegged to British pound sterling
Major stablecoin company Tether is expanding its stablecoin offering with a new cryptocurrency pegged to the British pound sterling (GBP). Tether officially announced on Wednesday that its upcoming GB...
Tether to Issue Pound-Pegged Stablecoin GBPT In July
Tether appears set to roll out a new stablecoin, this time pegged to the British pound. The new stablecoin will be Tether’s fifth. Early next month, Tether will launch a stablecoin pegged to the Briti...
Tether Launches Stable British Pound Sterling GBPt
Gamza Khanzadaev Stablecoin pegged to British pound officially announced by Tether Tether announced plans to launch a stablecoin pegged to the British Pound Sterling, GBPt. Initially, the GBPt stablec...
Tether Set To Launch Stablecoin Pegged To The British Pound ⋆ ZyCrypto
Advertisement     Tether Operations Limited, the Hong Kong-based firm behind the largest stablecoin by market capitalization, USDT, has revealed plans to launch anothe...
Tether Launches Stablecoin Pegged to the British Pound Sterling – Altcoins Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
Tether Soon To Launch GBP Stablecoin
3 hours ago | 2 mins read Editors News Tether already has 4 fiats pegged stablecoin, which are USD₮, EUR₮, CNH₮, and MXN₮. The USDT market cap is estimated to be around $68 billion as per the Tether. ...
Tether to launch new stablecoin token pegged to British pound
? Want to work with us? CryptoSlate is hiring for a handful of positions! Tether, the issuer of the biggest dollar-pegged stablecoin, said it plans to expand its product lineup to include a new pound-...
Stablecoin Tether (USDT) To Undergo Full Audit From Top Firm in Bid for Transparency
Tether (USDT) will undergo a full audit from a top accounting firm, according to the stablecoin issuer’s chief technology officer. Tether CTO Paolo Ardoino tells Euromoney that a top-12 accounting fir...