With the start of 2023, the crypto industry has started seeing price improvements, and with it, a number of more additional activity in the sector. While some has been good, and some bad, there is no ...
Tag: Tether
VIDEO: What’s up with Tether in this post-BUSD world? Tether CTO Paolo Ardoino joins the podcast
A lot has changed since I hosted Tether CTO Paolo Ardoino on the Invezz podcast last October. Just a couple of weeks after we spoke, FTX collapsed in a development that few saw coming. Within a coupl...
Tracking a Novel Scheme to Launder Tether on Tron Blockchain
Around $775,000 of stablecoin USDT was allegedly stolen in a phishing scheme on the Tron network, according to an investigation by risk assessment firm Global Ledger. Global Ledger claims the funds we...
Meet Heka Funds, the Tether whale that never stops giving
Earlier this month, Tether Holdings Limited reported a 2022 Q4 profit of $700 million and excess reserves of $960 million. The report couldn’t be independently verified but if true, these figures woul...
Stablecoin Tether gains market cap from BUSD
CryptoCompare’s new report highlights the performance of stablecoins in February, in particular the stablecoin BUSD, which suffered an 18% decline in market cap, and Tether (USDT), which benefited fro...
Stablecoin: to Reuters, the winner is Tether
Today, Reuters published an article by Medha Singh and Lisa Pauline Mattackal in which they bluntly state that the winner in the stablecoin market so far is Tether. Indeed, looking at the changes in t...
Bitcoin slips as altcoins lead drop in prices
Markets • February 21, 2023, 8:31AM EST Cryptocurrency prices dipped over the past 24 hours. Altcoins experienced a sharp sell-off, with Polygon’s MATIC down about 5% as the project announced jo...
Tether Tops In Terms Of Stablecoin Market Cap
The Securities and Exchange Commission (SEC) has always been on Crypto crackdown on crypto companies and 2023 crypto crackdown started with Kraken. The SEC charged Kraken for not registering their sal...
Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals
The United States Securities and Exchange Commission (SEC) plans to sue Paxos for issuing and listing its Binance USD (BUSD) stablecoin, benefitting its top-rival, Tether (USDT), whose market capitali...
Tether USDT Stablecoin Gains $1 Billion as Paxos Burns Over $1.8B of Binance USD Stablecoins
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Tether (USDT): stablecoin capitalization +1 bln
The problems faced by the stablecoin Binance USD (BUSD) are benefiting USDT (Tether). Indeed, yesterday USDT’s market capitalization rose from $68.5 billion to $69.5, thus growing by about a billion i...
Curve Pools Drained of Tether as BUSD Holders Dump Stablecoin
Stablecoin holders have drained BUSD liquidity from Curve Finance’s busdv2 liquidity pool as issuer Paxos faces regulatory upheaval. Investors increased the proportion of BUSD in Curve’s pool from 69%...
Tether Nears 50% Of Stablecoin Market, Highest in 14 Months
Tether (USDT) is once again coalescing as crypto’s pegged token of choice, with its stablecoin market share nearing 50% for the first time since December 2021. The top stablecoin issuer has deployed a...
Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments – Altcoins Bitcoin News
While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-No...
Tether Mints 1 Billion USDT Amid Bitcoin (BTC) Price Drop and Binance USD (BUSD) Scandal
Gamza Khanzadaev 1 billion USDT minted by Tether and fear and doubt surrounding Binance USD (BUSD) intensifies As reported by Whale Alert, stablecoin issuer Tether has minted another billion USDT. The...
Tether dominates Brazil as bitcoin, ether fall out of favor
In a country where economic instability is as common as coconuts, Brazilians appear to favor the stablecoin tether as their cryptocurrency of choice. The federal tax authority, which compiles data fro...
Tether Holdings Hires Major Wall Street Firm to Manage Treasury Portfolio
According to a story published on February 10 by The Wall Street Journal, stablecoin issuer Tether Holdings has contracted the services of a prominent Wall Street business in order to manage its portf...
Tether taps Cantor Fitzgerald to help oversee bond portfolio: Report
Stablecoin issuer Tether Holdings is relying on the services of a major Wall Street firm to manage its Treasury portfolio, according to a Feb. 10 report by The Wall Street Journal. Citing sources fam...
Stablecoins Are Big Business: Tether Profits $700M in 3 Months
As major crypto companies bleed cash through the bear market, stablecoins such as tether (USDT) have apparently emerged as incredibly profitable. Tether, issuer of the largest stablecoin by circulatin...
Tether Utilizing Services of Cantor Fitzgerald for Managing Bond Portfolio
8 seconds ago | 2 mins read Altcoin News Cantor Fitzgerald is assisting Tether in managing a $39 billion bond portfolio. The USDT issuer had effectively cut off its exposure to commercial paper. Accor...
Tether emerges from crypto winter with $700 million Q4 profit
Generally beleaguered throughout 2022, Tether has managed to improve its financial situation drastically and top it all with a $700 million Q4 net profit. Commercial paper backing FUD upon FUD (fear, ...
Tether Has Moved Reserves to Capital Union and Two Other Firms
Tether has moved $37 billion of its reserves to Capital Union Bank in 2021. The transfer of the share followed the company’s settlement with the New York Attorney General’s office. The company has als...
Tether Reveals Profit Figures for First Time
Alex Dovbnya Tether Holdings, organization behind most prominent stablecoin, reported significant boost to reserve that supports globally traded digital asset USDT Tether Holdings, the company behind ...
Tether Completes Reserves Attestation by Major Global Accounting Firm
The completion of the reserves attestation for the cryptocurrency Tether has been accomplished with flying colors by the prestigious international accounting firm BDO. The attestation that Tether is t...
Tether eliminates commercial paper from reserves, CTO boasts profit
Tether recently published an independent attestation report put together by accounting giant BDO Italia. The report revealed that the USDT issuer had eliminated its exposure to commercial paper as of ...
Top Stablecoin Tether (USDT) Reports $700,000,000 Profit and Zero Commercial Paper Holdings in Q4
The latest attestation report of global accounting firm BDO backs up stablecoin issuer Tether’s claim that it finally eliminated commercial paper holdings from its reserve in Q4 of 2022. BDO’s indepen...
USDT Issuer Tether Reports $700 Million Profit in Q4 2022
9 hours ago | 2 mins read Editors News At the end of the year, Tether had no commercial paper outstanding. Paolo Ardoino said that Tether is increasing spending on education. According to its most rec...
Tether Has Surplus Reserves Worth $960M, BDO Confirms
Attestation firm BDO confirms that Tether has assets worth at least $67 billion and minimum surplus reserves of $960 million. BDO’s “assurance opinion” confirms the validity of Tether’s December 2022 ...
Tether Reports $700 Mn Profit, Ends Commercial Paper Exposure
Tether Holdings Limited, issuer of the world’s largest stablecoin USDT, on Thursday reported a $700 million profit made in the fourth quarter, as per its latest attestation report. The consolidated as...
As Security Regulators Hire, Justin Sun Promotes Tether in Hong Kong
Justin Sun is strengthening ties between Tether and Hong Kong. The Securities and Futures Commission of Hong Kong hired four more personnel. Sun revealed his aim to involve Huobi and Tron staff in Hon...
Stablecoin Tether (USDT) profits and reserves
The most prominent stablecoin in the crypto ecosystem, Tether (USDT), has recently revealed its profits worth $700 million during the last phase of 2022. The data was provided by BDO, a leading global...