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Tag: Tether
Tether (USDT) stablecoin withdrawals top $10 billion
Tether claims its dollar-pegged token is “fully backed.” Justin Tallis | Afp | Getty Images Investors have yanked more than $10 billion out of tether in the past two weeks amid heightened ...
Investors Unsure if Tether (USDT) Will Follow Same Trend as Terra
Altcoin News In the second week of May 2022, Tether fell below the 1:1 dollar peg. Following the recent crypto crisis, Tether has paid out $10 billion in withdrawals. Terra has witnessed the most unex...
Tether and USDC to Publish Assurance Reports Weekly – Coinpedia – Fintech & Cryptocurreny News Media
The failure of algorithmic stablecoin TerraUSD earlier this month prompted investors to seek refuge in other crypto assets that try to maintain a one-to-one peg with the US dollar. Tether’s USDT brief...
Tether Combats Recent Dip With New Bullish Financial Report ⋆ ZyCrypto
Advertisement     On May 19, Tether released its latest quarterly assurance opinion showing its reserves’ strength and the relevant reductions in commercial paper inve...
Tether and how it maintained ‘stability through multiple black swan events’
The market has serious concerns with regards to the so-called “stability” of much-talked-about stablecoins. With the market still trying to find a balance post the Terra debacle, Tether published a re...
Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report – Altcoins Bitcoin News
The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Addition...
Why USD Coin [USDC] may not yet be ready to overtake Tether [USDT]
Tether [USDT] must surely feel USD Coin [USDC] breathing down its neck in terms of market cap ranking as investors look at the wreckage of TerraUSD [UST] and re-assess their stablecoin preferences. To...
This Stablecoin’s Market Cap Skyrockets Amid FUD In Tether, UST
The crypto market crash last week has vastly shaken the crypto industry, with volatility witnessed in stablecoins too. The de-peg of TerraUSD (UST) and a brief decline in Tether (USDT) saw redemptions...
Tether reduces commercial paper holdings to improve quality of reserves
Stablecoin issuer Tether said it reduced its commercial paper holdings in the first quarter of this year to improve the quality of its reserves. Tether reported today that it had reduced its commercia...
Tether Displays $82 Billion Reserves to Silence Haters
The collapse of Terra and its UST stablecoin, which happened just over a week ago, caused a real panic in the stablecoin segment. Some of them, like USDC and BUSD, were feeling pretty good, trading at...
Tether Cuts Commercial Paper Reserve by 17% for Q1 2022
Tether announced that it slashed its commercial paper holdings over the first quarter to $20 billion, plans an additional 20% reduction. Tether recently reported that it reduced its commercial paper h...
Tether CTO: LUNA And UST Were Flawed In Design But Not A Rug Pull
– Advertisement – The team at Terra has been struggling to save LUNA and UST after a sudden crash that sent the price of LUNA spilling down to pennies while UST was de-pegged from the US D...
After TerraUSD (UST) De-Pegging Scare, Tether (USDT) Releases Report Claiming It Has Fully Backed Reserves
As the most recent crypto market crash is putting the spotlight on stablecoins, one of the leading dollar-pegged tokens says its valuation remains secure. In a new post, Tether Holdings Limited announ...
Tether Cuts 17% Of Its Commercial Paper Holdings Over Q1 2022
As per the official report published on May 18, Tether, the issuer of the world’s most used stablecoin, USDT, has cut 17% of its commercial paper holdings and increased United States Treasury bills wi...
Tether launches crypto and blockchain education program in Switzerland
Switzerland’s southern city of Lugano will host a blockchain- and cryptocurrency-focused school as part of a partnership between the local government and Tether (USDT). In a Thursday announcement, Tet...
Tether reduces commercial paper – The Cryptonomist
Tether reaffirms that USDT issued are fully collateralized, with a significant 17% reduction in commercial paper among them and an increase in US Treasury bonds instead. Tether’s off-chain collaterali...
Here’s How Tether (USDT) Plans on Improving the Quality of Reserves
Tether, a stablecoin issuer, claimed in the first quarter of this year that it lowered its commercial paper holdings to strengthen the integrity of its reserves. Tether announced today that its commer...
Tether Preps Against Attack By Improving Stablecoin Reserve
Tether has announced that it has taken a series of steps to improve its stablecoin (USDT) reserve, like investing in US treasury bills as well as non-US government bonds. Tether Invests in Non-US Bond...
Why did the CTO of Tether and Bitfinex, Paolo Ardino, call Terra a ‘castle of cards’?
Fall of the Terra network has given people the chance to openly criticize the shortcomings that resulted in its collapse Another criticism Terra network received recently from Paolo Ardonio, CTO of Te...
Stablecoin Tether ($USDT) Reveals Reserves Fully Backed In New Report
Stablecoin firm Tether Holdings Limited has come out to allay fears of a possible USD/USDT decline after the stablecoin lost its peg to the US dollar last week amid $UST crash. Tether (USDT), the worl...
Tether Confirms Fully Backed Reserves in Latest Assurance Report
Tether’s USDT stablecoin is beyond fully backed, according to the latest assurance report provided by accounting firm MHA Cayman. The firm found that Tether’s total assets are worth at least $82,424,8...
New Tether Report Shows 17% Reduction in Commercial Paper
A week after its stablecoin briefly lost its 1:1 peg with the U.S. Dollar, Tether’s Q1 2022 assurance report shows it has reduced the commercial paper in its USDT reserves by 16.8%. As of March ...
Tether claims USDT stablecoin is backed by non-U.S. bonds
Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars. Justin Tallis | Afp | Getty Images The issuer of the stablecoin tether said in a report that the controversial digital curre...
Tether Cut Commercial Paper Reserve by 17% in Q1, Accountants Say
The majority of this $20.1 billion (around $18 billion) is comprised of A-1 and A-2 paper, which qualify as investment grade, according to the report. A list of ratings agencies grading the commercial...
Tether Calms USDT Depeg Fears With New Reserves Report
Key Takeaways Tether has published its Consolidated Reserves Report along with attestation from the independent auditing firm MHA Cayman. The report shows Tether’s consolidated assets exceeding ...
Tether claims it’s fully backed after the court rejects the request to conceal records
Amid overall concerns about the stability of stablecoins following the TerraUSD crash, Tether (USDT) has maintained that its reserves are strong and fully backed. Tether, through its 2022 Q1 quarterly...
Implosion Of Tether Is Closer Than Ever! Fears Over USDT Downfall Loom
Tether’s USDT market valuation has decreased by nearly $9 billion after Terra’s UST meltdown. The market saw a dramatic sell-off last week as a result of the collapse of Terra’s UST stablecoin, with U...
Tether (USDT) Supply Plummets To $74 Bln, Will It Crack Under Pressure?
Tether (USDT), the world’s largest stablecoin, saw its total supply fall sharply this month as more investors traded the token in for dollars. The trend comes in the wake of one of the worst crypto cr...
What Is Tether? Will It Fall Like UST In The Future?
Cryptocurrencies are highly volatile, making it difficult for holders to preserve asset value. It’s safe to mention that digital assets are a great way to transfer money to friends/family in different...
Interview: GlobalBlock’s Sotiriou discusses Terra meltdown & Tether contagion
Fear and panic have spread through the cryptocurrency markets all week following the shocking collapse of the Terra ecosystem. The UST stablecoin, once worth $18 billion, entirely lost its peg and bro...
Tether CTO Paolo Ardoino Comments UST Was Just Poorly Designed
4 hours ago | 2 mins read Altcoin News Segregation between centralized stablecoin and algorithm stablecoin. Stablecoins become harder to manage as they grow larger. Paolo Ardoino, CTO of Tether and Bi...