Tether Holdings Limited – the company behind the largest stablecoin USDT – revealed a net profit of around $700 million in the fourth quarter of 2022. It ended last year with excess reserves of $960 m...
Tag: Tether
Tether Reports $700M in Profits Despite ‘Tumultuous End to 2022’: CTO
Tether, the issuer behind the industry’s largest stablecoin USDT, continues to hold enough reserves to back the token despite processing $21 billion in redemptions last year, according to its latest a...
Stablecoin giant Tether records surprise $700 million profit
Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars. Justin Tallis | Afp | Getty Images Tether on Thursday published its latest quarterly financials, with the world’s top ...
Tether Books Profit Of $700 Million, Exceeds The Expectations
Tether has reported 700 Million Dollar in the fourth quarter of 2022 in a report on its website Tether currently no longer holds any commercial paper or any short-time unsecured loan and has met its d...
Justin Sun strengthens ties to Tether and Hong Kong
Tron founder and Poloniex investor Justin Sun is continuing to pad his colorful crypto industry resume, this time turning his attention to once-giant Chinese crypto exchange, Huobi. The exchange recen...
Tether reports $700 million Q4 net profit in latest attestation report
Stablecoin issuer Tether released its latest attestation report on Thursday, reporting a profit of $700 million in the fourth quarter of 2022, which it reinvested into its reserves. “Tethe...
Tether (USDT): ultime news sulla stablecoin
Tether (USDT), the asset-backed cryptocurrency stablecoin, is among the three crypto companies that have pledged 5 million TRY to help Turkey after the earthquake. Joining it, Bitfinex, Keet and Synon...
Tether (USDT) Users Experience Transaction Outage
Crypto users facing issues with Tether transactions. While the USDT transaction failed, the fee was detected. After “TRON’s Proposal No. 83, to activate dynamic energy”, which becomes active on the 5t...
Just four men controlled 86% of stablecoin issuer Tether Holdings Limited
According to data obtained by The Wall Street Journal in connection with investigations being carried out by authorities in the United States, as of the year 2018, only four people owned 86% of the st...
Only 4 people controlled Tether Holdings as of 2018: Report
Just four men controlled 86% of stablecoin issuer Tether Holdings Limited as of 2018, according to documents obtained by The Wall Street Journal in connection with United States authorities investigat...
Only Four Men Control 86% of All Tether (USDT) Assets in 2018
Tether CTO has rejected WSJ’s investigative report calling it a “clown article”. The report highlights the massive concentration of USDT control in the hands of a few. On Thursday, February 2, the Wal...
86% of Tether was concentrated among four people till 2018
A report by WSJ revealed that 86% of Tether was controlled by four people as of 2018. The USDT issuer has disclosed very little about its operations and ownership structure. A new report by the Wall S...
$68B Tether USDT Market Was Controlled by Four Individuals as of 2018: WSJ Report
The largest stablecoin in the crypto industry Tether (USDT) has grown exponentially since its inception in 2014. With approximately 68 billion Tether units in circulation, USDT enjoys a higher daily t...
Tether is Owned by Scant Experienced Founders, Says Report
Tether is reportedly controlled by a scant experienced bunch of founders. These founders control 86% of Tether holdings. The documents that back the claims were shared by the Wall Street Journal. Acco...
Did Tether Really Borrow $2 Billion From Celsius?
Join Our Telegram channel to stay up to date on breaking news coverage Stablecoin issuer Tether has denied claims that it borrowed $2 billion from failed cryptocurrency lender Celsius, following a nea...
Tether CTO denies borrowing from bankrupt lender Celsius
According to its chief technology officer, the company behind Tether (USDT), the world’s largest stablecoin by market capitalization, has never received any loan from the bankrupt cryptocurrency lende...
Tether Denies Receiving Any Loans From Celsius
The company that is responsible for the most valuable stable coin in terms of market capitalization, Tether (USDT), alleges that they have never received a loan from the defunct cryptocurrency lender ...
Tether denies it borrowed $2B from Celsius, as described in court report
Stablecoin issuer Tether is pushing back against assertions that it borrowed funds from failed crypto lender Celsius. According to a nearly 700-page report filed Tuesday from court-appointed ex...
Tether CTO debunks alleged $2 billion loan from bankrupt crypto lender Celsius – Cryptopolitan
On January 31, Paolo Ardoino—the Chief Technology Officer of Tether and Bitfinex crypto exchange— cleared things up on Twitter regarding USDT’s relationship with Celsius. He stated that they have neve...
Tether denies borrowing from bankrupt Celsius
Tether’s (USDT) chief technology officer Paolo Ardoino has denied that the stablecoin issuer took a loan from Celsius in a Jan. 31 tweet. Ardoino responded to a Twitter thread on the Celsius exa...
Tether (USDT) becomes the leading stablecoin
It’s official: Tether (USDT) is the leading stablecoin in emerging markets around the world. Tether has partnered with ATM companies to make USDT available at more than 24,000 ATMs in Brazil as of Nov...
Tether, Bitfinex, Hypercore-backed Holepunch launches Keet Mobile
Holepunch, which happens to be a completely encrypted platform, for the creation of peer-to-peer applications, came out with their official announcement of having launched Keet Mobile. This, in turn, ...
Tether Gold Price Analysis: Can bears stop the bulls from continuing their uptrend?
Token has shown bullish actions in previous sessions. XAUT is trading above the 50 and 200 EMA on a daily time frame. Tether Gold (XAUT) prices have formed higher highs and lower lows, indicating a st...
The collaboration between Tether and INHOPE
In recent hours, Tether, the stablecoin backed by liquid assets, announced that it will collaborate with INHOPE, the leading global network fighting online child pornography (CSAM). Tether will work w...
Tether moves to combat child abuse content marketplaces
Tether aims to increase visibility and mitigate controls of cryptocurrency payments used in child abuse content marketplaces through a collaboration with INHOPE. The stablecoin operator will work wit...
Tether and INHOPE Join Forces to Fight Child Abuse Material Online
Tether is hoping that by collaborating with INHOPE, it will be possible to increase the visibility of bitcoin payments used in content marketplaces that promote child abuse and make it simpler for aut...
BudBlockz’s features move it ahead of bitcoin, ethereum, and tether
The past year was turbulent for the crypto industry. Most tokens fell, with only a handful posting gains. Prices were affected by several factors, including projects’ performance and investors’ sentim...
IoT, Solana Comeback and Tether
Crypto News: Here are the most popular stories from across the cryptosphere as featured in BeInCrypto this past week. Top 5 IOT Projects in 2023 One of BeInCrypto’s most popular articles over the past...
Could Binance Eliminate Tether? – The Cryptonomist
Yesterday Kaiko released a report on stablecoins in which it states verbatim that there is a non-zero possibility that Binance will phase out USDT. The report, edited by Riyad Carey, specifically ana...
The performance of Tether and USD Coin
Research analysts at Nansen, have compiled an overview of the performance of the top stablecoins over the past year, revealing that in first place is Tether and in second place is USD Coin. The repor...
Bitcoin stays above $21,000; Silvergate, Coinbase pare earlier gains
Silvergate and Coinbase popped at the open after the crypto-friendly bank reported earnings as traditional markets were mixed. Bitcoin was trading at $21,300 at 10 a.m. EST, up 2.3% over the pas...
Tether surpasses Visa in trading volumes
Tether USDT processed $18.2 trillion in transactions in 2022, placing it ahead of traditional payment processors such as Visa and Mastercard, according to a tweet from 14 January. In comparison, Maste...