Deposits and withdrawals of USDT among gambling websites through crypto payment platforms are on the rise, according to a report from Wu Blockchain, authored by Bitrace. A study of 20 active online g...
Tag: Tether
USDT issuer Tether would stop making secured loans in 2023, thanks to FUD
USDT has been battling FUD around it in recent months as a result of its exposure to collapsed projects like FTX. Tether has made a move to reduce its secured loan to ensure the stability of the token...
Tether to reduce secured loans to zero in 2023 amid battle against FUD
The world’s largest stablecoin issuer, Tether, has pledged to eventually stop the practice of lending out funds from its reserves, saying it is “mission critical to restore faith” in the crypto ...
Tether addresses recent FUD, to reduce loans in 2023
Tether Holdings has issued a blog post to address the recent FUD around its loans status. The crypto firm planned to settle all active loans by 2023 and urged customers to avoid FUD-generating rumors....
USDT Stablecoin Issuer Tether Pledges to Eliminate Loans by 2023
11 mins ago | 2 mins read Altcoin News As of September 30th, the company claims that it has loaned out $6.1 billion. The company’s total assets surpassed $68 billion in the third quarter alone. In lig...
CFTC considers Bitcoin, Ethereum, Tether to be commodities
The U.S. Commodity Futures Trading Commission (CFTC) stated in its Dec. 13 court filing against FTX founder Sam Bankman-Fried that digital assets like Bitcoin(BTC), Ethereum (ETH), and Tether (USDT) a...
Will This Move By Tether Finally Put All FUDs To Rest?
With mounting concerns over Tether’s growing number of secured loans and it being a reason for the stablecoin issuer’s eventual demise, Tether came out with an official announcement later today. The c...
Tether to reduce secured loans to zero by 2023
Tether (USDT) said it would remove its secured loans in its reserves by 2023, according to a Dec. 13 blog post. A Dec. 1 Wall Street Journal report said Tether’s secured loan was 9% (roughly $6.1 bill...
Tether Responds to FUD, Promises Zero Secured Loans in 2023
Tether is back again with criticism of the mainstream media, which has once again called out the stablecoin provider for having potentially unreliable reserves. In response to the “recent cycle of Tet...
Tether vows to remove secured loans from its backing
Tether intends to remove all secured loans from its backing in 2023 after The Wall Street Journal said that the stablecoin operator’s increasing roster of loans might make it unable to pay back ...
Tether helps Binance swap 3 billion USDT to Ethereum from Tron
Tether announced that it’s assisting crypto exchange Binance with a “chain swap,” which involves converting 3 billion USDT to the Ethereum network from the Tron network. “In a few m...
‘Thunder Attack’ Busts $1.7B Tether-fueled Money Laundering Ring
Chinese authorities say they’ve arrested 63 people in a self-styled “thunder attack” on a money laundering gang suspected of washing more than $1.7 billion via crypto. In a coordinated bust, the Horq...
Coinbase takes a shot at Tether, encourages users to switch to USDC
United States-based cryptocurrency exchange Coinbase has asked its customers to convert their Tether-issued USDT (USDT) stablecoin to USD Coin (USDC), a USD-pegged stablecoin issued by Circle and co-f...
SBF Refutes He Tried to Attack Tether and “Hunted” Terra Positions of Three Arrows
Join Our Telegram channel to stay up to date on breaking news coverage Sam Bankman-Fried, the former CEO of FTX, has refuted many of the accusations made against him since his resignation, but he was ...
SBF Denies He Tried to Attack Tether, ‘Hunted’ Three Arrows’ Terra Positions
Former FTX CEO Sam Bankman-Fried has deflected a lot of the allegations leveled at him since his resignation, but today pointedly said he did not target Terra or Tether’s stablecoins. “I made a lot of...
Coinbase Advises Clients to Convert Tether (USDT) Into Circle’s USDC, Cites ‘Flight to Safety’
Top US-based crypto exchange platform Coinbase is issuing a warning to its customers, advising them to convert their Tether (USDT) stablecoin holdings into USD Coin (USDC). In a new company blog post,...
Coinbase Asks to Switch from Tether to USDC
USD Coin (USDC) is a collateralized USD stablecoin issued by Circle in partnership with Coinbase, while USDT issuance is handled by Tether. It is the second-largest stablecoin in the world by market ...
Tether CTO Criticizes Coinbase For Asking Users Convert USDT To USDC
Crypto exchange Coinbase has asked users to switch from Tether (USDT) to Circle’s USD Coin (USDC), referring USDC as a “trusted and reputable stablecoin.” While the major reason remains unclear, Coinb...
Coinbase Questions Tether Reserves, Aks Users To Switch
Let the stablecoin war begin! In a controversial move, leading American exchange Coinbase has urged its users to switch their Tether (USDT) to USD Coins (USDC). In a blog post titled “Switch to the tr...
Tether adds offshore Chinese Yuan to Tron blockchain
Tether Operations Limited (Tether) is a company that actively operates the blockchain-aided platform tether.to. The entity has taken the opportunity to make its formal announcement that they have succ...
Tether launches offshore Chinese Yuan on TRON
The cryptocurrency sector is still reeling from the consequences of the collapse of the crypto trading platform FTX, which was once among the top crypto exchanges in the world, and TRON (TRX) is no di...
Tether Launches Its Chinese Yuan-backed Stablecoin on Tron
According to Tether, this launch is well in line with its mission of “pioneering stablecoin technology and bringing the largest and most liquid stablecoins to global markets everywhere.” Tether Operat...
Tether Launching New Stablecoin on Tron Ecosystem
34 mins ago | 2 mins read Altcoin News Tether announced to release of the Chinese Yuan (CNH) to the Tron blockchain. Bitfinex will be the first exchange to allow the user to deposit and withdraw CNH....
Tether Launches Chinese Yuan (CNHT) On Tron
On Dec. 6, Tether, the stablecoin issuer, revealed that its offshore Chinese Yuan (CNHT) would now be available on the Tron blockchain. Using the Tron blockchain’s transport layer, Bitfinex will be th...
Tether launches yuan-pegged stablecoin on Tron
Tether announced the integration of its Chinese yuan stablecoin (CNHT) to the Tron blockchain. Bitfinex will be the first exchange to support deposits and withdrawals in the new stablecoin. Tether ini...
CZ addresses FTX narratives, Tether launches CNH₮, Terraform Labs caught dumping tokens
The biggest news in the cryptoverse for Dec. 6 includes Michael Saylor criticizing SBF, Ethereum inflation coming back, Silvergate exposure to FTX, and MetaMask addresses IP address concerns. “Fatma...
Tether launches stablecoin pegged to Chinese Yuan (CNH₮)
Tether, a leading provider of blockchain-based financial services, has launched an offshore Chinese Yuan-backed stablecoin. The new stablecoin, CNH₮, combines two of the world’s largest economies and ...
Tether launches XAUT and EURT on Huobi
Tether has announced that it will launch Tether Gold (XAUT) and Tether Euro (EURT) on the crypto exchange Huobi Global. With these two new listings, Huobi customers will have access to two new stablec...
Circle To Stay Private for Now as Rivals Gain Market Share
As Circle reevaluates its plans to go public, USD Coin has been quietly losing stablecoin market share to competitors Tether and Binance USD over the past six months. Circle currently holds about 31%...
Ethereum and Tether flow to exchanges while bitcoiners opt for self custody
Ethereum (ETH) and Tether (USDT) keep getting deposited onto centralized exchanges, while Bitcoin (BTC) holders seem to be taking matters into their own hands following the fall of FTX. Data provided ...
Former SEC official slams Tether for running a Ponzi scheme, labels firm as a ‘house of cards’
Former Securities Exchange Commission (SEC) enforcement official John Reed has questioned the implication of the alleged lack of transparency by USDT stablecoin provider Tether. According to Reed, who...
Tether Co-Founder Pressed on Lack of Transparency
Alex Dovbnya Tether co-founder Reeve Collins defended company’s perceived lack of transparency during rather heated interview with CNBC’s Andrew Ross Sorkin In a recent interview with CNBC...