FUD around Tether continued to grow as it didn’t provide audited financial reports Tether’s transaction count declined while active addresses witnessed a rise According to a recent report by the Wall ...
Tag: Tether
Tether co-founder is defensive on USDT transparency
Tether co-founder Reeve Collins defended the company’s perceived lack of transparency, stating Tether has always redeemed every token for “exactly one dollar” despite having no clear proof of reserve....
Tether Founder Responds To Concerns Over Not Publishing USDT Reserves
Following the crypto winter in the first half of 2022 and the collapse of the Terra ecosystem, many investors had a paradigm shift with stablecoins such as Tether. Unfortunately, too many such coins h...
“Why Doesn’t Tether Publish USDT Reserves” : Founder Responds
According to a recent report, Tether, the issuer of the USDT stablecoin, has been increasingly lending its own coins to customers rather than selling them for cash. Further, it also states that, the ...
Tether Co-founder Defends USDT Reserve Claims Post FTX Collapse
9 seconds ago | 2 mins read Altcoin News Reeve Collins addressed the claims in an appearance on CNBC’s SquawkBox. Tether has periodic audits conducted for government agencies as per Reeve. The company...
Tether Co-Founder Says SBF Should End Up In Jail
– Advertisement – Reeve Collins blames FTX founder for the exchange’s collapse. Top cryptocurrency stakeholders are still commenting on the FTX debacle, which left almost a million users s...
Tether Hits Back at WSJ, Claims Its Loans Are ‘Overcollateralized’
Tether has stated that its secured loans are heavily collateralized in response to a recent report claiming Tether-led trouble in the sector. The Wall Street Journal notes in its report that Tether ...
Tether Responds to Media FUD Regarding Rising Loan Risk
On Dec. 1, the Wall Street Journal published another attack on the crypto industry, targeting Tether this time. The outlet claims that the company has “increasingly been lending its own coins to custo...
The first month of Bitcoin and Tether in Lugano
After a first month of using Tether and Bitcoin cryptocurrencies in Lugano stores, the business owners said they have yet to see anyone using the aforementioned coins to make purchases. As anticipate...
Tether And USD Coin Stuck In Bearish Winds, As Snowfall Protocol (SNW) Races To The Top!
With crypto investors increasingly looking to minimize risk while combating inflation, stablecoins have emerged as one of the most popular choices. Stablecoins are cryptocurrencies pegged to the value...
Why Stablecoins like Tether are Blockchain’s most meaningful offering yet
Every Tether token is backed by a fiat currency. A crypto winter has gripped the industry since late last year. Stablecoins are the most meaningful asset this industry has offered. While the crypto in...
Tether Remains Far-Far Away From Genesis Contagion
After the collapse of FTX and the halt of withdrawals, Genesis Global Trading has mentioned bankruptcy as a potential option. Tether has confirmed that it has no exposure to Genesis and Gemini Earn. U...
USDC and Tether Are Plunging, Here’s Reason Why
Arman Shirinyan Two biggest stables on market are rapidly losing their capitalization, and there are numerous reasons The market capitalization of the two biggest stablecoins on the market is down mor...
Tether vs. USD Coin on-chain data reveals two very different stablecoins
USD Coin (USDC), a stablecoin issued by the U.S.-based Circle Financials Ltd, is taking the lead over its top rival, Tether (USDT), when it comes to institutional adoption, according to on-chain data....
Was Tether at the center of Sam Bankman-Fried’s empire?
Out of all the companies in the crypto industry, the demise of Sam Bankman-Fried’s (SBF) crypto exchange FTX was the most likely to pull stablecoin Tether (USDT) down with it. Tether has always mainta...
The collapse of Binance or Tether will be “Game Over” for crypto: Shibetoshi
The developer of Dogecoin, Shibetoshi Nakamoto trusts that a collapse of the crypto exchange like Binance and the stablecoin-issuer Tether can seriously damage the crypto industry completely. He also...
Tether Or Binance’s Failure Could Mark The End Of Cryptocurrency – Dogecoin Founder
To allay the concerns of global investors Dogecoin’s founder, Shibetoshi Nakamoto believes that the collapse of either the cryptocurrency exchange Binance or the stablecoin issuer Tether might drastic...
Is Alameda’s failure a risk to Tether?
After Alameda’s big downfall related to the FTX exchange, many questions and doubts have been raised about the soundness of Tether’s issuance of the USDT stablecoin. In particular, there has been exte...
Stablecoin Issuer Tether Explains How FTX and Alameda Collapse Has No Effect on USDT
Tether, the largest stablecoin issuer in the world, has released a statement assuring investors that USDT is in no way affected by the meltdown of crypto exchange FTX and its trading arm Alameda Resea...
If Binance or Tether Collapse, it’s Game Over for Crypto, DOGE’s Founder Says
Dogecoin’s Shibetoshi Nakamoto believes a potential crash of the crypto exchange Binance or the stablecoin-issuer Tether could severely destabilize the entire industry. He also advised people to do ap...
Tether to Transfer $1B USDT From Solana to Ethereum Network
Altcoin News From its all-time high of $256, it has dropped 95 percent to its current price of $12.96. Solana has taken a significant hit post the FTX fall. To move USDT from the Solana blockchain to ...
Solana Loses $1 Billion in USDT to Ethereum in Tether Chain Swap
Stablecoin issuer Tether today announced a $1 billion chain swap to convert USDT it had on the Solana blockchain to the Ethereum blockchain. The announcement comes as Solana, which just weeks ago ran...
Peter Schiff Warns of “Tether Run,” Says Bitcoin May Follow
Cryptocurrency and Bitcoin critic Peter Schiff has taken to Twitter to share what he believes is ominous for the third largest cryptocurrency and biggest stablecoin, Tether (USDT). Schiff shared a Coi...
Tether Ditches Solana, Performs $1 Billion USDT Swap
In a backward move for the Solana ecosystem, stablecoin issuer Tether is set to swap 1 billion USDT on Solana for ERC20 tokens for use on Ethereum. After the news, the price of SOL fell roughly 0.03%,...
Tether says it’s moving 1 billion USDT from Solana to Ethereum
Tether, the issuer of the USDT stablecoin, said it was conducting a chain swap to move 1 billion USDT from Solana to Ethereum. The chain swap will reduce the total amount of circulating USDT on ...
FTX Fraud Pushed Traders Into Stablecoins: Galaxy
As risk-off sentiment continues to dominate cryptocurrency trading patterns, investors are putting more money into what they hope is a safe haven: stablecoins. Stablecoin trading volume has been on th...
Exchanges rushed to show proof of reserves. It’s not enough.
Centralized exchanges still standing after the fall of FTX rushed to show proof of reserves. It’s a nice show, but it’s not enough, experts say. Proof of reserves — or showing exactl...
Tether Ensures No Risk From USDT on Solana, SOL Tanks Further
The world’s largest stablecoin issuer, Tether, has ensured that there are no risks from USDT on the Solana network. On Nov. 18, Tether issued a statement that Alameda issued USDT was safe from any con...
Tether says it has no exposure to Genesis Global or Gemini Earn
Tether issued a short statement on Nov. 16 saying that it has no exposure to institutional crypto lender Genesis Global or the Gemini Earn program after the announcement that Genesis Global and the Ge...
What Makes Tether The King Of Stablecoin?
USDT has a market cap of $68 Billion with 82% reserve in cash and cash equivalents. Tether has cut the commercial paper exposure by $24 Billion. Meanwhile, the CTO of Tether has announced in the past ...
Crypto stocks sink lower as cryptocurrencies tread water
Crypto prices were treading water on Thursday while stocks led equity market losses. Bitcoin gained 0.2% to $16,501 over the past day, while ether shed 0.3% to trade at $1197, according to data via C...
Gemini, OKX, Crypto.com experienced ‘severe’ outflows as stablecoins see exodus: JPMorgan
Gemini, OKX and Crypto.com experienced “severe” outflows over the past week while a declining stablecoin market shows an investor exodus, according to analysts at JPMorgan Chase. Exc...