Massive redemptions for Circle’s USDC stablecoin continued on Monday, March 13, after the weekend panic and de-peg in the stablecoin. As per blockchain researcher Nansen, over $1.74 billion of USDC st...
Tag: Tethers
Stablecoins No More Stable: After USDC Depeg, Is Tether’s USDT in Trouble?
The collapse of Silicon Valley Bank (SVB) has caused worry in the crypto industry, especially for investors who use stablecoins like USDC and USDT. Let’s see how this affects these stablecoins. USDC a...
Tether’s Proposal for TRC20 to ERC20 Conversion
Altcoin News Chain swap of assets from the existing blockchain to another blockchain. 1.6 billion USDT undergoes a conversion from TRC20 to ERC20. Tether made an announcement of coordinating with Bina...
Tether’s Statement on ‘WSJ FUD’
Vladislav Sopov Team of Tether and Bitfinex dismissed report by Wall Street Journal, referring to it as ‘WSJ FUD’ Contents “Stale allegations and unfair attacks”: Tether on WSJ...
As BUSD Dies, Tether’s USDT Soaks Up Another $1 Billion
Stablecoin giant Tether saw its flagship token, USDT, grow by nearly $1 billion in the aftermath of a regulatory crackdown against one of its rivals, BUSD. The token’s market cap started out at $68.4...
Tether’s USDT Is on a Roll, Approaches 50% Market Share for the First Time Since This Year
Tether’s (USDT) stablecoin market share is approaching 50% for the first time since December 2021 and is once again consolidating as cryptocurrency’s preferred pegged token. The largest stablecoin iss...
Wall street institution Cantor Fitzgerald reportedly manages $39B of Tether’s reserves
Ad Stablecoin issuer Tether (USDT) is reportedly using Wall Street financial institution Cantor Fitzgerald to manage its $39 billion bond portfolio, Wall Street Journal reported Feb. 10. According to ...
Tether’s assets exceed liabilities in new reserves report by BDO
Tether, the issuer of the world’s largest stablecoin by market value, has completed reserves attestation by major global accounting firm BDO. The stablecoin firm released BDO’s assurance opinion on Fe...
Tether’s shareholder capital cushion is full of contradictions
Tether has released a new assurance from BDO Italia, as required by its settlement with the New York Attorney General (NYAG), revealing an increase in Tether ‘Shareholder Capital Cushion’ to over $960...
Tether’s 2022 Settlement Volume Flips Visa and Mastercard
Tether USDT processed $18.2 trillion in transactions in 2022, placing it ahead of traditional payment processors like Visa and Mastercard, according to a January 14 tweet. In comparison, Mastercard an...
Assessing Tether’s [USDT] health as whales and sharks take a bullish stance
USDT recently witnessed increased activities from sharks and whales. Tether inflow to exchanges also saw a bump. Since an 11 January report revealed Tether’s [USDT] plans to delist from the Canadian ...
A-Z of Tether’s latest rollout on the Tron network
Tether plans to roll out the Chinese Yuan on the Tron network Tether’s future plans include rolling out digital versions of existing fiat currencies Tether, the crypto company that created the USDT s...
Will Tether’s [USDT] assurance be enough to calm the FUD
Tether released a statement to address the FUD surrounding USDT Weighted sentiment saw an uptick, transaction count fell Owing to the uncertainty being fueled by FTX’s collapse, many members of the cr...
This Cryptocurrency Critic Identifies a Drop in Tether’s Market Cap! What This Mean For Crypto Market
As worries about contagion risks persist, the cryptocurrency market has been under a lot of pressure recently. This happened after FTX, the second-largest cryptocurrency exchange in the world after Bi...
Tether’s CTO Paolo Ardoino Has No Plans Pulling Up Falling FTX
2 hours ago | 2 mins read Exchange News FTX is currently at a $9.4 billion deficit and is facing liquidity crunch. Tether informed the community that it has no exposure to Alameda or FTX. More than on...
Amid FTX Rumors Tether’s USDT Peg Of $1 Wobbles
The crypto market still seems to be in the grasps of FTX and Alameda. Currently, rumors are circulating that Tether’s stablecoin USDT might be more affected by the downfall of FTX than it would like t...
Tether’s USDT falls 1% below dollar peg amid market uncertainty
USDT, the stablecoin issued by Tether, has fallen 1% below its peg to the U.S. dollar today amid ongoing market turmoil. The largest stablecoin on the market fell to $0.9911 today, according to...
Can USDT’s market cap sail Tether’s boat through the ongoing market turmoil
The USDT transaction volume reached a new high over the last four months according to Glassnode’s latest tweet posted on 7 November. With multiple factors in favor of USDT, it appears that the stablec...
Tether’s Paolo Ardoino Says Bitcoin Adoption in Lugano, Switzerland, Going Well
Ardoino and Foletti said that in addition to adoption, there are two other prongs to Lugano’s Plan B – education and this week’s forum. On the education front, the Plan B Summer School at Lugano’s Fra...
Is LEO token manipulating Tether’s balance sheet?
Rumors of unusual trading activity by Unus Sed Leo (LEO), a token connected to Tether (USDT), are recirculating. Odd price movements and repetitive trades have led to speculation that traders with an ...
Tether’s latest update could impact USDT in a positive way
Late in September, Tether made headlines when a judge ordered the company to reveal what is likely to be crucial documentation for any evaluation of USDT’s backing with U.S. dollars. The court found t...
Tether’s commercial paper holding slashed to under $50 million
Join Our Telegram channel to stay up to date on breaking news coverage Tether has recently seen a number of important changes, including the efforts to become more transparent, an increase in the numb...
U.S. Treasury bills now make up more than half of Tether’s reserves
U.S. Treasury bills account for 58.1% of stablecoin issuer Tether’s reserves, the firm’s CTO, Paolo Ardoino, said on Monday. Throughout 2022, Tether has repeatedly made it known that it pl...
Friedman, Former Tether’s Auditing Firm, Faces Over $1.6 In Penalty By SEC
The U.S. Security and Exchange Commission (SEC) sued and set charges of 1 million USD as a monetary penalty against Friedman LLP, the former auditing firm of Tether. Although the stablecoin issuer Tet...
SEC Fines Tether’s Former Auditor $1.5M for ‘Improper Professional Conduct’
The U.S. Securities and Exchange Commission has fined Tether’s former auditing firm, Friedman LLP, to the tune of $1.5 million, according to an order issued Friday. The regulator found the accounting...
3 reasons why USDC stablecoin dropping below $50B market cap is Tether’s gain
The market capitalization of USD Coin (USDC), a stablecoin issued by U.S.-based payment tech firm Circle, has dropped below $50 billion for the first time since January 2022. On the weekly chart, USDC...
Tether’s USDT stablecoin goes live on Polkadot
Tether Limited has launched its USD Tether (USDT) stablecoin on Polkadot, an interoperable network connecting several proof-of-stake blockchains. Tether announced on Friday that the stablecoin was now...
Tether’s response when a NY judge asked for financial documents showing the backing of USDT
A recent discovery unmasked a claim that refers to the issuance of unbacked USDT by Tether. This unbacked currency circulating in the market has caused turbulence and damage of $1.4 trillion. A NY jud...
Will price manipulation lawsuit expose Tether’s reserves?
Listen to this article. In the ongoing class action lawsuit against Bitfinex and Tether for alleged cryptocurrency price manipulation, the court has ordered that both companies produce financial docum...
Tether’s USDT stablecoin launches on Near blockchain
Tether has launched its USDT stablecoin on Near, a Layer 1 proof-of-stake blockchain that promotes its usability and scalability. Near is the 13th blockchain to host USDT, after Ethereum, Solana, Aval...
Tether’s Lead Over USDC Hits $16B as Binance Moves to Limit Stablecoin Competitors
For a while there, it looked like Circle’s USDC stablecoin was within range to overtake Tether, its biggest competitor. Starting in June and through the end of July, the gap between the two stablecoin...
Poloniex and Bittrex Join Tether’s War Against Roche Freedman – crypto.news
Legal counsel representing crypto exchanges Bittrex and Poloniex has joined the calls for the Roche Freedman law firm to be terminated from the ongoing lawsuit following the controversy trailing the f...