Tether, the company behind the largest stablecoin by market capitalization USDT, has seen a reduction in the asset’s circulating supply after investors withdrew over $7 billion from it. Investors Losi...
Tag: Tethers
U.S. court rejects Tether’s bid to conceal reserve records from the public
The petition that Tether (USDT) presented to the supreme court of the state of New York asking permission to block the public from viewing documents that explain the composition of Tether’s reserves o...
Tether’s market price slips below dollar parity amid ongoing stablecoin woes
Tether (USDT), the largest stablecoin, slipped below $0.96 early Thursday in a further sign of stress in the crypto market. The token dropped to a 24-hour low of $0.956 on FTX as of 3:15 a.m. ET. On ...
Tether’s Ardoino Backs USDT While Stablecoins Depegging Continues! What Next ? – Coinpedia – Fintech & Cryptocurreny News Media
The year 2022 isnt been very favorable for the cryptocurrency market, especially the month of April and May. Now in just a few days, the cryptocurrency market has suffered more losses following Terra ...
Tether’s USDT Stablecoin Loses Peg Amid UST Disaster
Key Takeaways Tether’s USDT has lost its peg to the dollar. USDT briefly traded as low as $0.95 before recovering to $0.99. Several other stablecoins are trading above their $1 target, while UST...
This crypto is hastily moving forward to disrupt Tether’s market share
Tether USDT has been privileged to hold top position in terms of stablecoins, but now tables seem to be turning, and other players are tucking in to its presence Out of thousands of cryptocurrencies ...
Will boost transparency and reduce commercial paper holdings: Tether’s CTO
Tether’s chief technical officer stated that the company would continue to reduce its commercial debt holdings while also increasing transparency around the reserves that back its USDT stablecoin. Why...
Tether’s USDT Launch On Kusama: Know The Impact Of Development
The largest stablecoin by market cap, Tether (USDT) launches on Kusama, the canary network of the Polkadot. Important upgrades and experiments first happen on the Kusama network before they are deplo...
Stablecoins Are The Perfect Trojan Horse For Bitcoin, Says Tether’s Paolo Ardoino
Bitfinex and Tether chief technology officer Paolo Ardoino, while speaking about crypto adoption in Europe, says stablecoins are the perfect Trojans for Bitcoin. Ardoino was speaking at the historic P...
Tether’s CTO Says It Will Reduce Commercial Paper Holdings
Key Takeaways Tether’s CTO Paolo Ardoino told CNBC that the stablecoin issuer would continue to reduce its commercial debt holdings. He also said that Tether would improve the transparency of it...
Should investors worry because of Tether’s shrinking cash reserves? –
USDT now backed by much smaller cash reserves than before USDT is the world’s largest stablecoin Tether reduced its cash and bank deposits by 42% Last month, Tether gave its most recent quarterly affi...
Tether’s Market Cap Surpasses $80 Billion, Prints $1 Billion – Trustnodes
Tether is closing in on $100 billion as its market cap surpasses $80 billion for the first time since its inception in 2015. The USD pegged token has now regained top three position, with it standing ...
A $4 Billion Hedge Fund Is Shorting Tether’s Stablecoin
Fir Tree Capital Management, a $4 billion hedge fund, is shorting Tether as the largest stablecoin in crypto faces down scrutiny from regulators. According to clients of the firm and reported by Bloo...
Circle’s USDC stablecoin gobbles Tether’s market share with 50B milestone
The world’s second-largest stablecoin by market capitalization keeps on growing as it erodes the dominance of the current leader, Tether. The stablecoin landscape is a constantly-shifting dynamic but ...
Bitcoin’s Real Price Is $30,000 Now and Tether’s $0.72: Peter Schiff Explains Why
Yuri Molchan Vocal Bitcoin critic Peter Schiff is having fun attacking Bitcoin by naming its “real,” lower than present, price Prominent Bitcoin opponent, CEO of Euro Pacific Capital and f...