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Tag: USDT
Tether Reduces Commercial Paper Exposure to $8.4B Amid USDT Backing Questions – crypto.news
On Monday 27th, Tether CTO Paolo Adorino explained the backing of the Tether stablecoin. Paolo Noted that the network has successfully reduced the USDT commercial paper exposure from $45 billion to $8...
Tether’s CTO Criticizes Conventional Hedge Funds for Shorting USDT
2 hours ago | 2 mins read Altcoin News Ardoino said the team had handled 16 billion in redemptions in more than a month. Tether’s resilience and stability were repeatedly emphasized by Ardoino. Tether...
Institutions Betting “Hundreds of Millions” to Short Tether (USDT)
Following the infamous crash of Terra’s algorithmic stablecoin UST, many investors and regulatory authorities have raised concerns about stablecoin generally, as they are expected to keep a 1:1 peg to...
Tether CTO Affirms Hedge Funds Tried to Short USDT
Key Takeaways Tether CTO Paolo Ardoino said today that various cryptocurrency firms have tried to short its stablecoin. Also today, Genesis Global Trading admitted that its hedge fund clients shorted ...
Tether responds to the increase in hedge funds shorting USDT
Tether CTO Paolo Ardoino has responded to a June 27 report by The Wall Street Journal that hedge funds have short bets on Tether’s stablecoin USDT via crypto brokerage Genesis Global Trading. The arti...
Hotbit Exchange Now Supports to Purchase Crypto with Fiat Currency via Advcash, Buy Crypto and Share 10,000 USDT Prize Pool!
Hotbit, the world’s leading cryptocurrency exchange with 7 million registered users, has partnered with the payment platform Advcash to provide its users with channels to purchase crypto with fiat cur...
USDT and USDC Dominance Reach New Record Highs Amid Massive Crypto Selloffs – crypto.news
Two of the largest stablecoins by market capitalization, USDT and USDC, saw their dominance reach a new all-time high (ATH), an indication that more traders are exiting their crypto positions, althoug...
USDC vs USDT: the differences between the two stablecoins
USDC and USDT are the two main stablecoins available in the crypto markets today. Both are 100% collateralized in US dollars, and convertible at par, but they have different histories behind them. Th...
Stablecoin Tether (USDT) To Undergo Full Audit From Top Firm in Bid for Transparency
Tether (USDT) will undergo a full audit from a top accounting firm, according to the stablecoin issuer’s chief technology officer. Tether CTO Paolo Ardoino tells Euromoney that a top-12 accounting fir...
Is USDC Challenging USDT For The “Top Stablecoin” Title? – Coinpedia – Fintech & Cryptocurreny News Media
After Tuesday, when USD Coin’s daily’real volume’ on the Ethereum network doubled that of Tether’s USDT, it began to challenge Tether for the title of top stablecoin in the cryptocurrency world. The f...
Battle Of The Stablecoins: USDC Transactions On Ethereum Surpass USDT
With the crypto market crash has come a renewed interest in the cover that stablecoins provide investors. As a result of this, crypto investors had flocked to stablecoins such as USDT, BUSD, USDC, etc...
Tether Prepares Full Audit to Improve USDT Reserves Transparency
Tether, the world’s largest stablecoin with $68 billion in assets, will undertake a full audit with a top 12 accounting firm in order to improve transparency of its USDT reserves. The move comes as US...
Tether (USDT) Ready for Full Audit to Increase $USDT Reserves Transparency – crypto.news
In an interview, Paolo Ardoino, the CTO of Tether, stated that the company is embarking on a thorough audit to increase transparency over its $USDT assets. In order to increase transparency on $USDT h...
USDC v. USDT – Is this stablecoin nearing its ‘Circle’ of life?
The stablecoin market, like the rest of the cryptocurrency ecosystem, continues to see new updates every day. Things changed rapidly, especially after TerraUSD [UST] came into the picture only to cras...
Tether Defends USDT Reserves, Plans To Undergo Full Audit
Tether’s CTO Paolo Ardoino on Monday said Tether (USDT) has survived short selling and redemptions amid the crypto market crash. Moreover, Paolo Ardoino believes Tether has always been more transparen...
Circle’s USDC Surpasses Tether’s USDT, Here’s How
Circle’s stablecoin USDC has overtaken Tether’s USDT for the first time in the number of daily transactions on Ethereum, Nansen.AI CEO Alex Svanevik highlighted on Twitter. This news is the latest in ...
Tether to undertake full audit by top 12 firm for transparency over USDT reserves
The Tether (USDT) stablecoin is set to carry out an audit with a top 12 firm in order to provide more transparency on its reserves. A business called MHA provides attestations of its reserves, and Tet...
Circle’s USDC Flips Tether’s USDT in Daily Transactions on Ethereum
Alex Dovbnya USDT has surpassed Ethereum-based USDT by the number of transactions Circle’s USD Coin (USDC) stablecoin has surpassed Tether’s USDT by the number of daily transactions on the Ethereum bl...
Tether (USDT) Network Attacked Using DDoS Resulting in 8M Requests/Min
24 mins ago | 2 mins read Altcoin News The request significantly differs from the daily average of 2k requests/5min. The company had received a ransom demand from the hackers. On June 18, a major deni...
Stablecoin Giant Tether (USDT) Struggles to Maintain Dominance
Investors are fleeing from Tether (USDT), says on-chain data. The stablecoin giant, as a result, has lost significant market share amid a slew of market corrections. Tether’s Losing Market Share Tethe...
Tether [USDT] – Now that the DDoS attack is behind it, here’s the post-op outlook
Holders of USDT were sent into a frenzy yesterday after Tether’s Chief Technical Officer Paolo Ardoino confirmed the incidence of a DDoS attack. Simply put, a DDoS attack happens when a server or a ne...
+45% Profit with USDT per Month? Is It Real?
The cross staking technology removes the issue of what to do with Proof-of-Work platforms that have no wish or opportunity to restructure their blockchains for the Proof-of-Stake consensus mechanism. ...
Tether Market Cap Falls to $69 Billion as USDC Flipping of USDT Occurs
The newest wave of Tether token redemptions is challenging the project’s domination of the stablecoin market, with the project’s market cap approaching that of its rival USDC as trust in the security ...
Traders Shifting From USDT to USDC ! Here’s Why – Coinpedia – Fintech & Cryptocurreny News Media
Glassnode, an on-chain data analytics platform, disclosed today that USDC, the world’s second largest stable coin, is gaining traction as crypto investors prefer it over USDT. This may be seen in the...
Data Suggets USDC May Soon Replace USDT As Stablecoin Favorite
On-chain data analytics site Glassnode disclosed today that world’s second largest stable coin USDC is gaining traction as crypto investors seem to prefer it over USDT. This is evidenced in the total ...
Tether’s USDT market cap dips below $70B for an 8-month low
Tether (USDT), the biggest stablecoin and the third-largest digital currency by market capitalization continues losing its market value amid the current market downturn. On Thursday, USDT’s market cap...
Tether USDT Market Cap Slips Below $70 Bln As Redemptions Mount
Tether (USDT), the world’s largest stablecoin’s market capitalisation has registered a continuous drop over the past few weeks. It now has shrunk below the $70 billion mark. Is USDT losing the race? A...
Tether: With UST gone and USDD struggling, is USDT next in line
With UST mixed into the dust and USDD struggling to keep up; could Tether be the next in line for the stablecoin massacre? The crypto market volatility has ramped up pressure on stablecoins recently a...
USDT: market capitalization down to October levels
The market capitalization of USDT (Tether) has fallen back to October 2021 levels. USDT’s market capitalization returns to 2021 levels The all-time high had been reached in the days before Terra’s co...
AAX to Share 1M USDT Rewards Through Fun “Crypto Summer” Events
Cryptocurrency exchange AAX is kicking off “Crypto Summer” with fun-filled crypto trading events that aim to disperse the doom and gloom of the emerging “crypto winter” with the prospect of some tanta...