The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion. USD Coin (USDC), a stablecoin issued by the U.S.-based …
Coinbase takes a swipe at Tether, tells customers to switch to USDC stablecoin – Fortune
Crypto exchange Coinbase has soured on Tether’s USDT, and it’s telling its customers to instead switch to the stablecoin it cofounded—with no fees.In a …
Injective Chooses Kava Native USDT for its Perps Trading
The integration of Kava Chain’s capabilities with Injective’s revolutionary DeFi technology is set to offer a host of advantages for both platforms, including Enhanced Trading Opportunities, Improved …
Tether is nearly a decade old—and its books are still a mystery
On Tuesday, Tether published one of its semi-regular “attestations” to tell us that everything is grand and, in fact, better than ever. According to the company, its reserves—by which it keeps its …
USDT market cap surges as fiat capital flows into crypto
Tether’s USDT is the main fiat ramp to crypto and a leading indicator of overall interest in cryptocurrencies according to its capital flow.
Tether issues $610M debt financing to Bitcoin miner Northern Data
Tether (USDT) stablecoin issuer is raising the bet on Bitcoin (BTC) mining by issuing a major debt facility to German-based BTC mining company Northern Data AG. Northern Data AG has secured a 575 …
News Explorer — Chinese Court Sentences 21 People for Transferring $307 Million in Tether Through Illegal Activities
Chinese Court Sentences 21 People for Transferring $307 Million in Tether Through Illegal Activities. A court in Tongliang, China has sentenced 21 people for transferring $307 mil …
Inside the decentralized heist: How a group in China laundered $307 million in Tether
In a recent verdict handed down by a court in Tongliang, China, situated near Chongqing, 21 individuals have been convicted for their involvement in an intricate scheme. The scheme pertained to the …
Taiwan cracks largest USDT money laundering scheme
In a significant development, Taiwanese police have successfully dismantled what appears to be the nation’s largest crypto-related money laundering operation. The operation involved a staggering 324.2 …
Tether (USDT) Recovers Most Of Market Value Lost After Terra’s Fall – Bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial …
Tether bolsters financial resilience with record cash reserves, reveals Q3 attestation report
Tether, a leading issuer of stablecoins, has recently published its Q3 attestation report, signed off by the accounting firm BDO Italy. The document revealed that the company holds an impressive $86.4 …
Retail Investors Can No Longer Mint USDC Directly Through Circle
USDC issuer said that retail users can no longer mint the stablecoin from Circle—they’ll need to buy tokens from exchanges or brokerages.
Tether Reports $3.2B Excess Reserves, but Lags in Reducing Secured Loans
Tether reported $3.2 billion of excess reserves backing the value of its stablecoins including USDT, according to its Q3 attestation released Wednesday.Signed off on by accounting firm BDO Italy, the …
Tether attestation shows cash & cash equivalents rose to 85.7%
Tether’s Q3, 2023 attestation report shows cash and cash equivalents at 85.7% of reserves, with an exposure of $72.6 billion in US T-Bills.
Tether attestation shows cash and cash equivalents of 86% as loans decline
Accounting firm BDO released its quarterly report of Tether reserves, showing a reduction in loans and an increase in liquid assets.
Circle Curbs Stablecoin Minting for Retail Users, Moving Closer to Tether’s Practice
Circle’s curb for retail investors represents a move towards its main competitor, Tether’s practice, which limits USDT minting and redemptions at a $100,000 minimum threshold. USDC is the second …
USDT Dominates Crypto Transactions in Brazil, Accounting for 80% of Volume
According to data from Brazil’s revenue service agency, the stablecoin Tether (USDT) has seen a considerable increase in adoption.
Bankman-Fried Trial Renews Conjecture About Alameda’s $40 Billion Tether Stablecoin Pile
As the trial of FTX co-founder Sam Bankman-Fried unfolds, the relationship between his exchange’s trading outfit Alameda Research and stablecoin issuer Tether is under the microscope of crypto sleuths …
USDT’s Meteoric Rise in Brazil’s Crypto Market
In a remarkable turn of events, Brazil has witnessed a staggering surge in the adoption of Tether (USDT) in 2023, solidifying its position as the frontrunner in the country’s cryptocurrency landscape.
Brazil’s USDT adoption soars in 2023, makes up 80% of all crypto transactions
Tether (USDT) accounts for 80% of all cryptocurrency transactions in Brazil so far in 2023, according to the country’s revenue agency.
Kraken Halts Transactions as It Delist USDT, DAI, WBTC, WETH, WAXL Stablecoins in Canada
Kraken, a US-based cryptocurrency exchange, is reportedly delisting US Dollar Tether (USDT), DAI, Wrapped Bitcoin (WBTC), Wrapped Ether (WETH), and Wrapped Axelar (WAXL) stablecoins. With this move, …