Category: Tether (USDT)

Stablecoin issuer Tether kept its funds in four banks, two investment management firms, two gold depositories and a gold broker and on its own …

Tether Holdings Ltd. once counted securities issued by Chinese companies among the reserves backing its USDT stablecoin, the world’s largest, documents released by New York’s Attorney General show. Mo …

The documents also highlight Tether’s exposure to Chinese commercial paper and short-term loans to Chinese companies, as well as a sizable loan to the crypto platform Celsius Network. Tether had …

At one point, part of USDT reserves consisted of securities issued by the Agricultural Bank of China, China Construction Bank, and Industrial Commercial Bank of China.

Tether discloses its quarterly reports and reserve data, as USDT imbalance in Curve’s 3pool causes depeg concerns.

Tether Holdings Ltd.’s USDT, the world’s largest stablecoin, deviated slightly from its peg to the US dollar on Thursday as a crypto market signal suggested some investors were offloading the token.

Bitcoin (BTC-USD), the largest digital coin, slipped 4% below $25,000 Thursday morning for the first time in the past three months. Other major cryptocurrencies dipped lower, with ether (ETH-USD) and BNB (BNB-USD) falling more than 5% each while a stablecoin called tether fell below its crucial $1 price.

Tether, the world’s largest stablecoin, fell below its fixed value of $1 early Thursday morning as prices of major cryptocurrencies sold off. Tether dropped to $0.996—its lowest level so far this year—before recovering slightly,

CTO Paolo Ardoino assured the community of Tether’s ability to swap the stablecoin for US Dollars. Tether suffered depegs during Terra LUNA collapse and the FTX/Alameda bankruptcy.

Tether USDT has recently experienced a depegging phenomenon, causing quite a stir in the cryptocurrency market.

Tether’s USDT stablecoin de-pegs as Curve’s 3Pool becomes imbalanced. Tether CTO says such events are a good test, ready to redeem any amount. However, USDT’s balance has surged to over 70%, indicating a significant sell-off of USDT in favor of DAI or USDC.

Tether-issued USDT ( USDT) stablecoin slightly deviated from its dollar peg value on June 15 due to an imbalance in the Curve 3pool. The price of USDT fell by 0.3% to around 0.997 as the USDT …

USDT holdings on Curve’s popular ‘3pool’ have risen to over 72% as of Thursday morning, suggesting a sudden disbalance.

With the market’s largest stablecoin waffling, the Tether CTO took to Twitter to assure investors that redemptions won’t be a problem.

Tether’s $1B USDT mint on Ethereum enables chain swaps and inventory replenishment, reinforcing its market dominance in the stablecoin sector.

Litecoin price indicates a brewing recovery rally after tagging a crucial accumulation zone. Despite the broader market gloom, LTC market cap has hit $6 billion, solidifying the Bitcoin fork’s 12th …

On June 12, 2023, Tether, a blockchain platform, added about $1 billion worth of its Tether (USDT $1.00) stablecoin on the Ethereum blockchain, stated Cointelegraph. It is expected that the trending …

The swap, set to start after 12 pm UTC (05:30 pm IST) on Monday, will be held directly with the tether team, the tweet said.

Tether, the leading issuer of stablecoins worldwide, has once again made waves in the cryptocurrency market. In a surprising move, Tether has issued an additional 1 billion USDT tokens on the Ethereum …

Tekenable plans to use Tether to boost its own services and try to create one of the largest Salesforce practices in Ireland and the UK.