Stablecoin issuer Tether kept its funds in four banks, two investment management firms, two gold depositories and a gold broker and on its own …
Biggest Crypto Stablecoin Tether Was Once Backed by Chinese Securities
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 …
Tether Held Chinese Commercial Paper to Back USDT
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 …
Tether Used Chinese Securities to Back its Top Stablecoin, Filing Reveals
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 Allows Disclosure of Reserve Data Amidst Depeg Concerns
Tether discloses its quarterly reports and reserve data, as USDT imbalance in Curve’s 3pool causes depeg concerns.
Tether Deviates From Dollar Peg as Market Mismatches
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 and tether sag as crypto markets face mounting pressures
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 Loses Peg as Broader Crypto Market Sells Off
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,
Tether crumbles under selling pressure as CTO assures USDT holders
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.
USDT Depeg Concerns Arise Amid Curve Pool Imbalance, Tether CTO Cites FUD
Tether USDT has recently experienced a depegging phenomenon, causing quite a stir in the cryptocurrency market.
Stablecoin Scare: Tether Experiences Temporary De-Pegging Amid DeFi Imbalance
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.
Curve pool imbalance triggers USDT depeg concerns, Tether CTO calls it FUD
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 Selling on Curve, Uniswap Spooks Traders Amid Bitcoin Drop
USDT holdings on Curve’s popular ‘3pool’ have risen to over 72% as of Thursday morning, suggesting a sudden disbalance.
Tether CTO Says ‘Let Them Come’ as Stablecoin’s Dollar Peg Wobbles
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 CTO Explains Recent $1B USDT Minting on Ethereum
Tether’s $1B USDT mint on Ethereum enables chain swaps and inventory replenishment, reinforcing its market dominance in the stablecoin sector.
Litecoin price gears for a rally as LTC market cap hits $6 billion
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 …
Tether adds stablecoins worth about one million dollars to its Ethereum blockchain
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 …
Binance to Swap 750 Million Tether-Tron Token Pairs for Tether-Ether
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 makes waves in crypto market with 1 billion USDT token issuance on Ethereum
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 …
Dublin’s Tekenable acquires Salesforce specialist firm Tether
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.
Is Tether (USDT) the Next Target of the SEC?
However, if such a strategy exists, there are ample reasons why the SEC might prioritize targeting Tether next. According to crypto analyst Miles Deutscher, the SEC would be able to remove liquidity …