On-chain data indicates that some traders might be shorting USDT, expecting its reserves to not hold up against the bear market.
Circle’s USDC on track to topple Tether USDT as the top stablecoin in 2022
The growth of Circle’s native stablecoin USD Coin in the last two months compared to its $66-billion rival giant Tether is nothing short of spectacular. USDT, …
Tether’s High 3pool Share Shows Nervous Traders Ready to Offload
Cryptocurrency investors have become jittery on stablecoins after the collapse of Terra’s UST in May led to increased regulatory …
Tether, The Biggest Stablecoin, Fails to Calm Jittery Nerves as Short Sellers Circle
Repeated assurances by the backers of Tether, that the token is backed by ample reserves and working smoothly haven’t been enough to reassure markets.
USDT Prices Surge In Terms Of Argentine Pesos After The Economy Minister Resigns
After the Argentinian Economy Minister Martin Guzman resigned, there was a surge in demand for stablecoins like USDT, and 1 USDT was selling for as high as 310 Argentine pesos.
Tether fails to calm jittery nerves
Repeated assurances by the backers of Tether that the token is backed by ample reserves and working smoothly haven’t been enough to reassure markets.
Biggest stablecoin Tether fails to calm jittery nerves with short-sellers circling
Repeated assurances by the backers of Tether that the token is backed by ample reserves and working smoothly haven’t been enough to reassure markets. Read more at straitstimes.com.
4 high-tech cyber criminals with Chinese links held: Delhi Police
The accused used to get the cheated money in different bank accounts through UPI and then convert it into crypto currency by purchasing USDT.
Tether Fails to Calm Jittery Nerves With Short Sellers Circling
(Bloomberg) — Repeated assurances by the backers of Tether, the biggest stablecoin, that the token is backed by ample reserves and working smoothly haven’t been enough to reassure markets.
Argentines seek hedging in crypto after economy minister resigns
Moves on crypto markets could indicate unease over the growing rift within the ruling coalition and concern over the government’s ability to tackle rising inflation and other economic challenges.
Tether sharply reduced commercial paper holdings
Tether, the company behind the USDT stablecoin, has reduced its commercial paper holdings in line with its plans for the same.
Coinsfera Has Now Made it Simple to Sell USDT in Dubai with Cash
DUBAI, UNITED ARAB EMIRATES / ACCESSWIRE / July 2, 2022 / Coinsfera, a global digital asset OTC exchange, has announced that they are making it easier for people in Dubai to sell USDT. Users can now …
Top Stablecoin Tether Slashes Commercial Paper Holdings Amid Crypto Gloom
Usually underpinned by reserves of assets such as the U.S. dollar, gold and government debt, stablecoins are widely used in cryptocurrency trading and Tether is the predominant me …
Tether Reduces Commercial Paper Holdings Almost 60% as It Tackles Quality Concerns
Stablecoin issuer Tether has cut its holdings of commercial paper by 58% to $8.5 billion, with a further reduction to $3.5 billion expected at the end of the month as it seeks to tackle speculation …
LYOTRADE Launches Crypto Loans – Get USDT and Win Against Volatility
Loans made with cryptocurrencies. Who is offering this? The LYOTRADE crypto exchange! LYOTRADE is part of […] …
‘Pig Butchering’ Crypto Scam Victim To Get Money Back From Binance, Law Enforcement Says
Silicon Valley prosecutor says her office has been flooded with with reports of similar scams, in which cybercriminals use dating sites to meet romantic partners they later entice to invest in fake …
Tether’s mystery commercial paper exposure
Its $1 value is backed 1-to-1 by dollar assets held in Tether’s reserves. Controversy about these reserves has raged for years. Tether in 2021 paid tens of millions to US regulators in settlements …
Crypto: Can stablecoins keep dollar peg after tether debacle?
The crypto crash has caused a rapid spike in stablecoin redemptions with the total supply now decreasing. How can stablecoins hold their parity with the dollar and avoid the calamity of May’s …
First Mover Asia: How Traders Are Shorting Tether Stablecoins; Bitcoin Falls but Holds Above $20K
Hedge funds are increasingly betting against USDT in anticipation of it losing value amid concerns about the coin’s reserve backing and systemic risks; ether falls.
Tether (USDT) under pressure after Terra’s stablecoin collapse
We have launched Cryptogram, an India-focused free weekly newsletter on blockchain tech, global crypto markets, and Web 3.0 technologies which promise to change our future. If you would like to …
Terra Classic Value Prediction for June 29: LUNC/USDT Attracting Massive Profits
LUNC/USDT reclaims the top of the crypto daily mover today. This crypto has been here before two days ago, as it manages to gather minimal gain in value. Nevertheless, it’s as if Terra Classic is back …