Crypto markets have continued to haemorrhage since early April this year, as they are pushed down by most other asset classes during the current …
Tether USDT shaken by stablecoin market storm
Since the birth of the stablecoin phenomenon, critics have mocked the use of the term “stable” in the context of fiat-pegged private digital currencies. UST isn’t the first stablecoin to elicit such …
Over $10 Billion Pulled From USDT As Stablecoin Crises Continues
The uncertainty around stablecoins had begun with the UST crash and inevitably spilled unto others such as USDT. This uncertainty has continued to …
Tether ‘Broke the Buck’ and It Hasn’t Come Back. Why That’s a Problem.
The token hasn’t been worth $1 on crypto platforms since May 10, according to CoinMarketCap.com. Though it is close right now.
Tether Price Prediction: Will USDT Collapse Like UST?
In this article, we will take a shot at Tether price prediction amid ongoing FUD around stablecoins since the collapse of UST.
Tether Retains Dollar Peg Despite $10B in Redemptions: Still Top Stablecoin
In its most recent reserves report, Tether pledged to further reduce commercial paper as part of its reserves.
Tether Broke the Buck and It Hasn’t Come Back
The token hasn’t been worth $1 on crypto platforms since May 10, according to CoinMarketCap.com. Though it is close right now.
Tether’s price shifts because of third-party applications, says co-founder
Reeve Collins, Tether co-founder and BLOCKv CEO, joins ‘Power Lunch’ to discuss whether Tether has shored up questions about its ‘soundness,’ who’s backing the company and more.
Tether pays out $10bn in withdrawals since crypto crash
Tether has paid out over $10bn in withdrawals since the start of the crypto market crash in early May. At the time of publishing, Tether’s USDT market capitalisation was at $73.21bn after an all-time …
Crypto traders redeem USDT en masse as Bitcoin offerings grow
Data from CryptoCompare shows that the price of Bitcoin kept on moving sideways throughout last week around the $30,000 mark.
Tether investors have redeemed $10 billion worth of the token since the crypto rout rattled faith in stablecoins
Tether investors pulled $10 billion worth of the stablecoin in exchange for US dollars after the token broke its 1-to-1 peg in a crypto bloodbath.
Tether withdrawals top $10 billion as regulators raise alarm about stablecoins
Tether has seen its circulating supply plunge from a record $84 billion on May 11 to around $73 billion as of Monday.
Tether, USDT market cap has dropped by US$10B since UST collapse
Tether, the operator of the world’s largest stablecoin USDT, has seen US$10 billion of its market capitalization shaved off since TerraUSD’s (UST) collapse. See related article: Nearly half of Tether …
Tether pays out $10bn in withdrawals since start of crypto crash
Pace of withdrawals in May means ‘stablecoin’ company effectively dealing with slow-motion bank run …
Our stablecoin is now backed in part by non-US Government bonds- Tether
Tether, the issuer of the stablecoin, has claimed that its stablecoin is partially backed by non-US Government bonds.
Tether Reveals It Holds Foreign Debt as Scrutiny Increases
Tether’s latest “assurance” report details $286 million held in non-U.S. Treasury bills. The stablecoin’s holdings have recently come under scrutiny.
Did Tether see the cryptocrash coming? Stablecoin buys higher-quality Treasuries to defend dollar peg
The world’s third most valuable cryptocurrency shifted its reserves toward more resilient forms of collateral and away from riskier short-term corporate debt to weather the current storm.
Stablecoin tether has beefed up its Treasury holdings and added over $250 million in non-US government debt to its reserves
The issuer of stablecoin tether now holds over a quarter of a billion dollars in non-US debt as part of its reserves, and it has boosted its Treasury holdings.
Barclays to tether: the test is yet to come
The last big test for money-market fund drawdowns came early in the pandemic amid a corporate “dash for cash”. In the two weeks to March 24, 2020, according to Barclays research, institutions pulled …
Tether Claims Its Stablecoin Is Now Partially Backed by Non-U.S. Government Bonds
Tether said its holdings of U.S. Treasury bills rose 13% to $39.2 billion, while commercial paper fell 17% to $20.1 billion. The company said it now also owns around $286 million in non-U.S.
Tether Cuts Commercial Paper, Boosts Treasuries Behind USDT
Tether, the operator of the world’s most used cryptocurrency, said it had reduced the amount of commercial paper in the reserve backing its $74 billion stablecoin, revealing information about its …