Tether (USDT) is a popular stablecoin that crypto enthusiasts have used for years to leverage their cryptocurrency trades. USDT is pegged to the U.S. do …
What to Watch for in Tether’s Upcoming Attestation Report
The leading stablecoin project still hasn’t published its March report attesting to its reserves. Following Terra, investors have a right to more timely information, says our columnist.
Tether’s loss is helping rival Circle’s USD Coin
Tether, the world’s largest stablecoin, is seeing a rush of redemptions, which is benefiting Circle’s USD Coin.
Why one hedge-fund manager invests in Bank of America and says Tether’s days are numbered
Guy Spier, the fund manager of the Aquamarine Fund, has no shortage of praise to pour upon Jamie Dimon. But he’s invested in BofA.
Crypto Update – Markets Wobbled Could Tether (USDT) Collapse Next
Terra Luna‘s collapse was a stunning right hook to crypto; markets are staggered. Tether’s market cap plunged 10% in May – Will horrified investors continue to cash out? Tether accounts for nearly 25% …
First Mover Asia: USDC Hasn’t ‘Flippened’ USDT, but Trader Preferences Are Changing; Cryptos Rise Despite Bearishness
Good morning. Here’s what’s happening: Prices: Bitcoin and other major cryptos see green, but market sentiment remains bearish. Insights: Investors change their stablecoin preferences.
Tether investors have pulled $7 billion from the stablecoin since it lost then regained its dollar peg; ‘We can keep going if the market wants’
“We can keep going if the market wants, we have all the liquidity to handle big redemptions and pay 1:1,” Tether’s chief technology officer said.
Now, it’s tether taking a hit: The world’s biggest stablecoin shed $7 billion
The tether stablecoin has also taken a beating in the crypto crash, though it has mostly kept its peg to the dollar.
What’s happening with Tether? Investors flee amid fears of the next stablecoin crisis
Tether—the world’s largest stablecoin by market capitalization, and the third largest token overall—is feeling the fallout. In the past week, investors withdrew over $7 …
Tether Supply Plummeted $7.4B Amid Depegging Concerns, Terra Collapse: Glassnode
Amid Terra’s collapse last week, Tether also briefly lost its peg. Now, it appears some investors have dropped the stablecoin for the competition.
Investors withdraw over $7 billion from tether, raising fresh fears about stablecoin’s backing
Tether’s circulating supply has slipped from about $83 billion a week ago to less than $76 billion on Tuesday.
Investors pull $7bn from Tether as stablecoin jitters intensify
Traders have yanked $7bn from Tether since the world’s biggest stablecoin last week briefly lost its peg against the US dollar, intensifying concerns about the assets that under …
$7.6bn of ‘stablecoin’ tether redeemed since start of crypto crisis
Figures suggest company has paid out more than total cash on hand, as terra backers prepare relaunch …
Tether losing its one-to-one US dollar peg exposed its vulnerability — but also showed how the stablecoin can build confidence in the future
Tether has regained its US dollar peg. But experts say losing it earlier could be a wakeup call for the largest stablecoin by market capitalization.
Tether losing its one-to-one US dollar peg exposed its vulnerability and a way to build confidence in the stablecoin
Tether has regained its US dollar peg. But experts say losing it earlier could be a wakeup call for the largest stablecoin by market capitalization.
$1.9T wipeout in crypto risks spilling over to stocks, bonds — stablecoin Tether in focus
UST/USD daily price chart. Source: TradingView Meanwhile, Tether (USDT), the largest stablecoin by market cap, briefly fell to $0.95 on May 12. But unlike TerraUSD, Tether managed to recover back …
Tether Has Cut Commercial Paper Holdings Backing Stablecoin by 50%: CTO
During a Twitter Spaces event, Tether CTO Paolo Ardoino revealed that Tether had reduced its commercial paper backing by 50%.
‘I think stablecoins that are collateralized are very useful and essential,’ says Tether’s co-founder
William Quigley, Tether and Worldwide Asset Exchange co-founder, joins ‘Squawk on the Street’ to discuss his thoughts on recent cryptocurrency activity and what Tether’s slump means for other …
The run on Tether recalls the 2008 money market scare
If a $64 billion money-market fund posed a systemic risk in 2008, an $81 billion stablecoin poses a systemic risk in 2022.
Trader May Have Lost $9M in Exit from USDT Data Indicates Bots Made Off With Huge Sum on Arbitrum
Opportunistic bots may have made off with millions of dollars worth of profits after one trader hastily tried to exit an enormous USDT position. On May 12, Twitter user gzeon flagged that one USDT …
USDT Briefly Slips Below $1 Peg as Terra Contagion Spreads
Jitters around USDT follow the recent implosion of the Terra ecosystem’s stablecoin UST and its sister coin Luna. UST fell from its $1 peg and now sits at $0.43 while Luna has f …