Whether the Tether stablecoin has been fully backed with reserves has been a question for years. In 2019, skeptics were vindicated after the New York Attorney General’s office a …
Why Short Sellers May Have a Hard Time Betting Against Tether
As crypto winter grinds on, large tether holders may want to insulate themselves from that risk by taking a “short” position in the token that would pay out if tether lost its …
Tether Issues USDT on Kava Blockchain; KAVA Token Climbs 5%
Tether has issued its stablecoin (USDT) on layer 1 blockchain Kava as it looks to enhance liquidity across multiple blockchains, according to a press release. Kava’s native token (KAVA) surged as much …
Leading Stablecoin USDT Regains Peg Defying Uncertainty As Transaction Volume Soars
Tether USDT, the most popular stablecoin pegged to the US dollar, underwent a significant detachment from the US dollar.
The Buck Still Stops With Tether
Regan remarks on the remarkable stability of Tether’s stablecoin: If you had “Doomsday for Tether” on your crypto-apocalypse Bingo card, you were probably feeling pretty good about that for a long …
Tether and Bitfinex pledge $100K grant for private operating system
On June 20, Tether Operations Limited, the firm behind United States dollar stablecoin Tether ( USDT ), along with cryptocurrency exchange Bitfinex announced the allocation of a 100,000 USDT grant to …
Avorak AI Detects Strange Ethereum Wallet Burning Large Amounts Of USDT
Avorak AI, an advanced artificial intelligence system, has detected a suspicious Ethereum wallet burning large amounts of USDT (Tether). This strange activity has raised eyebrows, causing a wave of …
USDT YoY dominance grows since last capitulation, leaves other stablecoins trailing – AMBCrypto News
Although there were doubts about the sustainability of this group of assets when the TerraUSD [UST], the dollar-pegged stablecoin of the Terra blockchain collapsed, USDT displayed resilience to …
Documents Reveal Details of Stablecoin Tether’s Previous Backing
Documents released by the New York Attorney General reveal that Tether Holdings Ltd., the issuer of the largest stablecoin USDT, once held securities.
Newly Released Documents Detail Tether’s Exposure to Chinese Securities
Financial documents released by New York’s Attorney General show that Tether was backing its USDT stablecoin in part with Chinese commercial paper as of 2021. The documents, which were obtained by a …
Concerns Arise as Tether (USDT), the Largest Stablecoin, Falls Below Dollar Peg
The recent flow of the Tether pool, with the outflow of USDC and DAI, indicates that investors are actively leaving Tether’s stablecoin.
Tether Addresses Concerns Over Account Terminations
Tether, the company responsible for issuing the stablecoin , has finally addressed some concerns regarding its operational decisions. Acco
Tether breaks silence on account deactivation controversy
Tether has responded to concerns raised about its recent operational decisions. The New York Attorney General (NYAG) released documents indicating that Tether deactivated approximately 29 accounts belonging to prominent cryptocurrency players in 2021.
Tether responds to account deactivation controversy, raises compliance checks
Stablecoin issuer Tether has responded to claims that it deactivated the accounts of major crypto firms, including MoonPay. Tether, the company responsible for issuing the stablecoin USDT, has, at …
Curve pool imbalance triggers USDT depeg concerns: Finance Redefined
The total value locked in DeFi protocols neared $40 billion due to the continued price decline of DeFi tokens.
A Look at the Reserve Statements That Tether Tried to Conceal
Documents released from the New York Attorney General’s investigation into Tether confirmed rumors that it held securities issued by Chinese companies to support its USDT reserves.
USDT issuer Tether responds to Chinese securities exposure reports
Stablecoin-issuer Tether has published a lengthy response to reports that the reserves of Tether ( USDT ), one of the largest stablecoins, once included securities issued by Chinese companies.
Tether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents
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.