Trading with Tether’s USDT stablecoin has fallen to multi-year lows, making the token’s rise to near all-time highs in market capitalization “questionable,” crypto market research firm Kaiko said in a …
Crypto Biz: Tether flees from banks, Ledger’s backdoor for seed phrases and more
This week’s Crypto Biz explores Tether’s first quarter audit, Ripple’s partial victory against the SEC, Worldcoin fundraising and Ledger’s controversial recovery service.
Strike Expands Global Reach, Introduces USDT Support And Unveils Enhanced App At Bitcoin 2023 Conference
This coincides with the introduction of the ability to receive funds in U.S. dollar equivalents, namely USDT. In addition, the app received a major facelift and overhaul that has made the UI cleaner, …
Tether, KriptonMarket to support USDT transactions at Argentina’s Central Market
Argentinians can now purchase dairy produce with the USDT stablecoin at the Central Market of Buenos Aires — one of the largest movers of fruits and vegetables in Latin America. The move was enabled …
Should We Worry About Tether’s Bitcoin-Buying Plan?
With the new bitcoin-buying plan, announced about a week after the attestation, Tether joins the ranks of a number of institutional behemoths hoovering up BTC. Notably, MicroStrategy, the …
Tether Bought Some Bitcoin
Crypto company Tether pledged to buy more bitcoin for its stablecoin reserves, adding to the $1.5 billion of bitcoin already backing its dollar-pegged token.
Is Tether unmoored — or just dandy?
Fighting words over USDT erupt on Twitter. Litecoin surges amid memecoin fever. Chinese city bids for blockchain business.
USDT vs BNB: What Crypto is Better to Invest in 2023
Cryptocurrency remains one of the most promising areas for investment. Many people prefer to invest in digital coins to get a high income. Choosing a cryptocurrency for investment is always difficult.
Tether Bets On Bitcoin: Allocates Up To 15% Of Profits For BTC Purchases
Tether, the company managing the reserves of the world’s largest stablecoin USDT, has announced a new investment strategy aimed at strengthening its reserves portfolio. Tether will now allocate up to 15% of its net realized operating profits toward …
Tether buys bitcoin with a portion of its net profit to back USDT stablecoin
Tether said it would invest 15% of its net profit into bitcoin to “diversify” the reserves that back its USDT token.
First Mover Asia: Biden’s Tough Talk, Tether’s Bitcoin Bet Not Moving Crypto
Crypto Continues to Shrug Off Looming Debt Ceiling, Despite Tether and USDC Diversifying into Bitcoin Good morning Asia. Bitcoin and ether stand unwavering, shrugging off the potential turbulence from the U.
Tether dijo que comprará bitcoin para sus reservas de stablecoin utilizando ganancias obtenidas
Tether dijo que destinará alrededor del 15% de las ganancias realizadas de inversiones —con excepción de cualquier revalorización no realizada del precio de sus activos de reserva— a comprar BTC. Luego, agregará los tokens al excedente de reserva.
Tether to Purchase Bitcoin as Part of Reserves Strategy Shift
(Bloomberg) — Tether Holdings Ltd., the operator of the largest stablecoin, will invest as much as 15% of profits on a regular basis in Bitcoin as part of a strategy to diversify its reserves. Most Read from Bloomberg Here’s How Much Wealth You Need to …
Tether to Spend Millions on Bitcoin to Diversify USDT Reserves
Tether International Ltd., the company behind the third-largest cryptocurrency by market value, will use 15% of its net investment profit, equivalent to $222 million of its first-quarter profit, on …
Tether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits
For years, Tether has been criticized within the crypto industry for its lack of transparency about its reserves and controversial investment decisions. However, the firm’s flagship token USDT emerged …
Tether buys $222 million worth of bitcoin to back its USDT stablecoin
Tether said it would invest 15% of its net profit into bitcoin to “diversify” the reserves that back its USDT token.
Bingx Celebrates 5Th Anniversary With 10 Million USDT Reward Pool
SINGAPORE – media outreach – 16 May 2023 – , a leading global cryptocurrency exchange, is proud to announce its upcoming 5th anniversary and express …
Why Nigerian youths use USDT to hedge against naira
Article Summary Nigeria’s strong appetite for the US dollar is fueling its growing interest in crypto assets, particularly stablecoins like …
Tether Boasts Record Profits—But Reserve Claims Remain ‘Dubious’, Says Former SEC Attorney
Tether CTO Paolo Ardoino and former SEC attorney John Reed trade barbs over claims the stablecoin’s reserves are “dubious.” …
Tether boasts of its financial stability after strong profits, money moved out of banks
Tether Holdings, which operates the USDT stablecoin, is playing up the positive findings in its latest financial attestation as it faces continuing questions about its stability.
$1.5 Billion In Profits For USDT? Tether Stablecoin Announces Healthy Bitcoin Holdings
The stablecoin issuer Tether (CRYPTO: USDT) has recorded a net profit of $1.48 billion for the first three months of the year, which is double the figure for the same period last year.