According to Gurbacs, gold has gained significant importance for Tether Limited, the entity responsible for issuing USDT. With a hefty sum of $3.4 billion in reserves held in gold, the stablecoin has …
Tether’s balance sheet is still a black hole
The stablecoin giant reported an “excellent quarter” even as it fails to comply by basic accounting standards.
Stablecoin outflows are diminishing, here’s how capital is returning to crypto markets
When assessing the monthly supply change of stablecoins from a high timeframe perspective, experts have noted decline in stablecoin outflows. Analysts at Glassnode believe the supply change suggests …
The US should promote USDC — before it’s too late
USD Coin brings stability to cryptocurrency, according to Alex O’Donnell, and policymakers should take measures to foster its adoption.
Sell USDT in Dubai Introduces Cash Trading, Enabling Easy Access to Crypto in the UAE
Sell USDT in Dubai facilitates the acceptance of fiat payments for cryptocurrency purchases, to accommodate cash trading in the global cryptocurrency market.
Tether Boosts T-Bill Holdings, Cuts Banks Exposure
Tether Holdings Ltd., the operator of the largest stablecoin, increased its holdings of US Treasury bills to $53 billion while simultaneously cutting its exposure to cash in the first quarter, …
Tether Holdings Increases Treasury Bills, Reducing Bank’s Exposure
Tether, known as USDT, pegged to the U.S. dollar, has been actively managing its reserves to maintain stability and mitigate risks.
Xapo Bank expands stablecoin payment rails to accommodate Tether
Xapo Bank says it has seen a strong appetite for the efficiency of stablecoin deposits and withdrawals among its members, many of whom are based in emerging markets. Since enabling USDC deposits in …
Tether Winning The Title of Crypto World’s ‘Least Risky’ Asset
Tether is seen as less U.S.-oriented, meaning lower regulatory risk. Buying tether and bitcoin is really a vote against the U.S. system …
Tether Boosts Treasury-Bill Holdings, Cuts Banks Exposure
Tether Holdings Ltd., the operator of the largest stablecoin, increased its holdings of US Treasury bills to $53 billion while simultaneously cutting its exposure to cash in the first quarter, following a slate of US bank closures that impacted rivals.
Tether Posts Massive First Quarter Profits of $1.48 Billion
Tether today reported a net profit of $1.48 billion, with the company behind the world’s biggest stablecoin saying it was “very optimistic for the future.” In a Wednesday blog post, the sometimes controversial company summed up its 2023 Q1 assurance report—prepared by accounting firm BDO Italia—by revealing that its reserves reached an all-time high of $2.
Tether Posts $1.5 Billion Profit, Double Late-March Forecast
Tether Holdings Ltd., the operator of the largest stablecoin, said it recorded a first-quarter profit of $1.5 billion, more than double the forecast the company gave in late March.
Stablecoins: Xapo Bank Expands Stablecoin Payment Rails, Becoming “First” Licensed Bank To Enable Tether Deposits, Withdrawals
Xapo says it is beginning with a phased rollout; the payment rails will be fully available to all members by the end of the month. Building on its existing USDC rails that were launched in March, the …
OKX just sent $60M in USDT, MASK token to Alameda Research
On May 9, crypto exchange OKX sent approximately $60 million worth of digital assets to wallets connected to failed hedge fund Alameda Research, according to data from crypto analytics platform Arkham …
Xapo Bank to Enable Tether Deposits, Withdrawals
Xapo Bank, a crypto-friendly institution based in Gibraltar, will allow customers to deposit and withdraw tether (USDT), the largest stablecoin by market cap, by the end of the month. The transactions …
Cryptoverse-Tether gets a lift from stability doubts
To be sure, tether has long been dogged by doubts about its peg being backed by dollar reserves. All stablecoins were hurt last year during a series of events such as the collapse of crypto hedge fund …
Comparing the Top Stablecoins: USDT, USDC, BUSD, and More
As the demand for stablecoins continues to grow, several options have emerged, with USDT, USDC, and BUSD among the most popular. In this article, we will explore and compare the top stablecoins, …
‘From’ Season 2, Episode 3 ‘Tether’ Review: Even Scarier And More Twisted Than Ever
Not so with From, MGM’s wildly underrated “Lost-like” that is now three episodes deep into a second season that is exceeding all expectations. So far, this season is scarier and more twisted than the …
Beware Of Flatcoins, Crypto’s Inflation Busting Fad
These coins are designed to protect stablecoin holders from inflation. But they are complicated and it’s not clear whether they will actually work.
USDT organizes an international conference on Technological Innovations for Cancer Screening and Prevention
The hybrid international conference on Technological Innovations for Cancer Screening and Prevention was an Accredited Blended Learning Activity (Category 1) as defined by the Ministry of Public …
Flash News: OKX to Enable Margin Trading and Savings for SUI
OKX to Enable Margin Trading and Savings for SUI Following the launch of its SUI/USDT perpetual swap on May 5, OKX is proud to announce that it will soon offer margin trading and saving for SUI, the …