Tag: USDT

Tether, the company responsible for issuing the stablecoin , has finally addressed some concerns regarding its operational decisions. Acco

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.

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 …

The total value locked in DeFi protocols neared $40 billion due to the continued price decline of DeFi tokens.

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.

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.

Stablecoin issuer Tether kept its funds in four banks, two investment management firms, two gold depositories and a gold broker and on its own …

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 …

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 …

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.

Tether discloses its quarterly reports and reserve data, as USDT imbalance in Curve’s 3pool causes depeg concerns.

Tether Holdings Ltd.’s USDT, the world’s largest stablecoin, deviated slightly from its peg to the US dollar on Thursday as a crypto market signal suggested some investors were offloading the token.

Bitcoin (BTC-USD), the largest digital coin, slipped 4% below $25,000 Thursday morning for the first time in the past three months. Other major cryptocurrencies dipped lower, with ether (ETH-USD) and BNB (BNB-USD) falling more than 5% each while a stablecoin called tether fell below its crucial $1 price.

Tether, the world’s largest stablecoin, fell below its fixed value of $1 early Thursday morning as prices of major cryptocurrencies sold off. Tether dropped to $0.996—its lowest level so far this year—before recovering slightly,

CTO Paolo Ardoino assured the community of Tether’s ability to swap the stablecoin for US Dollars. Tether suffered depegs during Terra LUNA collapse and the FTX/Alameda bankruptcy.

Tether USDT has recently experienced a depegging phenomenon, causing quite a stir in the cryptocurrency market.

Tether’s USDT stablecoin de-pegs as Curve’s 3Pool becomes imbalanced. Tether CTO says such events are a good test, ready to redeem any amount. However, USDT’s balance has surged to over 70%, indicating a significant sell-off of USDT in favor of DAI or USDC.

Tether-issued USDT ( USDT) stablecoin slightly deviated from its dollar peg value on June 15 due to an imbalance in the Curve 3pool. The price of USDT fell by 0.3% to around 0.997 as the USDT …

USDT holdings on Curve’s popular ‘3pool’ have risen to over 72% as of Thursday morning, suggesting a sudden disbalance.

With the market’s largest stablecoin waffling, the Tether CTO took to Twitter to assure investors that redemptions won’t be a problem.

Tether’s $1B USDT mint on Ethereum enables chain swaps and inventory replenishment, reinforcing its market dominance in the stablecoin sector.