Archives

November 10, 2021 @ 10:29 am By Tony Zerucha  |  

Tether Operations today announced it has launched Tether tokens (USDt) on Avalanche, a decentralized smart contracts platform built for the scale of global finance and business. Avalanche is designed as a highly scalable ecosystem, able to deliver rapid transaction finality and low transaction fees. It is… Read More

October 20, 2021 @ 12:16 pm By JD Alois  |  

Short-seller Hindenburg Research has initiated the Hindenburg Tether Bounty Program as it seeks information “undisclosed details” on the backing of Tether (USDT). Tether is the most popular stablecoin with a market cap of around $70 billion. Tether is a dollar based stablecoin that is ostensibly… Read More

October 15, 2021 @ 12:17 pm By JD Alois  |  

At the same time the CFTC announced its enforcement actions against Bitfinex and Tether, Commissioner Dawn D. Stump has issued a statement regarding the action by the regulator. Commissioner Stump says she agrees with the action taken by the Commission while expressing her concern regarding… Read More

October 15, 2021 @ 11:43 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has ordered Tether and Bitfinex (iFinex) to pay $42.5 million in fines, according to a statement by the regulator. Tether, a leading dollar-based stablecoin, must pay $41 million in regards to claims that Tether (USDT) was fully backed by… Read More

September 15, 2021 @ 8:07 am By JD Alois  |  

As has been widely reported, China Evergrande Group (HKEX:3333), China’s second-largest property developer, is flashing default signals on its corporate debt.  In a corporate statement Evergrande said that the company expects a “significant continuing decline in contract sales in September, thereby resulting in the continuous… Read More

August 13, 2021 @ 8:24 am By Tony Zerucha  |  

Cryptocurrency investors this week learned more about how Tether shared more information on how it manages its reserves, as its seeks to reassure investors it can safely manage its role as a stablecoin linked to the US dollar. The third biggest cryptocurrency after BTC and… Read More

July 26, 2021 @ 8:23 pm By Omar Faridi  |  

C.R.E.A.M. Finance, a decentralized lending protocol, has revealed that it will be “the first” protocol in the decentralized finance (DeFi) space to provide a Euro-backed stablecoin in, “with the addition of Tether tokens pegged to the euro (EURt).” Paolo Ardoino, CTO at Tether Operations Limited,… Read More

July 26, 2021 @ 9:49 am By JD Alois  |  

Tether, the largest stablecoin by market cap, is said to be a target of a criminal investigation in the US. According to a report in Bloomberg, the US Department of Justice is investigating whether, or not, executives committed bank fraud. Rumblings have long swirled around… Read More

June 28, 2021 @ 11:02 am By JD Alois  |  

In a speech delivered last Friday, Boston Federal Reserve President Eric Rosengren pointed a finger at top stablecoin Tether as a looming risk for the economy. Tether, or USDT, is the leading stablecoin in the crypto-ecosystem. Used by traders to move in and out of… Read More

May 24, 2021 @ 2:53 pm By JD Alois  |  

Tether (USDt) saw its market cap top $60 billion as crypto investors sought a safe haven during the most recent crypto crash. Currently, Tether is hovering below $60 billion as crypto markets appear to be recovering and Bitcoin has bounced by over 15% in the… Read More

May 16, 2021 @ 11:57 am By Omar Faridi  |  

Tether, the world’s largest stablecoin issuer, recently published a detailed Breakdown of its Reserves. Tether Holdings Ltd has shared the breakdown of the different categories of assets that form “the basis” of Tether’s issued USDT token reserves (at March 31, 2021). Tether‘s management noted that… Read More

April 1, 2021 @ 9:22 am By JD Alois  |  

In a post on its site, Tether Holdings Limited said a recent assurance opinion by Moore Cayman confirms that “information in the company’s Consolidated Reserves Report is accurate.” The report, a snapshot document from February 28, 2021, indicates that at that time Tether effectively held… Read More

July 21, 2020 @ 9:57 pm By Omar Faridi  |  

Paolo Ardoino, the CTO at Bitfinex and Tether and a highly skilled computer programmer, recently noted that the fairly recent involvement of world governments in projects aimed at launching their own central bank digital currencies (CBDCs) should not have a negative impact on stablecoins like… Read More

June 22, 2020 @ 7:16 am By Omar Faridi  |  

Tether Ltd, the company behind the world’s largest stablecoin USDT, has reportedly made a $10 million equity investment into the operations of the Celsius Network, a leading digital asset lending platform, which now has a $120 million pre-money valuation and $150 million post-money valuation. Celsius… Read More

June 21, 2020 @ 3:35 pm By Omar Faridi  |  

The global stablecoins markets recently surpassed the $11 billion mark. Many blockchain and crypto firms are beginning to realize the potential of stablecoins in facilitating many different types of transactions including cross-border or remittance payments. Tether (USDT), the blockchain-powered platform that powers the world’s largest… Read More

May 31, 2020 @ 10:25 pm By Omar Faridi  |  

Tether, the blockchain-powered platform that’s used to power the largest stablecoin by market cap, and Aave Protocol, an open-source and non-custodial money market protocol, have reported a significant increase in demand for Tether (USDT). They claim that the surge in demand for USDT may be… Read More

March 12, 2020 @ 7:13 pm By JD Alois  |  

Bitcoin, frequently labeled as an uncorrelated asset providing a safe harbor when more traditional investments, like stocks, have fallen down, has been crushed this week. Similar to just about everything else. Following a recent rise to over $1o,000 per BTC, the world’s most popular crypto… Read More

March 11, 2020 @ 6:39 pm By Omar Faridi  |  

Tether Ltd., a blockchain-powered platform that powers USDT, the world’s largest stablecoin by market cap, and Aave Protocol, an open-source and non-custodial protocol, are working cooperatively in order to promote the wider adoption of USDT in the evolving decentralized finance (DeFi) industry. USDT is used… Read More

January 31, 2020 @ 7:56 am By Omar Faridi  |  

Hong Kong-based digital asset exchange Bitfinex has introduced margin trading for Tether gold (XAU₮). Beginning on January 30, 2020, the exchange has confirmed it will support margin trading for XAU₮ with trading pairs for major fiat currencies including the US dollar and Bitcoin (BTC). Bitfinex’s… Read More

January 27, 2020 @ 2:52 am By Omar Faridi  |  

Tether Ltd., the firm that issues the world’s largest stablecoin USDT with a market capitalization of more than $4.6 billion, recently announced the launch of a new product, called Tether Gold (XAU₮), which will provide the “security of a digital asset pegged to physical gold”… Read More