Tagged: tether

May 12, 2022 @ 10:21 am By JD Alois  |  

Tether, issuer of the dollar-based stablecoin USDT, has announced that it will honor all redemptions at USD $1 for all verified customers. The commitment by Tether arrives at a time of unprecedented volatility in crypto markets. In recent days, algorithmic stablecoin TerraUSD (UST) was hit… Read More

March 27, 2022 @ 3:30 pm By Omar Faridi  |  

As the global crypto market keeps growing, stablecoins are playing “a more indispensable role, with TRC20-USDT becoming a mainstay.” On March 23, 2022, Tether’s (USDT) official data showed that “the supply of TRC20-USDT topped 40.7B, surpassing that of ERC20-USDT (39.8B).” This is another milestone for… Read More

March 5, 2022 @ 7:55 am By Omar Faridi  |  

Polygon and Tether stablecoin are reportedly backing the City of Lugano in its effort to transform this lakeside town in southern Switzerland into Europe’s “blockchain capital.” Lugano will reportedly allow citizens and companies “to use Bitcoin, Tether, and the city’s own LVGA stablecoin to pay… Read More

February 10, 2022 @ 5:44 pm By JD Alois  |  

Earlier this week, the House Committee on Financial Services held a hearing on stablecoins or digital assets tied to fiat currency. The Hearing was driven by the recent report by the President’s Working Group (PWG) on Financial Markets. While stablecoins are not (yet) systemically worrisome,… Read More

December 29, 2021 @ 7:21 pm By Omar Faridi  |  

The Coin Metric State of the Network Report #135 notes that decentralized finance (DeFi) has experienced tremendous growth during the past few years. At present, the most widely-used metric to measure DeFi adoption is called “Total Value Locked”, or TVL. According to Coin Metrics researchers,… Read More

December 27, 2021 @ 1:40 pm By Omar Faridi  |  

The blockchain and crypto-assets space has grown tremendously during the past 18 months due in part to the acceleration of the ongoing digital transformation. Many more consumers and business organizations are completing tasks online instead of visiting physical locations to avoid the further spread of… Read More

December 22, 2021 @ 3:58 pm By Tony Zerucha  |  

There was no surprises at the top when GlobalData released the top 10 cryptocurrencies for 2021 in terms of how many social media conversations they generated through the year, up to Dec. 9. Twitter and Reddit feeds were monitored. Bitcoin generated close to 900,000 discussions… Read More

November 18, 2021 @ 6:00 am By Tony Zerucha  |  

Tether Operations, the company operating the blockchain-enabled platform tether.to, has commenced operations with Shyft Network, starting with active testing of Veriscope, its decentralized compliance framework and smart contract solution to the Financial Action Task Force’s (FATF) Travel Rule. The initiative will assist virtual asset service… Read More

November 16, 2021 @ 4:00 pm By Omar Faridi  |  

Synonym Software Ltd, a firm founded with the goal of bringing self-ownership and control to the crypto-asset ecosystem by “creating an open and free web of trust” has officially launched today (on November 16, 2021). As mentioned in an update shared with CI, the preface… Read More

November 10, 2021 @ 10:23 pm By Tony Zerucha  |  

Smart contract platform RSK’s expansion throughout the Philippines will result in more access to stablecoins for investors living in the country. Given their peg to existing assets such as fiat currencies, precious metals and, on occasion, other cryptocurrencies, stablecoins are less vulnerable to the wild… Read More

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 @ 5:44 pm By JD Alois  |  

As was reported earlier today, Tether – the leading dollar-based stablecoin (USDT), along with crypto exchange Bitfinex, were the targets of enforcement actions issued by the US Commodity Futures Trading Commission (CFTC). Both platforms are required to pay penalties with Tether paying $41 million and… 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 @ 4:04 pm By Omar Faridi  |  

AscendEX will be listing Sovryn (SOV) under the trading pairs SOV/USDT and SOV/BTC, beginning on September 15, 2021 “at 1:00 p.m. UTC, 2021.” Sovryn is notably one of Bitcoin (BTC)’s fastest-growing ecosystems. It’s the first Bitcoin-native application that will enable users to access decentralized trading… Read More

September 15, 2021 @ 10:13 am By Omar Faridi  |  

Paxful, an established and globally accessible P2P Fintech platform, reveals that it has performed an integration on the Lightning Network. More than 7 million Paxful users will now be able to “leverage the power of the Lightning Network, a system built on top of the… 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

September 4, 2021 @ 7:00 pm By JD Alois  |  

Last month Coinberry became the first “pure-play registered crypto trading platform” in Canada. At that time, Coinberry CEO Andrei Poliakov commented: “Canadians have been seeking a safe, trustworthy, and regulated platform to acquire crypto assets for far too long. We are finally thrilled to offer them… Read More

August 25, 2021 @ 9:31 am By Omar Faridi  |  

Bitcoin-focused firm Blockstream reveals that it has secured $210 million in capital as part of their Series B round at a $3.2 billion valuation. Blockstream’s investment round was led by Baillie Gifford and iFinex, the operator of Bitfinex. As mentioned in the announcement, this new… Read More