Tagged: usdt

The Money is All There: Cantor Fitzgerald Says Tether (USDT) is Fully Backed by Reserves

Over the years, Tether, the largest dollar-based stablecoin in the world, has been peppered with allegations of fraud and claims that the company did not have 1 to 1 reserves for USDT. In an interview with Bloomberg, held at Davos, Cantor Fitzgerald CEO Howard Lutnick… Read More

USDT Issuer Tether Challenges United Nations Report and Calls for Blockchain Education

Tether, the issuer of the USDT stablecoin, says they are disappointed in the UN’s assessment that singles out USDT “highlighting its involvement in illicit activity while ignoring its role in helping developing economies in emerging markets, completely neglected by the global financial world simply because… Read More

Stablecoin Report: USDT and USDC Continue to Lead Stablecoins Market, Supporting Web3 Development

OKX Ventures, the investment arm of OKX, released a detailed report on the current state and future prospects of the stablecoin market. The report provides an in-depth analysis of the stablecoin sector’s growth patterns, innovations, and future directions. Key highlights from the report include: Market… Read More

Tether has Made Public its Letters to Members of U.S. Senate Committee on Banking, Housing, and Urban Affairs, and U.S. House Financial Services Committee

Tether, which claims to be the largest company in the cryptocurrency industry, has made public its recent letters to the members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Financial Services Committee. Last October, a letter authored by… Read More

Tether Announces Initiative to Support Stablecoin Education in Thailand

Tether, which claims to be the leader in innovative blockchain technology, has announced recently a “significant” collaboration with Bitkub Online Co., Ltd. (Bitkub Exchange), Thailand’s cryptocurrency exchange (reportedly one of the most active in terms of crypto trading volume). This collaboration aims to launch “a… Read More

Following Investigations by Tether, OKX, US DoJ, $225M in “Stolen” USDT Now Frozen, Funds “Linked” to Crime Syndicate

Tether, the largest company in the cryptocurrency ecosystem, and leading global crypto exchange and Web3 technology company OKX, announced that they have assisted the United States Department of Justice (DOJ) in an investigation that “led to Tether proactively and voluntarily freezing approximately 225 million in… Read More

Top Stablecoin Tether is Nine Years Old

Tether, the leading stablecoin with a market cap of over $83 billion, is nine years old. A note from the firm reminds us that on October 6th, 2014, the dollar-based stablecoin ($USDT) launched on the Omni blockchain. Today, Tether’s nearest competitor is a third of… Read More

Stablecoins Now Serve A Key Role in DeFi Protocols, Acting as a Reliable Medium of Exchange Between Crypto Tokens – Report

Stablecoins are digital currencies which are pegged to major (and relatively stable) fiat currencies like the US dollar, Euro, the British pound (among others). Recently, the team at S&P Global provided a deep dive report into valuation and depegging of stablecoins. As explained in the… Read More

Fintech Bitwage Introduces Tether USDT on TRON, Aiming for Cost-Effective Crypto Payroll

Bitwage is pleased to announce the integration of Tether USDT via TRON network, marking another significant milestone in their journey “to deliver seamless cross-border and multi-currency services.” This addition to their stablecoin options “reaffirms their commitment to offering enhanced liquidity, efficiency, and convenience to our… Read More

Huobi Executives Reportedly Taken into Police Custody by Chinese Authorities

Digital currency exchange Huobi has reportedly seen total outflows of over $73 million during the last week, a time period in which a few of the firm’s executives were taken into police custody by authorities in China. Huobi operates one of the largest crypto exchanges… Read More

BTC Adoption in LatAm: Stablecoin Issuer Tether Participates in $1B Investment to Build Bitcoin Mining Farm in El Salvador

Tether, the company operating the fintech platform tether.to that powers the first and most “widely used” stablecoin in the world, announced it “has participated in the first round of a new billion dollar renewable energy initiative in El Salvador.” Following on its mission to invest… Read More

Stablecoins: Tether USD₮ Reaches All-Time High, Surpasses Previous Market Cap High of $83.2B

Tether, the company operating the blockchain-enabled platform tether.to that powers the first and most “widely used” stablecoin, has reportedly “surpassed its previous all-time market cap high of $83.2B set in May 2022.” Paolo Ardoino, CTO of Tether, stated: “Today’s numbers demonstrate that people want access… Read More

Stablecoins: Xapo Bank Expands Stablecoin Payment Rails, Becoming “First” Licensed Bank To Enable Tether Deposits, Withdrawals

Xapo Bank, a licensed private bank that aims to combine traditional banking with access to Bitcoin and stablecoins, claims to have become the first bank in the world to integrate Tether (USDT) payment rails. Xapo Bank is regulated and based in Gibraltar. Earlier this year,… Read More

Tether Claims it Has $1.6B in Excess Reserves to Back Stablecoin USDT

Crypto-asset firm Tether claims it has approximately $1.6 billion in excess reserves in order to fully back the issuance of its USDT stablecoin. Tether expects to record a $700 million profit in this latest March 2023 quarter, which will be taking its total excess reserves… Read More

Telegram to Support USDT Stablecoin Payments via Tron Blockchain Network

Telegram users are now able to send Tether’s USDT stablecoin to each other. As part of a recent notification, the messaging app provider told its users that the app’s wallet feature can support USDT-TRON, commonly referred to as the TRC-20 standard. The ability to accept… Read More

Tether Pushes Back on Another WSJ Report

On March 3rd, WSJ.com filed a report on Tether, once again alleging malfeasance at the firm that is the largest issuer of a dollar-based stablecoin USDT. According to the report, a USDT trader in China was attempting to use fake documents to maintain access to… Read More

Stablecoins: USDC Held on Binance Jumps, Nansen Predicts USDT to Grow More

The stablecoin market has emerged as a big target for US regulators. Following the news that BUSD, Binances’s dollar-based stablecoin managed by Paxos, was being targeted by regulators, industry observers began to wonder which shoe would drop next. According to crypto analyst firm Nansen, wallets… Read More

Coinbase Tells Customers to Use USDC Stablecoin, Throws Shade at Tether (USDT)

Coinbase (NASDAQ:COIN), the top crypto exchange in the US, has posted a statement telling customers to migrate from Tether – USDT, to USDC – the dollar-based stablecoin issued by Circle. In the post’s headline, Coinbase calls USDC “trusted and reputable,” insinuating that Tether is, well,… Read More

TripleA Enables Bigo Live’s Users to Pay with Digital Currencies

Bigo Live, which claims to be one of the world’s fastest-growing social live streaming platforms, has enabled their users to top up accounts by paying “with cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and USD Coin (USDC).” Powered by licensed crypto payment gateway TripleA,… Read More

USDT Stablecoin Issuer Tether Slashes Commercial Paper to Zero

Tether, the issuer of the world’s largest stablecoin USDT by market cap, announced on October 13, 2022 that it has “eliminated commercial paper from its reserves, replacing these investments with U.S. Treasury Bills (T-Bills).” This announcement “comes as part of Tether’s ongoing efforts to increase… Read More

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