Sunday, March 26, 2023

Tether (USDT)

Tether’s Excess Reserves and Projected Profits Offer Reassurance

Tether announces $1.6 billion in excess reserves to back USDT stablecoin. Tether faces regulatory scrutiny and criticism for its lack of transparency and alleged involvement...

USDC and USDT Sustain Tight Stablecoin Dominance Contest

Cryptoquant data reveals a tight dominance contest between USDC and USDT. The market capitalization share of USDC is 43.78%, while that of USDT is 44.60%. Users...

Binance CEO CZ Calls Attention to USDT’s Growing Market Cap

Changpeng Zhao recently pointed out the irony in the winding down of Binance USD (BUSD). The Binance chief highlighted the crackdown on BUSD despite being...

Whales Move $1B USDT Off Crypto Exchanges In The Past Four Days

Santiment captured four USDT transfers of $1B in the last ten days. Data suggests that whales moved out their USDT due to USDC instability. Bitcoin broke...

Tether Fanatics Label WSJ’s Report On Suspicious Activities As FUD

Tether maximalists are describing a recent WSJ report as an attempt to spread FUD through misinformation. The report alleged that Tether used falsified documents and...

USDT and USDC Gain Momentum Following BUSD Collapse

USDT has witnessed significant growth following the regulatory scrutiny faced by the stablecoin market. Circle's USD Coin, the second-largest stablecoin, grew over $700 million. The impact...

Security Platform Identifies USDT Scam Syndicate on YouTube

WhiteSecure has identified a USDT scam trend on YouTube. The identified apps request investments from unsuspecting users, promising returns. Identified apps include YouTube channels with significant...

Justin Sun Working With Binance To Reduce Tron’s Withdrawal Fees

Binance recently increased the Tron network withdrawal fee on its platform.  The fee hike ranged from 160% to 1400% per withdrawal.  Tron founder Justin Sun has...

Tether Has Moved Reserves to Capital Union and Two Other Firms

Tether has moved $37 billion of its reserves to Capital Union Bank in 2021. The transfer of the share followed the company’s settlement with the...
 

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