Tether (USDT)
Tether Becomes the Biggest Buyer of US Treasuries, Says Report
Gabor Gurbacs, the Strategy Advisor at the global investment firm VanEck Associates Corporation, shared on Twitter that while foreign central banks are selling U.S. Treasuries, the asset-backed stablecoin Tether is...
Tether’s Excess Reserves and Projected Profits Offer Reassurance
Tether, the cryptocurrency firm that issues the popular USDT stablecoin, has announced it has around $1.6 billion in excess reserves to back the digital currency. The company’s technology chief, Paolo...
USDC and USDT Sustain Tight Stablecoin Dominance Contest
Data from Cryptoquant, the on-chain data platform, reveals a close contest between USDC and USDT stablecoins in terms of dominance. According to a Cryptoquant analyst, the market capitalization share of...
Binance CEO CZ Calls Attention to USDT’s Growing Market Cap
Changpeng Zhao, the man behind the world’s largest crypto exchange Binance, took to Twitter earlier today to point out the current environment in the stablecoin market. The Binance CEO began...
Whales Move $1B USDT Off Crypto Exchanges In The Past Four Days
In a recent update, market intelligence platform Santiment reported that there had been a surge in large transfers of stablecoin Tether (USDT) over the past year, with eight of such...
Tether Fanatics Label WSJ’s Report On Suspicious Activities As FUD
Tether fanatics and maximalists have taken issue with a recent report from the Wall Street Journal which alleged that the USDT issuer used falsified documents and shell companies in order...
USDT and USDC Gain Momentum Following BUSD Collapse
Following the recent regulatory scrutiny faced by the stablecoin market, USDT, the world’s largest stablecoin, has witnessed massive growth. As reported earlier, New York-based Paxos Trust Company, which mints Binance’s...
Security Platform Identifies USDT Scam Syndicate on YouTube
Corporate Cyber Securities Solutions platform WhiteSecure has identified a USDT scam trend on YouTube. WhiteSecur’s discovered cases are in their thousands and suggest a growing pattern that could escalate if...
Justin Sun Working With Binance To Reduce Tron’s Withdrawal Fees
Justin Sun, the founder of Tron, has addressed the recent hike in the withdrawal fees from Binance on its platform. The increase in withdrawal fees was promoted by the approval...
Tether Has Moved Reserves to Capital Union and Two Other Firms
According to the latest report, Tether Limited Inc., the leading cryptocurrency exchange that launched the asset-backed stablecoin Tether has moved a major share of its reserves to three financial institutions...
50% of USDT is on Tron, Has Been Growing: Crypto Analyst
Founder of Dynamo Defi Analytical Space Patrick Dynamo Defi has tweeted about the blockchain-based platform Tron’s performance. According to his tweet, “more than 50% of USDT,” was present on the...
Tether is Owned by Scant Experienced Founders, Says Report
According to a recent Wall Street Journal article, new information about the founders and owners of Tether holdings have emerged. The documents reviewed by the WSJ revealed that the $68...
‘Tether Never Borrowed From Celsius,’ Says Tether CTO Paolo Adroino
The fallout from the sensational report filed by Celsius’ examiner has caught the world’s largest stablecoin in its crosshairs. The independent examiner claimed in her final report that Tether had...
Circle’s December 2022 Report Says USDC is Overcollateralized
The USDC stablecoin issuer, Circle, has released its December 2022 report, as reviewed by the Grant Thornton accountancy group. The report reveals details of Circle’s overcollateralized assets backing USDC tokens....
Tether Overpowers Visa and Mastercard Concerning Settlement Volume
Reportedly, the leading stablecoin Tether (USDT) has outdone the major credit card providers including Visa and Mastercard in terms of settlement volume. Notably, the settlement volume of USDT is $18.2...
Fall of Stablecoins Will Affect US Bond Markets: Warns Eswar Prasad
During the Crypto Finance Conference, at St. Moritz, Switzerland, Eswar Prasad, Professor at Cornell University warned that the fall of the major stablecoins could severely impact the US bond markets....
Crypto.com To Delist Tether in Accordance With Canada’s Regulation
In an email to the customers, Crypto.com shared that it has decided to delist Tether in accordance with Canada’s regulations. The crypto application notified their Canadian customers in an email...
Stablecoin Settlements Reach $7 Trillion in 2022, Beat Credit Card Providers
According to the data obtained from CoinMetrics, the leading crypto financial intelligence platform, stablecoins achieved a new record total settlement volume this year. Comparatively, the record volume is higher than...
Coinbase Trashes Tether’s USDT asking Clients to Switch to USDC
Coinbase urges users to ditch USDT. The exchange is offering USDT to USDC conversion without incurring a fee. The firm assets USDC is audited regularly. As concerns about Tether’s USDT’s...
TRON’s Bulls Dominate Despite Technical Indicator Projections
Tether Operations Limited’s statement sets the tone for TRON investors. According to recent data, digital currency has been on an upward trajectory. TRX market has found support in the previous...
Ex-SEC Official Calls Tether USDT A Ponzi House of Cards Scheme
John Stark believes USDT issuer is a Ponzi scheme. WSJ’s reporter claimed Tether doesn’t publish audited financial statements. Tether’s financial statement shows a $2 billion increase in USDT loan issuance....
Tether Financial Statement Shows a $2 Billion Rise in USDT Loans
Tether attained a $2 billion rise in loan issuance since December 2021. The company hit $6.1 billion in secured loans as of September, representing 9% of its total assets. Previously,...
Is There Any Truth about the FUD Panic Call on USDT?
USDT value temporarily slipped by a minuscule percentage creating FUD. Tether’s CTO noted no cause for alarm as the company has enough reserve to cover USDT swaps. FUD calls previously...
El Salvador Joins Hands with Lugano to Establish Bitcoin Embassy
El Salvador has signed an MoU with Lugano to boost Bitcoin adoption A “Bitcoin office” has been established in Lugano Under “Plan B,” users will be able to utilize Bitcoin,...
The U.S. Charged 7 People for Using Crypto To Evade Sanctions
U.S. DOJ has filed charges against five Russians and two Venezuelans The alleged were charged with running a global money laundering network The accused used USDT to circumvent sanctions The...
