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Tether Mints $1 Billion USDT for “Inventory Replenish” on Ethereum Network
26.12.2023
Source: Pixabay Tether has minted $1 billion USDT for an “inventory replenish,” according to CEO Paolo Ardoino. In an X post on Monday, blockchain tracking platform Whale Alert reported that the Tether Treasury had minted $1 billion of its eponymous stablecoin, USDT. Tether CEO Ardoino responded...
Can Tether overcome controversies and maintain market dominance?
26.12.2023
As a leader in the stablecoin space and a mainstay of blockchain finance since its founding by iFinex Inc. in 2012, Tether has substantially impacted the state of digital assets. Despite being praised for its ingenuity, Tether has encountered controversy, especially regarding its pegging process...
Brandt Bucks BTC Halving Hype, Vitalik’s Big Transfer, Spot Bitcoin ETF Developments, and More — Week in Review
24.12.2023
Trader and financial analyst Peter Brandt says that BTC “halving hype is a whole lot of excitement over nothing,” while developments point to imminent SEC action on the spot bitcoin exchange-traded fund (ETF) front. In other popular news this week, Ethereum co-founder Vitalik Buterin...
Report Highlights USDT’s Role in the Underground Economy of Cambodia
20.12.2023
A recent report from the South China Morning Post (SCMP) explains the enabling role that Tether’s USDT has on the underground Chinese-linked economy of Cambodia. The stablecoin is allegedly used in different activities like sidestepping capital controls for Chinese nationals, who can use...
Tether partners with major payments processor to increase USDT adoption amongst businesses
20.12.2023
Tether (USDT), launched in 2014, is a leading stablecoin pegged to the US dollar for stability. It offers reliable digital alternatives to volatile cryptocurrencies like Bitcoin. With stablecoins tied to various fiat currencies, Tether simplifies cross-border payments and reduces the need...
S&P’s Stablecoin Report Is a Vote of Confidence for Crypto
19.12.2023
Stablecoins are “something we're putting strong resources towards, because we know it's a growing area both in traditional and new financial areas,” a leading S&P analyst said
Tether’s USDT Stablecoin Depegs from US Dollar on Exchanges After Company Froze $435M
18.12.2023
Tether’s cooperation with law enforcement has led to the USDT depeg crisis. Image by akif, Adobe Stock. Tether’s USDT, the largest stablecoin by market capitalization, depegged from its intended $1 price amid growing scrutiny over the company’s December 15 announcement of a wallet-freezing...
Tether Confirms Extensive Collaboration With DOJ, FBI and Secret Service
18.12.2023
Tether, the stablecoin company, has confirmed it has collaborated extensively with a series of U.S government agencies, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and the Secret Service. These team-ups are focused on making the stablecoin ecosystem safer...
Tether CEO Details Partnership with FBI and Secret Service in Letter to Legislators
17.12.2023
Source: Unsplash Tether, the company responsible for the USDT stablecoin, has made public letters it sent to the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Financial Services Committee, underscoring its dedication to security and close cooperation with...
Connect Kit Exploit Sparks Criticism of Ledger’s Security Framework
15.12.2023
On Dec. 14, 2023, Ledger’s Connect Kit, a Javascript library for wallet connectivity, suffered a significant exploit. This incident, which was contained within two hours, has brought forth a number of criticisms of Ledger’s security practices. Ledger Exploit Elicits Mixed Reactions From...
Adam Back Says ‘Suck That Truthoors’ as Cantor Fitzgerald CEO Reveals Company Holds Tether’s Treasuries
15.12.2023
Howard Lutnick, CEO of Cantor Fitzgerald, a Wall Street private financial services company, has recently confirmed that they lent their services to Tether, the issuer of the biggest stablecoin in the cryptocurrency market. On CNBC’s Money Movers, Lutnick stated that he was a fan of Tether...
The Tether Killer? A True Stablecoin Would Enhance Banking and Crypto
13.12.2023
Tether Scores Second-Lowest Rank in S&P Global Stablecoin Stability Assessment
13.12.2023
USDT was assigned a low score of four, meaning the largest stablecoin is constrained in its ability to maintain its peg to fiat
Cantor Fitzgerald’s CEO Says He’s A Big Fan of Bitcoin and Stablecoin Issuer Tether
13.12.2023
Image Source: Pixabay Howard Lutnick, the CEO of Cantor Fitzgerald says he is a fan of Bitcoin (BTC) citing the halving cycle and its decentralized nature as reasons behind the widespread popularity. Speaking at CNBC’s Money Mover podcast, the CEO commented on inflation, the reaction of the Feds...
Cantor Fitzgerald CEO Is a Bitcoin Maxi and Tether Fan
13.12.2023
Cantor Fitzgerald is one of the custodians for Tether's $90 billion worth of treasuries
Stablecoin Tether Receives ‘Constrained’ Rating from S&P Global
13.12.2023
Source: AdobeStock American credit ratings firm S&P Global Inc. said it has started assessing the ability of Tether (USDT) to maintain its peg to the U.S. dollar marking it at a ‘constrained’ rating of 4. Stablecoins are a cryptocurrency whose value is usually pegged to a fiat currency...
Tether Freezes Tokens of Sanctioned Individuals Listed by OFAC
11.12.2023
Source: Pixabay Tether (USDT), the company behind the world’s largest stablecoin, has frozen the wallets of individuals sanctioned by the U.S. Office of Foreign Asset Controls (OFAC). In a recent announcement, the company said it aims to prevent potential misuse of its tokens and enhance...
Tether Implements New Stablecoin-Freezing Policy After Seizing Funds Tied to OFAC Sanctioned Entities
10.12.2023
Tether, a leading stablecoin company in the crypto industry, has announced a significant new initiative aimed at strengthening the security of the crypto asset ecosystem. The company announced this weekend that its recent move to voluntarily freeze tether-holding wallets linked to the Office...
Tether Freezes 41 Crypto Wallets Tied to Sanctions
9.12.2023
Stabelcoin issuer Tether blacklisted 41 wallets controlled by people on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List on Saturday
Battle of the Stable Coins: Tether, USD Coin, and Dai Face Off in a Competitive Market
9.12.2023
In the ever-volatile world of cryptocurrencies, stablecoins have emerged as a haven for investors looking to hedge against market unpredictability. Three of the most notable stablecoins, Tether (USDT), USD Coin (USDC), and Dai (DAI), are now in a fierce competition to dominate this growing market....