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Nalezeno "Tether": 2010

Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume

7.8.2023
In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its supply over the preceding 30 days. Unstable Times...

Weekend Wrap: Celsius’ Mashinsky fraud suit is on, Tether class suit dismissed and more

7.8.2023
The former Celsius CEO has been denied a lawsuit dismissal, Tether celebrates a minor court victory and China vows to crack down on telecoms fraud using crypto and AI

Tether unveils mining software to boost efficiency and capacity

6.8.2023
The recently introduced Tether BTC mining software’s primary aim is to enhance the efficient management of mining capacity, leading to more effective operations

Class Action Lawsuit Against Tether, Bitfinex Dismissed

5.8.2023
A class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by a federal judge in New York. The judge ruled the complaint lacked plausible claims of injury and failed to show that Tether’s stablecoin USDT had diminished in value. Judge Dismisses Market...

Reports Suggest 11th-Largest Bitcoin Wallet Belongs to Stablecoin Giant Tether

5.8.2023
A 21.co research analyst has disclosed that Tether, the company behind the world’s most prominent stablecoin by market capitalization, could potentially hold the 11th-largest bitcoin (BTC) address. Additionally, an individual familiar with the matter has verified to The Block that said...

Class-Action Lawsuit Against Tether and Bitfinex Thrown Out

5.8.2023
In a significant legal victory for Tether and Bitfinex, Chief Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York dismissed a class action lawsuit brought against the stablecoin issuer. The lawsuit, filed by Matthew Anderson and Shawn Dolifka in 2021, alleged...

Bitcoin Price Prediction As Tether Depegs From $1 – Is BTC in Trouble As Well?

5.8.2023
Bitcoin's price is trading choppy above the $29,000 threshold, and has captured the attention of traders and investors. The current live price of Bitcoin stands at $29,040, with a 24-hour trading volume of $11.3 billion. As per the recent data, Bitcoin has experienced a nearly 0.50% decline over...

Tether (USDT) Loses 1:1 to US Dollar Amid Heightened Sell Pressure in Curve’s 3pool

4.8.2023
Tether (USDT), the USD-pegged stablecoin issued by web3/fin tech company Tether, fell slightly below its 1:1 peg against the US dollar on Thursday on decentralized exchange (DEX) Curve Finance, pushing the DEX’s main stablecoin liquidity pool (Curve 3pool) into imbalance. USDT fell as low as 0.998...

Traders Ditch USDT on Curve, Uniswap, Pushing Key Exchange Pools Into Imbalance

3.8.2023
Similar imbalances happened when Terra imploded in May 2022 and after the Silicon Valley Bank crisis hit USDC issuer Circle in March

USDT Issuer Tether Bought $45.4 Million Worth of Bitcoin in Q2 – Here’s What This Means for the BTC Market

3.8.2023
The issuer of the world’s most popular USD-pegged stablecoin USDT, Tether, bought 1,529 bitcoin (BTC) worth $45.4 million in Q2, as per comments by the company’s CTO cited by Bitcoin Magazine. The purchase shows that Tether is following through on a plan announced back in May to allocate 15%...

Tether Is Going on a Bitcoin Buying Spree, but It Should Be Holding Cash

3.8.2023
The USDT issuer Tether says it holds a lot of U.S. Treasuries and made a lot of money last quarter

Stablecoins: A Potential Counter to De-Dollarization

3.8.2023
Demand for greenbacks in the global economy is increasingly flowing into permissionless stablecoins, even as domestic policies and foreign efforts like a BRICS-issued currency could erode the U.S. dollar's overall dominance

Binance CEO CZ Explores Diversifying Stablecoin Strategy, Eyes Smaller Algorithmic Tokens

2.8.2023
During a Twitter "Ask Me Anything" (AMA) session on July 31, Binance CEO Changpeng "CZ" Zhao expressed his intention to introduce smaller algorithmic Stablecoins to the market for investors to have alternatives to the existing global Stablecoin giants. In the session, CZ highlighted concerns...

Tether Attestation Reveals Reserve Increase of $850 Million in Q2, Excess Reserves Reach $3.3 Billion

1.8.2023
Tether, the company behind the USDT stablecoin, has published an attestation revealing the company’s financials during Q2 2023. The document, prepared by BDO, a network of accounting and consulting services, found Tether has increased its reserves by $850 million during this period, with...

Tether's Q2 Results: $3.3 Billion in Excess Reserves, Surpassing $1 Billion in Operational Profits

1.8.2023
Stablecoin issuer Tether’s consolidated reserves report for the second quarter of 2023 shows that the company has around $3.3 billion in excess reserves, while profits increased 30% from last quarter to over $1 billion. The report, which was attested by accounting firm BDO, noted that the excess...

Zero Transfer scammer steals $20M USDT, gets blacklisted by Tether

1.8.2023
Zero transfer scams are becoming prominent in the crypto ecosystem with these phishing scams having already siphoned over $40 million in 2023

The rise of Tether in gaming: Is it worth or not?

1.8.2023
Tether has become increasingly popular in the online gaming world as it provides a secure and dependable medium for transferring funds between different platforms. Its utilization eliminates the need for manual currency conversion and decreases the transaction fees associated with other payment...