Tag: tether

Feb 01 2023

Tether denies borrowing from bankrupt Celsius

Feb 01 2023 Published at CryptoSlate under tags  bankruptcy celsius lending tether

Tether's (USDT) chief technology officer Paolo Ardoino has denied that the stablecoin issuer took a loan from Celsius in a Jan. 31 tweet. Ardoino responded to a Twitter thread on the Celsius examiner report that said that Tether, alongside Three Arrows Capital and Alameda...

Jan 21 2023

5 Top Stable Coins To Add To Your Portfolio This Week

Jan 21 2023 Published at Coingape under tags  dai news stablecoin news stable coins tether

Many investors are being saved by stablecoins from the almost inevitable volatility of the...

Dec 14 2022

Stablecoin Exit Of 2022: $14.3 Billion Redeemed Since March

Dec 14 2022 Published at Bitcoinist.com under tags  binance usd bitcoin btc btcusd busd

2022 has been the year of mass exit from stablecoins as more than $14.3 billion has been redeemed from these tokens since March. Total Stablecoin Supply Is Down 8% From March 2022 Peak According to the latest weekly report from Glassnode, the stables observed expansion throughout 2020 and 2021. The relevant indicator here is the "stablecoin supply...

BUSD’s supply falls below $20B as USDC’s supply climbs above $45B

Dec 14 2022 Published at CryptoSlate under tags  binance busd stablecoins tether usdc

Binance USD's (BUSD) supply declined by over 15% to $18.8 billion from $22 billion within the last 24 hours after Binance experienced a surge in withdrawals. The withdrawals appeared to have affected BUSD's supply as it dropped below $20 billion for the first time since climbing above it in September when Binance...

CFTC considers Bitcoin, Ethereum, Tether to be commodities

Dec 14 2022 Published at CryptoSlate under tags  bitcoin btc cftc eth ethereum

The U.S. Commodity Futures Trading Commission (CFTC) stated in its Dec. 13 court filing against FTX founder Sam Bankman-Fried that digital assets like Bitcoin(BTC), Ethereum (ETH), and Tether (...

Tether plans to reduce secured loans to zero in 2023

Dec 14 2022 Published at Coinscreed under tags  altcoin news fud secured loans tether usdt

Amid the crypto market FUD and in order to reestablish trust in the customers, Tether, the biggest stablecoin issuer in the world, has promised to reduce its secured loans in reserves to zero in the coming year. The stablecoin issuer addressed recent mainstream media FUD (fear, uncertainty, and doubt) over its secured loans in a […] The post...

Dec 13 2022

Tether to reduce secured loans to zero by 2023

Dec 13 2022 Published at CryptoSlate under tags  stablecoins tether usdt

Tether (USDT) said it would remove its secured loans in its reserves by 2023, according to a Dec. 13 blog post. A Dec. 1 Wall Street Journal report said Tether's secured loan was 9% (roughly $6.1 billion) of its total assets as of Sept. 30. The report added that the stablecoin...

Will This Move By Tether Finally Put All FUDs To Rest?

Dec 13 2022 Published at Coingape under tags  fud news tether

With mounting concerns over Tether's growing number of secured loans and it being a reason for the stablecoin issuer's eventual demise, Tether...

Dec 09 2022

Coinbase Pushes Users to Swap USDT for USDC

Reading Time: 2 minutes Coinbase has offered users fee-free USDT-USDC conversions Coinbase co-founded USDC in 2018 with...

Just-In: Tether CTO Criticizes Coinbase For Asking Users Convert USDT To USDC

Dec 09 2022 Published at Coingape under tags  coinbase news tether usd coin

Crypto exchange Coinbase has asked users to switch from Tether (USDT) to Circle's USD Coin (USDC), referring USDC as a "trusted and...

Dec 06 2022

Breaking: Tether Launches Chinese Yuan (CNH₮) On Tron

Dec 06 2022 Published at Coingape under tags  china digital currency news tether

On Dec. 6, Tether, the stablecoin issuer, revealed that its offshore Chinese Yuan (CNH) would now be available on the Tron blockchain. Using the Tron...

Dec 02 2022

“Why Doesn’t Tether Publish USDT Reserves” : Founder Responds

Dec 02 2022 Published at Coingape under tags  news tether usdt reserves

According to a recent report, Tether, the issuer of the USDT stablecoin, has...

Nov 30 2022

Bitfinex holds the highest amount of Tether(USDT) at 60%, exchange balances surpass ATH

Nov 30 2022 Published at CryptoSlate under tags  exchanges stablecoins tether

Amidst increased bearish action on the cryptocurrency market, digital assets are offloading from exchanges and finding their way into cold wallets. However, the case is pretty different for Bitfinex's stablecoin inflows, which according to onchain data provider Glassnode, Tether (USDT) holdings on the exchange broke a...

Nov 24 2022

Nov 12 2022

Just-In: Tether Starts Blacklisting USDT Of FTX Exploiter

Nov 12 2022 Published at Coingape under tags  altcoin news ftx news tether

In response to the sudden movement of funds out of FTX and FTX US wallets, Tether took a protective measure by blacklisting USDT...

Tether ‘Blocklists’ Mysterious FTX Wallet Accounts

Nov 12 2022 Published at Coinscreed under tags  chainlink ftx news tether

Tether has blacklisted more than $3.9 million in tether on Avalanche and $27.5 million on Solana which was linked to the FTX account drainer. Tether has outsmarted whoever is moving money around in mysterious ways with FTX crypto wallets and has started selling tokens from different networks. After news of a hack at FTX, more […] The post Tether...

Nov 11 2022

Tether Chief Technology Officer Confirms No Plans To Save FTX

Nov 11 2022 Published at Coinscreed under tags  crypto exchange news ftx tether

Tether has indicated that it has no plans to invest cash into FTX, despite the CEO allegedly approaching many companies for assistance. As it struggles to close a reported multi-billion dollar hole in its balance sheet, cryptocurrency exchange FTX has lost at least one potential rescuer.On November 10, Paolo Ardoino, the chief technology officer of […] The post...

Genesis Trading Claims $175M Of Funds Are Locked In FTX

The most recent company to declare exposure to FTX is Genesis Trading and it may seek assistance from its parent company. Genesis Trading, the market maker and lending arm of Digital Currency Group, disclosed that its derivatives business has about $175 million in funds stashed away in an FTX trading account in what it describes […] The post...

Market volatility and redemptions destabilize major stablecoins

Nov 11 2022 Published at Coinscreed under tags  ftx market analysis stablecoins tether usdc

Almost all significant stablecoins lost their dollar pegs after the FTX scandal, but most have gained them again as markets have stabilized. Stablecoins have been affected by this week's significant market volatility, which was brought on by the failure of the FTX exchange, with many of them momentarily de-pegging. The fall in cryptocurrency prices this […] The post...

Tether CTO affirms there are no intentions to save FTX

Nov 11 2022 Published at Coinscreed under tags  ftx news tether tether cto

Tether has indicated that it has no plans to invest cash into FTX, despite the CEO allegedly approaching many companies for assistance. On November 10, Tether CTO, Paolo Ardoino, affirmed the company has "no plans to invest or lend money to FTX/Alameda." As it struggles to close a purported multi-billion dollar hole in its financial […] The post...

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