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...
Many investors are being saved by stablecoins from the almost inevitable volatility of the...
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...
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...
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...
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...
Reading Time: 2 minutes Coinbase has offered users fee-free USDT-USDC conversions Coinbase co-founded USDC in 2018 with...
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...
According to a recent report, Tether, the issuer of the USDT stablecoin, has...
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...
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...
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...
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...
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 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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