Tag: Tether

Tether Market Cap Rises to Record High of $83.2 Billion Despite Falling Stablecoin Market

Despite a declining stablecoin market, Tether, the stablecoin issuer, has restored its USDT to its prior all-time high market capitalization. The market capitalization of...
Cryptocurrency

15% of Tether’s Profits Will Be Invested in Bitcoin

Tether announced on Wednesday that it would begin making regular purchases of Bitcoin to boost its excess reserves. Starting this month, the corporation will...
Cryptocurrency

One year after the Terra Collapse, Tether Nears ATH Market Cap with $3.4 Billion in Gold Reserves

One of the dollar-pegged cryptocurrencies impacted by the Terra ecosystem collapse was Tether (USDT), the largest stablecoin in the world by market value. After...
Cryptocurrency

Despite Heightened FUD, Tether Publishes Its Q1 USDT Profit Estimate

Tether is confident about its Q1 earnings, particularly now that March is coming to an end. Numerous factors contributed to the increase in demand...
Cryptocurrency

Tether Reports Having Q4 Net Profit of $700 Million in the Most Recent Attestation Report

Tether, a stablecoin issuer, published its most recent attestation report on Thursday. In it, the company claims a $700 million profit in the fourth...
Cryptocurrency

Following the OSC Ban, Crypto.com Delists USDT for Canadian Users

User allegations that went viral on social media on January 10 claim that the cryptocurrency exchange Crypto.com will delist Tether (USDT) for Canadian users...
Cryptocurrency

Ethereum, Bitcoin, and Tether Are Classified as Commodities by the CFTC

Commodity Futures Trading Commission (CFTC) has filed a fraud lawsuit in the United States District Court for the Southern District of New York against...
Cryptocurrency

Is the FTX Mayhem Impacting Circle’s USDC and Tether? CEOs Denies Rumors

Amidst the commotion surrounding FTX and the Binance acquisition, several rumors about probable contagion consequences are now spreading. If the Binance acquisition fails to materialize,...
Cryptocurrency

Justice Department Reopens Tether Bank Fraud Investigation

The Justice Department's investigation into the contentious cryptocurrency Tether has been having trouble coming to a resolution. A new team is now attempting to...
Cryptocurrency

The USDT stablecoin on Polkadot is being launched by Tether

The USD Tether (USDT) stablecoin was introduced by Tether Limited on Polkadot, a network that allows for communication between several proof-of-stake blockchains. On Friday,...
Cryptocurrency

According to Tether, new court order requesting USDT reserve backing is merely a “routine discovery matter”

The creator of the stablecoin that is pegged to the US dollar, Tether (USDT), claimed on Wednesday that a recent court ruling requiring the...
Cryptocurrency

Tether responds to “misinformation” from the Wall Street Journal

The Wall Street Journal has received a response from Tether Holdings Limited on an article that it alleges spreads "false information" about the stablecoin...
Cryptocurrency

As total supply reaches 55.9B, USDC’s “real volume” flips Tether on Ethereum

In the last 24 hours, USDC's real volume on the Ethereum network has nearly doubled that of USDT, which may be another indication that...
Cryptocurrency

Tether is launching a stablecoin that is pegged to the peso

As the stablecoin blockchain makes its debut in Latin America, Tether has launched a new stablecoin that will be tied to the Mexican Peso. The...
Cryptocurrency

Tether Continues To Be On Decline – Nearly $1 Trillion Was Wiped From Crypto Markets Over The Last 7 Weeks

Crypto markets have been bleeding since early April this year, as most other asset classes have been pushed down by the current economic crisis....
Cryptocurrency

Tether reduced commercial paper holdings by 17% in the first quarter of 2022.

Tether, the issuer of the world's most widely used stablecoin, USDT, has decreased 17 percent of its commercial paper holdings and boosted US Treasury...
Cryptocurrency

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