Category: Tether

Regulators scrutinizing Tether’s commercial paper reserves: Comptroller of the Currency

Regulators scrutinizing Tether’s commercial paper reserves: Comptroller of the Currency

Tether is still under regulatory pressure with eyes now cast towards its commercial paper reserves. 2127 Total views 6 Total shares The firm behind the world’s leading stablecoin, Tether, is facing more regulatory pressure this week with U.S. financial watchdogs scrutinizing the composition of its reserves. According to a July 27 Bloomberg report the Acting […]

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Auditors reveal USDC backing as Jim Cramer sounds alarm over Tether’s mad money

Auditors reveal USDC backing as Jim Cramer sounds alarm over Tether’s mad money

Auditors working for Circle have disclosed the reserves backing the firm’s USDC stablecoin, while Mad Money’s Jim Cramer has questioned Tether’s lack of transparency with its USDT reserves. Multi-national tax advisory firm Grant Horton conducted the audit, and a reserve attestation report was published on July 20 which showed that 61% of USDC’s reserves were […]

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Federal Reserve official: Stablecoin growth is ‘exponential,’ deserves ‘attention’

Federal Reserve official: Stablecoin growth is ‘exponential,’ deserves ‘attention’

Boston Federal Reserve President Eric Rosengren notes that Tether could be a “disruptor” to short term credit markets. 7165 Total views 9 Total shares While a presentation yesterday from Boston Federal Reserve President Eric Rosengren has some members of cryptoTwitter spooked at the idea of regulation and oversight, the central bank might simply be pondering […]

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Altcoin Roundup: Post-crash prices give investors a chance to build a diversified portfolio

Altcoin Roundup: Post-crash prices give investors a chance to build a diversified portfolio

Welcome to Cointelegraph Market’s Altcoin Roundup, an in-depth newsletter that focuses on investing from the perspective of fundamental analysis and seeks to identify emerging blockchain projects and tokens that fill niche demands within the growing cryptocurrency market. The concept of multi-sector investing has long been advocated in traditional finance as the conventional approach to building […]

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