Category: Tether

The way of the stablecoin: A journey toward stability, trust and decentralization

May 2, 2021

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Bitcoin (BTC) and other cryptocurrencies have opened the doors to a whole new world of finance. In their most basic form, cryptocurrencies allow people to transact in a fully trustless, transparent and efficient manner, cutting out the centralized intermediaries and counterparty risk previously associated with digital money transfers.  Thanks to blockchain technology, value can now […]

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Biggest one day USDC print in history marks lowest Bitcoin dominance in years

April 30, 2021

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The $3 billion USDC influx puts the total supply of the stablecoin at around $14,4 billion, reaching over a quarter of Tether’s market cap. 5639 Total views 28 Total shares More USD Coin (USDC) was printed on April 30 than at any time in the dollar-backed stablecoin’s existence, as just over $3 billion was minted […]

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Tether gets Coinbase’s seal of approval, will list on pro offering

April 23, 2021

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Coinbase seems to be signaling that the Nasdaq-listed crypto exchange is not concerned about the stablecoin’s regulatory issues. 6776 Total views 38 Total shares The United States’ largest cryptocurrency exchange, Coinbase, is listing Tether (USDT) on its professional trading platform. According to a Thursday announcement, Coinbase Pro has enabled USDT deposits ahead of the trading […]

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Tether launches on Hermez rollup as Ethereum starts falling behind

April 19, 2021

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Ethereum is starting to lose ground to its competitors for USDT usage, and Hermez may help to fix that. 15093 Total views 36 Total shares Tether (USDT) has now launched on Hermez Network, an Ethereum scalability solution based on the zk-rollup concept. Rollups provide a way of batching or “rolling up” transactions to lighten the […]

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Bitcoin exchanges just saw massive Tether stablecoin deposits

April 8, 2021

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Nearly half a billion in Tether (USDT) inflows were recorded on April 8 across major Bitcoin (BTC) exchanges, based on Glassnode data. Considering that the inflows, the biggest since mid-March, coincided with a minor Bitcoin pullback, it indicates that buyers could be waiting to step in following BTC’s price drop. Stablecoin deposits into exchanges. Source: […]

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Tether stablecoin is fully backed, says new assurance report

March 30, 2021

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Tether’s reserves for its USDT stablecoin exceed the amount required to redeem the digital asset tokens, according to auditing firm Moore Cayman. 6662 Total views 38 Total shares Tether Holdings Limited, a company behind the world’s largest stablecoin Tether (USDT), has released an assurance opinion to confirm that Tether tokens are fully backed by its […]

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Stablecoin reserves on crypto exchanges hit new historic high of $10B

March 29, 2021

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Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC. 6972 Total views 31 Total shares Stablecoins like Tether (USDT) and USD Coin (USDC) have hit another milestone in terms of accumulation by exchanges. According to market data provider CryptoQuant, stablecoin holdings on global crypto exchanges soared to a new all-time high on […]

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Tether tokens go live on Ethereum competitor Solana blockchain

March 11, 2021

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Tether’s integration with the Solana blockchain is intended to help support a range of projects in DeFi, blockchain gaming and Web 3.0. 9208 Total views 44 Total shares Stablecoin issuer Tether has announced that USDT tokens are launching today, March 9, on the Solana (SOL) blockchain. Speaking to Cointelegraph, Tether’s chief technical officer said that the integration with […]

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Tether hit with 500 Bitcoin ransom demand — But says it won’t pay

March 1, 2021

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The USDT stablecoin issuer says it received a $23 million ransom demand payable by Monday. The deadline has since passed, and Tether isn’t paying. 7622 Total views 25 Total shares Hackers have threatened to release sensitive company documents supposedly belonging to USDT stablecoin issuer Tether unless the firm sends a 500 Bitcoin (BTC) ransom to […]

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Tether to report reserves and pay $18.5M fine after settlement with NYAG

February 23, 2021

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New York regulators are forcing Tether to be fully transparent about its reserves, at the cost of not serving New York residents. 5949 Total views 37 Total shares Bitfinex and Tether settled with the New York Attorney General office in the landmark case against Tether. New York authorities alleged that Tether misrepresented the degree to […]

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