Tether | Crypto Profit Bot

Evergrande crisis: Buy the dip or bail? Pundits weigh in

September 22, 2021

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As the prospect of Chinese property giant Evergrande defaulting on $305 billion worth of debt looms, pundits are weighing in on how the firm’s bankruptcy could impact the legacy and crypto markets. Speculation as to whether the real estate investment giant will default has coincided with a downturn across the crypto and stock markets, leaving […]

Which stablecoins were actually ‘stable’ during this week’s sudden Bitcoin price crash?

September 9, 2021

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A sharp sell-off across the cryptocurrency market Tuesday—that saw top tokens like Bitcoin (BTC), Ether (ETH), Cardano (ADA), and Solana (SOL) fall by double-digital percentages—created a venue for stablecoins to prove their worth. The fixed-price cryptocurrencies offered interim protection to traders from the notorious crypto price volatility. They did so by almost maintaining their one […]

2022 trial date set for Tether’s accused ‘shadow banker’ Reggie Fowler

August 6, 2021

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Former NFL team owner and alleged “shadow bank” operator Reggie Fowler is not engaged in any plea negotiations and the trial against him is set to begin early next year. 1050 Total views 8 Total shares A 2022 trial date has been set for former NFL team owner and alleged “shadow banker” Reggie Fowler. Fowler […]

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

July 28, 2021

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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 […]

Tether promises an audit in ‘months’ as Paxos claims USDT is not a real stablecoin

July 22, 2021

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Tether’s general counsel said a full audit is coming in months. 2567 Total views 8 Total shares There will be an official audit of the world’s most popular stablecoin Tether within months according to the project’s general counsel. An audit for the world’s third-largest digital asset has been awaited for several years and increased regulatory […]

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

July 21, 2021

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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 […]

Stablecoin growth could affect credit markets, rating agency warns

July 5, 2021

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Fitch notes potential asset contagion risks posed by stablecoins could lead to tighter regulations for the industry. 234 Total views 1 Total shares The growth of stablecoins that are not fully backed by safe assets could trigger a destabilization in short-term credit markets, rating agency Fitch has warned. In a commentary note, the agency explained […]

Stablecoins under scrutiny: USDT stands by ‘commercial paper’ tether

July 2, 2021

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The stablecoin market has been growing exponentially, and last week, Eric Rosengren — president of the Federal Reserve Bank of Boston — appeared to raise a cautionary flag. “There are many reasons to think that stablecoins — at least, many of the stablecoins — are not actually particularly stable,” he said in remarks before the […]

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

June 26, 2021

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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 […]

Altcoin Roundup: Stablecoin pools could be the next frontier for DeFi

June 25, 2021

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In times like these, when the entire cryptocurrency market is down and there is nary a sector-wide runup to be found, traders have to dig into data to see how the market dynamics may have changed to pinpoint signs of new growth. Stablecoins are the newest trend to emerge in the decentralized finance (DeFi) arena […]

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Category: Tether