Tether

Renowned veteran trader and analyst Peter Brandt on Sunday tweeted about the puncturing of the much-speculated Tether (CRYPTO: USDT) bubble.  What Happened: Brandt took aim at cryptocurrency enthusiasts who vocally denounce the US dollar while simultaneously holding assets via Tether on...

Tether (CRYPTO: USDT), the company behind stablecoin tether.to, has announced its foray into the energy sector. Tether is investing resources in energy production and partnering with a licensed local company to launch sustainable Bitcoin mining operations in Uruguay. This strategic move highlights...

Tether (CRYPTO: USDT), faced a critical situation in late 2018 when its parent company and affiliates struggled to maintain access to the global banking system. A recent review of emails and documents revealed that the companies took the recourse of shadowy intermediaries, fake documents, and...

As part of “Crypto Opinion with Mike Ermolaev”, an ongoing series that interviews prominent figures in the crypto scene, Mike sat down with CTO of Tether Paolo Ardoino to discuss the world’s largest stablecoin's resilience throughout 2022, Tether's charity work, and its...

Tether Holdings Limited, the company behind the popular stablecoin USDT (CRYPTO: USDT) reported a net profit of more than $700 million in the last quarter of 2022, according to its latest Consolidated Reserves Report (CRR). The report showed Tether ended 2022 with zero commercial paper and at...

Sen. Pat Toomey (R-Pa.), has introduced a bill that outlines a federal framework for regulating stablecoins — just two weeks before he is set to retire. What Happened: Aiming to "guide Congress" toward future crypto regulation, Toomey said his bill would create a new federal...

Users have been withdrawing massive amounts of funds from Binance, including USD coin (CRYPTO: USDC) and other stablecoins. Binance has already seen a net outflow of over $3 billion in crypto assets, in the last seven days, as per Nansen. How It Started: It all started on Monday when Binance...

Tether revealed it helped cryptocurrency exchange Binance with a "chain swap" in which 3 billion (CRYPTO: USDT) will be transferred from the Tron network to the Ethereum network. "In a few minutes, Tether will coordinate with Binance to perform a chain swap, converting from Tron to...

Coinbase (NASDAQ: COIN) has urged its customers to switch from Tether (CRYPTO: USDT) to USD coin (CRYPTO: USDC), billing it as the "most dependable and reputable digital dollar." What Happened: In a blog post on Thursday, Coinbase said that USDC is fully backed with “high-...

Multiple exchanges disabled deposits and withdrawals for Solana-based Tether (CRYPTO: USDT) and USD Coin (CRYPTO: USDC) on Thursday. What Happened: Tether, in a blog post, said, “the move to suspend USDT deposits on these exchanges is likely just due to...

Popular stablecoins are moving off exchanges, as the cryptocurrency industry continues to roil following the FTX (CRYPTO: FTT) collapse. What Happened: Over $23 billion in stablecoins have exited cryptocurrency exchanges, since March 2022, according to Santiment Insights.  The market cap...

Stablecoin issuer Tether (CRYPTO: USDT) said on Wednesday that it had no exposure to institutional cryptocurrency lender Genesis or the Gemini Earn program, which have halted withdrawals. What Happened: The lending division of crypto investment bank Genesis Global Trading ...

In response to a request from law enforcement, stablecoin holder Tether (CRYPTO: USDT) has frozen $46 million in USDT on the Tron blockchain owned by the embattled cryptocurrency exchange FTX.  "We are starting to receive requests from LE to temporarily freeze assets while an...

Stablecoins pose massive risks to financial stability, and remain vulnerable to liquidity risks, according to a November Financial Stability report published by the U.S. Federal Reserve. What Happened: According to a survey by the Federal Reserve, over 20% of respondents believe that...

Stablecoin issuer Tether announced that local crypto services provider SmartPay will launch USDT tokens in over 24,000 ATMs across Brazil starting Nov. 3. Brazil still has 34 million unbanked individuals, or those who do not have a bank account or do not use it often, according to a survey by the...