Attestation release schedule will be changed from monthly to quarterly. Tether claims this would be the “next step” toward a full audit of the company. Binder Dijker Otte (BDO), the fifth-largest accounting firm in the world, will now be responsible for attesting Tether’s financial statements. Tether also announced that it
Celsius, a leading crypto loan platform, is now experiencing liquidity challenges. The corporation has maintained that it is in excellent health despite the market slump. Tether has informed investors and members of its community that Celsius Network’s recent loan liquidation has no detrimental effect on its reserves. According to the
USDT market cap dropped below $70 billion. The number of significant accounts holding USDT has decreased. After Terra’s collapse Tether (USDT) became the largest stablecoin by trading volume, but the amount of supply held by addresses holding between $100,000 and $10 million USDT has almost reached a three-year low. The
Ardoino said the team had handled 16 billion in redemptions in more than a month. Tether’s resilience and stability were repeatedly emphasized by Ardoino. Tether’s CTO Paolo Ardoino has discussed attempts by conventional hedge funds to short USDT. A Twitter thread started by Ardoino described the assaults as a “new
Tether already has 4 fiats pegged stablecoin, which are USD₮, EUR₮, CNH₮, and MXN₮. The USDT market cap is estimated to be around $68 billion as per the Tether. #Tether To Launch GBP₮Tether Tokens Pegged to the British Pound Sterling 🇬🇧 Read the full press release ⬇️https://t.co/vN6RngE28S pic.twitter.com/t4Yf8hrUZ2 — Tether
The request significantly differs from the daily average of 2k requests/5min. The company had received a ransom demand from the hackers. On June 18, a major denial-of-service assault targeted Tether, one of the world’s biggest cryptocurrencies, by market capitalization. Tether’s Chief Technical Officer, Paolo Ardoino, tweeted that the company had
USDT trading at $0.999468 with a trading volume of $47,211,505,618. Tether’s USDT is available on 12 blockchain networks. Tether Operations Limited (Tether), the blockchain-enabled platform which powers the world’s most valuable stablecoin by market capitalization, will launch Tether tokens (USDT) on Tezos, a unique expandable Proof-of-Stake blockchain (PoS). USDT to
The peso, which is now trading at $0.051, will serve as the base currency for MXNT. According to data by Triple-A, most crypto in Mexico is utilized for speculation and trade. A Mexican stablecoin will be introduced in addition to its counterpart USDT, the biggest stablecoin by market capitalization at
The talks or even people rather noticing the stablecoins have been almost nil, until the recent Terra UST downfall. Since the past two weeks, the focus towards stablecoins has catapulted like anything. Amidst such scenarios, the most widely preferred stablecoin available in the market and indeed the best, has upgraded
Tether (USDT) currently trading at $0.998994 USD. Tether has been steady even though the so-called stablecoin UST lost its value. Dukascopy Bank SA, a Swiss financial services company, announced that it had enabled blockchain operations in ERC20 Tether (USDT) for holders of multi-currency accounts (MCAs). After Bitcoin (BTC) and Ethereum
