In the second week of May 2022, Tether fell below the 1:1 dollar peg. Following the recent crypto crisis, Tether has paid out $10 billion in withdrawals. Terra has witnessed the most unexpected incident in the unpredictable cryptocurrency market. The de-pegging of one of the most popular stablecoins has resulted
Segregation between centralized stablecoin and algorithm stablecoin. Stablecoins become harder to manage as they grow larger. Paolo Ardoino, CTO of Tether and Bitfinex, participated in a podcast by Reimagine, Web3 events & Media company,on May 17th, where he made few comments about stablecoins. Especially about Terra UST, the initiation behind
1 billion USDT worth TRC20 swapped for ERC20, 20 million USDT worth TRC20 swapped for AVAX. Tether is stated to process around 300 million worth of redemption every day. Tether is a centralized stablecoin, its value is pegged to 1 USD. The current market scenario has caved a fear in
In the past 36 hours, the ETH prices have fallen below $3000 multiple times. The crypto community is worried about the Federal Chair meeting on Thursday. Bitcoin (BTC) has fallen to record lows on Saturday, as most of the other cryptocurrencies have, but it shows no signs of recovery. Coingecko
USDT is issued by Hong Kong-based Tether and matches the price of the U.S. dollar. USDT is shielded from market volatility swings. The USDT stablecoin on TRON now has a market valuation of $41.7 billion. According to The Block Research, Binance, Huobi, and OKEx hold most of the Tron-based Tether
Ethereum blockchain now has 563 addresses, banned since 2017. They may freeze or destroy assets by placing them on the blacklist. The biggest stablecoin issuer has come under scrutiny from regulators in recent years. On January 13th, three Ethereum addresses were blocked with around $160 million in USDT. According to
Mahé, Seychelles, 14th December, 2021, Chainwire Highest publicly available rate on the market BitMEX, one of the world’s leading crypto derivatives platforms, is launching another high-return BitMEX EARN product today following a strong response from its users and the crypto community which saw them become fully subscribed. BitMEX EARN is
Charges upon the world’s third-largest cryptocurrency have been on for nearly a year now. Amidst this, the Department of Justice targets finally narrows down on Tether (USDT). Several executives for the firm are being held accountable. Tether (USDT)’s Deception Tether (USDT) is the third-largest cryptocurrency in terms of the market
Tether announced to conduct an audit in few months. Paxos claimed that Tether is not a real stable coin. Hoegner added that the platform hopes it will be the first to do this. According to the project’s general counsel, within few months there will be an official audit for the
-Bitfinex announced that it repaid the remaining balance of a $550 million loan to Tether.-In 2018 Bitfinex borrowed $750 million from Tether.-Moreover, Tether is one of the most liquid exchange pairs with BTC. Crypto exchange Bitfinex announced that it repaid the remaining balance of a $550 million loan to its
