Tether, a stablecoin issuer, released a statement on Saturday. This was in response to a Wall Street Journal article on the use of phoney paperwork and shell firms to obtain access to traditional financial institutions. The USDT issuer dismissed the news as further false information directed towards it. Tether wrote
According to an article published by The WSJ on February 10th, stablecoin issuer Tether Holdings is using the services of a big Wall Street company to oversee its Treasury holdings. The Journal said, citing people familiar with the situation, that Cantor Fitzgerald is assisting Tether in managing a $39 billion
According to its most recent attestation report, Tether Holdings Limited, the issuer of the biggest stablecoin USDT, earned $700 million in the fourth quarter. In this case, the value of the consolidated assets is more than the total of the consolidated liabilities. At the conclusion of the year, Tether, a
After “TRON’s Proposal No. 83, to activate dynamic energy”, which becomes active on the 5th of February, 2023, TRON-powered TRC-20 transactions faced interruptions. Users of USDT encounter a problem with transferring their funds to other exchanges. Following the proposal, the stablecoin Tether “USDT” has buzzed social media with transaction issues.
Crypto.com is restricting the Tether stablecoin (USDT) trading services in the Canadian region. This is seemingly the follow-up action by the largest crypto platforms after the Pre-Registration Undertaking (PRU) with the Ontario Securities Commission (OSC). And, Crypto.com will delist the USDT from 31st Jan 2023. crypto dot com to delist
In light of the rising speculation that Tether’s increasing amount of secured loans may lead to the downfall of the stablecoin issuer, Tether issued an official statement later today. The cryptocurrency corporation has decided to reduce its credit exposure to zero by 2023. Tether’s statement reveals the company is strengthening
Tether, the major blockchain-enabled platform, has announced the release of an offshore Chinese Yuan (CNH) to the Tron blockchain. Bitfinex will be the first exchange to allow the user to deposit and withdraw CNH. Which is utilizing the Tron blockchain transport layer from the platform when it launches. #Tether Launches
The company behind the USDT stablecoin, Tether, has reportedly been lending its coins to consumers rather than selling them for cash, according to a new report. Tether has been criticized for its lack of openness in not publishing the exact amount of USDT reserves it has, and the report claims
In reaction to the news that exchange withdrawals were being frozen, Tether released a brief statement on November 16 stating that it has no risk to interest-bearing Gemini Earn. Or the institutional crypto lender Genesis Global. USDT was hoping to set itself apart from other crypto organizations that were experiencing
More than one possible savior has backed out as the cryptocurrency exchange FTX struggles to plug a multi-billion dollar hole in its financial sheet. After Binance, Tether’s CTO Paolo Ardoino said on November 10 that the business has “any plans to invest or lend money to FTX/Alameda.” Tether does not
