The company intends to completely liquidate all of its commercial paper assets. Tether has been preparing to submit financial records to the New York Court. Tether (USDT), the biggest stablecoin in the crypto market, has been in the spotlight for a number of reasons recently. The company’s previous auditor was
SEC charged $1 million against Tether’s former auditor. Tether requested to submit the required documents on USDT backing. According to an order released on Monday, the popular stablecoin issuer Tether’s ex-auditor has been fined $1 million by the US Securities and Exchange Commission (SEC). In 2017, Friedman LLP, a New
Tether (USDT) has a trading volume of 34 billion, which increased by 70.62%. Ripple price increased by more than 30% in the last 7 days. After facing a long bear trend, the month of September started with greens on the crypto market. As it, the price and trending volume of
Eleven different blockchains currently support Tether, USDT. A New York court ordered Tether Operations Limited to submit financial records. Tether, in a statement released on Friday, announced the release of its native token USDT on the Polkadot Network. Polkadot is an open-source blockchain platform that is decentralized. Moreover, it’s a
Katherine Polk Failla is the judge who presided over the case. The Tether exchange’s Bitfinex, Bittrex, and Poloniex account information was also requested. Legal action was taken against the Tether (USDT) network because of allegations that it artificially inflated the price of Bitcoin [BTC] by releasing USDT. There has been
Tether USDT is now accessible on the 11th blockchain, the Near Protocol. When it first appeared in 2014, Tether was created on the Bitcoin (BTC) blockchain. Tether (USDT) has been released on the Near Protocol, marking the latest in Tether Operations Limited’s growing list of blockchain integrations. Tether said on
Binance to stop its support for USDC, USDP, and TUSD from the end of September. The existing funds of the coin will automatically convert these coins to BUSD. The largest cryptocurrency exchange, Binance recently revealed that the platform will discontinue its support for the stablecoins such as USD Coin (USDC),
The firm disclosed the intention to provide monthly updates on the financial reserves. It denied the article’s assertions that the company is losing money. As Tether put it, “unsubstantiated conclusions” have been made about the stablecoin’s reserve adequacy. Tether responded with a statement after a Wall Street Journal report raised
The action took effect on August 8, as indicated by the US Department of Treasury. The post stated that no OFAC-banned addresses have been requested to be frozen. Tether said it is seeking guidance from authorities before deciding whether or not to freeze Tornado cash addresses. The recent US government
Tether highlighted that their entire assets were more than their total liabilities. Tether’s commercial paper holdings have decreased by more than 57.5 percent. Tether, the provider of the most popular stablecoin (USDT), has released its most recent quarterly attestation report on the token’s reserves. In principle, investors in the USDT
