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
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
Tether and Bitfinex contributed funds to Hypercore to launch Holepunch. Keet made its public premiere today in alpha version. Tether, the company behind the world’s most popular stablecoin USDT, cryptocurrency exchange Bitfinex, and open-source project Hypercore have joined forces to establish Keet, a peer-to-peer (P2P) messaging network. Bitfinex has been
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
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
