Category: Tether
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New charges — new problems: Will Tether survive them?
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Consumer advocacy group Consumers’ Research has released a report accusing Tether, the issuer of the USDT stablecoin, of being opaque and not fully auditing its dollar reserves. Tether has been accused of being non-transparent (again) Consumer Research Analysts He said The issuer of USDT has yet to conduct an audit…
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Tether Unveils Synthetic Dollar Backed By Tokenized Gold, Citing Bitcoin’s Volatility
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Image: cryptobriefing.com In a strategic move to diversify its offerings and cater to the evolving needs of the digital asset market, Tether, a leading stablecoin issuer, has announced the launch of a new synthetic dollar token backed by tokenized gold. The decision to leverage physical gold as collateral for this…
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Will Tether Unveil Its Own Blockchain? CEO Shares Intriguing Details
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Amid speculation that Tether, the largest stablecoin in the cryptocurrency market, USDTCoinDesk is preparing to launch its own blockchain technology, and the company’s CEO, Paolo Ardoino, has addressed the rumors in key detail. Tether Abandons Plans to Launch Its Own Blockchain in interview In an interview with Bloomberg News, Ardoino…
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Tether In Legal Battle With Bankrupt Crypto Lender Celsius
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A series of high-profile legal battles have rocked the cryptocurrency industry, with the latest involving two major players — Tether, the issuer of the world’s largest stablecoin USDT, and bankrupt crypto lending platform Celsius Network. At the heart of the dispute is a controversial allegation of alleged improper liquidation of…
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Tether In Legal Battle With Bankrupt Crypto Lender Celsius
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A series of high-profile legal battles have rocked the cryptocurrency industry, with the latest involving two major players — Tether, the issuer of the world’s largest stablecoin USDT, and bankrupt crypto lending platform Celsius Network. At the heart of the dispute is a controversial allegation of alleged improper liquidation of…
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Crypto firm Cumberland deployed $1b Tether in 8 days
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Market maker Cumberland may have bought the dip as data showed the company moved millions of Tether stablecoins to centralized exchanges. Since August 6, Cumberland has sent over $1 billion in Tether (USDT) to CEX platforms like Binance, Coinbase, and Kraken, according to LookOnChain. Data. Market makers provide liquidity in…
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Crypto firm Cumberland deployed $1b Tether in 8 days
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Market maker Cumberland may have bought the dip as data showed the company moved millions of Tether stablecoins to centralized exchanges. Since August 6, Cumberland has sent over $1 billion in Tether (USDT) to CEX platforms like Binance, Coinbase, and Kraken, according to LookOnChain. Data. Market makers provide liquidity in…
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Celsius demands billions of dollars from Tether: What’s going on
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Bankrupt lending platform Celsius has filed a lawsuit against Tether, demanding 39,542 BTC. according to LawsuitThe amount was collateral for a loan from the issuer of the Tether (USDT) stablecoin. Tether requested more collateral after the price of Bitcoin (BTC) fell in early 2022. Celsius agreed to Tether’s request, but…
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Celsius Sues Tether, Demanding $2.4 Billion Over BTC Liquidation!
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Image source altcoindaily The cryptocurrency industry has seen its fair share of legal battles, and the most recent high-profile dispute in the cryptocurrency industry involved struggling companies. Centennial In a surprising turn of events, Celsius has filed a lawsuit against Tether in U.S. bankruptcy court, accusing it of misappropriating its…
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Celsius Drags Tether To Court In $3.5 Billion Legal Showdown
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Celsius, a cryptocurrency lender, has filed a lawsuit against Tether, accusing it of misappropriating assets. The move comes amid the cryptocurrency company, which filed for bankruptcy in 2022,’s latest attempt to recover billions of dollars in funds for creditors. Why is Celsius asking for over $3.5 billion from Tether? Bankrupt…
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USDT Soars To $115 Billion Market Cap As Tether Sets New Record
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Tether’s USDT has crossed another important milestone in Market capitalization The value of the stablecoin has surpassed $115 billion. This achievement is evidence of the fact that stablecoins have tremendous market appeal, especially during periods of high volatility when users rush to safer crypto assets. USDT has become an indispensable…
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USDT Soars To $115 Billion Market Cap As Tether Sets New Record
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Tether’s USDT has crossed another important milestone in Market capitalization The value of the stablecoin has surpassed $115 billion. This achievement is evidence of the fact that stablecoins have tremendous market appeal, especially during periods of high volatility when users rush to safer crypto assets. USDT has become an indispensable…
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USDT Issuer Tether Reports Record Profits Of $5.2 Billion, Why This Is Good For Bitcoin
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The largest issuer of stablecoins, TetherThe company recently announced record net profit for the first half of this year. This is undoubtedly a positive thing for the company. Bitcoinconsidering the company’s commitment to pooling the leading cryptocurrency with some of those profits. Tether posts $5.2 billion net profit Tether was…
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Tether mints $1b on Tron with no fees
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Tether issues $1 billion in new USDT tokens on Tron blockchain as stablecoin’s total market cap grows Payments giant Tether released its latest Tron USDT supply on July 24, as reported by Arkham. paid There is nothing in the transaction fees, and such a move is usually seen as bullish.…
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Tether mints $1b on Tron with no fees
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Tether issues $1 billion in new USDT tokens on Tron blockchain as stablecoin’s total market cap grows Payments giant Tether released its latest Tron USDT supply on July 24, as reported by Arkham. paid There is nothing in the transaction fees, and such a move is usually seen as bullish.…
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Tether is used by criminals way more than you think
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Reports have repeatedly suggested that billions of dollars worth of Tether have been laundered after pig slaughters and sextortion — a problem that is getting worse, not better. A new in-depth report has revealed how the USDT stablecoin is being widely used as a payment method in a criminal market,…
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Tether is used by criminals way more than you think
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Reports have repeatedly suggested that billions of dollars worth of Tether have been laundered after pig slaughters and sextortion — a problem that is getting worse, not better. A new in-depth report has revealed how the USDT stablecoin is being widely used as a payment method in a criminal market,…
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Tether freezes $28m in USDT linked to Cambodian fraud
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Tether has reportedly frozen a Tron (TRX) wallet containing over 28 million USDT tokens suspected of being proceeds from criminal activities, including money laundering and fraud. A dedicated real-time monitoring account for Tron and Ethereum (ETH) stablecoins, USDT/USDC Blacklist, reported on July 13 that an address, identified as TNVaKW, had…
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Tether (USDT) Loses Ground on Centralized Exchanges, Down to 74% Market Share
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Even with several high-profile crashes and decoupling events in recent years, stablecoins have continued to take market share from fiat currencies, reflecting increasingly strong demand. Although the stablecoin market remains highly concentrated, with Tether’s USDT leading the way, its dominance has been eroding over the past two years. In fact,…
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Could Uphold’s Tether Delisting Signal Trouble for USDT in Europe?
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Popular New York-based cryptocurrency exchange Uphold has announced the delisting of six stablecoins in response to the EU’s upcoming MiCA regulation, including Tether (USDT) — the largest of the group. This decision is in line with the Markets in Cryptoassets (MiCA) regulation, which comes into full effect on June 30,…