Bitcoin News / Bitcoinist - 2 years ago
The largest stablecoin in the cryptocurrency, Tether (USDT), recently lost its $1 peg. Here are some facts that on-chain data reveals about this event.
Several On-Chain Indicators Spiked While Tether Suffered A Depeg
In the past couple of days, USDT...
Cryptocoins News / The Cointelegraph - 2 years ago
USDT issuer Tether said that they “do not condone” the behavior of the media outlets and highlighted that the materials presented do not reflect what Tether is at present....
Cryptocoins News / Blockchain - 2 years ago
Tether has reaffirmed its commitment to transparency and announced its completion of reporting obligations to the New York Attorney General's Office. Under the terms of its 2021 settlement, Tether fulfilled its quarterly reporting requirements for a...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary:
On Thursday, Crypto’s largest stablecoin USDT from Tether slightly depegged as a token imbalance rocked Curve’s popular 3pool.Tether balances on Curve’s stablecoin pool peaked at 76% at press time as traders sold millions of USDT for DA...
Cryptocoins News / The Cointelegraph - 2 years ago
The stablecoin pool ideally has a weightage comprising 33.3% of USDT, USDC and DAI; however, on June 15, the USDT weightage rose above 70%. The Tether (USDT) stablecoi...
Cryptocoins News / Blockchain - 2 years ago
Paolo Ardoino, CTO of Tether and Bitfinex, has responded to growing fears in the crypto market with an assertive tweet stating, "Markets are edgy in these days, so it's easy for attackers to capitalize on this general sentiment. But at Tether we're r...
Cryptocoins News / The Cointelegraph - 2 years ago
The move is Tether’s second $1 billion mint in two months, bringing the total USDT minted by the stablecoin issuer in 2023 to over $16 billion. Tether minted a fresh b...
Bitcoin News / Bitcoin.com - 2 years ago
People in Turkey have been seeking refuge in stablecoins as their national fiat continues to depreciate against the greenback. The Turkish lira saw a record drop in its exchange rate with the U.S. dollar when the country’s central bank halted...
Cryptocoins News / The Cointelegraph - 2 years ago
Stablecoin issuer Tether is making a strategic investment in energy production and Bitcoin mining to support El Salvador’s adoption of BTC. Stablecoin issuer Tether ha...
by COINS NEWS - 2 years ago
Tether, with their largest asset class being USDT, is in my humble opinion, a very likely target for the SEC. The SEC is going after securities. A security, by definition, is: "a certificate or other financial instrument that has monetary value...
Cryptocoins News / The Cointelegraph - 2 years ago
El Salvador’s plans to build a billion dollar renewable energy precinct has found a first-round investor in stablecoin issuer Tether. Stablecoin issuer Tether has ann...
Bitcoin News / Bitcoin.com - 2 years ago
Following the company’s announcement that it will build a sustainable Bitcoin mining operation in Uruguay, the stablecoin issuer Tether has disclosed its investment in a Salvadoran bitcoin mining operation called “Volcano Energy.&am...
Cryptocoins News / EthereumWorldNews - 2 years ago
Tether has joined El Salvador’s Volcano Energy project to develop a Bitcoin mining farm.& The billion-dollar project aims to tap into El Salvador’s renewable energy sources to support sustainable Bitcoin mining.& The stablecoin giant clarifi...