- As captured on Tether’s website, it has $67.74 billion worth of assets and $67.54 billion worth of liabilities.
- In its first quarter report, Tether mentioned that it has $5.6 billion worth of other investments.
‘0.3% fall in assets could render Tether technically insolvent,’ WSJ claims
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While USDT has observed a decline in its marketshare during the year 2022 so far, the stablecoin still retains its place at the top. USDT Is Still Number One In Stablecoin Market, USDC Remains 2nd According to the latest weekly report from Arcane Research, USDT’s share of the stablecoin market has now gone down to […]
Tether USDT is the largest stablecoin by market cap. Also, the token ranks among the top five in the overall market capitalization of all crypto assets. Through several progressive road maps and other development plans, Tether USDT has risen over the years. Recently, the stablecoin announced its launch on Polkadot. USDT is a product of […]
Stablecoin issuer Tether has recieved a court order to produce financial records that prove the backings of its USDT. The Judge at Northern District Court New York, Katherine Polk Failla, issued the order for Tether on Tuesday upon the plaintiffs’ request to prove its reserves. The latest order for Tether comes as part of a […]
Is this attack on Tether part of The Wall Street Journal’s general campaign against bitcoin and crypto? Or did the newspaper feel the impulse to get in on the Tether FUD action a few months too late? Did Tether competitors pay for this article or is it an organic piece of journalism? The WSJ article […]
After much discussion about its plans to disclosing information about Tether’s reserves, the team has on Thursday revealed new plans. In a shift in assurance and attestation process, the company announced it is working with a top public accounting firm. The company will now bring out monthly reports on financial reserves behind the stablecoin. Stressing
The post Tether Announces New Deal For Auditing: Good Or Bad For Crypto? appeared first on CoinGape.
The ETHPoW fork proposal comes from the miners. It’s only logical that they want to keep Ethereum as a Proof-Of-Work chain, since all of their profit will evaporate overnight with the change to Proof-Of-Stake. The merge is supposedly only weeks away, and the Ethereum community has their hearts set on the proposed changes. Nevertheless, the […]
Stablecoin issuer Tether took to Twitter on July 27 to clarify that it holds no Chinese commercial paper (CP) on the back of industry rumors that continue to claim its portfolio in the vertical is backed by 85% Chinese or Asian commercial papers.
The post Tether Hits Back at Critics; Clarifies Once Again That It Holds No Chinese CP as Reserves appeared first on BeInCrypto.
Many stablecoins are trying to fill the void left following the crash of TerraUSD. The Arcane report states that USDC is more regulatory compliant than USDT. After Terra’s stablecoin (UST) collapsed, many crypto industry players started calling into question the stability of other stablecoins. Yet, various stablecoins are attempting to bridge the gap left by […]
Der Beitrag New Arcane report predicts when USDC will overthrow USDT erschien zuerst auf Crypto News Flash.
One of the more unsettling events in the stablecoin sector occurred in May when Terra’s UST lost its 1:1 dollar peg. Chaos resulted from the de-peg, which also utterly destroyed Terra’s legitimacy. Nevertheless, the USDT and USDC survived the slaughter. Different stablecoins are working hard to fill the void left by it, though. The USD […]
Hedge funds are shorting Tether’s USDT because of two reasons. One is due to the concerns of the broader economy and the second is the concern that Tether doesn’t have enough reserves for its USDT in the market. Tether CTO Paolo Ardoino called it a “coordinated attack” from the hedge funds and “a new wave […]
Der Beitrag As more crypto hedge funds bet against Tether’s USDT stablecoin, CTO Paolo Ardoino lashes out erschien zuerst auf Crypto News Flash.
Tether Operations, the issuer of the world’s biggest dollar-pegged stablecoin, will launch a new token backed by the British Pound Sterling this coming July, The development follows Tether’s recent roll-out of MXNT, a crypto asset pegged to the Mexican peso. According to a corporate statement released on Thursday, the stablecoin (GBPT) would first be supported on the […]