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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether and Bitfinex chief technology officer Paolo Ardoino voiced concerns over what, according to him, are signs that the USDT (USDT) stablecoin is being manipulated. In an Aug. 3 tweet, Ardoino explained that USDT is being pressured
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Second, the amount of assets Tether shows in its attestation report exceeds $86 billion which is a few billion higher than USDT’s market capitalization right now. It is worth mentioning that $2.4 billion of that is “Other Investments,” which could literally be anything. In any event, assets exceed liabilities for
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The Curve and Uniswap pools are popular venues for traders to swap one stablecoin for another quickly. Most of the time, the tokens are in balance in the pools. Imbalances indicate distress in the markets as investors seek ways to ditch an asset en masse. Original Source
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Stablecoin USDT issuer Tether published its Q2 2023 attestation report on July 31 and according to the report, Tether recorded an “operational profit” of $1 billion in the second quarter, about a 30% decline from its Q1 profit of $1.48 billion. Although its $1 billion “operational profit” represents a decline from
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The company said its operational profits exceeded $1 billion in Q2 this year. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Recently, Tether Holdings, the issuer of USDT, minted $1 billion of the stablecoin on Ethereum. The rising demand for USDT has positively impacted the InQubeta presale, bringing it closer to $2 million. This article explores the connection,
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Tether USDT has seen its market cap value reach new highs in the month of July. According to a report by on-chain analytics company Into The Block, the world’s largest stablecoin is steadily approaching the key $84 billion mark. Based on data from DeFiLlama, USDT’s market cap is up by over
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether Treasury has minted 1 billion USDT, equivalent to $1,000,485,000, on the Tron network, per an update on July 12. Just two months after its previous billion-dollar mint on April 21, the stablecoin issuer has once again
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Stablecoin issuers Circle and Tether have frozen over $65 million in assets tied to the suspected exploit of cross-chain router protocol Multichain. The move follows unexplained large outflows from the Multichain MPC bridge on July 6. According to the knowledge graph protocol 0xScope, three addresses that received at least $63.2 million
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether Holdings, the issuer of the USDT stablecoin, has frozen two addresses on the Ethereum network that received funds from Multichain’s multi-party computation (MPC) address. The two addresses, currently flagged by Ethereum block explorer Etherscan as “Multichain
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