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Stablecoin-issuer Tether has published a lengthy response to reports that the reserves of Tether (USDT), one of the largest stablecoins, once included securities issued by Chinese companies. On June 16, mainstream media outlets including Bloomberg reported that the company once used held securities issued by Chinese state-owned firms. Bloomberg cited documents
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Tether-issued USDT (USDT) stablecoin slightly deviated from its dollar peg value on June 15 due to an imbalance in the Curve 3pool. The price of USDT fell by 0.3% to around 0.997 as the USDT weightage in the curve 3pool increased to over 70% from the ideal 33.1%.Curve's 3pool is a
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether recently minted another $1 billion worth of its Tether USDT stablecoin on the Ethereum blockchain, which is another big issuance within two months since its last minting on April 21. In a June 12 Tweet, Paul
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Tether minted a fresh batch of $1 billion worth of its Tether (USDT) stablecoin on the Ethereum blockchain on June 12. The latest billion-dollar mint for the stablecoin issuer comes within two months of its last mint on April 21.Tether chief technology officer Paolo Ardoino took to Twitter to clarify that the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Artificial intelligence (AI) is becoming the cornerstone of modern technological advancements, especially in natural language processing. There has been a significant shift in how investors analyze the future value of cryptocurrencies. Google Bard has been a
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In Q2 2023, the crypto market was turbulent, mostly in a downtrend before consolidating, impacting various assets. This market-wide trend has created opportunities for certain currencies to carve out a bigger market share and assert dominance.
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied El Salvador is embarking on an initiative to establish a renewable energy power generation park in the Metapán area, aiming to become a center in the global bitcoin mining industry. Tether has announced its participation
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Stablecoin issuer Tether has announced that it will be partnering with Bitcoin-friendly nation El Salvador to invest in a planned $1 billion dollar renewable energy initiative.The Central American country continues efforts to drive Bitcoin (BTC) adoption after becoming the first nation to make BTC legal tender some three years ago. The
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These tokens included bitcoin (BTC), ether (ETH), tether (USDT), dogecoin (DOGE), litecoin (LTC), bnb coin (BNB) and polygon (MATIC). Tron-based USDT seemed to be the largest stolen stash, on-chain analytics cited by blockchain sleuth @ZachXBT showed. Source
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Just over six months after FTX’s dramatic collapse, the crypto industry can finally begin analyzing the effects of the debacle. The quick ripple effect to other crypto businesses drained liquidity from the industry and prolonged the crypto winter, with Silvergate Bank, BlockFi and Genesis Global Capital among those hit by
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