Amid FTX Rumors Tether’s USDT Peg Of $1 Wobbles
The crypto market still seems to be in the grasps of FTX and Alameda. Currently, rumors are circulating that Tether’s stablecoin USDT
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Tethers
Tether’s Paolo Ardoino Discusses Lugano’s ‘Plan B’ Bitcoin Progress
To that end, said Ardoino, rather than trying to go to quick mass use, it was more important that things worked properly and smoothly for the initial adopters. He’s now expecting 1,000 Lugano merchants to have bitcoin point-of-sale in their businesses in the first quarter of 2023. Original Source
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Tether’s Former Auditor Fined $1M by SEC for Sloppy Accounting
The SEC’s order, issued last Friday, details sloppy accounting practices that were common at Friedman LLP from 2015 to 2020, including its failure to “respond to fraud risks” and “exercise due professional care and professional skepticism,” among other things, the order said. Original Source
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3 reasons why USDC stablecoin dropping below $50B market cap is Tether’s gain
The market capitalization of USD Coin (USDC), a stablecoin issued by U.S.-based payment tech firm Circle, has dropped below $50 billion for the first time since January 2022.On the weekly chart, USDC's market cap, which reflects the number of U.S. dollar-backed tokens in circulation, fell to $49.39 billion on Sep.
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Tether’s Tornado Cash Noncompliance Is Less Brave Than You Think
The world’s largest stablecoin issuer won't freeze tainted addresses, for now. Original Source
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Tether’s reported bank partner Capital Union shares its crypto strategy
Capital Union, a Bahamas-based bank that reportedly holds a portion of reserves by the Tether (USDT) stablecoin issuer, has been itself actively involved in the cryptocurrency industry.The banking institution has rolled out crypto trading and custody services to its professional clients as part of the bank's trading desk, a spokesperson
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What to Watch for in Tether’s Upcoming Attestation Report
When a stablecoin issuer issues stablecoins into the market, it normally keeps a corresponding asset in reserve to secure, or back, the stablecoin’s peg. As redemptions requests arrive, these reserves get used up. Because a stablecoin’s reserves are key to guaranteeing stability, the big, centralized stablecoin issuers have adopted the
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Tether’s USDT Stablecoin Enters Polkadot Ecosystem With Kusama Launch
Tether’s USDT is also live on Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron and Bitcoin Cash’s Standard Ledger Protocol. Polkadot will join that list soon after Kusama (the Polkadot parachain auctions followed Kusama by a few months). Original Source
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Circle’s USDC stablecoin gobbles Tether’s market share with 50B milestone
The world’s second-largest stablecoin by market capitalization keeps on growing as it erodes the dominance of the current leader, Tether.The stablecoin landscape is a constantly-shifting dynamic but one trend has become clear over the past year or so — Tether’s dominance is diminishing.Its main rival, Circle, has just reached a
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Tether’s Market Cap Nears $80B, USDT Represents 46% of the Stablecoin Economy – Altcoins Bitcoin News
This week the stablecoin giant tether reached a market capitalization of roughly $78.2 billion according to data. Over the last 30 days, tether’s market valuation grew by 5.6% and the stablecoin now represents 46% of the $168.3 billion stablecoin economy. Tether Market Cap is Less Than $2 Billion Away From Reaching
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