Browsing the "Tether" Tag

Game of Coins: Inside the Paxos-Gemini Stablecoin Discount War

| Leigh Cuen

Here's why several stablecoins saw sudden bursts of activity over the past three months.

Documents Suggest Tether Has Fiat Funds to Back Stablecoin: Report

| Daniel Palmer

Tether Ltd. may have the cash reserves to back up its 1.8 billion dollar-pegged tokens, says Bloomberg.

Tether Says Customers Can Once Again Deposit and Redeem Fiat

| David Floyd

Tether is again offering fiat redemption of its stablecoin USDT. Meanwhile, Bitfinex is now offering tether trading pairs with USD and EUR.

Report: US Officials Are Probing Tether Role in Bitcoin Market Manipulation

| Nikhilesh De

The U.S. DOJ is reportedly probing Tether and Bitfinex over whether they artificially boosted bitcoin's price using the USDT stablecoin.

Stablecoin Purchases Surged Amid Wednesday’s Crypto Market Drop

| Sam Ouimet

The broader cryptocurrency market plummeted on Wednesday, but stablecoins in particular saw no shortage of buyers.

Bitfinex’s Parent Company Has a New Offshore Services Provider

| David Floyd

iFinex, the parent company of Bitfinex, has parted ways with its old offshore services provider for a new firm.

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PwC Is Advising (Not Auditing) Another Stablecoin Project

| Ian Allison

PwC's Hong Kong division is exploring best practices for issuing stablecoins with non-profit Loopring Foundation. Auditing, though, is another matter.

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Deltec Chairman Says Tether Letter on Bank Relationship Is ‘Authentic’

| David Floyd

Last week's much-scrutinized letter, in which a Bahamas-based bank appeared to vouch for Tether's balance, has been confirmed as genuine by the bank.

Here’s What 3 Lawyers Have to Say About That Cryptic Tether Letter

| Nikhilesh De and David Floyd

The wisp of a signature on Deltec Bank's letter to Tether is the least of it. More important is the language around liability.

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Tether’s Price Has Stabilized, But the Stablecoin’s Supply Is Still Shrinking

| David Floyd

Crypto exchanges are shedding tethers by the million, and millions of USDT are ending up at Bitfinex. From there, they are taken out of circulation.