Tether has launched its Chinese yuan-backed stablecoin, which it revealed will run on the ethereum blockchain as an ERC-20 token.
The dollar-pegged stablecoin tether (USDT) has become a virtual bridge between Chinese traders and global markets.
Tether is planning to issue a new stablecoin backed by Chiense yuan held in a bank in Belgium, says Bitfinex shareholder Zhao Dong.
iFinex claimed the NY AG lacked sufficient jurisdiction for an investigation into the company's activities.
The New York Attorney General office pushed back on Bitfinex's complaints about the cost of complying with the agency's demands for documents.
Bitfinex has spent half a million dollars producing documents in its ongoing battle with the New York Attorney General's office, a new filing says.
Tether has a real-world use case: Chinese importers of cheap goods in Russia use it to send millions home daily.
A new version of the widely used but controversial stablecoin tether is launching on Blockstream's Liquid Network.
A New York judge has delayed making a decision on whether Bitfinex and Tether need to turn over documents to the state Attorney General.
Bitfinex says it won't sell its LEO tokens to U.S. investors. But two such entities bought the asset via third parties.