Tether has updated the terms on its website, saying that its dollar-pegged USDT stablecoin may not be backed 100 percent by fiat reserves.
Tether is gearing up to launch its controversial stablecoin as a native token on the Tron blockchain.
A former Bitfinex and Tether exec and crypto finance firm XBTO are launching a Bermuda-based clearinghouse for stablecoins.
Here's why several stablecoins saw sudden bursts of activity over the past three months.
Tether Ltd. may have the cash reserves to back up its 1.8 billion dollar-pegged tokens, says Bloomberg.
Tether is again offering fiat redemption of its stablecoin USDT. Meanwhile, Bitfinex is now offering tether trading pairs with USD and EUR.
The U.S. DOJ is reportedly probing Tether and Bitfinex over whether they artificially boosted bitcoin's price using the USDT stablecoin.
The broader cryptocurrency market plummeted on Wednesday, but stablecoins in particular saw no shortage of buyers.
iFinex, the parent company of Bitfinex, has parted ways with its old offshore services provider for a new firm.
PwC's Hong Kong division is exploring best practices for issuing stablecoins with non-profit Loopring Foundation. Auditing, though, is another matter.
