Tether Reports $3.3B in Excess Reserves in Q2, Up $850M for the Quarter
The issuer of stablecoin USDT said its operational profits exceeded $1 billion in Q2 this year.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/MHR4NVBUTND3PPZVLWT6RBOEB4.JPG)
Sponsored
Jul 31, 2023 at 4:07 p.m. UTC
Jul 31, 2023
:format(webp)/cdn.jwplayer.com/v2/media/CJ2oloXY/poster.jpg)
Paolo Ardoino: Tether's Stress Test
The role of the stablecoin is to always ensure customers get a one to one redemption to the dollar says Paolo Ardoino chief technology officer of Tether the firm stablecoin USDT and its affiliate cryptocurrency exchange Bitfinex Scrutiny on the world’s largest stablecoin has been increasing in the past month due to the latest USDT [...]
Sponsored
Jul 26, 2023 at 8:42 p.m. UTC
Jul 26, 2023
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/NEZQT2BCARG4FNN5X547YETMAU.jpg)
Bitfinex Launches Peer-to-Peer Trading Platform in Argentina, Colombia and Venezuela
Users will be able to buy and sell bitcoin, ether, USDT, EURT and XAUT.
Sponsored
Jun 27, 2023 at 3:42 p.m. UTC
Jun 27, 2023
:format(webp)/cdn.jwplayer.com/v2/media/MvbY4PEv/poster.jpg)
Tether Outlook as Crypto Winter Grinds On
CoinDesk's chief insights columnist David Z. Morris joins "The Hash" panel to discuss why stablecoin tether (USDT) could face serious pressure amid the U.S. Securities and Exchange Commission (SEC)'s apparent crackdown on the crypto industry, with recent lawsuits against Coinbase and Binance.
Sponsored
Jun 22, 2023 at 5:49 p.m. UTC
Jun 22, 2023
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/5MQ3UB436FGY3EPZ7ISLUT2IAE.JPG)
Reviewing the Tether Documents
CoinDesk filed a public records request for documents detailing Tether’s reserves. Here’s what we got.
Sponsored
Jun 21, 2023 at 8:45 p.m. UTC
Jun 21, 2023
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/TZOQUX7ANZFHNNB6O5LMBEGH2E.jpg)
Why Short Sellers May Have a Hard Time Betting Against Tether
Crypto’s most controversial financial instrument enjoys some notable insulation from skeptical bets.
Sponsored
Jun 21, 2023 at 5:14 p.m. UTC
Jun 21, 2023
:format(webp)/cdn.jwplayer.com/v2/media/xP7ZOWa4/poster.jpg)
Stablecoins, DeFi Likely to Be SEC’s Next Targets in U.S. Crypto Crackdown: Berenberg
Analysts from Berenberg say that the U.S. Securities and Exchange Commission (SEC) could bring DeFi protocols and stablecoins, including tether and USD Coin, into regulatory compliance as the agency continues its crackdown on the crypto industry. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De weighs in on the report.
Sponsored
Jun 21, 2023 at 3:09 p.m. UTC
Jun 21, 2023
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/5OHJGYYALVBAPGU5VFTIYN4Y7I.jpg)
Tether Issues USDT on Kava Blockchain; KAVA Token Climbs 5%
Tether is looking to improve the stablecoin's liquidity across multiple blockchains.
Sponsored
Jun 21, 2023 at 10:35 a.m. UTC
Jun 21, 2023
:format(webp)/cdn.jwplayer.com/v2/media/aPbumzNs/poster.jpg)
Tether’s Banking Relationships Detailed in Newly Released Legal Documents
CoinDesk recently obtained documents under a Freedom of Information Law request, which offer a rare but limited look into Tether’s banking relationships. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down what the documents reveal about the stablecoin issuer's banking relationships and past reliance on commercial paper.
Sponsored
Jun 20, 2023 at 3:26 p.m. UTC
Jun 20, 2023
:format(webp)/cdn.jwplayer.com/v2/media/Q04kHBpN/poster.jpg)
Tether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents
Stablecoin issuer Tether kept its funds in four banks two investment management firms two gold depositories and a gold broker and on its own sister company Bitfinex in March 2021 according to documents obtained by Coin Desk It also had funds in commercial paper issued by various entities Coin Desk obtained the documents after a [...]
Sponsored
Jun 16, 2023 at 5:02 p.m. UTC
Jun 16, 2023