Browsing the "USDT" Tag

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.

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.

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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.

Crypto Wallet Maker Ledger to Expand Support for Stablecoins, Including Tether

| Leigh Cuen

Benjamin Soong, Ledger's newly hired head of Asia-Pacific operations, says tether remains popular in the region despite the token's recent troubles.

Stablecoins All Want to Be $1, But They’re Not Worth the Same

| Nikhilesh De

Buying bitcoin may be cheaper using a stablecoin the market has greater confidence in, like the Gemini dollar, than with an alternative like USDT.

Winklevoss-Backed Stablecoin Soars Above $1 as Tether’s Market Cap Plunges

| Nikhilesh De

The Gemini dollar has broken its peg, climbing to an all-time high of $1.19 on Tuesday.

Binance Pauses Tether Withdrawals After Denying Delist Rumor

| Nikhilesh De and David Floyd

Binance suspended tether withdrawals Monday after pushing back against rumors that the exchange would delist the stablecoin.

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A Top-20 Crypto Exchange Is Replacing Tether With a Rival Stablecoin

| David Floyd

Tether, despite questions surrounding its finances, remains the dominant stablecoin. Following a recent announcement, is that starting to change?