Browsing the "USDT" Tag

Tether Lawyer Admits Stablecoin Now 74% Backed by Cash and Equivalents

| Nikhilesh De

Tether's general counsel told the New York Supreme Court that it can only back about 74% of USDT in circulation as of Tuesday.

Tether Says Its USDT Stablecoin May Not Be Backed By Fiat Alone

| Yogita Khatri

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 to Launch New Version of USDT Stablecoin on Tron Blockchain

| Nikhilesh De

Tether is gearing up to launch its controversial stablecoin as a native token on the Tron blockchain.

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.