usdt

CoinMetrics stablecoins
Crypto Whales Ditched Tether for USDC After Stablecoin Panic
The UST failure prompted large investors on the Ethereum blockchain to leave USDT for the perceived safety of its biggest competitor.
CoinMetrics stablecoins

(wsmahar/Getty Images, modified by CoinDeska)
Tether’s Reserve Attestations: Commercial Paper Down, Treasurys Up
Will the attestations be enough to calm Tether’s critics?
(wsmahar/Getty Images, modified by CoinDeska)

Crypto bear market (Olen Gandy, Unsplash)
First Mover Asia: USDC Hasn’t ‘Flippened’ USDT, but Trader Preferences Are Changing; Cryptos Rise Despite Bearishness
A Glassnode analyst suggests the collapse of the UST token has triggered a change in investors' stablecoin preferences; bitcoin holds above $30,000.
Crypto bear market (Olen Gandy, Unsplash)

Markets Daily Podcast Cover
Crypto News Roundup for May 12, 2022
With bitcoin traders taking a beating overnight as Tether’s USDT stablecoin loses its $1 peg, plus a look at where the collapse of Terra’s stablecoin may fit in a history of self-delusion, CoinDesk’s Markets Daily is back with the latest news roundup.
Markets Daily Podcast Cover

Empty wallet
Bankoff’s Crypto Wallets Nearly Empty After Virtual Debit Card Provider Folds
The Delaware-registered company said Visa and Stripe cut it off for serving too many Russians, but on-chain data has stoked users' suspicions.
Empty wallet

An installation in Berlin, Germany, by the polkadot-inspired artist Yayoi Kusama, after whom the Polkadot blockchain's canary network is named. (Adam Berry/Getty Images)
Tether’s USDT Stablecoin Enters Polkadot Ecosystem With Kusama Launch
Kusama becomes the tenth blockchain to support USDT, which already has more than $80 billion in circulation.
An installation in Berlin, Germany, by the polkadot-inspired artist Yayoi Kusama, after whom the Polkadot blockchain's canary network is named. (Adam Berry/Getty Images)

(Shutterstock)
Hedge Fund Fir Tree Makes Big Short Bet Against Tether: Bloomberg
The asymmetric bet limits the downside, but promises big profits if correct, the firm's clients say.
(Shutterstock)

Bitcoin-ruble daily trading volumes (Source: Kaiko)
Ruble-Denominated Bitcoin Volume Surges to 9-Month High
The increase comes as the West's sanctions on Russia trigger a flight from the ruble.
Bitcoin-ruble daily trading volumes (Source: Kaiko)

Tether's USDT was trading at around $1.10 on Ukrainian crypto exchange Kuna on Thursday. (Kuna)
Tether's USDT Stablecoin Well Over $1 on Ukrainian Crypto Exchange
Tether, which is supposed to represent a $1 value as a dollar-linked stablecoin, is trading above its peg on the Ukrainian exchange amid tensions.
Tether's USDT was trading at around $1.10 on Ukrainian crypto exchange Kuna on Thursday. (Kuna)

(Salameh dibaei/Getty)
Tether's New Accounting Firm Is the Old One, With Baggage
Moore Cayman is now operating under the MHA Cayman name, but the firm's parent is under investigation in the U.K.
(Salameh dibaei/Getty)