Tether

CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De joins “First Mover” to discuss CoinDesk’s involvement in a legal proceeding between the New York Attorney General’s office (NYAG) and Tether in pursuit of documents regarding the reserves backing $78.4 billion of stablecoins. De explains why this case matters to the public interest and what can be expected in the coming months.

Jan 5, 2022

Stablecoin issuer Tether froze over $1 million worth of USDT belonging to a single address. "The Hash" host Naomi Brockwell uses this news to point out "all these stablecoins are freezable at the protocol level." The hosts dive into trade-off risks between centralized versus algorithmic stablecoins like Terra's UST.

Jan 4, 2022

Myanmar’s shadow government, the National Unity Government (NUG) made up of ousted leader Aung San Suu Kyi’s supporters, has recognized stablecoin tether (USDT) as its official currency. This comes as Myanmar’s central bank declared all digital currencies illegal. "The Hash" squad discusses the latest development illuminating the adoption of tether as a potential act of defiance.

Dec 13, 2021

The long-awaited stablecoin report from the President’s Working Group on Financial Markets (PWG) suggests prudential bank regulators should oversee stablecoin issuers. Rep. Warren Davidson (R-Ohio) shares insights into the U.S. crypto regulatory landscape for stablecoins, custody issues, DeFi, and tether.

Nov 3, 2021

The Commodity Futures Trading Commission (CFTC) fined Bitfinex and Tether more than $42 million on allegations the USDT stablecoin was not fully backed at all times and Bitfinex violated a previous agency order. "The Hash" hosts discuss the charges and the outlook for stablecoin regulation.

Oct 15, 2021

Reacting to a report claiming Tether loaned out billions of dollars to Celsius and other crypto firms using bitcoin as collateral, Samson Mow, chief investment officer at bitcoin infrastructure firm Blockstream, discusses the increasing regulatory scrutiny over stablecoins, adding it’s “recycled FUD about Tether.”

Oct 11, 2021

Bitcoin’s price has skyrocketed to a 5-month high of over $54,000 as bullish sentiment returns, with the cryptocurrency already up 25% this month. CoinDesk’s Galen Moore discusses insights into the possible factors driving what he calls the “spot-market driven rally” and its potential connection to tether, China, crypto regulation, and ETFs.

Oct 6, 2021

Jeremy Allaire of neo-bank Circle digs into the world of stablecoins as the issuer of the second-largest stablecoin by market cap USDC. He joins "First Mover" live from the 2021 SALT Conference in New York to share his insights into USDC's backings, growth of stablecoins, tether (USDT)'s reserve breakdown, and his reactions to Coinbase receiving a SEC Wells notice over its lending product. Plus, insights into Circle's future plans as it prepares to go public.

Sep 14, 2021

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler said Wednesday the crypto markets may struggle to survive in the U.S. outside the country’s regulatory framework. CoinDesk’s Nikhilesh De discusses the potential outcomes for the U.S. crypto regulatory landscape.

Sep 1, 2021

Bitcoin is down about 1.3% over the past 24 hours. The next support is seen at the $42,000 breakout level, which could stabilize the pullback. Messari Founder and CEO Ryan Selkis discusses his positive analysis and outlook for bitcoin, explaining why he’s a “perma-bull.”

Aug 19, 2021