Tether


Markets

Tether Sees New Wave of Redemptions as Fear of Market Contagion Spreads

Investors pulled out some $1.6 billion this week from USDT, the largest stablecoin by market capitalization, amid growing nervousness as cryptocurrency prices keep sliding.

Tether (USDT) saw $1.6 billion in redemptions in two days. (CoinMarketCap)

Finance

Tether Denies Claims of Asian Commercial Paper Backing, Exposure to Three Arrows Capital

Tether described certain rumors spreading to this effect as "completely false and likely spread to induce further panic."

(Shutterstock)

Learn

What Is Tether? How USDT Works and What Backs Its Value

Tether’s USDT is the most popular stablecoin and is widely used by traders. It is not without controversy. Here’s what you need to know.

Hedge funds are increasingly betting against Tether. (Andreas Wagner/Unsplash)

Markets

First Mover Asia: Tether Is Quiet About Its Bankers. Will It Affect Its Peg?

Tether has relationships with a number of banks but won't say much more; bitcoin rises slightly.

Tether's failure to pinpoint its banking relationships seems to already be affecting its dollar peg. (Getty Images)

Videos

Tether Expands With USDT Launch on Polygon

Tether has launched its USDT token on Polygon, an Ethereum scaling platform. The largest stablecoin by market capitalization is now available on more than 11 blockchains. “The Hash” team discusses the latest milestone in Tether’s multi-chain push.

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Finance

Tether Expands With Introduction of Dollar-Pegged Stablecoin on Polygon

Tether is now available on over 11 blockchain networks.

US Dollars

Finance

Tether Enters Latin America With Mexican Peso-Pegged Stablecoin

The country’s multibillion-dollar remittances business and difficulties in transferring money create a “unique opportunity," the company said.

Bandera de México. (Alexander Schimmeck/Unsplash)

Videos

Acting OCC Chief Michael Hsu on Regulating Stablecoins After Terra ‘Contagion’

Acting Comptroller of the Currency Michael Hsu discusses his take on the rise and fall of Terra’s “hype-driven economy,” its “contagion” to Tether (USDT) and the broader crypto ecosystem, and why he doesn’t think he would regulate algorithmic stablecoins.

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Markets

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)

Layer 2

Tether ‘Transparency Is Needed’ Following Terra’s UST Collapse: Analyst

The director of blockchain market research Quantum Economics said during CoinDesk TV's "First Mover" that Tether should be more transparent about “what they actually hold on their balance sheets.”

Alexandre Lores on CoinDesk TV's "First Mover." (Modified by CoinDesk)