Tether


Markets

Tether Mints Record 2B USDT in One Week

The previous record of 1.5 billion USDT was set the week before last.

Weekly USDT supply growth since 2017

Tech

Scaling Solution Hermez Network Adds Tether Token to Tackle High Ethereum Fees

Hermez Network sets out to provide faster and cheaper transactions on Ethereum.

Retro gas pump (unsplash)

Markets

New York Attorney General Says Bitfinex, Tether Could Complete Loan Document Handover in 'Weeks'

The NYAG has said Tether and Bitfinex have been cooperating in its inquiry, which is expected to progress more quickly once the documents are provided.

New York Supreme Court

Markets

OKEx’s Trading Volumes and Tether Reserve Plunge on Possible User Exodus

A sharp drop in OKEx’s trading volume and stablecoin reserves – tether in particular – may reveal an ongoing exodus of its users after the popular crypto derivatives exchange unexpectedly halted all crypto withdrawal activities for about five weeks.

Will the exodus of users from OKEx continue?

Finance

Aquaculture Firm Completes Australia's First IPO Raise Using Cryptocurrency

Almost 90% of West Coast Aquaculture's $3.6 million capital raise was via the stablecoin tether.

Sydney, Australia

Markets

Market Wrap: Bitcoin Ascends to $16.8K; Uniswap and Tether 35% of Ethereum Transactions

Bitcoin is at bullish 2020 highs while Ethereum transactions prove out DeFi’s fundamental use case.

CoinDesk 20 Bitcoin Price Index

Policy

Tether Froze $300K of Stablecoin Hacked After Victims Left Wallet Keys in Evernote

The U.S. government is pursuing a civil forfeiture claim on the more than 300,000 units of the tether (USDT) cryptocurrency said to have been stolen earlier this year.

shutterstock_1065256613

Policy

Chinese Authorities Crack Down on Gambling Sites Using Tether Stablecoin

Chinese authorities have arrested 77 individuals and shuttered gambling sites using the dollar-pegged tether (USDT) cryptocurrency.

Tether. (CoinDesk archive)

Markets

First Mover: PayPal Rushes In and Bitcoin Breaches $12K, While USDC Gains on Tether

PayPal gets conditional N.Y. state license for crypto. Bitcoin prices shoot past $12K. Dollar stablecoin USDC grabs market share from tether.

Bitcoin prices blew through $12K and are now approaching a new 2020 high.

Markets

Total Stablecoin Supply Nearly Doubled in Q3, Adding Record $8B

“2020 seems to be the year of stablecoins,” said Tether's CTO.

Quarterly stablecoin circulating supply growth since 2016