USDT


Finance

Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commercial Paper Holdings to Below $50M

The firm had said it plans to bring its commercial paper holdings to zero by the end of the year.

Tether's Chief Technology Officer Paolo Ardoino (Tether)

Markets

Stablecoin Issuer Tether Ordered to Produce Documents Showing Backing of USDT

The order relates to a lawsuit that alleges unbacked USDT issuances have caused $1.4 trillion in damage to the market.

Tether Chief Technology Officer Paolo Ardoino.  (Twitter/Bitfinex, modified by CoinDesk)

Markets

Binance Ditched a Bunch of Stablecoins. Even a Newly Banished Issuer Was OK With It

Surprisingly, Circle’s CEO expects USDC to benefit from getting booted from Binance, while market insiders predict a better trading experience.

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Finance

Binance, Issuer of Third-Biggest Stablecoin, to Stop Supporting Larger Rival USDC

The action effectively removes the world's second-biggest stablecoin, USD coin, as a tradable asset on Binance's giant platform.

(Shutterstock)

Finance

Tether Reduces Commercial Paper Holdings Almost 60% as It Tackles Quality Concerns

The USDT issuer's market cap has fallen to $66.1 billion from $82.2 billion in two months.

Tether Chief Technology Officer Paolo Ardoino.  (Twitter/Bitfinex, modified by CoinDesk)

Markets

Crypto Derivatives Exchange Bybit to Settle Options Contracts in USDC

The company will be using the second-largest stablecoin by market cap for its relative stability.

(Creative Commons, modified by CoinDesk)

Videos

Short Sellers Ramping Up Bets Against Tether Amid Market Meltdown

Institutional investors are increasingly shorting tether (USDT), the world’s largest stablecoin, amid a wider market sell-off and on the heels of TerraUSD (UST)’s collapse. “The Hash” hosts discuss why Wall Street could be betting big against tether and what this means for the industry.

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Markets

Crypto Hedge Funds, Traders Short Tether After UST’s Implosion: Report

The positions are worth at least “hundreds of millions” of dollars in notional value, one trader said.

(Chris Rogers/Getty Images)

Videos

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

Investors pulled out about roughly $1.6 billion this week from Tether’s dollar-pegged USDT stablecoin, according to price tracker CoinGecko. “The Hash” group discusses the outlook for the stablecoin market after the Terra’s UST meltdown.

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Videos

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

Tether, the firm behind the crypto market’s largest stablecoin USDT, is denying claims that its commercial paper portfolio is 85% backed by Chinese or Asian commercial paper. “The Hash” discusses the latest developments, along with a vague tweet from the founder of Three Arrows Capital.

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