USDT


Markets

Stablecoin Supply Expands by $5B Since U.S. Election as Investors Pile Into Crypto

Stablecoin exchange balances grew to a yearly high of $41 billion this week, providing dry powder to buy digital assets, one analyst noted.

(engin akyurt/Unsplash)

Finance

Tether Reports $2.5B Profit in Q3, Holds Over $100B of U.S. Treasuries

The company also owns a significant amount of gold and the big move higher in the yellow metal boosted profits.

Tether 's logo painted on a wooden background.

Policy

U.S. Treasury Advisory Panel Says Tokenization Could Be Big, But May Need Central Control

The outside group of Wall Street leaders that guides the Treasury's debt management, the Treasury Borrowing Advisory Committee, shared views on tokenized debt and warned about Tether.

The U.S. is weighing crypto tax rules, and a hearing today will hear from industry representatives worried about the government going too far. (Jesse Hamilton/CoinDesk.)

Finance

Tether's Paolo Ardoino: 'If the U.S. Government Wanted to Kill Us, They Can Press a Button'

But the leading stablecoin issuer is comfortable holding its T-bills at a U.S. institution because it respects international sanctions, CEO Ardoino said in an interview.

Tether CEO Paolo Ardoino (Tether)

Tech

Justin Sun Might Be Good for Wrapped Bitcoin, Says New Custodian's Director

Robert Liu, a member of the board of Hong Kong-based BiT Global, which was recently added by BitGo as an additional custodian to the bitcoin-on-Ethereum token known as wrapped bitcoin (WBTC), notes in an exclusive interview that Tron founder Justin Sun has come to the aid of customers in the past.

Tron party at Bitcoin Nasvhille (Bradley Keoun)

Policy

Tether CEO Ardoino Says He Expects U.S. Will Catch Up in Crypto Regulation

Paolo Ardoino connected by video to a Washington conference to make a case for how cooperative Tether is being with global governments and how it looks forward to regulation.

Tether CEO Paolo Ardoino appears remotely at a DC Fintech Week event in the U.S. (Jesse Hamilton/CoinDesk)

Videos

Uptober Forming Amid Rising Stablecoin Liquidity and Bitcoin Transactions

Stablecoin market capitalization has jumped to $169 billion led by USDT and USDC. Plus, on-chain analytics firm Santiment reported a bump in whale transactions on the Bitcoin network. Could stablecoin liquidity and rising transaction volume be the catalyst for bitcoin's next price surge? CoinDesk's Christine Lee presents the "Chart of the Day."

Recent Videos

Videos

Tether-Issued Stablecoin USDT's Market Share Grows to 75%

Tether's USDT continues to secure its dominant position in the stablecoin market. According to data from Token Terminal, USDT's market share grew to 75% from 55% in the past two years and the supply of USDT also nearly doubled during that period of time. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

Recent Videos

Policy

Tether Hires PayPal Government Affairs Ace as U.S. Scrutiny Unresolved

The world's leading stablecoin issuer brought on Jesse Spiro, who has previously handled government interactions for Chainalysis and PayPal.

Tether 's logo painted on a wooden background.

Finance

Tron, Tether and TRM Labs Start Financial Crime Fighting Force

The T3 Financial Crime Unit is looking to clean up USDT issued on Tron, a blockchain favored by bad actors.

Justin Sun (CoinDeskTV)