USDT


Finance

Millions in Crypto Is Crossing the Russia-China Border Daily. There, Tether Is King

Tether has a real-world use case: Chinese importers of cheap goods in Russia use it to send millions home daily.

China_Russia

Markets

Tether Lawyer Admits Stablecoin Now 74% Backed by Cash and Equivalents

Tether's general counsel told the New York Supreme Court that it can only back about 74% of USDT in circulation as of Tuesday.

tether

Markets

Tether Says Its USDT Stablecoin May Not Be Backed By Fiat Alone

Tether has updated the terms on its website, saying that its dollar-pegged USDT stablecoin may not be backed 100 percent by fiat reserves.

tether

Markets

Tether to Launch New Version of USDT Stablecoin on Tron Blockchain

Tether is gearing up to launch its controversial stablecoin as a native token on the Tron blockchain.

Justin Sun speaks at niTRON Summit 2019 in San Francisco, photo by Brady Dale for CoinDesk

Markets

Documents Suggest Tether Has Fiat Funds to Back Stablecoin: Report

Tether Ltd. may have the cash reserves to back up its 1.8 billion dollar-pegged tokens, says Bloomberg.

Dollars

Markets

Stablecoin Purchases Surged Amid Wednesday's Crypto Market Drop

The broader cryptocurrency market plummeted on Wednesday, but stablecoins in particular saw no shortage of buyers.

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Markets

PwC Is Advising (Not Auditing) Another Stablecoin Project

PwC's Hong Kong division is exploring best practices for issuing stablecoins with non-profit Loopring Foundation. Auditing, though, is another matter.

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Markets

Deltec Chairman Says Tether Letter on Bank Relationship Is 'Authentic'

Last week's much-scrutinized letter, in which a Bahamas-based bank appeared to vouch for Tether's balance, has been confirmed as genuine by the bank.

Credit: Shutterstock

Markets

Here's What 3 Lawyers Have to Say About That Cryptic Tether Letter

The wisp of a signature on Deltec Bank's letter to Tether is the least of it. More important is the language around liability.

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Markets

Crypto Wallet Maker Ledger to Expand Support for Stablecoins, Including Tether

Benjamin Soong, Ledger's newly hired head of Asia-Pacific operations, says tether remains popular in the region despite the token's recent troubles.

ledger