USDT


Opinion

Does Howard Lutnick Know ‘the Truth’ About Tether?

Speaking at Davos, the Cantor Fitzgerald CEO says the stablecoin issuer has the money to back USDT. Maybe it’s time we all started to believe in Tether, despite the “truthers”?

Tether freezes $225 million worth of its stablecoin (Jorge Salvador/Unsplash)

Finance

Wall Street CEO on Tether Controversy: 'They Have the Money'

Tether's $95 billion stablecoin has been dogged by questions around whether it actually holds the assets it says are backing USDT. Cantor Fitzgerald's Howard Lutnick, whose firm manages money for Tether, says it does.

Cantor Fitzgerald's Howard Lutnick (World Economic Forum)

Policy

UN Says Tether Plays Major Role in Illicit Activity in East Asia; Stablecoin Issuer Hits Back

Tether said it was "disappointed" that the report had singled out its stablecoin, USDT.

Tether CEO Paolo Ardoino (Tether)

Markets

USDC Stablecoin Momentarily Depegs to $0.74 on Binance

The stablecoin immediately snapped back to its $1 peg on Binance.

USDC momentarily trades at $0.74 (Piret Ilver/Unsplash)

Policy

S&P Faults Biggest Stablecoin, Tether's USDT, as It Debuts New Industry Ranking

USDT was assigned a low score of four, meaning the largest stablecoin is constrained in its ability to maintain its peg to fiat, the rating agency says.

Ratings company S&P Global has started ranking stablecoins' ability to hold their pegs. (eswaran arulkumar/Unsplash)

Markets

Cantor Fitzgerald CEO Howard Lutnick Is a Bitcoin Maxi and Tether Fan

He said Cantor Fitzgerald is a custodian of the U.S. Treasuries that Tether holds to back its USDT stablecoin.

Cantor Fitzgerald's Howard Lutnick (World Economic Forum)

Finance

Tether Freezes 41 Crypto Wallets Tied to Sanctions

Several of the frozen wallets had been using Tornado Cash over the past six months.

(Nikhilesh De/CoinDesk)

Consensus Magazine

Paolo Ardoino: The Hardest Working Man in Crypto

The newly promoted CEO of Tether is looking to diversify the firm's investments after a banner year where the stablecoin giant is on track to profit $4.5 billion.

Tether CEO Paolo Ardoino (Mason Webb/CoinDesk)

Finance

Tether Deposits of $1B With UK Financial Firm Are at Center of High Court Battle: FT

Tether deposited the funds with a subsidiary of investment bank Britannia Financial, according to the report, which cited filings made in the High Court.

(Nikhilesh De/CoinDesk)

Finance

Tether Freezes $225M Linked to Human Trafficking Syndicate Amid DOJ Investigation

The $225 million was related to the "pig butchering" scam.

Tether freezes $225 million worth of its stablecoin (Jorge Salvador/Unsplash)