- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
USDT
Tether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents
Stablecoin issuer Tether kept its funds in four banks, two investment management firms, two gold depositories, and a gold broker and on its own sister company Bitfinex in March 2021, according to documents obtained by CoinDesk. It also had funds in commercial paper issued by various entities. CoinDesk obtained the documents after a nearly two-year legal battle after Tether filed to block the NYAG from releasing them. In a statement, Tether said it “found it suspicious” that USDT depegged after millions of dollars’ worth were sold on decentralized finance pools “on the same day” that the New York government shared the documents with CoinDesk. "The Hash" panel weighs in on the documents.
Tether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents
Obtained by CoinDesk under a Freedom of Information Law request, the documents offer a rare but limited window into the reserves behind USDT, the crypto market’s largest stablecoin.
USDT Selling on Curve, Uniswap Spooks Traders Amid Bitcoin Drop
Millions worth of tether (USDT) stablecoins appeared to be selling off on popular Uniswap and Curve pools Thursday morning, sparking early signs of concern among traders. USDT, which usually trades around $1, lost its peg to the U.S. currency and dropped as low as $0.9968. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
USDT Selling on Curve, Uniswap Spooks Traders Amid Bitcoin Drop
USDT holdings on Curve’s popular ‘3pool’ have risen to over 72% as of Thursday morning, suggesting a sudden disbalance.
Bitcoin, Ether Trade at Premiums on Binance.US as Investors Flee Following SEC Actions
The SEC was seeking to freeze assets on Binance.US after suing the exchange and its related global entity Binance.
Atomic Wallet Users Hacked for $35M Worth of Bitcoin, Ether, Tether and Other Tokens
Atomic Wallet said Monday that “less than 1%” of its monthly active users were impacted in the weekend breach.
Tether Market Cap Climbs to All-Time High of $83.2B, Even as Stablecoin Market Sinks
USDT has reached a $83.2 billion market capitalization, recovering all the losses since the implosion of blockchain project Terra more than a year ago.
Nestcoin CEO on Real World Utilities of Stablecoins in Nigeria
Nestcoin CEO and co-founder Yele Bademosi discusses the real world utility of digital assets in Nigeria, citing the use of stablecoins like USDT in cross-border money movements.
USDT Issuer Tether Ventures Into Payment Processing With Georgia Investment
The stablecoin issuer announced earlier this week it is investing in a sustainable bitcoin mining facility in Uruguay.
Stablecoin Issuer Tether Invests in Sustainable Bitcoin Mining in Uruguay
The company earlier this month announced plans to invest part of its profits in BTC purchases and infrastructure.
