Tether Financial News

22.03 / 19:51

Blockchain Tether USDT Gaming Asia Lightning Network Bitcoin acquires Today in Crypto: Chainlink Labs Partners with PwC Germany, Bitget Acquires BitKeep, Bitzlato Allows Users to Withdraw up to 50% of Assets, BANXA Joins Hands with BitMart

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

22.03 / 16:53

Binance Progressive Tether USDT Racing SVB Where USDT, USDC, BUSD stand as stablecoin race accelerates

Due to the recent events surrounding SVB and Circle, the stablecoin market witnessed a lot of volatility over the past few weeks. After the dust settled, Tether [USDT] emerged on top, when compared to other stablecoins.

22.03 / 16:41

business Blockchain Stablecoin Tether Circle Tether CTO on USDC depeg: ‘Bitcoin maxis were right all along’ | PBW 2023

At the Paris Blockchain Week 2023, Tether’s chief technology officer Paolo Ardoino spoke with Cointelegraph reporter Joseph Hall to discuss topics like the USD Coin (USDC) breaking its dollar peg and how it highlights the importance of Bitcoin (BTC) and decentralization.

17.03 / 20:45

Ethereum ETH Binance CEO Tether coinbase Bitcoin Binance converts its BUSD in SAFU funds to other stablecoins

Binance – the world’s largest cryptocurrency exchange – announced that it has converted the BUSD stablecoin it its SAFU fund. The Secure Asset Fund for Users (SAFU) was launched by the exchange back in 2018 as an emergency insurance fund in order to protect users. The fund initially consisted of Bitcoin (BTC), Binance USD (BUSD), and Binance Coin (BNB).

16.03 / 19:31

UPS Provident Digital Tether USDT Platform Strategy Investors Look for Security in Uncertain Times. Will USDD (USDD), Tether (USDT) and HedgeUp (HDUP) be Crypto saviors?

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.

16.03 / 18:19

Provident BTC Lowe's Digital Tether Platform Bitcoin Backed Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar, to Combat Centralized Stablecoins

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

16.03 / 17:15

UPS Provident Tether USDT Platform Crypto Exchange Russians Reportedly ‘Using Crypto Exchanges to Send USDT to UK’ – Here’s How

Russians are using “several” Moscow crypto exchanges to send Tether (USDT) to people based in the UK, a new report has claimed.

16.03 / 14:13

BTC Twitter Tether USDT education Bitcoin network El Salvador Launches Bitcoin, Lightning Network Dev Courses for University Students

The El Salvador government has announced the launch of new university courses in Bitcoin (BTC) and Lightning Network development.

15.03 / 23:05

Tether USDT USDC BUSD Tether Market Cap Rises by 10% Following Stablecoin Meltdown – Can it Maintain the Lead?

The market capitalization of the popular stablecoin tether (USDT) has risen as other stablecoins, including Circle’s USD coin (USDC) and MakerDAO’s DAI briefly lost their pegs over the weekend.

15.03 / 17:35

Tether USDT Tether [USDT] exchange supply dwindles as whales…

Over the weekend, stablecoins became “unstable” as fifth-ranked cryptocurrency as Circle USDC in market value lost its dollar peg. Following the event, a lot of investors switched sides and held their stables in Tether [USDT] . This led to a drop in USDC’s market capitalization and increased dominance for Tether.

15.03 / 14:11

Tether USDT Pool Exodus USDC Holders Panic Sell Amid Solvency Concerns

USD Coin (USDC), a popular stablecoin pegged to the U.S. dollar, has been facing solvency concerns since March 10, leading several holders to panic sell their holdings and switch to other stablecoins. USDC's solvency fears arose after the disclosure that a portion of USDC's collateral is held at Silicon Valley Bank, which was shut down by California authorities after revealing efforts to raise extra capital. The news of the bank's closure and USDC's collateral in it caused concern among USDC holders, leading to panic selling and mass exodus.

15.03 / 05:05

business Stablecoin Tether Circle Market Capitalization Usd Coin reserves Circle CEO 'able to access' $3.3B of USDC's reserves at Silicon Valley Bank

Circle CEO and co-founder, Jeremy Allaire, confirmed that, as of March 13, the stablecoin issuer has been “able to access” its $3.3 billion of funds held with the collapsed bank, Silicon Valley Bank (SVB).

14.03 / 23:35

Ethereum Provident Tether USDT Patrick Tron [TRX] finds impetus thanks to stablecoin transfers in this way

Amidst all the chaos in the crypto-markets following the collapse of crypto-friendly banks, Tron [TRX]‘s ecosystem shared its latest weekly report. In doing so, it provided updates on some of its key performance indicators (KPIs).

14.03 / 16:33

Blockchain Twitter Ripple Man CEO Tether Gap banking system Ripple, Cardano execs double down on their criticism of U.S banking system

Ripple CEO Brad Garlinghouse took to Twitter yesterday to set the record straight regarding his blockchain company’s exposure to the now-defunct Silicon Valley Bank. At the time, Garlinghouse revealed that there was “some exposure to SVB,” especially since it served as the banking partner for Ripple and held some of the firm’s cash balances.

14.03 / 15:19

business Tether SVB Silvergate Usd Coin Bitcoin Signature Bank SVB crisis: Here are the crypto firms denying exposure to troubled US banks

Amid the ongoing United States banking crisis, several major cryptocurrency firms have denied exposure to dissolved U.S. banks like Silicon Valley Bank (SVB).

13.03 / 16:27

Blockchain UPS Tether Platform Gap Assessing the state of TRON [TRX] amidst ongoing Stablecoin turmoil

The current stablecoin turmoil has spread far and wide and no crypto project has managed to stay aloof from its impact. Tron [TRX], the layer-1 blockchain, saw its USD Coin [USDC] supply drop from $1.03 billion at the start of March to just over $530 million as of 12 March, almost getting halved.

13.03 / 15:11

Lowe's Tether Coindesk BNI SVB Stablecoin USDC nearly regains $1 peg after Circle says $3.3 billion held with SVB will be available

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13.03 / 14:39

COST Twitter Tether USDT Discover Immunic Reserve Circle's USDC Reserve Mishap Leads to Massive Sell-off

In May 2021, Circle, a fintech company that offers payment and trading solutions, revealed that it had discovered a massive discrepancy in its USDC reserves. Silicon Valley Bank, which was responsible for holding and transferring the reserves, had not transferred $3.3 billion of USDC to Circle. This was a significant blow to Circle's reputation, as it raised questions about the stability and transparency of USDC, one of the world's largest stablecoins.

12.03 / 02:41

Binance Digital VISA Tether coinbase SVB SVB Collapse Sparks Stablecoin Turmoil as USDC Loses Peg

USDC, a stablecoin linked to the dollar, lost its peg to the U.S. currency amid a surge of investor withdrawals after its founder, Circle Internet Financial Ltd., said it had $3.3 billion invested in the collapsed Silicon Valley Bank.

11.03 / 14:57

UPS Ethereum Tether USDT coinbase SVB Bitcoin USDC stablecoin How USDC Stablecoin Depegging Could Break Many Crypto Firms But Bitcoin Will be Stronger

USDC stablecoin is depegging – and at an alarming rate – falling to as low as $0.89, way off its $1 peg.

11.03 / 14:15

business Stablecoin Altcoin Tether MakerDAO DAI Usd Coin Circle’s USDC instability causes domino effect on DAI, USDD stablecoins

The stablecoin ecosystem felt an immediate effect as USD Coin (USDC) depegged from the US dollar due to a subsequent sell-off after Silicon Valley Bank (SVB) did not process $.3.3 billion of Circle’s $40 million transfer request. Given USDC’s collateral influence, major stablecoin ecosystems followed suit in depegging from the dollar.

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