Tether Financial News

17.06 / 06:51

Stablecoin Tether Scams Loans Inverse Finance exploited again for $1.2M in flashloan oracle attack

Just two months after losing $15.6 million in a price oracle manipulation exploit, Inverse Finance has again been hit with a flashloan exploit that saw the attackers make off with $1.26 million in Tether (USDT) and Wrapped Bitcoin (WBTC).

16.06 / 05:45

business Blockchain Stablecoin Tether Time Total supply of stablecoins dropped sharply for first time ever in Q2

The total supply of stablecoins saw its sharpest drop in history during Q2 2022, with stablecoin redemptions spiking as a result of “short-term liquidity and concerns about insolvency that were not present during the panic of 2020," according to data analytics firm Coinmetrics.

16.06 / 00:09

markets Tether Bitfinex Terra Luna Bitcoin Time Large Bitcoin liquidations mean one man’s pain is another man’s pleasure — Time to buy the dip?

Bitcoin (BTC) has been unable to restore the $24,000 support since Celsius, a popular staking and lending platform, paused withdrawals from its platform on June 13. A growing number of users believe Celsius mismanaged its funds following the collapse of the Anchor Protocol on the Terra Luna ecosystem and rumors of its insolvency continue to circulate.

15.06 / 13:49

business Blockchain Tether Bitcoin Lawyers Celsius reportedly seeks advice from lawyers on restructuring

Crypto lending platform Celsius Network (CEL) has onboarded restructuring lawyers from Akin Gump Strauss Hauer & Feld to find potential solutions to the firm's financial woes.

15.06 / 13:21

business Tether Banks Tether aims to decrease commercial paper backing of USDT to zero

The major stablecoin company Tether is looking to eventually get rid of commercial paper backing for its U.S. dollar-based stablecoin Tether (USDT).

15.06 / 13:03

Stablecoin Tether Tether Condemns 3 'False Rumors’ About Its Exposure

Tether, the company that issues the biggest USD-pegged stablecoin USDT, said that it condemns what it calls “false rumors” that its holdings include large amounts of Chinese commercial paper that supposedly trades at a discount. The company also distanced itself from Celsius (CEL) and Three Arrows Capital-related rumors.

13.06 / 15:21

Ethereum Tether Action Bitcoin Withdrawals Bitcoin crashes to lowest level for two years as Celsius pauses withdrawals

"We are taking this necessary action for the benefit of our entire community in order to stabilise liquidity and operations while we take steps to preserve and protect assets," the company wrote in a memo to users.

13.06 / 14:51

business Stablecoin Tether Bitcoin reserves Tether: Celsius crisis has no impact on USDT reserves

The ongoing crisis of Celsius’s native token has nothing to do with the stablecoin provider Tether and will not impact its USDT reserves, according to the company.

13.06 / 12:29

Ethereum Tether Action Bitcoin Withdrawals Bticoin crashes to lowest level for two years as Celsius pauses withdrawals

12.06 / 13:01

business Blockchain Tether Bitcoin Cash Do Kwon dismisses allegation of cashing out $2.7B from Terra (LUNA), UST

Do Kwon, the CEO and co-founder of the infamous Terra (LUNA) and TerraUSD (UST) ecosystems, refuted the claims of cashing out $80 million every month for nearly three years.

11.06 / 22:47

markets Tether Federal Reserve crypto market cap The total crypto market cap drops under $1.2T, but data show traders are less inclined to sell

The total crypto market capitalization has been trading in a descending channel for the past 29 days and currently displays support at the $1.17 trillion level. In the past 7 days, Bitcoin (BTC) presented a modest 2% drop and Ether (ETH) faced a 5% correction.

10.06 / 17:57

Binance Tether USDT Bitcoin Is Tether (USDT) losing the stablecoin war against USDC and BUSD

Major cryptocurrencies like Bitcoin and Ethereum can sometimes go up or down in double-digit percentages in a single day. As a result, most people associate cryptocurrencies with volatility. But some cryptocurrencies try to achieve the exact opposite. So-called stablecoins that are ideally pegged to fiat currencies like the U.S. dollar on a 1:1 basis at all times.

09.06 / 23:01

Stablecoin Tether Bitfinex Bitcoin Tether is ‘instrument of freedom’ and 'Bitcoin onramp,’ says Bitfinex CTO

On a sunsplashed day in the Swiss Alps, the CTO of Bitfinex and Tether, Paolo Ardoino shed light on the Plan B Lugano strategy, Tether as an onramp into Bitcoin (BTC) and–crucially–his favorite pizza toppings.

09.06 / 15:05

Blockchain Stablecoin Altcoin Tether Tether deploys new USDT token on the Tezos blockchain

Leading cryptocurrency stablecoin Tether has announced the launch of a new asset, Tether (USDT) tokens built on the Tezos blockchain, and with the ambition of expanding their digital footprint across the digital payments and decentralized finance (DeFi) sector.

07.06 / 13:25

PayPal Tether Bitcoin Checkout.com crypto push $40 billion payments giant Checkout.com starts accepting stablecoins in major crypto push

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06.06 / 14:37

Stablecoin Tether TRON Bitcoin Justin Sun's Tron Reveals More Details of USDD Backing in a Move to Distance It from UST

Crypto entrepreneur Justin Sun’s blockchain Tron (TRX) has revealed details about the backing of its new algorithmic stablecoin USDD in what appears to be an effort to maintain confidence in the project following the collapse of major algorithmic stablecoin terraUSD (UST).

05.06 / 12:19

Tether Platform Bitcoin >$1B in losses – The many ways people are falling victim to crypto-scams

It is no secret that cryptocurrencies have taken the world by storm. With a good section of the population invested in this world, crypto is on its way to becoming a mainstream payment method. However, along with global acceptance comes an alarming frequency of scams. According to a report by the Federal Trade Commission, over 46,000 people in the U.S have reported losing more than $1 billion in crypto to scams in 2021 – More than any other payment method.

05.06 / 06:33

UPS Provident Tether USDT USDC and USDT: The changing demography of stablecoins

TerraUSD’s depegging and eventual collapse sent shockwaves across the crypto market, and in the wake of its crash, other major stablecoins such as Tether (USDT) and USD Coin (USDC), and DAI witnessed changes as well.

03.06 / 14:39

Digital Tether Racing Align Post the Terra UST fiasco, here’s how Japan plans to protect crypto investors

The crypto market underwent a massive correction period, the aftereffects even experienced till today. The largest decentralized stablecoin on the market (once upon a time), UST, faced a total collapse. Investors, traders and users lost a significant chunk of the value of their investments amidst the crypto crash which triggered a sell-off in the market.

02.06 / 19:33

markets Stablecoin Tether Dollar NOT These are the least 'stable' stablecoins not named TerraUSD

The recent collapse of once the third-largest stablecoin, TerraUSD (UST), has raised questions about other fiat-pegged tokens and their ability to maintain their pegs.

01.06 / 21:11

Stablecoin Binance Tether Usd Coin Binance’s CZ says he is ‘skeptical’ about the Terra relaunch

Binance CEO Changpeng Zhao, also known as CZ, expressed skepticism around the revival plan for the Terra ecosystem and the launch of the new LUNA token.

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