Tether Financial News

01.06 / 13:57

business Stablecoin Tether Banks Tether’s reported bank partner Capital Union shares its crypto strategy

Capital Union, a Bahamas-based bank that reportedly holds a portion of reserves by the Tether (USDT) stablecoin issuer, has been itself actively involved in the cryptocurrency industry.

31.05 / 17:43

UPS Tether Bitcoin Safeguards Britain plans new safeguards for stablecoins that go bust in wake of Terra's collapse

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31.05 / 09:35

Government Stablecoin Tether Asia China state media signals tighter crypto regulations in Terra aftermath

The China state-owned media outlet the Economic Daily has signaled that the Chinese government may introduce even tighter regulations on cryptocurrencies and stablecoins due to the collapse of the Terra ecosystem.

30.05 / 22:21

markets Tether Bitcoin Bitcoin’s recent gains have traders calling a bottom, but various metrics remain bearish

On May 30, the total crypto market capitalization gained 4% and currently is within reach of a $1.3 trillion market capitalization. The move was enough to erase the losses from the previous seven days and was driven mainly by Bitcoin's (BTC) 4.9% gain during that time frame.

30.05 / 13:37

Stablecoin Binance Tether TRON USDD vs UST: Is Justin Sun's New Stablecoin Just a Clone of UST?

UST, a stablecoin that's supposed to maintain a price peg with the US dollar 1:1, spiraled out of control to reach as low as USD 0.10 this month. Following the momentous rise of UST in just a few months, only a few predicted its monumental crash, especially with the dominance stablecoins were gaining in the market.

28.05 / 20:17

Blockchain Ethereum Tether USDT Lost Amid stablecoin market ‘May-hem’, Tether taking new steps to regain lost ground

The largest stablecoin with a market cap of $73 billion, Tether, ether has launched its native USDT on Polygon. The move is expected to help Tether gain ground as the leading stablecoin despite the recent de-pegging. While stablecoins have had a difficult month, this is a step in the right direction.

27.05 / 13:07

Blockchain Digital Tether USDT Tether Floats Mexican Pesos-based Stablecoin in Latin America

Tether Operations Limited, the blockchain startup behind the USDT stablecoin, has announced its entry into Latin America with the launch of the Mexican Pesos backed MXN₮ stablecoin.

26.05 / 23:07

Stablecoin Adoption Tether World Economic Forum ‘Other flavors of Tether’ will bridge users to USDT: Paolo Ardoino

Tether’s decision to launch a new digital asset pegged to the Mexican peso will be a boon to crypto adoption in the Central American country by providing more onramps to the USDT stablecoin, according to Paolo Ardoino.

26.05 / 16:55

Blockchain Stablecoin Tether Tether launches stablecoin pegged to pesos on Ethereum, Tron and Polygon

Amid market issues surrounding stablecoins, Tether (USDT) launched a new digital asset that will be pegged to the Mexican peso on Ethereum, Tron and Polygon networks.

25.05 / 19:01

Blockchain Twitter Tether Luna NOT Terra backers vote to revive luna — but not UST — after $60 billion crypto collapse

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24.05 / 15:43

Stablecoin Tether Terra Backed Tether is Fully Backed, Always Redeemable for USD 1 , Co-Founder Says

“I strongly believe that [tether] is fully backed, and you will never have any issues redeeming it,” Tether co-founder and BLOCKv CEO Reeve Collins has said.

23.05 / 14:31

Blockchain Tether Bitcoin Luna Withdrawals Tether withdrawals top $10 billion as regulators raise alarm about stablecoins

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22.05 / 22:19

Tether COMPOSITE Indexes Tether and how it maintained ‘stability through multiple black swan events’

The market has serious concerns with regards to the so-called “stability” of much-talked-about stablecoins. With the market still trying to find a balance post the Terra debacle, Tether published a report on the company’s financials. Tether, the largest stablecoin by market cap, also lost its peg after dropping to $0.95. This raised fears of another sell-off, which have since been contained after it recovered most of its position.

21.05 / 12:45

Lowe's Tether NOT Why USD Coin [USDC] may not yet be ready to overtake Tether [USDT]

Tether [USDT] must surely feel USD Coin [USDC] breathing down its neck in terms of market cap ranking as investors look at the wreckage of TerraUSD [UST] and re-assess their stablecoin preferences. To that end, two metric-based milestones go a long way in telling us about the demand for USDC – and its potential future.

21.05 / 08:55

Blockchain Stablecoin Tether Usd Coin Do you have the right to redeem your stablecoin?

Stablecoins are often discussed with regard to their “stability.” It is usually questioned whether a stablecoin is sufficiently backed with money or other assets. Undoubtedly, it is a very important aspect of stablecoin value. But, does it make sense if the legal terms of a stablecoin do not give you, the stablecoin holder, the legal right to redeem that digital record on blockchain for fiat currency?

20.05 / 22:17

NASDAQ Tether Asia Bitcoin Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions

On May 12 the total crypto market capitalization reached its lowest close in 10 months and the metric continues to test the $1.23 trillion support level. However, the following 7 days were reasonably calm while Bitcoin (BTC) gained 3.4% and Ether (ETH) added a modest 1.5%. Presently, the aggregate crypto cap stands at $1.31 trillion.

20.05 / 19:19

Stablecoin Tether cryptos Holdings Top stablecoin Tether boosts US Treasuries holdings

Tether, the world's largest stablecoin, said on Thursday it has boosted its holdings of U.S. government debt while cutting exposure to riskier assets, the first look at its reserves since the token was rocked by the crypto sector's recent sell-off. Stablecoins, a variety of cryptocurrencies designed to keep a steady value, are in sharp focus after crypto markets were rocked last week by the demise of the TerraUSD token. Usually underpinned by reserves of assets such as dollars, gold and government debt, stablecoins are widely used in cryptocurrency trading — with Tether the predominant medium for moving funds between crypto or into regular cash.

20.05 / 16:23

Blockchain Technology Stablecoin Tether Future UST aftermath: Is there any future for algorithmic stablecoins?

TerraUSD (UST) is an algorithmic stablecoin that is pegged at $1.00. But, on the evening of May 19, it was trading for $0.083.

20.05 / 15:15

Blockchain Stablecoin Tether DAI Backed Algorithmic, fiat-backed or crypto-backed: What’s the best stablecoin type?

TerraUSD (UST) flipping BinanceUSD (BUSD) for the third spot in the market capitalization list didn’t last long. The once-mighty stablecoin that powers the entire Terra ecosystem finds itself reduced to “Terra is more than UST” tweets. While no one knows for sure if LUNA can stage a comeback, UST will certainly go down as one of the algorithmic stablecoins that went kaput in the same fashion as Basis Cash — which Terra creator Do Kwon was allegedly a part of — and Mark Cuban-backed Iron Finance.

20.05 / 10:23