New Tether report sheds light on biggest buyers
Protos Media released a report detailing who is buying USDT, pointing out that Tether has grown from a market cap of $1B in 2017 to over $70B at the time of writing.
Latest USDT News
Crypto Crime Cartel: FTX, Sam Bankman-Fried, Tether and Solana
Sam Bankman-Fried and FTX’s ties to Tether go beyond merely enjoying the increased activity that Tether’s constant printing brings about for exchanges throughout the ecosystem.
US goes after wallets holding $10M in USDT stolen by fake Coinbase rep
The USDT was stolen from a California resident by an individual posing as a Coinbase representative who took control of his account and transferred 200+ BTC, authorities said.
Tether banned on Canada’s first 2 licensed digital currency exchanges
Due to Tether’s legal troubles, the Ontario securities regulator has placed the digital currency under “Prohibited Crypto Assets,” the only asset under this category.
Tether links to questionable ‘market makers’ yet another cause for concern
The fact that billions in fresh capital allegedly continue to pour into Tether’s coffers despite the looming threat of more legal action will only fuel skepticism surrounding the existence of the fiscal reserves backing USDT.
Tether execs bat away CNBC questions on USDT’s lack of transparency
The jig may be up for the Tether stablecoin following a trainwreck CNBC interview and regulators losing patience with the digital currency sector’s aversion to oversight.
USDC: Coinbase is involved with 2 stablecoin scams?
While the sheer size of the Tether and USDT scheme makes them lightning rod for stablecoin criticism, they aren’t the only stablecoin.
What is Tether backed by?
A recent announcement from the bank Tether uses (Deltec Bank) has once again called the amount of reserves Tether has into question.
Huobi Futures includes BSV in listings for new USDT-quoted margined swaps
The swaps are quoted in USDT, marking the first time Huobi Futures has offered such trades entirely in digital currency.
Guangdong police freeze 4,000 bank accounts in latest digital currency crackdown
Authorities identified bank accounts belonging to digital currency OTC traders suspected of involvement in illegal money laundering activity.
Did Tether just print $120 million new USDT?
Given the concern regarding Tether actually being fully backed, the event seems counter-intuitive to what is supposed to be the nature of Bitcoin.
Tether attempts to get ‘frivolous’ class-action lawsuit thrown out
Tether doesn’t believe there’s any merit to the accusation that it helped create the “largest bubble in history” and rejects claims that it has manipulated the cryptocurrency market in any way.