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.
Latest USDT News
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.
Tether keeps on minting as legal woes pile up
A roundup on recent Bitfinex and Tether news: Tether Treasury prints new USDT coins, while lawyers for Bitfinex appeal NYAG documents collection request.
Tether co-founder admits he doesn’t have clue how stablecoins work
If there was any doubt over whether or not Tether knew what it was doing, that doubt has now been removed and it is apparent that it doesn’t.
Tether lawyers confirm USDT stablecoin only partially backed by fiat
Tether only has enough cash on hand to back three-fourths of the supply of USDT, according to recently released documents.
Tether fans, you’ve been warned: Now is the time to be concerned
There have always been questions about whether or not USDT was actually truly tied to the U.S. dollar as Tether had asserted from the beginning.
Tether, the USD-pegged coin that’s no longer backed by USD
Ever since it was first introduced, there have been questions about the legitimacy of the Tether (USDT) stablecoin.
Tether issues another $250M worth of new USDT tokens
Tether, which trades at around 1:1 with the U.S. dollar, has just printed a quarter of a billion USDT tokens, according to the Omni Explorer.
Recent Tether hack stirs up rumors of BTC pump-and-dump conspiracy with Bitfinex
Questions about how Bitfinex is staying afloat with no publicly known bank backing them is inciting dangerous theories.
