Tether Banker Says the Stablecoin is Fully-backed

Deltec, the Tether (USDT) banker based in the Bahamas, says the popular stablecoin is fully-backed, downplaying long-standing reports of the integrity of its client’s reserves. The declaration is coming as both Tether and Bitfinex are submitting documents to the New York Attorney General (NYAG) concerning an $850 million embezzlement case from April 2019. Tether isRead More

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Tether FUD: USDT is Regulated and Market Manipulation Accusation is Just “Nonsense,” says CTO

Tether, which has grown to nearly $25 bln market cap, is following the law, collaborating with the regulators, and registered with FinCEN, said Paolo Ardoino. The post Tether FUD: USDT is Regulated and Market Manipulation Accusation is Just “Nonsense,” says CTO first appeared on BitcoinExchangeGuide.

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Tether (USDT) To Face Do or Die Situation in 2021: Messari Report

Tether is the cryptocurrency industry’s biggest threat in 2021, says a report penned by Messari’s Founder Ryan Selkins. The 134-page thesis ventured into the stablecoin’s emergence as a proxy for the US dollar that helps crypto traders getting in and out of their positions quickly on exchanges.

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Second-Largest Stablecoin USDC to Launch on Stellar In 2021

The second-largest stablecoin after Tether (USDT), USDC is scheduled to launch on the Stellar blockchain in 2021. This is according to an announcement by Center Consortium and Circle on Thursday, October 15, which says that the stablecoin will be on Stellar in Q1 of 2021.

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Tether Is An Accident Waiting To Happen, Says Veteran Trader Peter Brandt

Tether (USDT) is a stablecoin backed by the dollar at a rate of 1:1. According to the parent firm, USDT will always maintain a 1-to-1 ratio with the U.S. dollar in terms of value, however, Tether has received enormous amounts of criticism over the years, specifically because of their claims about the digital asset being […]

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Tether Prints $300 Million But XRP Still Retakes Third Position

Another $300 million USDT has been printed, but not issued, “meaning that this amount will be used as inventory for next period issuance requests,” Paolo Ardoino, Bitfinex’s COO, says. That...

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Messari: Tether (USDT) Likely to Surpass Bitcoin as the Dominant Cryptocurrency

Although stablecoins are a relatively new invention in the cryptocurrency space, they have become quite popular among those who use cryptocurrencies for payments. The most preferred of them all is Tether’s USDT which a Messari researcher says may have the potential to replace Bitcoin as the dominant currency on public blockchains. Its number of daily […]

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New Crypto Bridge Will Make Tether Transactions Cheaper, CTO Says

Bitfinex and Tether CTO Paolo Ardoino says he hopes pToken – a project he has assisted – will make it easier for retail USDT holders to swap their tokens from one chain to another.

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CoinEx Exchange and Simplex Partner to Easily Buy Cryptocurrencies With Credit Cards

On March 31, crypto exchange CoinEx disclosed they will become partners with Simplex in order to aid crypto credit card purchases. As per the exchange’s press release says, CoinEx users are now able to buy 5 digital currencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Tether (USDT) with their credit […]

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NYOAG Plainly Says It Will Blow Up Bitfinex for Defrauding Investors

Coinspeaker NYOAG Plainly Says It Will Blow Up Bitfinex for Defrauding InvestorsThe USDT "token distribution" may start changing in next days due to the bad news for Bitfinex and Tether.

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200 Mln USDT Transferred from Omni to ERC20 as Ethereum Getting Popular En Mass Again

Whale Alert records another massive crypto transfer from the Tether Treasury, but the Tether-Bitfinex CTO says its a token swap from Omni to Ethereum?s ERC20

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Liquid has massive potential, says BTSE CEO as USDT support announced

Multi-asset cryptocurrency exchange BTSE recently announced its support for USDT and Bitcoin on Blockstream's Liquid network. This support was added after news of USDT’s launch on Blockstream’s siThe post Liquid has massive potential, says BTSE CEO as USDT support announced appeared first on AMBCrypto.

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Tether Says Its Stablecoin Is ‘Fully Backed’ Again

Tether says its USDT stablecoin is "fully backed by reserves," after reporting in April its token was only 74% backed.

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Bitcoin All-Time High Organic, Not Single Whale Manipulation, Says Vaneck Analyst

Researchers behind an earlier study claiming that US Dollar Tether (USDT) was the cause of the 2017 Bitcoin bull market peak now claim that a single large holder drove the price upwards. However, an analyst at VanEck believes this to be nonsense.

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Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder

Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China.

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Bitcoin (BTC) Price Rally And Recent Influx of USD Directly Correlate

Bitcoin (BTC) adds 8. 1 percent USDT minting correlates with USD expansion says, Jesse Powell Kraken CEO, Jesse Powell, is confident that there is no link between BTC prices and USDT minting. At the time of press, BTC is up 8.

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Tether Mints $150M USDT, Crypto Twitter Screams Scam While Bitfinex Says ‘Authorized Not Issued’

Tether Ltd. Releases Bank Statements, Showing Proof that It Has Enough USD to Back USDT in Circulation Tether is one of the most popular stablecoins in existence and is also a very controversial one and it has been involved in several scandals over the last few years. Since it gained popularity it had been accused […]

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Bitcoin Price ‘Coiling Up’ For $10K, Says Max Keiser As Tether Hits Record $3B Market Cap

Bitcoin industry figures are throwing their weight behind predictions Bitcoin price will reach $10,000 soon as Tether’s market cap passes $3 billion. $10K BTC Next? Stablecoin Tether, whose issuing company has continued its activities as normal despite an ongoing US court case, increased its supply by 100 million USDT tokens May 24.

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Tether [USDT]’s volume should be seen as a ‘completely irrelevant metric’, says researcher

Tether [USDT] has been a topic that has been voraciously discussed across the board lately, with the Bitfinex-Tether scandal providing the ground for the controversy surrounding the stablecoin. Another controversial topic in the cryptocurrency industry was the issue of fake transaction volumes on many of the popular cryptocurrency exchanges.

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Bitfinex CTO says $1 billion fund raise complete, is it good for the crypto market?

According to Paolo Ardoino, the chief technology officer (CTO) of Bitfinex, the crypto exchange has completed fundraising of $1 billion in tether (USDT). Ardoino said: “Bitfinex is able to raise 1b USDt in 10 days, in a private sale.

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Bitfinex Secures $1 Billion From Private Investors

Bitfinex, the embattled cryptocurrency exchange, says it raised about one billion in USDT from private investors even amid accusations that the company and Tether covered up losses to the tune of $850 million.

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Tether (USDT) Circulation 74% Backed by Dollars Says Tether Lawyer

After opening a credit line to Bitfinex, Tether Inc. has announced it practices a form of fractional reserve liquidity.

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Antoni Trenchev of Nexo Says He Isn’t Worried About the Recent Tether (USDT) Controversy

As per an all-new interview with Antoni Trenchev, the Nexo co-founder and managing partner stated that Tether and Bitfinex’s ongoing issues with the New York State Attorney General did not faze him in the slightest — especially since the altcoin market at large had remained relatively stable after it was revealed that the Attorney General’s […]

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Tether Stablecoin Only Has 74% of USDT Backed by Cash and Fiat Equivalents, Says Legal Counsel

Tether has been experiencing some major negative attention lately after rumors started circulating about how the stablecoin is actually backed. However, it looks like Tether’s general counsel is coming out of the woodwork with a little more honesty, as he has confirmed that there is 74% of the stablecoin’s liquidity that is backed by fiat […]

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Bitfinex/Tether hits back at NY AG; says Martin Act action will not hold as USDT falls outside statute’s reach

The drama of the NY Attorney General and Bitfinex/ Tether drama has taken a turn as iFinex Inc. , BFXNA, BFXWW Inc. , and Tether Unlimited released a new document. The 30-page memorandum of law stated that the Attorney General “will not succeed” further questioning its basis on The Martin Act.

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Rumor Says Bitfinex Preparing for Tether (USDT) Exchange Offering

Social media rumors are suggesting that Bitfinex may attempt to raise funds in USDT.

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Tron [TRX] CEO Justin Sun says partnership with Tether [USDT] is vital for the ecosystem

The Tron Foundation and its Chief Executive Officer [CEO] Justin Sun have been in the news multiple times over the past few weeks because of the number of partnerships and updates coming out of organization’s stables.

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Binance Says Tether (USDT) Belongs To Clients Who Are Customers, Not To The Exchange

Binance, one of the largest cryptocurrency exchanges in the market, has moved over $782 million in Tether (USDT) tokens. Due to this reason, many individuals were wondering what was Binance doing after moving such a large amount of USDT.

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Binance’s Tether [USDT] worth $782 million belongs to its customers, not the exchange, says CZ

Over the years, Bitcoin [BTC] and other cryptocurrencies have grabbed the attention of several institutions and regulatory bodies, mainly due to price swings and its underlying technology, the blockchain.

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Tron’s [TRX] Justin Sun says USDT-Tron partnership will make USDT will be more reliable, faster, and cheaper in the future

In a recent podcast with Rachel Wolfson, Tron’s CEO, Justin Sun, emphasized on the importance of stablecoins in the cryptocurrency ecosystem and the objective behind the launch of the upcoming USDT-Tron stablecoin.

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Justin Sun Says New USDT-TRON will be Fast, Free and Smart!, Launch Expected On 9th Of April

Just when new development from Tron seems to be over, another major development gets announced. This time, Tron foundation CEO Justin Sun is announcing the launch of Tron-based USDT in two days. In a chat with Rachel Wolfson on The Crypto Chick, the CEO said the USDT-Tron token holds many potential advantages for investors that are […] The post Justin Sun Says New USDT-TRON will be Fast, Free and Smart!, Launch Expected On 9th Of April appeared first on ZyCrypto.

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Justin Sun Says “Tremendous Demand” for USDT-Tron Stablecoin Coming Next Week

The USDT-Tron stablecoin is ready for launch on April 9th that according to Tron founder and BitTorrent CEO Justin Sun is receiving tremendous demand across the globe along with a lot of interest from the institutional investors.

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Coinbase allows remittance using cryptos such as XRP, Bitcoin [BTC] and USD Coin, says CEO Brian Armstrong

Brian Armstrong, CEO and Co-founder of Coinbase, spoke about the use of XRP and USDT for Coinbase international transfers, during an Ask-Me-Anything [AMA] session on YouTube. Sweden Fork, a Twitter user, asked Armstrong the reason behind Coinbase choosing XRP and USD Coin [USDC] for Coinbase international transfers, over Bitcoin [BTC], the largest cryptocurrency by market […] The post Coinbase allows remittance using cryptos such as XRP, Bitcoin [BTC] and USD Coin, says CEO Brian Armstrong appeared first on AMBCrypto.

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Bitcoin’s 4th Largest Exchange to Support Tron Stablecoin

The liquidity of the Tron network is about to go to the next level. As we previously reported, Tether is expanding its USDT product to the Tron blockchain. Now the community has heard from a veteran exchange – USDT-Tron is going to list on OKEx.

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Tether’s USDT Stablecoin Not Necessarily 100 Percent Backed By USD

Tether says its coin is backed by “cash equivalents” and “other assets.” But what are these?

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Tether Updates Website, Says USDT Backed by “Reserves,” Not Just Cash

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Tether Says Its USDT Stablecoin May Not Be Backed By Fiat Alone

Tether has updated the terms on its website, saying that its dollar-pegged USDT stablecoin may not be backed 100 percent by fiat reserves.

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New Bloomberg Report Says Tether (USDT) May Indeed Have the Billions in Backing Its Stablecoin

Tether has been a stablecoin from the start, which is what they’ve claimed. There’s been numerous reports about their validity as such, and there’s been documentation provided that is rumored to be false.

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Tether Says Customers Can Once Again Deposit and Redeem Fiat

Tether is again offering fiat redemption of its stablecoin USDT. Meanwhile, Bitfinex is now offering tether trading pairs with USD and EUR.

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Top 5 CPA Firm Confirms Funds in First Attestation of Circle’s USDC

Circle’s USD Coin (USDC) has released an independent, third-party attestation of its bank account, and according to a top 5 public accounting firm, the stablecoin has its funds in order.

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Stablecoins Are ‘The Craze Right Now,’ CoinJar Co-Founder Says

CoinJar co-founder Asher Tan says the subject of stablecoins is beginning to gain prominence in the cryptocurrency narrative. Many stakeholders in the digital currency space believe stablecoins may be the next big thing in the industry.

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Tether Opens Bank Account with Caribbean Deltec Bank

Tether Limited, the issuer of stablecoin Tether (USDT) wholly-owned by Bitfinex, has opened a bank account with Bahamas-based Deltec Bank. The move follows a long process of due diligence review of the company, including the ability to maintain the USD peg at any moment in time, the announcement says.

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Tether’s New Bank Partner Reveals USDT Reserves

Tether (USDT) has unveiled a relationship with a Bahamian bank that it says has reviewed the company regularly over the last few months. Tether has included a balance statement from the bank which says the project has nearly $2bn in reserve funds- more than the present public market cap.

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Billionaire Novogratz Says Tethers Lack of Transparency Leads Him to Prefer Gemini’s GUSD

Novogratz Says Tether Didn’t Do a Good Job to Create Transparency The billionaire and recognized investor, Mike Novogratz, has blamed Tether due to its lack of transparency to manage funds. Tether (USDT) is one of the most known and used stablecoin in the market.

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Huobi's US Exchange Sees 30% Boost in Trading for Tether Alternative

A spokesperson for HBUS says the exchange has seen a massive increase in USDT/TUSD trading this week after tether broke the proverbial buck.

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Huobi Joins OKEx in Adding Four New Stablecoins

Huobi Global has announced its decision to list four USD-pegged stablecoins by the end of the week. In a support notice published on its platform, the company noted that users will be able to make deposits for Paxos Standard Token (PAX), True USD (TUSD), Circle’s (USDC), and Gemini exchange’s (GUSD) on its exchange starting from Friday, October 19, 2018 (GMT +8).

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OKEx Lists Four New Stablecoins

Digital assets platform OKEx has added four stablecoins to its listed assets. According to a support notice published by OKEx, the Hong Kong-based cryptocurrency exchange says that TrustToken's TrueUSD (TUSD), Circle's USDCoin (USDC), the Gemini Dollar (GUSD) and Paxos Standard Token (PAX) are now live on the platform.

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Study Argues Tether Wasn't Used to Prop Up Bitcoin Price

Published a month before a report by researchers from the University of Texas alleging that stablecoin Tether (USDT) issues new tokens to manipulate bitcoin's price, another academic study has come to light that challenges this theory.

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New Study Argues Tether Wasn't Used to Prop Up Bitcoin Price

Following an earlier report by researchers from the University of Texas alleging that stablecoin Tether (USDT) issues new tokens to manipulate the bitcoin price, a new report has emerged debunking this theory.

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