“No need to go public:” Tether brushes off IPO talk post Circle debut

The public listing of USDC issuer Circle has raised questions about whether Tether could pursue an IPO of its own. In response, the latter has made its stance clear. According to recent comments by CEO Paolo Ardoino, Tether, the issuer…

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Tether withdrew $1 billion USDT from the Solana blockchain as part of the swap

Tether announced a swap, as a result of which the company converted $1 billion USDT stored on the Solana blockchain, transferring its stablecoins to Ethereum The issuer of the USDT Tether stablecoin announced the commission of a large-scale swap between blockchains.

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Tether Ditches Solana, Performs $1 Billion USDT Swap

In a backward move for the Solana ecosystem, stablecoin issuer Tether is set to swap 1 billion USDT on Solana for ERC20 tokens for use on Ethereum The post Tether Ditches Solana, Performs $1 Billion USDT Swap appeared first on BeInCrypto.

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82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation

The USDT issuer had total assets of $68.06 billion at the end of the third quarter, exceeding its total liabilities of $67.8 billion.

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$46 million of USDT embargoed on FTX by Tether due to legal request

Following sanctions from legal authorities, stablecoin issuer Tether has confiscated around $46 million worth of USDT on the Tron blockchain network. The wallet address currently holding the stablecoins is suspected to be owned by the defunct cryptocurrency exchange FTX. Tether…

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Tether Freezes Over $46M of FTX’s USDT

Centralized stablecoin issuer Tether has frozen funds belonging to FTX. Funds Locked According to data from Whale Alert, at least 46,360,701 USDT of FTX’s funds was frozen today at 14:11...

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Tether Freezes $46M of USDT Held by FTX Following Law-Enforcement Request

Stablecoin issuer Tether has frozen $46 million of USDT on the Tron blockchain following a request from law enforcement.

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Tether (USDT) Hits Back against Media Misinformation

Tether is asserting that Bloomberg is misinforming the public about USDT. They have been targeting the issuer of USDT with a slew of bad media coverage.

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US Tether Bank Fraud Investigation Changes Hands Within the DOJ: Report

A criminal investigation into whether Tether’s executives committed bank fraud in the early days of the stablecoin issuer’s existence has been reassigned after months of stagnation, according to Bloomberg.

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Stablecoin Issuer Tether to Make USDT Available at 24,000 ATMs in Brazil

The conversion of tether to Brazilian reals and vice versa will be managed by local crypto services provider SmartPay in conjunction with TecBan, which owns the ATMs.

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Tether reduces commercial paper reserves for USDT to zero

Stablecoin issuer Tether has eliminated commercial papers from its USDT reserve, according to its latest reserve update. The post Tether reduces commercial paper reserves for USDT to zero appeared first on CryptoSlate.

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Tether Cuts Out Commercial Paper Holdings To Foster Trust

The stablecoin issuer Tether (USDT) has made good on its word to cut its exposure to riskier assets like commercial paper. The post Tether Cuts Out Commercial Paper Holdings To Foster Trust appeared first on BeInCrypto.

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Tether cuts commercial paper reserves to zero

Tether’s commercial paper has shrunk to zero, the USDT issuer has announced. Instead of…

The post Tether cuts commercial paper reserves to zero appeared first on CoinJournal.

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Tether reduces commercial paper exposure to zero, replaces investments with T-Bills

The USDT issuer has faced criticisms for its exposure to commercial paper and, specifically, its alleged holdings of Chinese commercial paper.

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Stablecoin Issuer Tether Cuts Commercial Paper Holdings to Zero

The company has been gradually replacing its commercial paper holdings with U.S. Treasury bills.

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Tether stablecoin issuer freezes 8.2M USDT on Ethereum: Data

Tether has frozen a total of 215 USDT addresses on Ethereum in 2022 so far, according to data compiled by ETH researcher Philippe Castonguay.

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Tether reduces commercial paper exposure to below $50M, Treasury bills rise to 58.1% of reserve

Insider information on Tether’s reserve revealed that as of September 30, the shadlecoin issuer had increased its United States Treasury bills to 58. 1% of its reserves while reducing its commercial paper exposure to below $50 million.

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Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commercial Paper Holdings to Below $50M

The firm had said it plans to bring its commercial paper holdings to zero by the end of the year.

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Friedman, Former Tether’s Auditing Firm, Faces Over $1.6 In Penalty By SEC

The U.S. Security and Exchange Commission (SEC) sued and set charges of 1 million USD as a monetary penalty against Friedman LLP, the former auditing firm of Tether. Although the stablecoin issuer Tether hired the same auditing company from May 2017 to January 2018, the case filed last week does not count it. It has […]

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Tether's Former Auditor Fined $1M by SEC for Sloppy Accounting

The U.S. Securities and Exchange Commission (SEC) filed and settled charges last week against Friedman LLP, the former auditing firm of stablecoin issuer Tether, finding “serial violations of the federal securities laws” and numerous instances of “improper professional conduct,” according to an order published Monday.

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U.S Judge Orders Tether To Produce Financial Records Proving USDT’s Backing

Stablecoin issuer Tether has recieved a court order to produce financial records that prove the backings of its USDT. The Judge at Northern District Court New York, Katherine Polk Failla, issued the order for Tether on Tuesday upon the plaintiffs’ request to prove its reserves.

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Tether Addresses Court Order in $1.4 Trillion Lawsuit

Controversial stablecoin issuer has addressed recent ruling in $1.4 trillion market manipulation lawsuit

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Stablecoin Issuer Tether Ordered to Produce Documents Showing Backing of USDT

The order relates to an ongoing lawsuit that alleges that unbacked USDT issuances have caused $1.4 trillion in damage to the market.

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Tether (USDT) Seek Termination of Legal Firm Linked to Avalanche (AVAX)

Tether (USDT) has requested that Roche Freedman, the legal firm accused of holding a “secret pact” with Avalanche (AVAX), be terminated from a class action suit brought against the stablecoin issuer, citing a conflict of interest.

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Tether responds to Wall Street Journal ‘disinformation’

To attack Tether’s reserves [...] further highlights an agenda by the publication to single out Tether and hurt its reputation,” the USDT issuer said.

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Tether Hits Back at WSJ After Damning Report

Leading stablecoin issuer has played down accusations in recent report published by The Wall Street Journal

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Tether responds to WSJ’s insolvency claim, says its US Treasury assets are safe

Tether has responded to concerns raised by a recent article by The Wall Street Journal claiming that the USDT issuer has inadequate reserves. The post Tether responds to WSJ’s insolvency claim, says its US Treasury assets are safe appeared first on CryptoSlate.

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Stablecoin Tether Dismisses Wall Street Journal's Claim of Inadequate Reserves

Stablecoin issuer Tether has hit back at a Wall Street Journal article that claimed its balance sheet comprised of "unsafe assets."

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Stablecoin Issuer Tether Dismisses Wall Street Journal's Claim of Inadequate Reserves

Stablecoin issuer Tether has hit back at a Wall Street Journal article that claimed its balance sheet comprised of "unsafe assets."

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Tether’s Tornado Cash Noncompliance Is Less Brave Than You Think

The world’s largest stablecoin issuer won't freeze tainted addresses, for now.

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Tether Sticks to Decision Not to Bar Tornado Cash Addresses

The stablecoin issuer sees a freeze of secondary Tornado Cash addresses as premature, and awaits more clarity from U.S. authorities.

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Tether’s total assets fell by over $15B in Q2: report

Tether’s total assets as of the end of the last quarter stood around $66. 4 billion, the USDT issuer said in its latest quarterly assurance report. The stablecoin issuer, whose USDT token is the largest and most widely used in the world, said accounting firm BDO Italia had completed this assurance opinion.

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Independent Tether attestation reveals 58% decrease in commercial paper holdings

An independent review from the accounting firm BDO reported that the stablecoin issuer's total assets exceed its consolidated liabilities.

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New Auditor for Stablecoin Issuer Tether Confirms Slashing of Commercial Paper Holdings

Stablecoin issuer Tether has cut its commercial paper exposure to $8.6 billion, with a reduction to $200 million on track by the end of the month.

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Tether aligns with top 5 accounting firm for monthly attestations

Tether Holdings Limited, the issuer of stablecoin Tether (USDT), has announced that attestation reports for its reserves will now be handled by BDO Italia, an accounting firm from the BDO global network.

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Tether Swaps Accounting Firms, Says It Will Publish Monthly Attestation on Stablecoin Backing

Stablecoin issuer Tether Holdings has tapped BDO Italia, the Italian branch of accounting firm Binder Dijker Otte, to provide attestation reports.

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ETH 2.0 Receives Support From Tether Despite Reports of Delays

The future of ETH 2.0 hangs in the balance, but Tether, issuer of the USDT stablecoin, has fanned the embers of hope among believers by announcing its full support. The post ETH 2.0 Receives Support From Tether Despite Reports of Delays appeared first on BeInCrypto.

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Tether Hits Back at Critics; Clarifies Once Again That It Holds No Chinese CP as Reserves

Stablecoin issuer Tether took to Twitter on July 27 to clarify that it holds no Chinese commercial paper (CP) on the back of industry rumors that continue to claim its portfolio in the vertical is backed by 85% Chinese or Asian commercial papers.

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Tether says it liquidated Celsius loan at no loss

Tether, the issuer of the world’s largest stablecoin USDT, has reportedly liquidated the loan advanced to struggling crypto lender Celsius. According to the firm, its liquidation of the overcollateralized loan did not result in any losses on its part, and that the loan was indeed a very small portion of its shareholder equity.

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