2019-3-15 22:05 |
Tether says its coin is backed by “cash equivalents” and “other assets.” But what are these?
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"Every tether is backed by a reserve and their reserve is more than what is in circulation," said Gregory Pepin, Deltec Bank's deputy CEO.
2021-1-22 17:15 | |
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Tether says its USDT stablecoin is "fully backed by reserves," after reporting in April its token was only 74% backed.
2019-11-8 13:00 | |
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Legal representatives for Bitfinex and Tether confirm the widely held suspicion that USDT is not one-to-one backed by US dollars. Court documents confirm tethers are only 74 percent backed, and those holding tokens are “subject to the risk of default, insolvency, inability to collect, and illiquidity.
2019-5-1 02:56 | |
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On Wednesday, investors in Tether, the most dominant stablecoin in the crypto market, pointed out a change in the stablecoin’s Terms of Service and Risk Disclosure which described that its USD reserves will be composed of loans issued by Tether, not solely by cash.
2019-3-14 19:48 | |
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Popular stablecoin Tether (USDT) – the world’s 9th largest cryptocurrency by means of market cap, has once again attracted the attention of the crypto community. As noticed by existing Tether investors, the project has removed previous claims that the stablecoin was entirely backed by US dollars.
2019-3-14 18:32 | |
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Tether has updated the terms on its website, saying that its dollar-pegged USDT stablecoin may not be backed 100 percent by fiat reserves.
2019-3-14 16:20 | |
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By design, Tether (USDT) is a refuge for crypto traders seeking security in exchanges supporting the stable coin. Expected to have a 1:1 fiat—crypto peg, the recent change in wording is a cause of doubt and may trigger a run, a sell off as capital flow to Bitcoin.
2019-3-14 16:20 | |
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Beneath all the related hype surrounding blockchain technology exists real substance in the industry’s groundbreaking applications that impact our understanding of modern economics. One of those concepts is the trending stablecoin.
2019-3-8 22:10 | |
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Since tether (USDT) bolstered the idea of a working stablecoin over the last few years, there’s been a variety of different types of stable cryptocurrencies that are usually pegged to the U. S. dollar.
2019-3-4 05:55 | |
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For starters – Implemented on the second largest blockchain Ethereum (ETH) network while depended on the concept of smart contracts, Maker [native token MKR] is a case when the much criticized crypo-volatility is battled an extend being backed by Ether.
2019-2-11 21:32 | |
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Cryptocurrency exchange Bitfinex has announced it will support trading of USD denominated stablecoin Tether (USDT) against fiat USD from Friday. Bitfinex Hedging A Hedge The curious decision, which the exchange revealed in a blog post just hours before the pair went live, appears to be the first of its kind in the cryptocurrency industry.
2018-12-21 16:00 | |
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Bloomberg reported that Tether “has the billions it promised,” suggesting that USDT could be backed one-to-one by dollars. That said, the reserves do not necessarily prove Tether’s innocence in a laundry list of other misconduct.
2018-12-20 11:34 | |
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Bloomberg reported December 18 that Tether, the largest stablecoin by market cap, is most likely backed by equivalent USD deposits. Tether’s Bank Statements Suggest USD Sufficiency According to the report, Bloomberg reviewed the bank statements of four separate months which depicted that the amount of USDT coins in circulation was in accordance with Tether LTD’s […] Bloomberg Finds That Tether Could Be Backed by Sufficient USD Collaterals was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
2018-12-19 15:59 | |
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Rumors surrounding the stablecoin known as Tether (USDT) have long speculated that the parent company does not exactly have the funds to back up the total tokens in the market. The continual uncertainty as to whether USDT was backed by cold cash caused the fake news in mid October that Binance was delisting the stablecoin […] The post Bloomberg: Clues Suggest Tether (USDT) Has the Billions To Back Up the Digital Asset appeared first on Ethereum World News.
2018-12-19 11:13 | |
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Tether, the multi-billion dollar stablecoin is and has been under scrutiny regarding whether each Tether (USDT) has $1.00 USD… The post Bank Statements Suggest Tether is Backed by Billions, But is It Really? appeared first on Invest In Blockchain.
2018-12-19 01:13 | |
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A new report presents evidence of Tether’s legitimacy, suggesting the stablecoins issued match the company’s fiat holdings.
2018-12-19 23:18 | |
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Tether has the funds to convert all USDT into USD according to bank statements seen by Bloomberg which claims the veracity of these USD funds has been confirmed by an unnamed... The post Tether is Apparently Fully Dollar Backed Afterall appeared first on Trustnodes.
2018-12-18 18:20 | |
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Rumors about stablecoin Tether not being fully backed by dollar reserves are looking increasingly thin, according to the latest bank statements, which show that USDT is fully backed by dollar reserves.
2018-12-18 16:00 | |
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Binance — one of the most popular digital currency exchanges across the globe — has announced that it will be adding the fiat-collateralized stablecoin USD Coin (USDC) to its trading platform on November 17, 2018.
2018-11-15 21:11 | |
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There are 2 things we can say for sure about Tether (USDT). One, it’s the most popular stablecoin on… The post 59% of Polled Investors Don’t Believe Tether is Fully Backed by USD appeared first on Invest In Blockchain.
2018-10-29 16:05 | |
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Stablecoin popularity continues to grow, and ever since Tether (USDT) started the trend, numerous other stablecoins have emerged around the world. Despite the recent Tether controversy that has seen the pegged coin’s value drop below $1 — which should never happen, since each coin is supposedly backed by a buck — other stablecoins continue to.
2018-10-24 17:30 | |
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According to the Merriam Webster dictionary, Untether refers ‘to free from or as if from a tether’. Wikipedia defines it as ‘an action that facilitates an action of a technical device without a direct control.
2018-10-23 11:16 | |
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As Tether faces credibility issues in the cryptocurrency market, holders are taking a 5 percent haircut as they exchange the stable coin for other cryptocurrencies, including Bitcoin, on the Bitfinex exchange.
2018-10-18 08:00 | |
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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).
2018-10-17 21:15 | |
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The sky is falling in Crypto today because its biggest stable coin has lost its peg to the dollar. Tether USDT, long claimed to be backed up by millions in fiat reserves, is no longer trading at a dollar, currently sitting at $0.
2018-10-16 00:52 | |
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With the volatility of the crypto market, it’s hardly surprising that people are using cryptocurrencies backed by fiat currencies, also known as stablecoins. One of the most popular among these new breeds of tokens is Tether, a stablecoin where every token is backed by one US dollar.
2018-10-12 17:19 | |
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The popular digital currency exchange, Bitfinex has reportedly stopped its USD deposits to their exchange. This news comes after last weeks, several rumours that the exchange was broke which made management forced to step up and deny the rumours that they were not bankrupt.
2018-10-11 21:30 | |
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Top-three cryptocurrency exchange Bitfinex is pushing back against claims that call its solvency into question. The Hong Kong-based company released a blog post on October 7, 2017, that states, contrary to recent rumors, it is not insolvent.
2018-10-9 00:43 | |
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Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.
2018-10-3 19:05 | |
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A recent academic study by Dr. Wang Chun Wei, a researcher at University of Queensland Business School, concluded that the “kingpin” of stablecoins, Tether (USDT), had no impact on the price of the bitcoin (BTC) during last year’s cryptocurrency bull run.
2018-10-3 18:00 | |
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A Swiss-based company is launching a commodity-backed cryptocurrency token. Tiberius Coin – Backed by Seven Precious Metals Tiberius Group AG, a Swiss asset manager, and commodities trader recently announced its new cryptocurrency token backed by seven precious metals.
2018-9-29 01:10 | |
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Stablecoins have garnered serious investor attention over the past few weeks. Unlike bitcoin and similar cryptocurrencies, they are digital assets built to lessen price volatility and are often paired against the U.
2018-9-29 01:06 | |
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Boston-based cryptocurrency finance firm Circle has just joined the multitudes of other crypto exchange platforms now issuing and trading their own stablecoins. As of September 26, 2018, dollar-pegged USDC is now trading on Poloniex, the crypto-to-crypto exchange Circle acquired in February 2018, and on Circle Trade, the company’s over-the-counter (OTC) platform.
2018-9-27 20:50 | |
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Boston-based Circle Internet Financial Ltd. , creator of the popular retail crypto trading app Circle Invest, has announced that it’s following the lead of other exchanges by launching its own U. S.
2018-9-27 18:00 | |
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It’s become a bit of a hot topic within the crypto-debate. Research carried out during the middle of 2018 suggested that movements of Tether (USDT) could have been disturbing Bitcoin and thus, could have been manipulating the price of Bitcoin.
2018-9-24 13:30 | |
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Grandshores Technology Group, a Hong Kong–listed investment holding company, is seeking to raise around $12. 7 million through a digital token fund, according to reports from the South China Morning Post (SCMP).
2018-9-19 00:42 | |
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University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.
2018-9-13 18:07 | |
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Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U. S. dollar. New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD).
2018-9-11 01:58 | |
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An innovative algorithm is promising to turn the stablecoin space on its head. Kowala, a blockchain protocol whose tokens are algorithmically tied to the value of fiat currencies, announced the alpha launch of its mainnet today.
2018-9-4 18:30 | |
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Blockchain money transfer company Wyre has announced a partnership with MakerDAO, creator of the Dai stablecoin, to offer Dai as part of a fiat-crypto trading pair in more than 30 countries across the world including the U.
2018-8-15 00:54 | |
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Tether is the project that you either love, hate, or know nothing about. For individuals falling into the latter category, here’s a quick overview of this often controversial topic. Tether Remains A Controversy Tether is a stablecoin that is inherently tied to the value of one U.
2018-8-13 21:45 | |
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“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized.
2018-7-26 18:55 | |
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It seems like a new alternative for Tether (USDT) pops up at least once a week recently. And the latest stablecoin to hit the market involves an interesting supporter, computer technology giant IBM.
2018-7-18 12:21 | |
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Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U.
2018-7-18 22:00 | |
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Malta-based tokenization platform STASIS has launched EURS, a stablecoin backed by the Euro. EURS, aiming to be the biggest "fully verified and collateralized stablecoin" in the world, launched with a $100 million pre-launch order book which is expected to hit $500 million by year’s end.
2018-7-16 19:46 | |
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The primary provider of fiat backed digital tokens, Tether, has brought on a Leonardo Real, the former AML quality control manager at the Bank of Montreal, as Chief Compliance Officer (CCO). The hire was reportedly made “in order to create the gold standard for regulatory compliance” in the cryptocurrency sector.
2018-7-13 12:40 | |
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Last month was filled with allegations against Tether over their USD Tether stablecoin. Over numerous accusations of the coin not being backed up by USD in a 1:1 ratio, many alternatives have emerged.
2018-7-13 09:20 | |
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With all the controversy and mistrust surrounding Tether (USDT) it’s no surprise that a multitude of new alternatives have popped up recently. The latest example is from Malta where a company seeking a local crypto license has launched a Euro-backed stablecoin, EURS.
2018-7-12 20:40 | |
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Developers behind the privacy-focused crypto Decred have released details about the project's upcoming privacy rollout. The new features will include hiding user identities and jumbling customer transaction data together, making it harder to track specific coin movements.
A research report from crypto exchange Binance has claimed that the digital currency being developed by the People's Bank of China (PBoC) will be backed one-to-one by fiat, replace notes and coins in circulation, and operate on a two-tiered system.
Investors in messaging app Telegram's Gram token will reportedly receive the first batch of tokens starting October 31. Telegram has also informed investors that the Gram testnet will be made available a couple of weeks before the tokens are delivered.
Researchers at sharia advisory firm Amanie Advisors have published a white paper certifying that Ethereum’s native cryptocurrency, Ether, is sharia compliant because of its utility token classification.
Through a partnership with the HackerOne bug bounty platform, the Libra Association is inviting the public to report vulnerabilities in the Libra network code, offering a max reward of $10,000.
Though the issue has since been resolved, crypto payments firm BitPay blocked a $100,000 donation made in an unnamed cryptocurrency to charity Amazon Watch, which is working to stop the fires currently ravaging the Amazon rainforest.
Three unnamed members of the Libra Association, the group tasked with overseeing Facebook's Libra network, have considered leaving the group, citing disappointment related to crypto regulations and fears of backlash from publicly showing support for Libra.