Tether hits $7.7 billion in profit YTD as reserves reach record high

Tether Limited reported $2. 5 billion in net profit for the third quarter, bringing its year-to-date profits to a record-breaking $7. 7 billion. The firm’s strong third-quarter numbers were primarily boosted by its gold holdings, which amount to roughly $5 billion, recording $1.

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Tether Posts Record Quarterly Profits of $4.52 Billion

Tether reports a Q1 profit of $4.52 billion, mainly from U.S. Treasury bonds, marking a significant increase in financial transparency and stability. The post Tether Posts Record Quarterly Profits of $4.52 Billion appeared first on BeInCrypto.

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Tether reports record $4.52 billion Q1 profit

Tether Holdings Limited reports a Q1 net profit of $4.52 billion and a net equity of $11.37 billion, highlighting its financial growth and stability. The post Tether reports record $4.52 billion Q1 profit appeared first on Crypto Briefing.

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1 Billion USDT Minted at Tether Treasury

Tether Treasury has added 1 billion USDT to its reserves in a move that prepares for future demand

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Tether’s Chief Technology Officer Provides Clarity: $1 Billion USDT Minting on Ethereum Intended for Chain Swaps

In a recent development, Tether, the stablecoin issuer, has generated another $1 billion worth of Tether USDT $1. 00 stablecoin on the Ethereum blockchain. This action marks their second billion-dollar mint within a span of two months, adding to the total of over $16 billion minted by the company in 2023.

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Tether’s Market Cap Surpasses $80 Billion, Prints $1 Billion

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Tether (USDT) Market Cap Surpasses $70 Billion, Majority Issued on Tron Blockchain

As the price of Bitcoin hits a new all-time high of $67,000, the market cap of the largest stablecoin, Tether (USDT), has gone to surpass $70 billion in market cap. The majority of Tether’s 70 billion supply, 51.

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Tether Prints $20 Billion This Quarter

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Aggressive Demand for Stablecoins Has Tether Printing 3.4 Billion USDT in Jan. 2021 So Far

Tether’s market cap is ready to breach $25 billion. At the beginning of this year, the market cap of Tether was just over $21 billion, and at the start of Dec. , it was $19. 1 billion, as per CoinGecko.

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Tether Prints $5 Billion in Two Weeks

Tether’s market cap has shot up to near $15 billion with some $5 billion of it printed just this month. This huge jump in USDt is the biggest ever, with...

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Tether’s (USDT) daily transfer volume goes beyond $3.55 billion

Tether (USDT) has recently seen a major surge in its average daily transfer value. In fact, the growth has exceeded $3. 55 billion as of August 20th, which officially put it ahead of Bitcoin, but also PayPal itself.

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Tether Adds Half a Billion in Three Months, USDC Prints $25 Million

Tether’s supply has increased by another circa half a billion since September, reaching now nearly $4. 7 billion across three blockchains and 40 million tokenized euros plus $216,000 worth of Yuan.

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Tether USDt Volume On Ethereum’s Network Surpasses $100 Billion, Up 6000% In 2019

Tether appears to be gaining traction on the Ethereum network, increasing in velocity as new flows occur between exchanges. The USDT total supply has been the same, but recent reports show that their transfer volumes have just passed $100 billion, which has never happened before.

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Tether’s Market Cap Jumps to $4 Billion

Tether’s market cap has suddenly risen to over $4 billion, the highest level since its launch in 2015. The USD pegged token has jumped by more than $1 billion in... The post Tether’s Market Cap Jumps to $4 Billion appeared first on Trustnodes.

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Tether’s market cap hits an ATH of $4 billion; Bitcoin pumps correlated?

Long have there been rumours regarding Bitcoin’s price and Tether. Are they true though? One can only speculate. Tether’s total circulating supply right now is approximately 200 million USDT short of reaching 4 billion.

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CoinFLEX to Launch Polkadot’s DOT Futures on July 17, 2019

CoinFLEX, a platform that offers physically-delivered Bitcoin and Tether futures, is looking to launch its first initial futures offering (IFO) on July 17, 2019. The first project, Polkadot’s DOT tokens, will be offered at $75 each during the IFO.

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Tether Accidentally Minted $5 Billion of Its Stablecoins, Then Deleted Them

Stablecoin issuer Tether accidentally created $5 billion-worth of its USDT stablecoin at the weekend, before promptly destroying them again.

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Tether accidentally issues $5bn worth of USDT, claims it was an issue with decimals

Tether, the issuer of the USDT accidentally issued $5 billion worth of its own stablecoin while Poloniex was conducting a USDT chain swap from Omni to Tron. The CTO of Bitfinex and Tether said there had been an issue with the “token decimals,” after which the company burned the entire 5 billion supply.

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Tether Accidentally Printed $5 Billion Worth Of USDT

While helping the crypto exchange Poloniex move $50 million worth of USDT from the Omni blockchain to the Tron blockchain, Tether inadvertently printed $5 billion worth during the transfer, citing human error.

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Tether Mints 5 Billion USDT Tokens on TRON Network Due to Decimal Mistake

The minting was part of the intended TRON-based incentive program for USDT holders.

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Tether mistakenly printed $5 billion of USDT on TRON

Tether, issuer of the most popular stablecoins USDT, suddenly printed $5 billion of USDT on the TRON blockchain. An hour later, they were minted.

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Oops! Tether ‘Accidentally’ Created $5 Billion in Crypto Out of Thin Air

Due to human error and fat fingers, Tether accidentally printed $5 billion of its fiat-pegged cryptocurrency out of thin air. Oops. The mistake occurred when the Tether team was in the process of moving tokens from the Omni Layer to the Tron blockchain.

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Tether “Accidentally Minted” 5 Billion USDT as Community Investigates the Drama-Filled Matter

Accident happened while making the swap from Omni to Tron Bitfenix and Tether CTO, Paolo Ardoino said “sometimes issues happen” when working with different blockchains Controversial stablecoin, Tether is yet again in the hot waters after the Tether Treasury “accidentally” created 5 billion USDT instead of the required 50 million. The Accident with the Token […]

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Tether Mistakenly Prints $5 Billion

Tether has mistakenly printed $5 billion worth of USDT during a transition from the bitcoin based Omni platform to Tron. Paolo Ardoino, CTO at Bitfinex, said: “While preparing the issuance.

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Tether Treasury lands in troubled waters as it accidentally prints 5 billion USDT followed by a subsequent burn

At 5. 34 PM UTC, Tether Treasury minted a massive amount of Tether, and the news spread like wildfire. Tether which was already speculated to carry out suspicious transactions was questioned for printing 5 billion USDT, an amount large enough to shake things for Bitcoin.

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Binance records a whopping $1 billion inflow in USDT as Bitcoin price trickles down; a major pump incoming?

Binance, one of the world’s largest exchanges, witnessed a massive inflow of USDT as much as a billion dollars [yes, you read it right, $1 billion] in Tether, which ultimately went into Bitcoin.

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Bitfinex Pays Back Part Of $700 Million Owed To Tether

Bitfinex has reportedly forked over $100 million of a $700 million debt it owes stablecoin issuer Tether, leading some to believe the crypto exchange may have reached its LEO token sale goal of raising $1 billion.

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Tether Printers Keep Churning Out USDT as Supply Increases Again

All eyes have been on bitcoin recently as markets move into a consolidation phase following a flash crash last Thursday. What may have gone unnoticed is the issuance of more USDT as Tether market capitalization continues to crank higher.

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Bitcoin surges by 3.86% in an hour, while Bitfinex and Tether Treasury exchange $10 million in USDT

The king coin roars again as it surges by a massive 4. 95% over the past 90 minutes. The coin’s price shot up from $11,503 to $12,073. 19 in a matter of hours. At press time, BTC was valued at $11,967.

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Bitcoin Price Rise Fuelled by Experienced Crypto Traders

Bitcoin’s 2019 parabolic rise is coming from veteran cryptocurrency traders, not newbies, the latest data suggests.   Newbies Absent From 2019 Bitcoin Boom Analysis of capital inflows into Bitcoin , courtesy of monitoring resource Coinlib, shows huge influxes from both altcoin markets and stablecoin Tether.

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Tether (USDT) Supply Increases on All Networks Ahead of Possible BTC Rally

More than 3.5 billion coins exist on the Bitcoin OMNI layer, with an additional 100 million minted for Ethereum-based USDT.

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Tether Just Printed 100 Million USDT as Stablecoin Company Creates $250 Million USDT This Week

Tether has decided to print a lot of money recently. The market cap of the company has grown from $2.8 billion USD to $3.5 billion USD since last month, which is a sizeable increase of over 20%. Tether is the most popular stablecoin of the world and it shows with such a high market cap. […]

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Tether (USDT) Market Cap Sees 65% Surge Since Bitcoin’s April Bull Rally

Since the beginning of April 2019, Tether (USDT) market capitalization seems to be growing in tandem with the recent bitcoin price surge. The current USDT market cap which stands at $3. 34 billion surged 65 percent since the bull rally on April 1, 2019.

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Tether (USDT) Stablecoin Supply Exceeds 4 Billion on All Networks

After aggressive issuance of USDT coins and tokens on various networks, the stablecoin breaks another supply record.

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Equilibrium’s users have put up $21 million of EOS as collateral for generating 5.4 million EOSDT stablecoins

Without a doubt, the Ethereum blockchain underpins the largest and most well-known stablecoin by market cap. These stablecoins include Tether (by far the most established, with a $3 billion market cap), DAI, TUSD, PAX, and others.

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Chinese and Koreans Go Crackers For Bitcoin SV (BSV) On Fake News FOMO

Looking at the crypto charts today reveals one altcoin surging into the top ten as it doubles in price over a few hours. This is a highly unnatural movement for a high cap crypto asset, but then again most things associated with Bitcoin SV are pretty unnatural.

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Tether Tops Bitcoin’s Trading Volume Again as USDT Plays Its Part in ‘2019 is the Year of Stablecoins’ Motto

The speculation that 2019 will be the year for all stablecoins seems to have begun already as Tether (USDT) recorded transaction volumes matching the ‘King Coin' Bitcoin (BTC). On the 28th of May 2019, the cryptosphere witnessed USDT's 24hr transaction volume surpass that of Bitcoin (BTC) by about $1 billion, USDT recorded a volume of […]

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Tether (USDT) Brings Record Supply to the Markets; Is $10k BTC on the Horizon?

After the October 2018 contraction, Tether re-printed and released the previously locked tokens, bringing the total supply to above 3.11 billion USDT.

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Tether [USDT] exceeds Bitcoin’s [BTC] 24-hour trading volume; leads stablecoin charge

The prediction that “2019 is the year of the stablecoins” seems closer to reality after Tether recorded trading volumes rivaling the world’s leading cryptocurrency, Bitcoin [BTC].

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BitMEX’s Hayes: Bitfinex’s LEO Sale Sign Of Returning Bitcoin Bull Market

Weeks ago, Bitcoin exchange giant Bitfinex raised $1 billion worth of capital, purportedly denoted in Tether’s USDT, in an in-house initial exchange offering (IEO). The token being sold was Bitfinex’s own, LEO, and became a popular investment opportunity for whales and other industry insiders.

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Tether’s Market Cap for USDT Reaches a New All-Time High with Over $3 Billion Valuation

Although Tether (USDT) and Bitfinex have been affected by different controversies the stablecoin has reached a new record in its market capitalization. The coin market capitalization of Tether has increased by over 100 million in just 70 days.

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$200 Million USDT Issued on Ethereum, Tether Surpasses $3 Billion

Tether’s market cap has risen to circa $3.1 billion, up $300 million since last month. Sending it to the highest level it has ever been. Tether now has $2.6 billion...

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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 Partly Backed by Bitcoin, Court Transcription Reveals

Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.

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During Bullish April, Fiat-to-Crypto Exchanges Outperform Crypto-to-Crypto

In its April 2019 Exchange Review, released on May 20, 2019, London-based crypto data analysis firm CryptoCompare found that fiat-to-crypto exchanges performed much better than crypto-to-crypto platforms did over the last month, as cryptocurrency prices rose across the board.

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Bitfinex Announces LEO Token Distribution After $1 Billion Private Investment

Crypto-exchange Bitfinex continues to move on from last month’s Tether cover-up accusations, announcing the distribution of its new utility token. Parent iFinex, who raised $1 billion through the private offering, will list the token on the exchange from Monday.

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Op Ed: A Summary of

In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants.

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Bitfinex raised $1 billion in 10 days by selling a token redeemable for Tethers

Embattled cryptocurrency exchange Bitfinex raised $1 billion in 10 days with an initial exchange offering (IEO), money it hopes will alleviate concerns of its financial stability. Bitfinex CTO Paolo Ardoino tweeted Monday that private firms, both inside the cryptocurrency sector and out, had contributed more than $100 million each throughout the fundraising.

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‘Trustworthy’ Bitcoin Exchange That Hid $850 Million Loss Raises $1 Billion

By CCN: Bitfinex CTO Paolo Ardoino told Twitter that the firm was able to raise $1 billion in USDT within a short period because big investors know Bitfinex is “trustworthy. ” Trust, Don’t Verify The New York Attorney General’s office recently opened a very public investigation into the firm.

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