15 / 22 Relevant items tagged with #Tether

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Binance Advises Paysafe Users to Convert Euro Balances to Tether

[Sep 28, 2023 4:30 PM] Crypto exchange Binance has issued a recommendation for customers using the services of Paysafe for euro (EUR) transfers. The crypto trading platform is advising users to convert their euro balances to tether (USDT) or withdraw them to bank…

Binance urges users to convert Euros to USDT after Paysafe debank

[Sep 27, 2023 11:36 PM] Binance’s European debanking woes continue as it urges Paysafe users to convert their Euros to digital dollars.

Tether reportedly shuts USDT redemption for some Singapore customer groups

[Sep 25, 2023 3:42 AM] Tether in its email said they found Cake DeFi to be controlled by “another corporation that resides in Singapore,” and thus they won’t be allowed to redeem USDT.

Tether Dives Into AI Wave With $420M Nvidia GPU Investment Amid Soaring Demand

[Sep 21, 2023 1:30 PM] According to a report, Tether, the largest stablecoin issuer by market capitalization, has invested $420 million in 10,000 Nvidia H100 graphics processing units (GPUs). This news emerges during a time of surging demand for artificial intelligence…

Tether acquires stake in Bitcoin miner Northern Data, hinting at AI collaboration

[Sep 21, 2023 12:00 PM] The strategic investment into Northern Data through Tether group company Damoon may involve collaborations leveraging AI, P2P communications, and data storage solutions.

Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge

[Sep 21, 2023 9:09 AM] Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing.

Tether 2023 stablecoin loans rise despite size-down announcement in 2022

[Sep 21, 2023 3:50 AM] Tether said the new loans were made on request of some of their long-standing partners and they plan to cut it down to zero by 2024.

How big is Bitcoin in Lugano? Decentralize with Cointelegraph goes to BTC school

[Sep 19, 2023 6:20 AM] Adam Back, Paolo Ardoino and enthusiastic students from all over the world share insights on Bitcoin school as well as crypto adoption in Switzerland.

Tether authorizes $1B USDT to ‘replenish’ Tron network

[Sep 19, 2023 5:27 AM] Blockchain trackers flag $1 billion “authorised but not issued” USDT mint at Tether’s Treasury, CTO Paolo Ardoino clarifies holdings will be used for ongoing TRON issuance requests and chain swaps.

Tether Co-Founder Sizes Up PayPal’s Stablecoin Ambitions

[Sep 18, 2023 4:19 AM] Tether pioneer William Quigley, who was also an early investor in PayPal, said he doubts the payments giant will bring much innovation to the stablecoin space.

Stablecoin Ecosystem Holds Firm Despite Lackluster Activity

[Sep 17, 2023 10:30 AM] The stablecoin economy has remained relatively lackluster over the past 30 days, fluctuating slightly above or slightly below the $124 billion range. In the last 24 hours, the global trade volume for fiat and commodity-pegged tokens has reached…

Stablecoin de-pegging plagued USDC and DAI more than others: Analysts

[Sep 11, 2023 10:25 PM] Stablecoins from Circle and MakerDAO have been more unstable than those from Tether and Binance over the past couple of years, according to a new report from S&P Global.

What Are Stablecoins? A Simple Explanation of the Digital Asset Bridging Crypto and Fiat

[Sep 9, 2023 10:00 PM] Stablecoins occupy a unique space within the realm of finance, straddling the worlds of traditional and cryptocurrency finance. These digital assets aim to achieve price stability by tethering their market value to external references such as fiat…

Tether Boasts $72.5 Billion US Treasury Exposure as Interest in National Debt Falters

[Sep 8, 2023 4:30 PM] Tether, the largest stablecoin in the cryptocurrency market, discussed how its leverage of U.S. treasury bills creates a steady demand for U.S. national debt as a backup of the USDT issuance. The company has exposure to almost $73 billion in U.S…

U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off

[Sep 8, 2023 7:57 AM] The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase.

Decoding the Dominance: A Deep Dive into Ethereum and Tron’s Tether Wallets

[Sep 5, 2023 11:30 AM] Although bitcoin and ethereum dominate the crypto realm in terms of market capitalization, tether (USDT) stands out as the third-largest digital currency by market valuation. Notably, while USDT operates on multiple blockchains, Ethereum and Tron…

Tether's Ardoino says it's now one of top buyers of US Treasury bills, holds $72.5B

[Sep 5, 2023 7:51 AM] The amount of exposure places Tether in the top 22 biggest holders of US Treasury bills, ranking above countries like Spain, Mexico, Australia and the United Arab Emirates.

This Metric Hinted At The Bitcoin Retrace In Advance

[Sep 1, 2023 1:00 PM] The trend in the total supply of the stablecoins may have hinted in advance that the Bitcoin rally wouldn’t last too long. Bitcoin Stablecoins Supply Hasn’t Moved Much Recently An analyst in a CryptoQuant Quicktake post explained that…

August Chronicles Another Month of Decline as 9 of 10 Leading Stablecoins Witness Supply Contraction

[Aug 31, 2023 8:30 AM] Over the past 30 days, nine of the leading ten stablecoins by market cap experienced declines, with BUSD witnessing the most significant dip, plunging 16.6%. As we wrapped up August, the combined value of these stablecoins hangs just below the $125…

Report: Tether Pivots to Bahamas’ Britannia Bank Amid US Banking Strains

[Aug 30, 2023 11:30 AM] In a recent report released on Tuesday, undisclosed sources detailed that the firm behind the top stablecoin in market cap, tether (USDT), is now banking with Britannia Bank & Trust. In the past month, tether’s supply has dipped by 1.3%…

DEA Duped: How a Crafty Crypto Scammer Outwitted the Agency and Made Off With $55K

[Aug 26, 2023 11:30 AM] In a revealing report published on August 24, 2023, a significant oversight by the Drug Enforcement Agency (DEA) was brought to light. In their endeavor to manage assets confiscated from a nefarious enterprise, the DEA mistakenly funneled funds to…

Justin Sun: The Next Do Kwon or Sam Bankman-Fried?

[Aug 25, 2023 1:31 PM]

Tether maintains $3.3B in liquidity cushion: USDT transparency report

[Aug 25, 2023 2:17 AM] The total assets under Tether stand at $86.1 billion with total liabilities amounting to $82.8 billion — thus confirming a reserve backing of over 100%.

DEA gets duped: Agency loses $55K in address poisoning scam

[Aug 24, 2023 7:30 PM] The DEA, the country's lead drug enforcement agency, is yet to find those responsible for the attack but has enlisted the help of the FBI.

Latam Insights — Javier Milei’s Victory Divides Argentina; Bitso Launches Cross-Border Institutional Payment Service

[Aug 21, 2023 2:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Javier Milei’s victory in Argentina causes a devaluation maelstrom, and Bitso launches a…

Worldcoin’s Turbulent Debut: Down 53% From Peak With 85% WLD Held in Just 6 Wallets

[Aug 19, 2023 8:30 AM] In just over 25 days since its listing debut on July 24, 2023, the cryptocurrency known as worldcoin (WLD) has experienced a notable decline of 29% when measured against the U.S. dollar. Notably, within the last week alone, it saw a decrease of…

Tether to Withdraw Support for USDT on Omni, Kusama, and Bitcoin Cash’s SLP

[Aug 18, 2023 4:00 AM] Tether has announced a strategic transition that will see the company withdraw support for USDT issued on Omni, Kusama, and Bitcoin Cash’s Simple Ledger Protocol (SLP). The company stated that one of the factors that affected this decision…

Tether discontinues Bitcoin stablecoin, citing lack of usage

[Aug 17, 2023 2:43 PM] The Tether (USDT) stablecoin will no longer be issued on the Bitcoin Omni Layer, while redemptions will still be open for at least a year.

Tether CTO Paolo Ardoino says Bitcoin mining needs better analytical tools

[Aug 17, 2023 8:25 AM] Stablecoin operator Tether is building specialized Bitcoin mining software aimed at using data analytics to optimize mining operations and boost production, CTO Paolo Ardoino says.

Tether Stops Support for Bitcoin Layer Omni Citing Lack of Demand

[Aug 17, 2023 6:54 AM] Stablecoin issuer Tether has announced that it will discontinue support for Omni, a Bitcoin layer that has been used for USDT transfers since 2014.