Arcane Research: USDC to overtake USDT in market capitalization this autumn
Arcane Research forecast continued growth in USDC's market capitalization from Circle and a further decline in the market share of the largest stablecoin — USDT from Tether.News about the stablecoin Tether (USDT).
Arcane Research: USDC to overtake USDT in market capitalization this autumn
Arcane Research forecast continued growth in USDC's market capitalization from Circle and a further decline in the market share of the largest stablecoin — USDT from Tether.
Bitfinex, Tether and Hypercore unveil encrypted P2P video-chat app Keet
Bitfinex, Tether and Hypercore launched Holepunch to create fully encrypted P2P applications and unveiled the first of them — the video-chat Keet app.
WSJ: Hedge funds build up short positions in USDT
Among cryptocurrency-focused hedge funds, the number of short positions in the stablecoin USDT is rising amid negative market conditions and the collapse of Terra's ecosystem. The Wall Street Journal reports.
Tether to launch stablecoin pegged to the British pound
The issuer of the largest-stablecoin by market capitalization, USDT, announced the launch of the 'stablecoin' GBPT pegged to the British pound.
Bitfinex and Tether say they will not lay off staff
The Bitfinex cryptocurrency exchange and the Tether company do not plan to lay off staff amid adverse market conditions. The Block reports.
Paolo Ardoino reports DDoS attack on Tether site
On June 18, the issuer of the stablecoin USDT came under a large-scale DDoS attack. The attackers demanded a ransom from Tether, according to Paolo Ardoino, the company's chief technology officer.
USDT market capitalisation slides below $70 billion
The total market value of issued Tether stablecoins USDT fell to $69.3 billion. The last time such a figure was seen was in October 2021.
Tether denies claims that 85% of its USDT reserves are backed by Chinese commercial paper
Tether said that rumors that 85% of its USDT reserves were backed by Chinese commercial paper trading at a 30% discount are false.
Tether says Celsius incident did not affect USDT reserves
Tether said that although the crypto-lending platform Celsius is part of its investment portfolio, the adverse events did not affect the financial stability of the issuer of the USDT stablecoin.
Tether launches USDT on Tezos network
Tether has launched the USDT stablecoin on the Tezos blockchain platform. This is already the twelfth network on which the asset is available, ForkLog representatives said.
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