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#Tether (USDT)

News about the stablecoin Tether (USDT).

In Turkey, Tether and Shiba Inu Rival Bitcoin as Lira Tumbles
ForkLog 9 10.12.2021

In Turkey, Tether and Shiba Inu Rival Bitcoin as Lira Tumbles

Trading activity in Turkish lira pairs with Shiba Inu and Tether exceeding Bitcoin by more than fivefold amid the lira's sharp depreciation. CoinDesk reports this. In November, Binance data show the lira-BTC trading volume at $918 million, with SHIB and USDT at $5.26 billion and $5.58 billion, respectively. 'Local traders remain attracted by the exceptional returns associated with coins such as SHIB.'
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Tether unit to develop Bitcoin services on the Lightning Network
ForkLog 19 17.11.2021

Tether unit to develop Bitcoin services on the Lightning Network

The issuer of the stablecoin USDT — Tether Holdings Limited — has launched a subsidiary, Synonym Software, which will focus on developing an “alternative” Internet economy based on Bitcoin and the Lightning Network.
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Report: 55% of USDT issued in the interests of Alameda Research and Cumberland
ForkLog 17 12.11.2021

Report: 55% of USDT issued in the interests of Alameda Research and Cumberland

An equivalent of $60.3 billion, or almost 55% of Tether's (USDT) market value, was issued by its issuer between 2014 and October 2021 at the request of market makers Cumberland Global and the Sam Bankman-Fried-connected Alameda Research. Such calculations were reported by Protos analysts.
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Tether to test digital identity service to meet FATF standards
ForkLog 20 26.10.2021

Tether to test digital identity service to meet FATF standards

The issuer of the stablecoin USDT, Tether, announced testing of a digital identity solution from Notabene.
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Hindenburg Research offers $1 million bounty for information on Tether's collateral
ForkLog 15 20.10.2021

Hindenburg Research offers $1 million bounty for information on Tether’s collateral

Hindenburg Research, the investigative firm, has offered a $1 million reward for disclosure of previously unknown information about the collateral backing the stablecoin Tether (USDT).
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CFTC orders Bitfinex and Tether to pay civil penalties totaling $42.5 million
ForkLog 18 15.10.2021

CFTC orders Bitfinex and Tether to pay civil penalties totaling $42.5 million

The U.S. Commodity Futures Trading Commission (CFTC) settled claims against Tether and Bitfinex, ordering civil penalties totaling $42.5 million. The regulator reported this on its site.
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IMF Warns of Contagion Risks to Global Finance From Stablecoins
ForkLog 14 13.10.2021

IMF Warns of Contagion Risks to Global Finance From Stablecoins

Vulnerable to hacks, lacking transparency in issuance and distribution of tokens, and with potential outages due to the high volatility of cryptocurrencies, particularly stablecoins, they pose risks to the global economy. The IMF report notes these conclusions.
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Bloomberg finds Chinese commercial paper in Tether’s reserves
ForkLog 14 07.10.2021

Bloomberg finds Chinese commercial paper in Tether’s reserves

The backing of the Tether (USDT) stablecoin includes short-term loans to major Chinese companies and loans to crypto-lending platforms such as Celsius Network, according to a Bloomberg investigation.
AI translated
Court Rejects Half of Claims Against Tether and Bitfinex in $1.4 Trillion Class-Action
ForkLog 17 30.09.2021

Court Rejects Half of Claims Against Tether and Bitfinex in $1.4 Trillion Class-Action

Judge Kathryn Polk Failla of the U.S. District Court for the Southern District of New York rejected half of the claims against Tether and Bitfinex in the class action, including all claims under the Racketeer Influenced and Corrupt Organizations Act (RICO).
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Bloomberg Strategist: Rising USDT Transactions Boost the Dollar’s Value
ForkLog 32 02.09.2021

Bloomberg Strategist: Rising USDT Transactions Boost the Dollar’s Value

Dollar-pegged stablecoins boost the value of the U.S. dollar, according to Bloomberg Intelligence senior commodities strategist Mike McGlone.
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Tether issuer seeks court injunction to bar disclosure of USDT reserve data
ForkLog 6 31.08.2021

Tether issuer seeks court injunction to bar disclosure of USDT reserve data

The parent company of the Bitfinex crypto exchange and the issuer of the Tether stablecoins, iFinex, has asked the New York Supreme Court to bar media and other organisations from seeking data on the state and structure of USDT reserves over the past several years.
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Ontario regulators bar regulated crypto exchanges from trading Tether
ForkLog 13 27.08.2021

Ontario regulators bar regulated crypto exchanges from trading Tether

Ontario Securities Commission (OSC) has barred two regulated cryptocurrency exchanges—Wealthsimple and Coinberry—from dealing with the stablecoin Tether (USDT). The Block reports, citing the firms.
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