USDT holders have withdrawn $10 billion into fiat since the start of May
Since the start of May, Tether Holdings Limited has redeemed tokens from USDT holders worth $10 billion. The Guardian reports this.News about the stablecoin Tether (USDT).
USDT holders have withdrawn $10 billion into fiat since the start of May
Since the start of May, Tether Holdings Limited has redeemed tokens from USDT holders worth $10 billion. The Guardian reports this.
Tether trims USDT collateral in commercial paper by 17%
In the first quarter of 2022, the issuer of the stablecoin USDT—Tether Holdings Limited—reduced its reserves in commercial paper by 17%. By the end of the second quarter the company planned to reduce the collateral in these assets by a further 20%.
Tether shifts the bulk of USDT collateral into US Treasuries
The bulk of USDT collateral is in US Treasuries. Over the past six months, the stablecoin issuer Tether has trimmed its holdings in private securities.
USDT stablecoin deviates from its peg to the US dollar
Against the backdrop of market turbulence, the price of the stablecoin USDT tested the $0.94 level. Paolo Ardoino, chief technology officer of the issuer Tether, said that the reserves are enough to redeem all assets on a 1:1 basis with the US dollar.
Tether CTO says the company has no plans to go public
The issuer of the stablecoin Tether is not considering an IPO. In an interview with CryptoPotato, CTO Paolo Ardoino said.
Tether to launch CHF100m fund as Lugano cements blockchain-hub status
To realise the «Plan ₿» for the Swiss city of Lugano, project participant Tether plans to launch a fund of no less than 100 million Swiss francs (~$107 million). Finews reports.
Bloomberg: American hedge fund took a short position against USDT
The American hedge fund Fir Tree Capital Management has taken a 'significant' short position against the stablecoin Tether (USDT). The vehicle bets on a decline in the value of the issuer's reserve securities.
Santiment: Whales accumulate USDT to buy Bitcoin cheaply
Santiment analysts have observed a rise in the number of coins on large USDT addresses.
Swiss Lugano to permit Bitcoin and USDT payments within the city
The Swiss city of Lugano will de facto make Bitcoin, Tether (USDT) and the LVGA city token legal tender.
Tether to turn Swiss Lugano into Europe’s Bitcoin capital
The company Tether and the authorities of Lugano announced plans to transform Lugano into Europe’s Bitcoin capital.
Tether explains petition to bar CoinDesk from disclosing USDT reserve data
CoinDesk is not a party to Tether's dispute with the New York Attorney General (NYAG) over USDT reserves, and the agreed terms of the case are not subject to revision, according to representatives of the stablecoin issuer.We use cookies to improve the quality of our service.
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