Kraken Exchange Considers Phasing Out Tether (USDT)
Kraken Exchange contemplates the gradual removal of the Tether (USDT) stablecoin from its platform in light of the forthcoming MiCA regulation. The potential implementation of a regulatory framework for digital assets in July could result in the removal of USDT, a stablecoin anchored to the United States dollar, from the Kraken trading platform. Will Tether […]
Tether Halts USDT Redemption For Select Singapore Customers
Tether states that ‘Cake DeFi’ was founded to be controlled by another corporation in Singapore, not to redeem USDT. Reportedly, Tether’s service (ToS) conditions in Singapore have been modified. A 25 September email from the CEO of the decentralized finance protocol Cake DeFi reveals modifications to the company’s terms of service prohibiting certain customer bases […]
Tether keeps $3.3B Liquidity Cushion Per Transparency Report
Total Tether assets are $86.1 billion, while total liabilities are $82.8 billion, indicating a reserve underpinning of over 100 percent. Tether, the issuer of stablecoins, maintains a liquidity cushion of nearly $3.3 billion to stabilize the Tether ecosystem and inspire investor confidence. The Tether reserves report as of August 24 reveals a total shareholder capital […]
Kava Blockchain Sets to Launch Biggest Stablecoin Globally
Tether Operations Limited has announced its intention to launch USDT tokens on the Kava blockchain, a 2018-founded layer-1 blockchain. Tether Operations Limited (Tether), the company behind the popular stablecoin, has announced its intention to launch USDT tokens on the Kava blockchain, a 2018-founded layer-1 blockchain. This action is intended to give the Kava community access […]
Tether Reacts to Rumors Arising Per Its Operational Decisions
Tether, the issuer of the recently de-pegged stablecoin USDT, has finally addressed some operational decisions-related issues. According to information in documents released by the New York Attorney General (NYAG), the stablecoin issuer purportedly deactivated as many as 29 accounts belonging to prominent crypto players two years ago. The majority of the accounts on the list […]