Tether and Smartpay will provide USDT through ATMs in Brazil
Tether, the company behind the USDT stablecoin, revealed that USDT would be available at more than 24,000 ATMs in Brazil. This was made possible by integrating the technological stacks of the Brazilian ATM supplier Tecban and the bitcoin systems provider Smartpay. Due to their particular economic situations, various Latam countries have placed a significant emphasis […]
Tether Ordered to Produce Documents Showing Backing of USDT
The Tether order is related to a lawsuit that is still going on. The lawsuit says that unbacked USDT issuances have hurt the market by $1.4 trillion. A U.S. judge in New York has told Tether to show financial records about the backing of USDT. This is part of a lawsuit that says Tether worked […]
Roche Freedman might turn Tether class action into sideshow
Kyle Roche, an attorney, previously withdrew from serving as counsel in a number of class actions involving cryptocurrencies, including the Tether and Bitfinex Crypto Asset Litigation. After two legal firms asked the court to remove his law firm Roche Freedman as interim co-lead from the Tether and Bitfinex Crypto Asset Litigation, the fallout from the […]
Binance has no intentions to auto-convert Tether
Binance has acknowledged that it does not currently have any intentions to “auto-convert” Tether (USDT) to Binance USD (BUSD), but that this “may change.” Binance shocked the market on September 6 by announcing it would stop supporting USD Coin (USDC), a stablecoin linked to the US dollar, along with USDP Stablecoin (USDP), and TrueUSD on […]
Tether requests law firm Roche Freedman off its class action lawsuit
Following the demand from Kyle Roche to be removed as counsel in the Bitfinex and Tether case, Tether also wants law firm Roche Freedman to be removed as counsel from the class-action lawsuit. Tether and Bitfinex’s legal team asked for Roche’s legal team to be completely removed from the case and certified that they had […]