Tether is a ‘bogus dollar,’ says former SEC attorney
Former US Securities and Exchange Commission (SEC) attorney has allegedly alleged that Tether is a “fake” and taken his concerns about the leading stablecoin seriously. In a series of tweets, John Reed Stark, a former SEC enforcement attorney and founder of John Reed Stark Consulting LLC, has criticized Paolo Ardoino, the CTO of Tether. He […]
Here Are The Reasons To Sell USDT In Dubai
Digital currencies, such as USDT (Tether), are gaining widespread popularity among individual traders worldwide. As a stablecoin, it provides a secure and efficient means to conduct transactions, which is particularly advantageous for traders in regions with challenging economies or unstable currencies. Dubai is one such example where selling USDT can present a remarkable opportunity for […]
Market volatility and redemptions destabilize major stablecoins
Almost all significant stablecoins lost their dollar pegs after the FTX scandal, but most have gained them again as markets have stabilized. Stablecoins have been affected by this week’s significant market volatility, which was brought on by the failure of the FTX exchange, with many of them momentarily de-pegging. The fall in cryptocurrency prices this […]
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 […]