Tether USDT token goes live on Tezos blockchain
Tether, the world’s most popular stablecoin, has announced the launch of the Tether (USDT) token on Tezos blockchain to increase its digital footprint in digital payments and DeFi sectors. “USDT on Tezos will enable breakthrough applications across payments, DeFi, and more,” according to the press announcement. More information about the expected utility of Tether tokens […]
Bahamian bank Capital Union shares Tether’s crypto strategy
Capital Union, a Bahamas-based bank that is said to own a percentage of the Tether (USDT) stablecoin issuer’s reserves, and a large variety of digital assets as part of its trading and custody services. A spokesman for Capital Union told Cointelegraph on May 31 that the bank has begun offering crypto trading and custody services […]
Tether Now Offering USDT On Polygon Network
Tether has launched and is offering USDT on the Polygon (MATIC) network which is aimed to boost Polygon’s DeFi ecosystem USDT Debuts On Polygon Network Tether (USDT), a stablecoin, has debuted on a new chain. The stablecoin will now be available on the Polygon (MATIC) network, according to the following tweet from the project’s staff. […]
Tether’s (USDT) Withdrawals Top $10 Billion, Users Concern Over Crash
Tether has seen withdrawals of $10 billion as regulators have raised concerns about stablecoins after the collapse of Terra (UST) Tether’s (USDT) Withdrawals Top $10 Billion In the last two weeks, investors have taken out more than $10 billion from Tether. This is because regulators are paying more attention to stablecoins. According to data from […]
CFTC fines Tether and Bitfinex a combined $42.5 million
Tether and Bitfinex were fined $41 million and $1.5 million, respectively, by the Commodity Futures Trading Commission (CFTC) on Oct. 15, citing violations of a previous CFTC ruling. Tether, the company behind the eponymous stablecoin, only had sufficient cash reserves to underpin the dollar-pegged asset for 27.6% of the time during the 26-month period under […]