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"There is a risk that a disorderly de-pegging or a run on Tether or USDC could lead to dramatic market volatility," the firm writes.

The class action lawsuit against crypto exchange Bitfinex and its sister company, the USDT stablecoin issuer Tether, has concluded, with the plaintiff deciding not to appeal the judgment.

USDT's rise has overshadowed USDC's struggles this year.

After watching from the sidelines in the past few months, smart money has prepared to enter the crypto market following the recent Bitcoin (BTC) and Ethereum (ETH) breakout.

Tether and Bitfinex have won a lawsuit against Shawn Dolifka and Matthew Anderson, despite allegations of misleading statements about USDT reserves, underscoring the importance of transparency in the cryptocurrency sector.

In a big win for cryptocurrency companies Tether and Bitfinex, they won a lawsuit where a person named Shawn Dolifka accused Tether of not being truthful about its reserves. But the US District Court for the Southern District of New York said no to this lawsuit, meaning the companies successfully defended themselves in court.

The court has finalized the dismissal of a class action lawsuit filed against BitFinex and Tether after the plaintiffs in the case — Matthew Anderson and Shawn Dolifka — elected not to appeal the dismissal ruling, according to a Nov. 15 press release.

A class action where it was alleged Tether was lying about its reserves is finally over after the plaintiff declined launching an appeal.

The Tether and Bitfinex lawsuit takes a new turn as Chief Judge Swain dismisses Dolifka's baseless class action complaint.

In a significant legal victory for Tether and Bitfinex, Shawn Dolifka, the plaintiff in a meritless class action lawsuit, has decided not to appeal the judgment in favor of the companies, following the denial of his motion to amend his complaint by Chief Judge Laura Taylor Swain of the U.S.

Although cryptos to watch have printed a remarkable comeback narrative last month – billed as the seasonal “Uptober” trend – investors now face a conundrum

Hackers reportedly stole more than $27 million worth of the top stablecoin USDT from a Binance hot wallet over the weekend. The on-chain researcher pseudonymously known as ZachXBT says that the victim's address was connected to a Binance deployer wallet, which is used to generate smart contracts.

Tether USDT added at least $20 billion to its market capitalization in 2023, while rival stablecoin USDC lost the same amount so far this year.

In the dynamic landscape of cryptocurrency, Tether, a major player in stablecoin issuance, has made waves with an unprecedented surge in its USDT tokens. Over a brief span, the company has substantially increased the availability of USDT in the market, prompting scrutiny and curiosity among industry observers and crypto enthusiasts alike.

Incoming Tether CEO Paolo Ardoino is hinting at big things to come for the firm as billions of new USDT enter the digital asset market. Ardoino says on the social media platform X that Tether, the largest stablecoin issuer in the world, is adding new components to its ecosystem that will “obliterate” the Web2 industry.

Leading stablecoin issuer Tether has recently expanded its supply of USDT tokens, injecting a substantial 4 billion USDT into circulation within the last month.

According to Tether's CEO, the stablecoin company is close to adding the new projects to its ecosystem.

Stablecoin issuer Tether has been actively minting new USDT tokens, adding 4 billion USDT to circulation in the past month. The latest issuance includes 1 billion USDT on the Tron blockchain on November 10 and 1 billion on Ethereum on November 9.

A hacker seemingly stole $27 million worth of tether [USDT] from a wallet linked to the Binance deployer over the weekend, according to blockchain analyst ZachXBT.

A 27 million USDT cryptocurrency theft, linked to Binance's deployer, has raised security concerns and highlighted the risks of cryptocurrency holdings and recovery challenges.

According to the reconstruction of X user “ZachXBT,” 2 days ago there was reportedly a $27 million USDT stablecoin hack attack on a crypto address linked to the Binance Deployer account.

Tether has minted 4 billion USDT over the past month, which accounts for nearly 18% of all USDT issued so far in 2023.

A crypto wallet associated with Binance has fallen prey to a sophisticated heist. The theft, totaling $27 million, was primarily in Tether stablecoins (USDT).

In a surprising turn of events, Tether, a major player in the stablecoin market, has minted a whopping 4 billion USDT in the last month alone, constituting almost 18% of the total USDT issued in 2023. The significant surge in Tether's token creation has not gone unnoticed, prompting questions about its implications on the cryptocurrency market.