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Tether CTO, Paolo Ardoino, has raised speculation by tweeting a cryptic message. Amid increased stablecoin launches, Ardoino has questioned the legitimacy of recent market movements without naming a particular coin.
The market value of USDT on the exchanges remained at $1 overall, to the extent that on its primary exchange, Bitfinex, it never fell below $1 even for a moment.
Tether and Bitfinex chief technology officer Paolo Ardoino voiced concerns over what, according to him, are signs that the USDT (USDT) stablecoin is being manipulated. In an Aug.
Adam Cochran, a well-known trader and technical analysis expert on Twitter, shared a tweet of an address that has been mass swapping USDT (Tether) to DAI. This address is funded by Binance and has multiple addresses that are bulk-selling USDT.
Similar imbalances happened when Terra imploded in May 2022 and after the Silicon Valley Bank crisis hit USDC issuer Circle in March.
The stablecoin market has seen a drastic shift in market share year-to-date, with Tether (CRYPTO: USDT) taking the lion's share of the pie. What Happened: USDT's market share has increased by over 25% to $83.7 billion in the past year, while USD Coin (CRYPTO: USDC)'s market share has decreased by over 40% to $25.82 billion, according to data from DefiLlama.
The USDT issuer Tether says it holds a lot of U.S. Treasuries and made a lot of money last quarter.
The company behind the USDT stablecoin added $45 million worth of bitcoin to its balance sheet last quarter, CTO Paolo Ardoino confirmed to Bitcoin Magazine.
Tether Holdings, the company behind the world's largest stablecoin, Tether USD (USDT), has announced an impressive financial performance for the second quarter of 2023. The stablecoin giant's excess reserves have soared past $3 billion, thanks to an operational profit of over $1 billion in Q2 ‘2023, a remarkable 30% increase from the previous quarter.
Revenue generated by Tether rises. At the same time, USDT's dominance in the stablecoin sector could benefit BTC.
The issuer of the Tether (USDT) stablecoin says its excess reserves have increased by hundreds of millions of dollars in the second quarter of 2023. Tether Holdings says that its total excess reserves increased by approximately 35% to $3.3 billion in the second quarter.
In the dynamic world of cryptocurrency, Tether Holdings Limited has taken a significant step towards transparency and accountability. The issuer of the popular USDT stablecoin has released its Q2 2023 assurance opinion, audited by the esteemed accounting firm BDO.
Although cryptos have been resilient, the double headwind of regulatory pressure and tightening monetary policy warrants caution.
Tether, the world's largest stablecoin, continues its skyward ascent, reporting an impressive Q2 2023. Assets soared by 5.7% to a record-breaking $86.5 billion, and operational profits surged by 30% to over $1 billion from the previous quarter. Tether Excess Reserves increase by 850M to reach $3.3B as Leading Stablecoin Reveals $72.
A zero-value transfer scam worth $20M USDT got detected, with Tether blacklisting the offending address within an hour of the attack.
A scammer managed to steal $20 million worth of Tether (USDT) on the 1st of August, using a zero transfer phishing attack. Tether immediately swung into action, blocking the scammer's address and blacklisting them, all within an hour of the attack being orchestrated.
Tether's Q2 2023 report reveals $72.5B in US Treasuries exposure and profits over $1B, affirming financial stability.
Tether, the company behind the USDT stablecoin, has published an attestation revealing the company's financials during Q2 2023. The document, prepared by BDO, a network of accounting and consulting services, found Tether has increased its reserves by $850 million during this period, with its overall excess reserves reaching $3.3 billion.
On-chain sleuth ZachXBT was relieved but surprised by Tether's immediate response to the scam.
On August 1, a scammer successfully executed a zero transfer phishing attack, stealing $20 million worth of USDT (Tether's stablecoin) before being blacklisted by the issuer, Tether. The incident was reported by on-chain analytic firm PeckShield, shedding light on the growing concern about such scams in the crypto ecosystem.
Tether, the issuer of the stablecoin USDT, has taken quick action blocking the funds of a zero-transfer scammer.
USDT stablecoin issuer Tether has reported a profit of $850 million in Q2 2023, taking its total amount of excess reserves to $3.3 billion.
A scammer using a zero transfer phishing attack successfully steals $20 million in USDT only to be quickly blacklisted by the stablecoin's issuer.
The four founders of the largest stablecoin globally are reportedly individually worth more than $1 billion, owing to the surge in Tether's (USDT) market capitalization, which has reached an all-time high.
