Keep up with what's happening in the crypto world in real-time.
All Filters (1)
On June 15th, Tether's USDT, a popular stablecoin, experienced a significant detachment from its peg, leading to a cascade of effects throughout the market. Despite various explanations to justify this depegging event, its impact remained consistently impactful, as evidenced by multiple metrics.
Tether Holdings Inc has responded to claims that it deactivated the accounts of major crypto firms including Moonpay.
CoinDesk received Tether documents on June 15 after a court dispute, hours after USDT lost its peg. CoinDesk stands by reporting integrity.
Documents obtained as part of the NYAG's investigation against Tether corroborated reports that it had assets issued by Chinese entities to back up its USDT reserves.
Tether's recent depegging event caused a stir among traders, with significant market repercussions. However, USDT's dominance persists, reflecting resilience amidst the storm.
Tether issued $11.6 billion in mortgage loans between June 2019 and May 2021 and it was winding down its lending operations during 2023.
Documents released from the New York Attorney General's investigation into Tether confirmed rumors that it held securities issued by Chinese companies to support its USDT reserves.
The top 100 DeFi tokens had another bearish week, with the majority of tokens trading in the red.
In a surprising revelation from the New York Attorney General (NYAG), prominent cryptocurrency firm Tether recently suspended operations for 29 account holders.
Tether (USDT), one of the most widely used stablecoins in the cryptocurrency market, recently experienced a marginal departure from its intended peg to the US dollar, causing a stir among market participants. The deviation occurred due to an imbalance in Curve's 3pool, which resulted in Tether dropping to a low of $0.996, momentarily straying from its target value of $1.
Tether, the issuer of the recently de-pegged stablecoin USDT has finally responded to some issues arising per its operational decisions. Matters Arising and Tether's Response According to details in the released documents by the New York Attorney General (NYAG), the stablecoin issuer reportedly deactivated up to 29 accounts owned by top crypto players two years
Documents released by the NYAG have provided further details into how Tether operated in the years before its investigation.
Documents released by New York's attorney general reveal that Tether Holdings Ltd., the issuer of the world's largest stablecoin, USDT, used to include securities issued by Chinese companies in its reserve portfolio.
The cryptocurrency market experienced a day filled with intense activity as Tether's USDT deviated slightly from its peg to the United States dollar.
Stablecoin issuer Tether has published a detailed response to reports that its reserves once included securities issued by Chinese state-owned companies. Media outlets, including Bloomberg, highlighted New York's Attorney General (NYAG) documents revealing that Chinese securities backed Tether's USDT stablecoin.
The NYAG released documents containing information about Tether and provided a list of terminated accounts.
The stablecoin leader, Tether (USDT), is losing its peg but has managed to hover close to $0.99 without being destabilized to a large extent. Amid the sloppy market conditions, massive transfers erupt within the crypto space.
Tether's banking relationships were detailed in a rare but limited window into the reserves behind USDT, the crypto market's largest stablecoin, in documents obtained by CoinDesk under a Freedom of Information Law request.
Over the years, Tether (USDT) and other stablecoin issuers, have faced persistent scrutiny and criticism for their lack of transparency regarding the nature of assets backing their digital currencies.
USDT issuer Tether said that they “do not condone” the behavior of the media outlets and highlighted that the materials presented do not reflect what Tether is at present.
After the 750 million chain swap executed by Tether just three days ago, here is another 1.25 billion USDT being transferred from Tron's blockchain to that of Ethereum.
Bloomberg reported that New York's Attorney General has released documents revealing that Tether Holdings Ltd., the issuer of the world's largest stablecoin, USDT, once held securities issued by Chinese companies as part of its reserves.
Stablecoin issuer Tether did back its stablecoin with Chinese securities for a period of time, despite refusing to admit so at the time.
The biggest exchange on the cryptocurrency market, Binance, has announced a substantial swap operation with the Tether team, involving a direct exchange of 1.25 billion USDT-TRX for USDT-ETH. This move, set to occur after 9:30 a.m.
