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Tether Holdings Plc, the company that issues the most valuable stablecoin in the world, USDT, recently made public its intentions to eliminate all secured loans from its reserves beginning immediately and continuing until 2023.
CoinGecko: increases of up to 13% for EOS for first time above $1
Deposits and withdrawals of USDT among gambling websites through crypto payment platforms are on the rise, according to a report from Wu Blockchain, authored by Bitrace. The post Gambling-related USDT funds grow as 1k new online gambling websites use Tether appeared first on CryptoSlate.
The agency seems to have contradicted its chairman Rostin Behnam's position that ETH is a security.
Tether made the decision in response to Wall Street Journal's recent mainstream backlash over its alleged unreliable reserves.
The last few months, especially following the FTX collapse, have been rough for USDT as the currency has been the target of fear, uncertainty, and doubt (FUD).
Tether assured clients of its unwavering dedication to offering quality and transparent services as it debunked its secured loans FUD.
The United States Commodity Futures Trading Commission (CFTC) stated in its December 13 court filing against FTX founder Sam Bankman-Fried that digital assets like Bitcoin(BTC), Ethereum (ETH), and Tether (USDT) are commodities. The post CFTC considers Bitcoin, Ethereum, Tether to be commodities appeared first on CryptoSlate.
The move comes in response to a wave of mainstream media attacks and FUD, primarily from the Wall Street Journal.
Tether is putting in more effort to silence its critics as post-FTX skepticism sweeps across the crypto industry.
Catch up on the latest crypto market news at The Currency Analytics. Paolo Ardoino: “For years, Tether truthers and MSM have been painting Tether as the black sheep.
Against the backdrop of the FTX's founder's arrest and policymakers demanding regulation, cryptos face one of their stiffest challenges yet.
Tether (USDT) said it would remove its secured loans in its reserves by 2023, according to a December 13 blog post. The post Tether to reduce secured loans to zero by 2023 appeared first on CryptoSlate.
With mounting concerns over Tether's growing number of secured loans and it being a reason for the stablecoin issuer's eventual demise, Tether came out with an official announcement later today, that the firm is planning to minimize the amount of secured loans in its reserves to zero, by the year 2023. Tether's 2023 Goal According The post Will This Move By Tether Finally Put All FUDs To Rest?
Tether revealed it helped cryptocurrency exchange Binance with a "chain swap" in which 3 billion (CRYPTO: USDT) will be transferred from the Tron network to the Ethereum network. "In a few minutes, Tether will coordinate with Binance to perform a chain swap, converting from Tron to Ethereum ERC20, for 3B USDT.
Stablecoin operator Tether intends to reduce secured loans in its reserves to zero in 2023. The post Tether vows to remove secured loans amid rush to show solvency appeared first on The Block.
Tether CTO Paolo Ardoino said the transaction is part of Binance efforts to rebalance USDT reserves from its cold wallets on Tron to Ethereum. The post Tether helps Binance swap 3 billion USDT to Ethereum from Tron appeared first on The Block.
Although the virtual currency sector imploded, you still turn the red into good news with cryptos to sell for tax-loss harvesting.
Chinese police say they've dismantled an enormous money laundering ring that washed illicit funds for criminals via stablecoin tether
Police in China confiscated about $19 million worth of proceeds after investigating a money-laundering scheme involving blockchain accounts.
Coinbase is waiving the conversion fees for users that wish to switch to a "trusted stablecoin" in a new campaign that highlights the quality of reserves that back Circle-owned USD Coin (USDC). "The Hash" panel discusses the potential reasons behind Coinbase's move.
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