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On June 15, Paolo Ardoino, CTO of Tether and Bitfinex, disclosed that Tether had liquidated a loan given to Celsius “without loss.” Tether has confirmed the liquidation process and revealed that it “returned the remaining part [of the loan] to Celsius.
Tether has disclosed how it has phenomenal measures put in place to ensure that it will never risk the integrity of its reserves. The firm aims to remain in absolute transparency of its reserves.
Market intelligence firm Glassnode is assessing a trio of crypto assets as the markets seek to end the week on a positive note. In its latest analysis, Glassnode says nearly half of the Bitcoin (BTC) located in non-exchange wallets are sitting on unrealized losses. According to Glassnode, nearly 60% of those owners are considered long-term […] The post Crypto Analytics Firm Glassnode Says Nearly Half of Bitcoin (BTC) Holders at a Loss, Evaluates ETH and USDT appeared first on The Daily Hodl.
Tether, the issuer of the world's largest stablecoin USDT, has reportedly liquidated the loan advanced to struggling crypto lender Celsius. According to the firm, its liquidation of the overcollateralized loan did not result in any losses on its part, and that the loan was indeed a very small portion of its shareholder equity. In the […] The post Tether says it liquidated Celsius loan at no loss appeared first on Invezz.
The stablecoin issuer has once again explained that its investment in Celsius has no impact on its USDT reserves.
The stablecoin issuer says that the loan was overcollateralized and was liquidated in a way that "minimized" impact on the market.
Tether has released a statement explaining how it liquidated its loan with Celsius Network. According to Tether, the loan was liquidated without losses to the company and according to an agreement by both entities.
Bitcoin (BTC-USD) may have stalled out around $21,000… But Tether (USDT-USD), Grayscale Bitcoin Trust (GBTC) and Goldman Sachs rumors show money is on the move.
Hedge funds are shorting Tether's USDT with the trades running into hundreds of millions.
Institutional investors are increasingly shorting tether (USDT), the world's largest stablecoin, amid a wider market sell-off and on the heels of TerraUSD (UST)'s collapse. "The Hash" hosts discuss why Wall Street could be betting big against tether and what this means for the industry.
While hedge funds are shortening USDT, Tether's CTO claims full transparency.
Tether's CTO has responded to reports that claimed that hedge funds have short bets on the USDT stablecoin. WSJ Reports Shorting Bets On June 27, The Wall Street Journal reported that hedge funds have been shorting bets on Tether's USDT stablecoin through the crypto brokerage firm Genesis Global Trading.
The chief technology officer of Tether has praised the stablecoin's resilience, saying it was 100% backed amid reports of a coordinated attack by hedge funds. The post Tether CTO Confident of USDT's Resilience in Face of Hedge Fund Attack appeared first on BeInCrypto.
Paolo Ardoino as the Tether CTO alleges hedge funds are creating pressure in the billions to harm the Tether liquditiy so that they can buy back the tokens at a lower price as we can read more today in our Tether news. The Tether CTO alleges that there are plans to harm USDT liquidity and […]
Hedge funds that are attempting to make money by shorting the stablecoin tether (USDT) believe in the anti-tether ‘FUD' (fear, uncertainty, and doubt) that is being spread, despite efforts to increase transparency, Tether chief technology officer Paolo Ardoino has said.
More specifically, the perpetual USDT/USD futures contract exchange pair was targeted
Coinspeaker Tether CTO Paolo Ardoino Addresses Hedge Funds Trying to Harm USDT
Today, Paolo Ardoino, Tether's Chief Technology Officer, responded to what he described as “public and planned” attacks against USDT by several hedge funds. He stated that this might be done to propagate more FUD in the aftermath of TERRA/LUNA's demise. Hedge Funds Are Sacred Heroes? USDT's claim as the most stable coin linked to the …
Tether's CTO Paolo Ardoino has revealed that hedge funds intending to short sell the dollar-pegged cryptocurrency asset have launched an “organized attack” on the stablecoin. The Tether CEO responded to rumors that hedge funds have already been taking millions in loans to short USDT since Terra (LUNA) collapsed in May, speaking on Twitter on Monday, […]
Tether's CTO has responded to reports of hedge funds spending hundreds of millions of dollars to bet against USDT.
Paolo Ardoino alleged some hedge funds are trying to create pressure “in the billions” to “harm Tether liquidity” so that they can eventually buy back tokens at a much lower price.
Genesis Global Trading, meanwhile, suggests that its clients have shorted Tether.
Following the infamous crash of Terra's algorithmic stablecoin UST, many investors and regulatory authorities have raised concerns about stablecoin generally, as they are expected to keep a 1:1 peg to the currency they represent. Tether USDT, the leading stablecoin, has now become a victim of mass shorting, with many hedge fund institutions across the United States and Europe betting against the asset.
Tether CTO Paolo Ardoino has responded to a June 27 report by The Wall Street Journal that hedge funds have short bets on Tether's stablecoin USDT via crypto brokerage Genesis Global Trading. The post Tether responds to the increase in hedge funds shorting USDT appeared first on CryptoSlate.
