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On Monday 27th, Tether CTO Paolo Adorino explained the backing of the Tether stablecoin. Paolo Noted that the network has successfully reduced the USDT commercial paper exposure from $45 billion to $8.4 billion.
Tether is out with a statement regarding its dollar based stablecoin USD₮. The commentary by Tether may be in response to an interview with SEC Chairman Gary Gensler that took place on CNBC this morning when Tether was discussed by name with Gensler comparing stablecoins.
The Chief Technology Officer at Tether, Paolo Ardoino today addressed what he called “open and coordinated” attacks by some hedge funds on USDT. This, he explained, is being done in a bid to spread another wave of FUD following the collapse of TERRA/LUNA.
Tether CTO Paolo Ardoino has reiterated the stablecoin issuer's stance that its operations, products and portfolio is indeed as strong as ever. Ardoino's comments, shared in a long Twitter thread on Monday, come amid what has been reported as a “coordinated attack” on Tether's USDT by hedge funds after LUNA/UST's collapse. He says ‘attackers' have […] The post Tether CTO says portfolio is ‘stronger than ever' appeared first on Invezz.
The crypto ecosystem is still dealing with the fallout caused by the collapse of the Terra ecosystem, the company behind stablecoin USDT, Tether, is being targeted by hedge funds. Confirmed by Paolo Ardoino, CTO at Tether and crypto exchange Bitfinex, via his Twitter account.
Tether's CTO, Paolo Ardoino, has identified a coordinated attack on USDT by traditional hedge funds shorting the stablecoin. According to Mr.
Coinspeaker Tether Faces Possible Plunge as More Hedge Funds Short Stablecoin
Reeve Collins, co-founder of Tether and current CEO of BlockV, an NFT-focused platform, says the problems affecting crypto companies today are the “inevitable missteps” that will eventually give way to success and growth. Speaking in an interview with CNBC published on Monday, Collins talked about the emergence of decentralized finance (DeFi) and the many companies […] The post Tether co-founder: FTX's bailout of crypto firms is for the'good' of the industry appeared first on Invezz.
Numerous cryptocurrency trading hedge funds have opened major short positions on Tether (CRYPTO: USDT). What Happened: According to CoinDesk, digital currency broker Genesis stated that following Terra's (CRYPTO: LUNA) downfall due to UST's (CRYPTO: UST) de-peg, numerous short positions for Tether have opened.
LUNC/USDT threw down APE/USD from the top of the crypto daily mover list to occupy the number spot today. Terra Classic moved an impressive 16.67% [.
Both are stablecoins collateralized 100% in US dollars
Two of the largest stablecoins by market capitalization, USDT and USDC, saw their dominance reach a new all-time high (ATH), an indication that more traders are exiting their crypto positions, although Tether's circulating supply continues to decline. Tether's Dominance Gradually…
Tether (CRYPTO: USDT) is launching the pound-pegged stablecoin GBPT (CRYPTO: GBPT), following on the heels of its peso-pegged stablecoin. What Happened: The stablecoin is set to join the markets in July on the Ethereum (CRYPTO: ETH) blockchain.
The creators of a popular crypto asset designed to keep a US dollar peg now plan to expand their roster into the United Kingdom. In a new announcement, Tether says it will work with UK authorities to create a new digital asset called GBPT that will seek 1-to-1 parity with the Pound Sterling. GBPT will […] The post Tether To Work With UK Regulators for Launch of New Stablecoin Pegged to British Pound appeared first on The Daily Hodl.
Tether, the company behind the USDT stablecoin, has announced plans to launch a stablecoin that will be pegged on the British Pound. Tether is famed [.
The Stablecoin dominance reaches ATH as the crypto winter enhances which is another sign of increasing bearish sentiment so let's read more today in our latest cryptocurrency news. When the investors and the trader's exit crypto positions, they often convert them into stablecoins before taking them off the exchanges as fiat.
Tether Operations, the issuer of the world's biggest dollar-pegged stablecoin, will launch a new token backed by the British Pound Sterling this coming July, The development follows Tether's recent roll-out of MXNT, a crypto asset pegged to the Mexican peso. According to a corporate statement released on Thursday, the stablecoin (GBPT) would first be supported on the […]
Tether said it will launch a stablecoin pegged to the British pound (GBPT) in July - its fifth fiat currency-pegged token. The world's biggest stablecoin issuer revealed the coin will initially be supported by the Ethereum blockchain.
The world's leading stablecoin issuer, Tether, has announced the launch of its fifth fiat-pegged token. On June 22, Tether announced that it will launch tokens pegged to the British Pound Sterling in early July.
Stablecoin issuer Tether Operations Limited (“Tether”) has announced plans to launch Tether tokens (GBPT) pegged to the British Pound Sterling in early July.
Following Wednesday's (June 22) news that Tether, the world's largest stablecoin issuer, is set to launch a new cryptocurrency pegged to the pound, businesses and traders will be keeping a close watch on developments in the United Kingdom. Read more: Tether to Peg New GBPT Stablecoin to British Pound “We believe that the United Kingdom […]
Tether (USDT) will undergo a full audit from a top accounting firm, according to the stablecoin issuer's chief technology officer. Tether CTO Paolo Ardoino tells Euromoney that a top-12 accounting firm will audit the company because the leading four auditing companies are wary of stepping into the relatively unregulated crypto space. “I think it's one […] The post Stablecoin Tether (USDT) To Undergo Full Audit From Top Firm in Bid for Transparency appeared first on The Daily Hodl.
Tether Operations Limited, the Hong Kong-based firm behind the largest stablecoin by market capitalization, USDT, has revealed plans to launch another stablecoin dubbed GBPT. The token is expected to be pegged to the British Pound Sterling at a 1:1 ratio.
The pound-pegged GBPT is set to join USDT, EURT, CHNT, and MXNT as Tether's fifth stablecoin tied to a fiat currency.
