Keep up with what's happening in the crypto world in real-time.
All Filters (1)
Digital asset firm Kraken recently revealed that they now support new margin pairs for Tether (USDT), USD Coin (USDC) and Dai (DAI). Margin trading is now offered via Kraken for several new pairs.
Following the cryptocurrency market turmoil, the total supply of stablecoins has fallen quite significantly. This reportedly marks Q2 of 2022 as the first time in crypto history where the overall supply of stablecoins has decreased.
Tether's day of reckoning could be approaching, and if the top stablecoin issuer cannot calm years-long doubts about the state of the cash reserves backing its dollar peg, an $80 billion run could be coming. With the cryptocurrency market already nearing panic, a run on Tether's USDT stablecoin would be catastrophic, with the potential to […]
Tether has released a statement to counter reports making rounds about its commercial paper portfolio. The post Tether claps back at rumors surrounding its commercial paper portfolio appeared first on CryptoSlate.
The stablecoin provider issued a statement pushing back at ‘false rumors' that its USDT coin is largely backed by Chinese and Asian commercial paper.
It is a known fact that the crypto space is now in the middle of a notable bear market which is yet to find its bottom. The star crypto, Bitcoin, currently appears struggling to restore the last line of defence above $20,000. In such a case, the crypto market tumbles down heavily and at the …
Rumors have been spreading about Tether's Commercial paper holdings.
While it might be tempting to buy the dips during the latest fallout in cryptos, it's time to take a data-based approach.
Tether has moved to counter “rumors” that 85% of its commercial paper is Chinese or Asian and trading at a 30% discount thus calling into question its reserves. Tether or USDT is the number one dollar-based stablecoin and has endured a challenging market having largely.
Tether has categorically denied rumors about its commercial paper holdings, claiming they are being spread to induce panic and generate profits. The post Tether Refutes Rumors Surrounding Stablecoin Backing appeared first on BeInCrypto.
Tether claims zero lending exposure to Three Arrows Capital and Celsius and publicly denied rumors about the Asian Commercial Paper backing so let's read more today in our latest Tether news. Tether, the company behind the USDT stablecoin dismantled rumors about the Asian Commercial Paper backing and more.
Crypto's largest stablecoin issuer has denied rumors that its commercial paper portfolio is 85% backed by distressed Chinese or Asian commercial paper.
Tether denies Asian commercial paper holdings and Celcius exposure.
According to Tether, the ongoing issue with Celsius' native cryptocurrency has nothing to do with the stablecoin operator Tether and won't have an effect on its USDT holdings. On Monday, Tether released a statement in response to news that prominent cryptocurrency lending site Celsius had suspended accepting withdrawals because of a purported liquidity concern.
USDT issuer publishes official statement condemning false rumors
Tether, the company that issues the biggest USD-pegged stablecoin USDT, said that it condemns what it calls “false rumors” that its holdings include large amounts of Chinese commercial paper that supposedly trades at a discount. The company also distanced itself from Celsius (CEL) and Three Arrows Capital-related rumors.
Tether expects to reduce USDT's commercial paper backing to $8.4 billion by the end of June 2022 and eventually completely remove it.
Tether, the operator of the USDT stablecoin, on Wednesday derided speculation that the token is backed by low-rated debt. The firm said in a press release that recent “rumors” that the portfolio used to back USDT consists of Chinese or Asian commercial papers are “completely false.
Tether refuted claims that it has lending exposure to Celsius and to Three Arrows Capital.
The stablecoin issuer also said it has no lending exposure to crypto hedge fund Three Arrows Capital. The post Tether hits out at reserves ‘rumors' and distances itself from Celsius appeared first on The Block.
Tether described certain rumours spreading to this effect as \"completely false and likely spread to induce further panic.\"
Victoria, Seychelles, 15th June, 2022, Chainwire AAX, the institutional-grade cryptocurrency exchange, is kicking off “Crypto Summer” with fun-filled crypto trading events that aim to disperse the doom and gloom of the emerging “crypto winter” with the prospect of some tantalizing rewards. The wider cryptocurrency market has been in a tailspin lately as the value of digital assets falls amid fears of rising inflation and a worsening economy.
Tether's collapse could potentially be crypto's "Lehman Brothers moment", GlobalBlock analyst Marcus Sotiriou told Insider.
Tether said its USDT reserve is immune to the events impacting the Celsius lending platform.
