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Latest News

Keep up with what's happening in the crypto world in real-time.

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cover-imageLiveBitcoinNews
June 3, 2022

Tether Fell Below $1 for the First Time Ever in May

The crypto space continues to sink deeper into the abyss, and now Tether – an alleged stable currency – is showing signs of falling victim to the heat in the crypto kitchen. Tether saw itself trading for less than $1 for the first time just a few weeks ago.

Positive
cover-imageCoinnounce
June 1, 2022

Tether's Bank Partner Updates its Crypto Strategy

Tether stablecoin's bank partner Capital Union, a Bahamas-based bank, which holds a small portion of reserves by the stablecoin issuer, has been working incessantly in the cryptocurrency industry. The bank has introduced a wide variety of crypto trading and custody services to its official clients as part of the banking institution's trading desk, according to […]

Neutral
cover-imageCoinPedia
June 1, 2022

Tether's Desire to Keep its Banking Relationships and Reserves Secret Cost $18.5 Million

Initially Tether opened its account in Taiwan, after a cut-off with this corresponding account Tether moved further to Montreal and Puerto Rico. As it believes to maintain a strong relationship with the banking sector it is currently maintaining relationships with more than seven to eight banks across the world.  Further, the Financial Times has noted …

Neutral
cover-imageCoinPedia
May 31, 2022

Tether Relied on an Obscure Bank in the Bahamas to Store its Reserves

The Financial Times recently published a report on Tether's dependency on an obscure bank in the Bahamas in order to store some of its reserves. Capital Union, a Nassau-headquartered banking institution, was divided into virtual assets research last year, whereas just a month ago the bank picked prominent blockchain sleuth Chain analysis as its compliance …

Neutral
cover-imageThe Daily Hodl
May 30, 2022

Top US Banking Regulator Says Tether (USDT) May Have Similar Vulnerability to TerraUSD (UST) Without Regulation

The head of a key US banking regulatory agency says Tether (USDT), a stablecoin designed to be pegged to the US dollar, may not be a safe place for crypto investors to park their capital. Earlier this month, Terra (LUNA), now named Terra Classic, fell to essentially zero as Terra's UST stablecoin lost its peg […] The post Top US Banking Regulator Says Tether (USDT) May Have Similar Vulnerability to TerraUSD (UST) Without Regulation appeared first on The Daily Hodl.

Positive
cover-imageCrowdFundInsider
May 28, 2022

Stablecoins: Tether Token (USDt) Launches on Polygon

Tether Operations Limited, the company operating the blockchain-enabled platform tether.to that “powers the largest stablecoin by market capitalization of over US $73 billion,” has launched Tether tokens (USDt) on Polygon (formerly MATIC), “a leading blockchain development platform.” The addition of Tether to the Polygon ecosystem.

Positive
cover-imageDCForecasts
May 28, 2022

Tether's Stablecoin Launched On Polygon's Network

Tether's stablecoin launched on the Polygon network which is the 11th network to host USDT tokens, benefiting from their value stability on dapps so let's read more today in our latest Tether news. Tether as the company behind the world's biggest stablecoin launched its premier Tether token across Polygon and this will bring utility to thousands […]

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