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#Crypto #bitcoin #stablecoins #YahooFinance Yahoo Finance's David Hollerith reports on the latest in the cryptocurrency markets as bitcoin searches for a bottom and tether looks to rebuild trust in stablecoins. Don't Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: https://youtu.be/Sb179GLPNYE Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: https://youtu.be/gx-OzwHpM9k Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

Investors are feeling the aftershocks of the TerraUSD (UST) and LUNA crashes as Tether's market cap drops by $10 billion. Alexandre Lores of Quantum Economics joins "First Mover" to discuss concerns over stablecoins and the crypto companies supporting them.

Tether investors pulled $10 billion worth of the stablecoin in exchange for US dollars after the token broke its 1-to-1 peg in a crypto bloodbath.

Tether has seen its circulating supply plunge from a record $84 billion on May 11 to around $73 billion as of Monday.

The failure of algorithmic stablecoin TerraUSD earlier this month prompted investors to seek refuge in other crypto assets that try to maintain a one-to-one peg with the US dollar. Tether's USDT briefly lost its dollar peg and dropped to 95 cents on May 12 as a result of the subsequent market downturn that shook cryptocurrencies …

The market has serious concerns with regards to the so-called “stability” of much-talked-about stablecoins. With the market still trying to find a balance post the Terra debacle, Tether published a report on the company's financials.

The collapse of crypto Luna and its associated terraUSD stablecoin were really Unexpected. whereas many of us were unknown to UST before, and what actually the stablecoin stands for. It's a big deal, as billions of dollars in crypto wealth have been vaporized by their diving shockwaves throughout the market. Looking at the graph of …

The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via the Cayman Islands auditing company MHA Cayman. Circle CEO Says Firm's […]

After the Tether (USDT) collapsed below $1 recently, all focus has been shifted towards USDC as the investors are reassessing their preference for stablceoin due to USDC's increased market cap.  Here are two metrics that pose as proof in regards to the increased demand for USDC. Decreased Liquidity According to the Glassnode data, on the …

Tether [USDT] must surely feel USD Coin [USDC] breathing down its neck in terms of market cap ranking as investors look at the wreckage of TerraUSD [UST] and re-assess their stablecoin preferences. To that end, two metric-based milestones go a long way in telling us about the demand for USDC – and its potential future.

Last week as the Terra blockchain collapsed, the turbulence was felt by the whole cryptocurrency market as the major cryptocurrencies collapsed to its lowest level of 2022. In a week, more than $30 billion in top stablecoins were redeemed as the TerraUSD (UST) de-pegged along with a temporary drop in Tether (USDT). Surprisingly, USD Coin, …

As the most recent crypto market crash is putting the spotlight on stablecoins, one of the leading dollar-pegged tokens says its valuation remains secure. In a new post, Tether Holdings Limited announced that not only is its signature product Tether (USDT) backed by more assets than liabilities, the company is reducing its commercial investments in […] The post After TerraUSD (UST) De-Pegging Scare, Tether (USDT) Releases Report Claiming It Has Fully Backed Reserves appeared first on The Daily Hodl.

Bitcoin Foundation Chairman and Tether co-founder Brock Pierce sat down with Bloomberg, weighing in on Terra's crash. The post Tether Co-founder Brock Pierce Cautions Against Putting ‘Too Much Trust' Into New Projects appeared first on BeInCrypto.

Tether announced that it had lowered the amount of commercial paper during the first quarter of this year to strengthen the quality of its reserves. Tether's Assurance Amid Stablecoin Crash Tether, the issuer of the USDT stablecoin, reported a reduction…

While Tether published an update with improving liquidity that should soothe nervous markets, Ethereum is continuing preparations for its Merge — which is now penciled in for August.

The crypto market crash last week has vastly shaken the crypto industry, with volatility witnessed in stablecoins too. The de-peg of TerraUSD (UST) and a brief decline in Tether (USDT) saw redemptions of more than $30 billion in top stablecoins in a week.

As per the official report published on May 18, Tether, the issuer of the world's most used stablecoin, USDT, has cut 17% of its commercial paper holdings and increased United States Treasury bills with this reserve amount to back its stablecoin, USDT. Tether made the reduction over Q1 2022 and continues for a further 20% decline since April 1.

Tether published a blog post that indicates the company has adjusted its reserve assets.

Tether launched Blockchain education program in Switzerland that will teach students everything there is about crypto and the underlying technology so let's read more today in our latest Blockchain news. Paolo Ardoino added: “It is essential that educational institutions are put into place to help better inform not only traders and investors but future business […]

The latest tether reports show a 17% reduction in commercial paper and the latest assurance indicates the company made a few changes to its reserve backing so let's read more today in our latest Tether news. The latest Tether reports came out after the stablecoin briefly lost its 1:1 peg with the US dollar and […]

Tether has announced that it has taken a series of steps to improve its stablecoin (USDT) reserve, like investing in US treasury bills as well as non-US government bonds. Tether Invests in Non-US Bonds The Hong Kong-based company, Tether Limited, which issues the Tether stablecoin (USDT), has released an attestation report revealing that the controversial digital currency is now partially backed by “non-U.S.” government bonds.

The Chief Technology Officer at Tether and Bitfinex, Paulo Ardoino, has said that the Terra project is “poorly designed.” Ardoino also reiterated that the Terra [.

The issuer of stablecoin tether now holds over a quarter of a billion dollars in non-US debt as part of its reserves, and it has boosted its Treasury holdings.

Tether's recently issued attestation report indicates an optimistic view of the stablecoin's reserves, which may come as a relief to crypto investors. Tether fund reserves are strong, according to the company's latest quarterly assurance report. It shows large decreases in Tether's commercial paper assets and an increase in US Treasury bills overall. The largest stablecoin …