Tether
Tether’s Banking Relationships Detailed in Newly Released Legal Documents
CoinDesk recently obtained documents under a Freedom of Information Law request, which offer a rare but limited look into Tether’s banking relationships. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down what the documents reveal about the stablecoin issuer's banking relationships and past reliance on commercial paper.
Tether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents
Stablecoin issuer Tether kept its funds in four banks, two investment management firms, two gold depositories, and a gold broker and on its own sister company Bitfinex in March 2021, according to documents obtained by CoinDesk. It also had funds in commercial paper issued by various entities. CoinDesk obtained the documents after a nearly two-year legal battle after Tether filed to block the NYAG from releasing them. In a statement, Tether said it “found it suspicious” that USDT depegged after millions of dollars’ worth were sold on decentralized finance pools “on the same day” that the New York government shared the documents with CoinDesk. "The Hash" panel weighs in on the documents.
Las relaciones bancarias de Tether y su exposición al papel comercial se detallan en documentos legales recientemente publicados.
Los documentos, obtenidos por CoinDesk a través de una Request bajo la Ley de Libertad de Información, ofrecen una ventana RARE pero limitada a las reservas detrás de USDT, la moneda estable más grande del mercado de Cripto .
USDT Selling on Curve, Uniswap Spooks Traders Amid Bitcoin Drop
Millions worth of tether (USDT) stablecoins appeared to be selling off on popular Uniswap and Curve pools Thursday morning, sparking early signs of concern among traders. USDT, which usually trades around $1, lost its peg to the U.S. currency and dropped as low as $0.9968. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
El Salvador's Volcano Energy Secures $1B in Commitments for 241 MW Bitcoin Mine
Volcano Energy announced $1 billion in commitments to build a 241 megawatt (MW) bitcoin mine in the Metapán region of El Salvador, according to a Monday press release on Twitter. "The Hash" panel discusses stablecoin issuer Tether's investment in the project and the state of bitcoin mining around the world.
Raft, el nuevo emisor de stablecoin, está abandonando el fiat como respaldo financiero.
Su moneda estable R está respaldada por un Cripto : el ether en staking del líder en staking líquido Lido (stETH).
La capitalización de mercado de Tether alcanza un máximo histórico de $83,2 mil millones, incluso mientras el mercado de las stablecoins se hunde
USDT ha alcanzado una capitalización de mercado de 83,2 mil millones de dólares, recuperando todas las pérdidas desde la implosión del proyecto blockchain Terra hace más de un año.
El emisor de USDT, Tether, se aventura en el procesamiento de pagos con una inversión de Georgia.
El emisor de stablecoin anunció a principios de esta semana que está invirtiendo en una instalación de minería de Bitcoin sostenible en Uruguay.
Bitcoin Mining Difficulty Poised To Set New All-Time High This Week
The bitcoin mining difficulty, a measure of how easily miners can discover a block of bitcoin, is set to surpass the 50T mark on Wednesday, setting a new all-time high. Meantime, stablecoin issuer Tether has invested in an energy production and sustainable bitcoin mining facility in Uruguay. "The Hash" panel discusses their outlook for the bitcoin mining community.
El emisor de la stablecoin Tether invierte en la minería sostenible de Bitcoin en Uruguay.
La compañía anunció a principios de este mes planes para invertir parte de sus ganancias en compras de BTC e infraestructura.
