Tether
Short Sellers Ramping Up Bets Against Tether Amid Market Meltdown
Institutional investors are increasingly shorting tether (USDT), the world’s largest stablecoin, amid a wider market sell-off and on the heels of TerraUSD (UST)’s collapse. “The Hash” hosts discuss why Wall Street could be betting big against tether and what this means for the industry.
Fondos de inversión y traders cripto recortan Tether tras la implosión de UST, según informe
Las posiciones tienen un valor de al menos “cientos de millones” de dólares, dijo un trader.
Crypto Hedge Funds, Traders Short Tether After UST’s Implosion: Report
The positions are worth at least “hundreds of millions” of dollars in notional value, one trader said.
Tether to Issue Sterling-Pegged Stablecoin, GBPT
The token will be pegged 1:1 to the British pound and will launch in July.
Tether Sees New Wave of Redemptions as Fear of Market Contagion Spreads
Investors pulled out about roughly $1.6 billion this week from Tether’s dollar-pegged USDT stablecoin, according to price tracker CoinGecko. “The Hash” group discusses the outlook for the stablecoin market after the Terra’s UST meltdown.
Tether Denies Asian Commercial Paper Backing Claims, Exposure to Three Arrows Capital
Tether, the firm behind the crypto market’s largest stablecoin USDT, is denying claims that its commercial paper portfolio is 85% backed by Chinese or Asian commercial paper. “The Hash” discusses the latest developments, along with a vague tweet from the founder of Three Arrows Capital.
Tether Sees New Wave of Redemptions as Fear of Market Contagion Spreads
Investors pulled out some $1.6 billion this week from USDT, the largest stablecoin by market capitalization, amid growing nervousness as cryptocurrency prices keep sliding.
Tether Denies Claims of Asian Commercial Paper Backing, Exposure to Three Arrows Capital
Tether described certain rumors spreading to this effect as "completely false and likely spread to induce further panic."
What Is Tether? How USDT Works and What Backs Its Value
Tether’s USDT is the most popular stablecoin and is widely used by traders. It is not without controversy. Here’s what you need to know.
