USDT


Markets

Tether Dominates Curve's 3pool Liquidity With DAI, USDC Accounting for Just 15%

Tether accounts for 85% of the total liquidity in Curve's 3pool. While the stablecoin is seeing some volatility, the price remains firmly near the 1:1 U.S. dollar peg,

Curve's 3pool shows investor preference for USDC, DAI over tether. (Curve.fi)

Markets

Tether's USDT Stablecoin Drops 3% Below $1 Peg

USDT is trading at 97 cents on several bourses, and briefly fell as low as 93 cents on the Kraken exchange.

USDT traded lower than its intended peg on Thursday. (Cryptowatch)

Finance

El emisor de stablecoin Tether pondrá a disposición USDT en 24.000 cajeros automáticos de Brasil

La conversión de tether en reales brasileros y viceversa estará a cargo del proveedor de servicios de criptomonedas local SmartPay junto con TacBan, propietario de los cajeros automáticos.

(Ingo Rösler/Getty Images)

Finance

Stablecoin Issuer Tether to Make USDT Available at 24,000 ATMs in Brazil

The conversion of tether to Brazilian reals and vice versa will be managed by local crypto services provider SmartPay in conjunction with TecBan, which owns the ATMs.

(Ingo Rösler/Getty Images)

Policy

US Judge Removes Legal Firm Roche Freedman From Class Action Against Tether, Bitfinex: Report

The firm was removed even after its controversial founder Kyle Roche filed to withdraw from the case.

French authorities sentenced two men to jail for using crypto to fund terrorism in Syria (Shutterstock)

Policy

Tron Partners With Dominica to Issue National 'Fan Token'

The Caribbean island's government may accept native Tron tokens such as TRX and USDT for public payments including taxes, under a new ordinance.

Tron founder and diplomat Justin Sun (Shutterstock/CoinDesk)

Markets

Back to Square One? Circle's USDC Market Cap Drops Below $50B for First Time Since Terra's Collapse

USDC's utility has taken a hit in the wake of Binance's decision to consolidate order books and Circle's decision to freeze addresses associated with Tornado Cash.

USDC's market cap drops to lowest since January (CoinGecko, CoinDesk)

Policy

Even 'Safe' Stablecoins Might Pose Financial Stability Risk, New York Fed Says

Researchers at the Federal Reserve Bank of New York published a new paper claiming Circle's USDC stablecoin poses a risk to the broader financial system.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Finance

Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commercial Paper Holdings to Below $50M

The firm had said it plans to bring its commercial paper holdings to zero by the end of the year.

Tether's Chief Technology Officer Paolo Ardoino (Tether)

Markets

Stablecoin Issuer Tether Ordered to Produce Documents Showing Backing of USDT

The order relates to a lawsuit that alleges unbacked USDT issuances have caused $1.4 trillion in damage to the market.

Tether Chief Technology Officer Paolo Ardoino.  (Twitter/Bitfinex, modified by CoinDesk)