USDT

USDT

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)

Markets

Binance Ditched a Bunch of Stablecoins. Even a Newly Banished Issuer Was OK With It

Surprisingly, Circle’s CEO expects USDC to benefit from getting booted from Binance, while market insiders predict a better trading experience.

CoinDesk placeholder image

Finance

Binance, Issuer of Third-Biggest Stablecoin, to Stop Supporting Larger Rival USDC

The action effectively removes the world's second-biggest stablecoin, USD coin, as a tradable asset on Binance's giant platform.

(Shutterstock)

Finance

Tether Reduces Commercial Paper Holdings Almost 60% as It Tackles Quality Concerns

The USDT issuer's market cap has fallen to $66.1 billion from $82.2 billion in two months.

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