USDT
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.
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.
Crypto Derivatives Exchange Bybit to Settle Options Contracts in USDC
The company will be using the second-largest stablecoin by market cap for its relative stability.
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.
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 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 Expands With USDT Launch on Polygon
Tether has launched its USDT token on Polygon, an Ethereum scaling platform. The largest stablecoin by market capitalization is now available on more than 11 blockchains. “The Hash” team discusses the latest milestone in Tether’s multi-chain push.
