USDT


Markets

Tether's USDT Stablecoin Touches $100B Market Cap, Benefiting From Crypto Trading Frenzy

Despite years-long scrutiny over Tether's stability, USDT saw a rapid resurgence in 2023 benefiting from its close competitors' troubles.

Tether CEO Paolo Ardoino (Tether)

Policy

Wall Street Journal Accused of Defamation Over 2023 Tether-Bitfinex Article

Christopher Harborne and his aviation fuel broker AML Global were wrongly accused of "committing fraud, laundering money, and financing terrorists," according to the lawsuit.

(Sasun Bughdaryan/Unsplash)

Markets

Stablecoin Market Cap Hits $140B, Highest Since 2022 Amid USDC Resurgence, Tether Growth

Stablecoin supply is a "thermometer" for money flows entering the crypto market, one analyst noted.

Stablecoin market capitalization (K33 Research)

Markets

Diversifying Stability: Stablecoins Finding Home Beyond the Greenback

Following the success of Tether and USDC, a generation of stablecoins are offering new features for investors and holders, says Scott Sunshine, Managing Partner of Blue Dot Advisors.

(Tbel Abuseridze/Unsplash)

Finance

Tether Reports Record $2.85B Profit as Biggest Stablecoin Nears $100B Market Cap

The stablecoin issuer held over $5.4 billion in excess reserves as of 2023 year-end, according to its latest attestation.

Tether CEO Paolo Ardoino (Tether)

Markets

Tether Reportedly Bought 8.9K Bitcoin for $380M, Remaining 11th-Largest BTC Holder

The stablecoin issuer announced in May 2023 that it would start buying bitcoin in an effort to diversify the backing of its USDT stablecoin.

(Nikhilesh De/CoinDesk)

Opinion

Does Howard Lutnick Know ‘the Truth’ About Tether?

Speaking at Davos, the Cantor Fitzgerald CEO says the stablecoin issuer has the money to back USDT. Maybe it’s time we all started to believe in Tether, despite the “truthers”?

Tether freezes $225 million worth of its stablecoin (Jorge Salvador/Unsplash)

Finance

Wall Street CEO on Tether Controversy: 'They Have the Money'

Tether's $95 billion stablecoin has been dogged by questions around whether it actually holds the assets it says are backing USDT. Cantor Fitzgerald's Howard Lutnick, whose firm manages money for Tether, says it does.

Cantor Fitzgerald's Howard Lutnick (World Economic Forum)

Policy

UN Says Tether Plays Major Role in Illicit Activity in East Asia; Stablecoin Issuer Hits Back

Tether said it was "disappointed" that the report had singled out its stablecoin, USDT.

Tether CEO Paolo Ardoino (Tether)

Markets

USDC Stablecoin Momentarily Depegs to $0.74 on Binance

The stablecoin immediately snapped back to its $1 peg on Binance.

USDC momentarily trades at $0.74 (Piret Ilver/Unsplash)