USDT


Videos

Zeke Faux's Crypto Adventures and His Relationship With Former FTX CEO SBF

Should Sam Bankman-Fried have just performed a rug pull? Why is it so hard to get details into USDT issuer Tether? Zeke Faux, author of 'Number Go Up,' shares his findings after making a deep dive into the world of crypto.

Unchained

Markets

Binance to Offer 'T+3' Daily BNB/USDT Options

The new T+3 BNB/USDT options will have a trading lifetime of three days.

(Nikhilesh De/CoinDesk)

Finance

Coinbase Will Suspend USDT, DAI and RAI Trading for Canadian Users

The exchange expanded its services in Canada earlier this week.

Coinbase CEO Brian Armstrong (Coinbase)

Finance

Tether Stops Support for Bitcoin Layer Omni Citing Lack of Demand

Omni was the first transport layer that Tether used in 2014.

USDT chart (CoinDesk)

Videos

Dissecting the Tether Imbalance on Curve and Uniswap

Kaiko says Curve’s 3pool and Uniswap V3’s main USDT-USDC pool both became imbalanced late last week, as USDT selling escalated. However, the research firm points out the trend actually started in mid-July, well before the Curve exploit. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

CoinDesk placeholder image

Markets

Huobi Receives $200M USDT, $9M Ether From Whale

Transfers occur as outflows from the exchange continues.

(Shutterstock)

Markets

Traders Ditch USDT on Curve, Uniswap, Pushing Key Exchange Pools Into Imbalance

Similar imbalances happened when Terra imploded in May 2022 and after the Silicon Valley Bank crisis hit USDC issuer Circle in March.

USDT daily price (CoinDesk)

Finance

Tether Reports $3.3B in Excess Reserves in Q2, Up $850M for the Quarter

The issuer of stablecoin USDT said its operational profits exceeded $1 billion in Q2 this year.

(Nikhilesh De/CoinDesk)

Videos

Paolo Ardoino: Tether's Stress Test

The role of the stablecoin is to always ensure customers get a one-to-one redemption to the dollar, says Paolo Ardoino, chief technology officer of Tether, the firm stablecoin USDT, and its affiliate cryptocurrency exchange Bitfinex. Scrutiny on the world’s largest stablecoin has been increasing in the past month due to the latest USDT depegging scare. In a Word on the Block interview with Forkast Editor-in-Chief Angie Lau, Ardoino breaks down the USDT reserves, how the firm’s investment in U.S. treasuries is generating profits and discusses why secondary market traders can trigger USDT depegging concerns.

Word on the Block

Markets

Crypto Markets ‘Highly Dependent’ on Stablecoins Lacking Transparency, TUSD Poses Risk: Kaiko

The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.

Ratings company S&P Global has started ranking stablecoins' ability to hold their pegs. (eswaran arulkumar/Unsplash)