As the global equities markets continue their free fall, stablecoins seem to be weathering the storm.
Stablecoins ‘Flip’ Ethereum’s Native Currency In Transfer Value
A greater share of value is being transferred via stablecoins over the Ethereum network than its own native cryptocurrency.
Tether to File Motion With NYAG to Dismiss Class Action Lawsuit
The company claims that plaintiffs cannot prove Tether transactions caused bitcoin’s surge or that damages were incurred.
Tether Says Its Stablecoin Is ‘Fully Backed’ Again
Tether says its USDT stablecoin is “fully backed by reserves,” after reporting in April its token was only 74% backed.
Why Tether Volume Surged to All-Time Highs in August
The dollar-pegged stablecoin tether (USDT) has become a virtual bridge between Chinese traders and global markets.
Tether Lawyer Admits Stablecoin Now 74% Backed by Cash and Equivalents
Tether’s general counsel told the New York Supreme Court that it can only back about 74% of USDT in circulation as of Tuesday.
Tether Says Its USDT Stablecoin May Not Be Backed By Fiat Alone
Tether has updated the terms on its website, saying that its dollar-pegged USDT stablecoin may not be backed 100 percent by fiat reserves.
Tether to Launch New Version of USDT Stablecoin on Tron Blockchain
Tether is gearing up to launch its controversial stablecoin as a native token on the Tron blockchain.
Documents Suggest Tether Has Fiat Funds to Back Stablecoin: Report
Tether Ltd. may have the cash reserves to back up its 1.8 billion dollar-pegged tokens, says Bloomberg.
Stablecoin Purchases Surged Amid Wednesday’s Crypto Market Drop
The broader cryptocurrency market plummeted on Wednesday, but stablecoins in particular saw no shortage of buyers.
PwC Is Advising (Not Auditing) Another Stablecoin Project
PwC’s Hong Kong division is exploring best practices for issuing stablecoins with non-profit Loopring Foundation. Auditing, though, is another matter.
Deltec Chairman Says Tether Letter on Bank Relationship Is ‘Authentic’
Last week’s much-scrutinized letter, in which a Bahamas-based bank appeared to vouch for Tether’s balance, has been confirmed as genuine by the bank.
Here’s What 3 Lawyers Have to Say About That Cryptic Tether Letter
The wisp of a signature on Deltec Bank’s letter to Tether is the least of it. More important is the language around liability.
Crypto Wallet Maker Ledger to Expand Support for Stablecoins, Including Tether
Benjamin Soong, Ledger’s newly hired head of Asia-Pacific operations, says tether remains popular in the region despite the token’s recent troubles.
Which Stablecoin Is the Riskiest? The Crypto Market Is Pricing That In
Buying bitcoin may be cheaper using a stablecoin the market has greater confidence in, like the Gemini dollar, than with an alternative like USDT.
Winklevoss-Backed Stablecoin Soars Above $1 as Tether’s Market Cap Plunges
The Gemini dollar has broken its peg and climbed to a price of $1.19 on Tuesday.
Binance Pauses Tether Withdrawals After Denying Delist Rumor
Binance suspended tether withdrawals Monday after pushing back against rumors that the exchange would delist the stablecoin.
A Top-20 Crypto Exchange Is Replacing Tether With a Rival Stablecoin
Tether, despite questions surrounding its finances, remains the dominant stablecoin. Following a recent announcement, is that starting to change?
Tether Code ‘Flaw’ Was Actually an Exchange Integration Error
A suspected vulnerability in Tether’s code for its USDT stablecoin has been confirmed as an exchange integration issue, not a protocol bug.