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Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company

On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation…

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The Number of Tethers in Circulation Dropped by Over 12 Billion in 2 Months, USDC Grew by 9%

During the last two months, the stablecoin tether has been one of the most traded crypto assets swapped against a myriad of digital currencies. 66 days ago on April 11,…

Continue ReadingThe Number of Tethers in Circulation Dropped by Over 12 Billion in 2 Months, USDC Grew by 9%

USDC Stablecoin Records Second-Highest Trading Volume Ever Amid Massive Volatility

As per the latest data compiled by crypto analytic platform, IntoTheBlock, USDC stablecoin recorded its second-highest volume ever. USDC Winning the Tussle ITB said that with Bitcoin and Ethereum going…

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Tether Dismantles Rumors, Claims Zero Lending Exposure to Celsius and Three Arrows Capital

Tether – the company behind the leading stablecoin by means of overall market capitalization (USDT) – has publicly dismantled rumors about Asian Commerical Paper backing and more. The downturn in…

Continue ReadingTether Dismantles Rumors, Claims Zero Lending Exposure to Celsius and Three Arrows Capital