Stablecoin Leader Tether (USDT) Launches on Tezos Blockchain
Tether, the issuer of the world’s largest stablecoin, has announced the launch of USDT on the Tezos blockchain, thus expanding the number of networks supporting the asset to 12. The…
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Tether’s USDT Stablecoin Launches on Polygon (MATIC) Network
Tether – the company behind the world’s largest stablecoin – has now launched its premier Tether token (USDT) across Polygon. This will bring Tether’s utility to thousands of dapps running…
Tether Launches Mexican Peso-Backed Stablecoin on Ethereum, Tron, Polygon
Tether announced the launch of a new type of a stablecoin, backed by Mexico’s national currency. Initially, MXNT will be available on three main blockchains – Ethereum, Tron, and Polygon.…
Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report
The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally,…
Tether Confirms Fully Backed Reserves in Latest Assurance Report
Tether’s USDT stablecoin is beyond fully backed, according to the latest assurance report provided by accounting firm MHA Cayman. The firm found that Tether’s total assets are worth at least…
Tether’s Circulating Supply Reduced by $7 Billion in a Week
Tether, the company behind the largest stablecoin by market capitalization USDT, has seen a reduction in the asset’s circulating supply after investors withdrew over $7 billion from it. Investors Losing…
Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries
On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since…
Tether (USDT) Loses Peg As Mayhem in Stablecoin Continues
Tether (USDT) lost its dollar parity on Thursday as UST’s debacle sent shockwaves across the stablecoin market amid serious sell pressure in the wider industry. According to CoinMarketCap, the slump…
Tether Has No Plans to Go Public: CTO Paolo Ardoino (Exclusive Interview)
The leading stablecoin by market capitalization — backed by reserves of cash and money market cash equivalents — USDT has a market cap of approximately $83 billion at the time…
Report: Afghans Use Crypto to Curb Taliban’s Influence on Their Financial Well-Being
Afghan residents are reportedly acquiring digital assets that they use to preserve their savings and to diminish the ruling Taliban’s ability to affect their financial well-being. Since the militant group…