June 17th, 2025
Tether (USDT) News - Page 17
Only Four Men Control 86% of All Tether (USDT) Assets in 2018
By Bhushan Akolkar
February 3rd, 2023
Tether CTO has rejected WSJ’s investigative report calling it a “clown article”. The report highlights the massive concentration of USDT control in the hands of a few.
Poundtoken and BitcoinPoint Partners to Bring GBPT Stablecoin to Users via 18K ATMs in UK
By Steve Muchoki
February 1st, 2023
This partnership will help UK crypto customers trade digital assets seamlessly without the need to off-ramp using fiat currencies.
Crypto-centric VC Pantera Capital Lost 80% of Liquid Token Fund in 2022
By Tolu Ajiboye
January 31st, 2023
The Pantera Liquid Token Fund suffered a massive drawdown in 2022, including a large November deficit especially after the FTX crash.
Moody’s to Develop New Stablecoin Scoring System
By Godfrey Benjamin
January 27th, 2023
With the proposed Moody’s stablecoin scoring system, the shift to the stablecoin regulations can be fast-tracked.
FSA to Create New Stablecoin Regulation as Japan Moves to Soften Its Previous Stance
By Mayowa Adebajo
January 24th, 2023
Expectations are that the new rule must have been completed by midyear and adopted by that same time.
Binance SWIFT Partner Signature Bank to Ban USD Transactions below $100K
By Babafemi Adebajo
January 23rd, 2023
Binance noted that Signature Bank only services 0.01% of its monthly average users. The exchange also stated that its other banking partners were not impacted by Signature’s decision.
Iran and Russia Jointly Working on Gold-Backed Stablecoin
By Bhushan Akolkar
January 16th, 2023
The two countries shall use this stablecoin to facilitate cross-border transactions and foreign trade between the two.
Tether (USDT) Ranks Ahead of Visa and Mastercard in 2022 Transaction Volume
By Mayowa Adebajo
January 16th, 2023
USDT remains the biggest stablecoin in the market with a market capitalization of $66.38 billion.
Crypto.com Delists USDT for Canadians Following OSC Ban
By Darya Rudz
January 11th, 2023
In December, the Canadian Securities Administrators (CSA) announced strengthening its approach to oversight of crypto trading platforms by expanding existing requirements for platforms operating in Canada.
Demand for USDC Stablecoin Skyrockets after FTX Collapse
By Mayowa Adebajo
January 11th, 2023
Despite the fact that customers may be shifting their focus to its competitor, Tether doesn’t see a threat.
Binance Addresses Reports Regarding Its BUSD Peg
By Tolu Ajiboye
January 11th, 2023
Globally-renowned exchange Binance recently admitted that its BUSD peg was inadequately undercollateralized by $1 billion.
Gleec BTC Exchange Acquires BlockTane to Move into Brazilian Market
By Godfrey Benjamin
December 20th, 2022
Gleec has also dived into El Salvador, the country that was ranked as the first in the world to legalize Bitcoin back in September 2021.
Crypto Exchange OKX Suspends Withdrawals amid Cloud Infra Failure
By Bhushan Akolkar
December 19th, 2022
Alibaba faced an “equipment anomaly” in the hardware controlling its cloud infrastructure due to which OKX services remained suspended for 7 hours. The exchange has now resumed withdrawals for BTC, ETH, and stablecoins.
Tether Plans to Eliminate Secured Loans Held in Its Reserve in 2023
By Godfrey Benjamin
December 14th, 2022
By a very large margin, Tether comes off as one of the top three companies operating as a Virtual Asset Service Provider (VASP) that receives a constant attack from mainstream media per its reserve.
CFTC Issues Verdict on BTC, ETH, USDT, Calls Them Commodities
By Mayowa Adebajo
December 14th, 2022
CFTC’s new filing may have established that claims of staked coins being securities are incorrect.