Tether

Tether’s strategic decision to invest a significant portion of its operating profits into Bitcoin is creating a surge of optimism for an upward trend in the cryptocurrency market. Tether International Limited, the manager of the preeminent stablecoin, recently divulged an investment strategy designed to bolster its reserve portfolio. CoinShares, a leading digital asset investment firm, […]

Leading stablecoin issuer Tether, the firm behind the USDT token, has recently revealed that it amassed $2.5 billion in excess reserves, and that it now plans to use 15% of its realized net operating profits to invest in the flagship cryptocurrency Bitcoin ($BTC). According to a recent announcement, Tether’s excess reserves currently account for approximately […]

On Thursday (8 December 2022), Coinbase announced that it had decided to make it easier for its “global retail customers” to convert Tether ($USDT) to USD Coin ($USDC), highlighting the latter’s good reputation without directing attacking the former. According to Coinbase’s blog post, customers are looking for stability and trust in the midst of market […]

Following the decision of the mayor of Lugano to make Bitcoin ($BTC) and tether ($USDT) “de facto legal tender” in the Swiss city, it is now possible to pay with these two cryptocurrencies at both McDonald’s restaurants over there. Lugano is “a city and municipality in Switzerland, part of the Lugano District in the canton […]

Stablecoins have become a major part of the cryptocurrency space over time, with Tether USD (USDT) and USD Coin (USDC) now being the two leading stablecoins by market capitalization. While both are fully collateralized stablecoins, their underlying business models and infrastructure differ. Looking at the differences between USDT and USDC is crucial for investors to […]

In the early hours of Thursday (UTC time), Bitcoin fell below $26,000, partly due to fiat-backed stablecoin Tether ($USDT) temporarily losing its peg. However, currently, $USDT is looking healthier and so does Bitcoin. According to data by TradingView, on crypto exchange Bitstamp, the Bitcoin price fell to around $25,499 — which is the lowest it […]

On Wednesday (April 13), Paolo Ardoino, CTO at Tether (and Bitfinex), said the fiat-backed stablecoin issuer has been taking “enormous steps” to increase transparency and to “reduce dramatically” its exposure to commercial paper. Tether, which was launched in 2014, is the issuer of the dollar-pegged stablecoin with the same name. Tether tokens are supported on […]