Arthur Hayes, CIO de Maelstrom, prévient que les grandes banques finiront par cannibaliser le modèle commercial de Tether

Arthur Hayes, CIO de Maelstrom et ancien PDG de Bitmex, a discuté de la disparition éventuelle de Tether et d'autres sociétés stables. Hayes a expliqué que le modèle commercial de Tether, qui consiste à prendre des dollars et à investir dans des bons du Trésor, sera finalement cannibalisé par les grandes banques comme JPMorgan lorsqu'elles seront autorisées à émettre des pièces stables adossées à des monnaies fiduciaires.

Timeline of Tether

Tether, led by CEO Paolo Ardoino, recently conducted a comprehensive review of its trajectory from inception to its current position in the cryptocurrency landscape. Ardoino expressed satisfaction with the company's achievements, highlighting the remarkable $91.5 billion market cap of the USDT stablecoin across various blockchains.

Tether CEO Paolo Ardoino made a retrospective about the company's growth since its beginnings. In a post in X, Ardoino celebrated the current standing of the company, with its USDT stablecoin reaching a $91.

A recent report from the South China Morning Post (SCMP) explains the enabling role that Tether's USDT has on the underground Chinese-linked economy of Cambodia. The stablecoin is allegedly used in different activities like sidestepping capital controls for Chinese nationals, who can use it as an exchange device to acquire tools to facilitate online scams.

Tether, the stablecoin company, has confirmed it has collaborated extensively with a series of U.S government agencies, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and the Secret Service. These team-ups are focused on making the stablecoin ecosystem safer for all participants and aiding law enforcement actions against bad actors.

Tether, the corporation behind the Tether stablecoin, published letters to US politicians addressing calls for involvement by the Department of Justice (DOJ) with respect to the criminal usage of its stablecoin.

Stablecoin issuer Tether is looking to increase its crackdown on illicit crypto transactions by sharing its recent letters to members of the U.S. House Financial Services Committee.

Tether, which claims to be the leader in innovative blockchain technology, has announced recently a “significant” collaboration with Bitkub Online Co., Ltd. (Bitkub Exchange), Thailand's cryptocurrency exchange (reportedly one of the most active in terms of crypto trading volume).

S&P Global Ratings assigned a "constrained" stability assessment to stablecoin issuer Tether (CRYPTO: USDT), raising concerns due to limited transparency in its reserve management and asset composition. What Happened: The firm's assessment of '4' reflects concerns over the lack of detailed information about the custodians, counterparties, or bank account providers of USDT's reserves.

Tether, the company behind the prominent stablecoin, has announced a significant policy shift in its approach to regulatory compliance and cooperation with law enforcement agencies. In a recent blog post dated December 9, Tether revealed its initiative to voluntarily freeze wallets associated with individuals or entities on the United States Office of Foreign Assets Control

Tether, the company responsible for the largest stablecoin in the cryptocurrency market, has taken a proactive step in its security measures by announcing a new wallet-freezing policy today. This initiative, decided on December 1, 2023, aligns with the U.S.