CZ accused SBF of trying to depeg USDT though Alameda

The drama surrounding FTX and Binance continues to unfold as new text messages emerge that show what went on behind the scenes as the exchange crumbled. The post CZ accused SBF of trying to depeg USDT though Alameda appeared first on CryptoSlate.

Timeline of Tether

Tether, the company behind the largest stablecoin USDT, has expanded its offerings to include offshore Chinese Yuan (CNH₮) stablecoin on the Tron blockchain. The move will enable Chinese customers to send and receive payments in the stablecoin with fewer fees compared to the Ethereum blockchain. 

The platform introduces five Blockchain HASH games Size, Odd Even, Perfect Partner, Combat, and Cow Mystery.  Lucky Mystery Box, announced today the launch of its Crypto lottery on the TRON network.

Following the first half of 2022's crypto winter and the demise of the Terra ecosystem, stablecoins like Tether caused a paradigm shift for many investors. Unfortunately, a large number of these coins have fallen short of delivering the stability they promised.

TRON (TRX) remains in a stagnant phase, refusing to make any kind of momentum for an upward run despite a number of positive developments that, in many cases if not all, should have helped trigger a significant price movement. Let's consider this summary: TRON's seven-day jump was less than 2% During the last 30 days, TRX has already lost 12% of its value Tron blockchain enjoys a significant boost in its stablecoin inflow Instead, the asset continues to consolidate within a narrow range and is not showing any signs of immediate recovery.

Stanley Choi, Block Media Reporter Tether, the company behind the USDT stablecoin, was reported by the Wall Street Journal (WSJ) on January 1 to have drastically increased its external lending over the past year without providing details on the collateral. did.

There are worries that Tether (USDT), which is the most popular stable-coin cryptocurrency, could face liquidity risk due to a sharp rise in the number of loans. The Wall Street Journal (WSJ) looked at Tether Holdings' financial report on the 1st (local time) and found that the company had given out loans worth $6.

FUD around Tether continued to grow as it didn't provide audited financial reports Tether's transaction count declined while active addresses witnessed a rise According to a recent report by the Wall Street Journal, Tether [USDT] issued massive loans of around $6.1 billion as of 30 September 2022.

Tether co-founder Reeve Collins defended the company's perceived lack of transparency, stating Tether has always redeemed every token for “exactly one dollar” despite having no clear proof of reserve.

According to a recent report, Tether, the issuer of the USDT stablecoin, has been increasingly lending its own coins to customers rather than selling them for cash. Further,  it also states that, the crypto giant has failed to disclose its stablecoin-issued loans and raised concerns about why Tether doesn't publish its full USDT reserves for The post “Why Doesn't Tether Publish USDT Reserves” : Founder Responds appeared first on CoinGape.

Tether has stated that its secured loans are heavily collateralized in response to a recent report claiming Tether-led trouble in the sector. The post Tether Hits Back at WSJ, Claims Its USDT Loans Are ‘Overcollateralized' appeared first on BeInCrypto.