Kucoin Adds Support for Stablecoin Tezos USDT

The cryptocurrency trading platform Kucoin has announced that it is now accepting deposits of Tezos USDT (Tether). The announcement comes after Tether was recently integrated into Tezos, the largest stablecoin in the world by market cap.

Timeline of Kucoin-token, Tether, Tezos

KuCoin, the world-leading cryptocurrency exchange, has introduced deposit services for Tezos (XTZ/USD) USDT (Tether), Invezz learned from a press release. This launch is another key milestone for the self-amending, energy-efficient blockchain. In July, Tezos integrated Tether, the biggest stablecoin by market cap. Growing usage year after year Tezos is becoming more popular year after year.

Tether, the issuer of the world's largest stablecoin USDT by market cap, announced on October 13, 2022 that it has “eliminated commercial paper from its reserves, replacing these investments with U.S. Treasury Bills (T-Bills).

Tezos price analysis is bearish as the cryptocurrency has experienced a rise in the past few hours. Bulls have taken control of the market, and the coin value rose from $1.274 on October 14, 2022, and reached $1.435.

A New York judge has reportedly removed Roche Freedman from a class action lawsuit against stablecoin issuer Tether and crypto exchange Bitfinex. The post Law firm Roche Freedman removed from suit against Tether and Bitfinex: Bloomberg appeared first on The Block.

Stablecoin issuer Tether has eliminated commercial papers from its USDT reserve, according to its latest reserve update. The post Tether reduces commercial paper reserves for USDT to zero appeared first on CryptoSlate.

The world's largest stablecoin, Tether, completed a significant milestone today, announcing that it had slashed its commercial paper holdings to zero. According to a blog post, the commercial paper holdings have been replaced by U.S. Treasury bills.

The stablecoin issuer Tether (USDT) has made good on its word to cut its exposure to riskier assets like commercial paper. The post Tether Cuts Out Commercial Paper Holdings To Foster Trust appeared first on BeInCrypto.

Faced with criticism over the quality of its reserves, stablecoin issuer Tether announced Thursday that it was slashing commercial paper, or unsecured promissory notes, from its reserves. It also increased its direct exposure to U.S. Treasuries by more than $10 billion in the last quarter.

USDT's throne has been challenged over the years by USDC. Eight years after Tether issued its first USDT token, the company can claim to have seen it all from regulators' censures to reaching supply highs.

Stablecoin issuer Tether has said for months it planned to improve the quality of its reserves. The post Tether to replace commercial paper with U.S. Treasuries reserves appeared first on The Block.