Tether Alleges WSJ Controversial Misleading Reports About The Company
Key Points: Tether, one of the world's major stablecoin issuers, has accused The Wall Street Journal (WSJ) of printing and distributing misleading information about the firm and its procedures.
Timeline of Tether
Tether's dominance is still increasing - The Cryptonomist
In 2022, however, the implosion of the algorithmic stablecoin UST had put fears into circulation that also concerned Tether's resilience. And so its market capitalization declined, due to many USDT returns.
Shocking Allegations: Tether's Issuer Reportedly Used Fraudulent Tactics For Banking Access - USDT Denies - Benzinga
Tether (CRYPTO: USDT), faced a critical situation in late 2018 when its parent company and affiliates struggled to maintain access to the global banking system. A recent review of emails and documents revealed that the companies took the recourse of shadowy intermediaries, fake documents, and shell companies to reinstate their access as reported by the Wall Street journal.
Did Tether commit fraud to enter the banking sector? - Cryptopolitan
Tether's woes look like they are not going away soon, with the company in a fraud scandal. According to a report by WSJ, top shareholders backing the company made fake documents and shell companies to help the company enter the mainstream payment system.
Bitfinex And Tether Falsified Documents To Access Bank Services, Report Claims - Bitcoinist
A report by The Wall Street Journal reveals the alleged illicit acts of Bitfinex and Tether in 2018. This is one of the many legal issues and controversies that have characterized Tether since its launch in 2014.
Reports Indicate USDT Is Being Used in Venezuela to Facilitate Settlements and to Avoid Sanctions - Bitcoin
Some companies in Venezuela are using the stablecoin tether as a way of sidestepping sanctions and settling payments with foreign customers and providers. Local reports indicate that, while the most popular use case for the stablecoin involves its purchase for devaluation shielding purposes, a handful of companies are also harnessing it in this way.
Exchanges using USDT to trade in Russia despite sanctions: Report - AMBCrypto
Popular crypto exchanges KuCoin and Huobi have come under fire for failing to comply with the sanctions imposed on Russia in light of its conflict with Ukraine. The Seychelles-based firms have a considerable presence in the crypto space and are counted among the world's largest crypto exchanges.
Tether Has Over 50% Of The Stablecoin Market, The Highest In 14 Months - Coincu
Key Points: As the SEC prepares to crack down on dollar-pegged tokens, Tether, the oldest stablecoin, is as strong as ever. Tether (USDT) is once again establishing itself as crypto's preferred pegged currency, with its stablecoin market share approaching 50% for the first time since December 2021.
Tether's USDT Is on a Roll, Approaches 50% Market Share for the First Time Since This Year - CoinPedia
Tether's (USDT) stablecoin market share is approaching 50% for the first time since December 2021 and is once again consolidating as cryptocurrency's preferred pegged token. The largest stablecoin issuer now has a $68.4 billion circulating supply, an increase of around 3%, after deploying an additional $2.4 billion USDT this year.
Tether Releases Attestation Report Showing $960M Excess Reserves - PYMNTS
Tether has released a report showing excess reserves and a shift of assets in Treasury bills. The attestation report completed by public accounting firm BDO and released Thursday (Feb.
Tether Reports $700M Profit Boost, Zero Commercial Paper In 2022 - Benzinga
Tether Holdings Limited, the company behind the popular stablecoin USDT (CRYPTO: USDT) reported a net profit of more than $700 million in the last quarter of 2022, according to its latest Consolidated Reserves Report (CRR).
