Tether Declares USDT Short-selling As “flat out wrong”

Tether declares USDT short-selling as “flat out wrong” and said that the collapse of Terra was used by hedge funds as justification to short USDT, and claimed that hedge funds have fundamental misperceptions of the cryptocurrency market and Tether.

Timeline of Tether

Tether, issuers of the USDT stablecoin, criticized hedge funds for shorting the cryptocurrency saying that the bearish bets have failed to pay off and are not worth the huge amount of fees brought on by the strategy. The post Tether to Hedge Funds Shorting USDT: Strategy Failed, ‘You Made no Profit' appeared first on BeInCrypto.

Tether reiterated that it holds no Chinese commercial paper and said that the spreading of false information is the biggest threat to the crypto industry today so let's read more today in our Tether latest news.

Binance cryptocurrency exchange has announced that its users can now deposit their Tether (USDT) stablecoins on the platform via the Tezos (XTZ) protocol. The integration comes barely one week after the USDT stablecoin went live on the Tezos blockchain.

Tether Holdings Ltd, the USDT stablecoin issuer, has once again rebutted growing rumours about the composition of its reserve base. The issuer said they have no Renminbi holdings on its reserve.

OKX has developed additional OKX Chain bridges that will provide smarter, more efficient and more affordable on-chain trading for usersUsers trading Tether tokens on OKC will not be charged any fees when they withdraw.

Stablecoin issuer Tether took to Twitter on July 27 to clarify that it holds no Chinese commercial paper (CP) on the back of industry rumors that continue to claim its portfolio in the vertical is backed by 85% Chinese or Asian commercial papers. The post Tether Hits Back at Critics; Clarifies Once Again That It Holds No Chinese CP as Reserves appeared first on BeInCrypto.

Stablecoin issuer Tether wants to debunk rumors that they hold Chinese commercial paper as backing for (USDT) In a new statement by the company, Tether says that it does not hold any Chinese paper, and such “false information” is a threat to the industry.

Stablecoin issuer Tether said today — seemingly for the first time — that it holds no Chinese commercial paper. The post Tether says that it holds no Chinese commercial paper appeared first on The Block.

In Todays Headline TV CryptoDaily News: Tether and Bitfinex enter new project Peer-to-peer application building platform Holepunch announced the alpha launch of its encrypted video calling application called Keet, backed by stablecoin issuer Tether, crypto platform Bitfinex, and distributed systems developer Hypercore. Crypto.com approved as crypto broker by Cyprus SEC.

Holepunch revealed that their completely encrypted Tether and Bitfinex-backed video calling program known as Keet has entered the alpha testing phase. Keet is free because it uses peer-to-peer technology.