Tron Dao to purchase 1 billion USDT to fight short sellers
Justin Sun's Tron is purchasing 1 billion USDT to fight short sellers and "safeguard the overall blockchain industry." The post Tron Dao to purchase 1 billion USDT to fight short sellers appeared first on The Block.
Timeline of Tether
Amid FTX Rumors Tether's USDT Peg Of $1 Wobbles – What's Going On? - NewsBTC
The crypto market is still seems to be in the grasps of FTX and Alameda. Currently, rumors are circulating that Tether's stablecoin USDT might be more affected by the downfall of FTX than it would like to admit.
Tether dollar peg sinks 1.7% as FTX-induced turmoil persists - CryptoSlate
The Tether (USDT) stablecoin showed signs of wavering on November 10, sinking as low as $0.9806 as market uncertainty continues to reign. The post Tether dollar peg sinks 1.7% as FTX-induced turmoil persists appeared first on CryptoSlate.
Tether's USDT falls 1% below dollar peg amid market uncertainty - The Block
Tether's USDT has fallen slightly below its dollar peg on Thursday morning amid the ongoing uncertainty in crypto markets. The post Tether's USDT falls 1% below dollar peg amid market uncertainty appeared first on The Block.
Is USDT exposed to FTX? Read what this Tether exec has to say - AMBCrypto
Tether's CTO addressed concerns over USDT's exposure to FTT USDT daily volume sees a spike Members of the cryptocurrency community have been questioning prominent stablecoin companies about their engagements with FTX and FTT. Perhaps, out of worry that a repeat of the Terra scenario might transpire.
Tether, Circle deny exposure to FTX, Alameda - CryptoSlate
The issuers of the two largest stablecoins, Tether and Circle, have distanced themselves from the FTX situation, saying they have no exposure to the struggling crypto exchange or Alameda Research. The post Tether, Circle deny exposure to FTX, Alameda appeared first on CryptoSlate.
Tether CTO denies exposure to FTX and Alameda after exchange's forced sale - The Block
"Tether does not have any exposure to FTX or Alameda," Ardoino tweeted, adding: "0. Null. Maybe is time to look elsewhere. Sorry guys. Try again." The post Tether CTO denies exposure to FTX and Alameda after exchange's forced sale appeared first on The Block.
Demand for USDT Erupts in Lebanon as Rising Inflation Kicks In - Zycrypto
The U.S. dollar-pegged stablecoin issued by Tether, USDT, has been rising in popularity in Lebanon amid rising inflation that has made access to foreign exchange from traditional channels difficult.
Can USDT's market cap sail Tether's boat through the ongoing market turmoil - AMBCrypto
The USDT transaction volume reached a new high over the last four months according to Glassnode's latest tweet posted on 7 November. With multiple factors in favor of USDT, it appears that the stablecoin may not be losing its dominance anytime soon.
Lebanon Embraces Crypto, Accepts Payments in USDT As The Nation Battles Intense Economic Meltdown - EWN
As hyperinflation grips Lebanon, the nation has turned towards decentralised mechanisms like cryptocurrencies to sustain its livelihood in the long run. Lebanese citizens have started accepting digital crypto payments, which have now become an integral part of their day-to-day lives.
US Justice Department Reassigns Tether Probe To New Team - Crypto Daily
An investigation to determine whether Tether executives committed bank fraud during the stablecoin issuer's early days has been reassigned. According to several reports, a new team with the US Attorney's Office for the Southern District of New York will now be handling the investigation.