Tags : USDt

Regulation

Tether (USDT) responds to allegations of missing billions. Calls it

Bloomberg published an article on Thursday rehashing ongoing concerns about Tether and its 1:1 reserves. Per Tether’s website, every USDT token issued is fully backed by reserves, containing a mixture of reserve assets. “Every Tether token is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, […]Read More

Regulation

Tether (USDT) cash equivalents have increased to 85%, company reveals

Tether Holdings Limited, the company behind the world’s largest stablecoin by market cap, revealed more details about its reserves in an assurance opinion by Moore Cayman, an audit services provider, which concluded that the information in the company’s Consolidated Reserves Report (CRR) is accurate. Tether’s reserves  “The group’s consolidated assets exceed its consolidated liabilities,” according […]Read More

Regulation

Alleged Tether (USDT) ‘shadow banker’ set for 2022 trial

Reggie Fowler, a former NFL team owner and the suspected “shadow banker” involved in the Tether and Bitfinex saga, will finally have his day in court as his trial is scheduled for early 2022. According to newly released information, Fowler is accused of laundering money for Colombian drug cartels, alongside providing unlicensed financial services to […]Read More

Regulation

Tether (USDT) slams Bloomberg over criminal probe accusations

The recent report about Tether (USDT) facing a criminal probe in the US, published by Bloomberg and covered by CryptoSlate, received a snappy response, in which the issuers of the largest stablecoin claimed the alleged accusations don’t constitute news but are published as clickbait.  According to the report that cited three unnamed sources with direct […]Read More

Regulation

Tether (USDT) faces criminal probe in the US, report says

Tether (USDT) FUD surrounding the stablecoin’s issuance could have a new chapter in the form of criminal charges, which would mark a major development in the US government’s crackdown on crypto. The US Department of Justice (DoJ) investigation is focused on conduct that occurred years ago, scrutinizing whether Tether failed to disclose to banks that […]Read More

Regulation

Jim Cramer calls Tether (USDT) the ‘Achilles heel’ of crypto

Triggered by this week’s sell-offs, Jim Cramer expressed his concerns that Tether, as “the Achilles heel” of cryptocurrency, brings further risk exposure to markets. “Tether, which is the giant stablecoin, could be basically the Achilles heel of the entire Bitcoin operation, which is very worrisome because we don’t know what they own,” he told The […]Read More

Cryptocurrency

Polkadot’s network prepares to welcome Tether USDt

Polkadot’s network utility is about to experience a significant boost. With the upcoming parachain rollout, the protocol will finally realize its scalable multi-chain architecture.  Although the new functionality is currently running on a testnet, developers are already preparing for it.  Enjin recently announced the launch of a next-generation NFT blockchain on the Polkadot network called […]Read More