USD Coin (USDC), a stablecoin issued by the U.S.-based Circle Financials Ltd, is taking the lead over its top rival, Tether (USDT), when it comes to institutional adoption, according to on-chain data. USDC…
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Bitcoin (BTC) and crypto markets saw fresh volatility on Nov. 10 after stablecoin Tether (USDT) unpegged from the United States dollar. USDT/USD 1-day candle chart (Binance US). Source: TradingView Tether executive: “No issues”…
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A DOJ investigation into suspected bank fraud at Tether – issuer of the world’s largest stablecoin, USDT – has reportedly been transferred to another team within the department, according to a Monday article…
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Tether CTO Paolo Ardoino has announced a 14.6% increase in Treasury bills and lower commercial paper holdings since June 2022. Paolo added that Tether’s transparency report page will be updated in 45 days…
Major stablecoin issuer Tether has further reduced its commercial paper holdings to less than $50 million, with more than half of its backing in US Treasury Bills. The continuous reduction in Tether’s commercial…
