TETHER

 

Description
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create stable digital cash.

Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen.

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Just four men controlled 86% of stablecoin issuer Tether Holdings Limited
The Wall Street Journal reported that four persons owned 86% of Tether Holdings Limited in 2018.
Tether Denies Receiving Any Loans From Celsius
Tether's chief technical officer Paolo Ardoino denied borrowing from Celsius in response to Celsius' examiner report.
USDC issuer Circle releases accountant-verified report
Circle's newest reserve report shows $44.5 billion USDC stablecoin assets.
Tether and INHOPE Join Forces to Fight Child Abuse Material Online
The cooperation intends to combat the unlawful use of cryptocurrency to finance child abuse content on the dark web and in personless online marketplaces like INHOPE.
Tron DAO to Purchase 1 billion USDT to Combat Short Sellers
The Tron Dao reserve is now set to purchase 1 billion USDT to combat short sellers and bring the stablecoin USDT back to its normal price.
US DOJ Revises Probe into Tether Regarding Bank Fraud - Report
According to a Bloomberg report, the DOJ has reopened a probe into Tether to see if it violated US banking laws
Tether Eliminates All Commercial Paper Holdings to Zero
Tether has cut down all commercial paper exposure from its reserves. The firm said the move is part of its ongoing efforts to increase transparency.
Tether Boosts US Treasury Holdings Behind USDT, Further Reducing Commercial Paper
Tether said it has increased its investments in US Treasury bills backing its $68 billion stablecoin.
USDT Tokens Now Live on the Polkadot Network
Tether Limited recently expanded its reach across various blockchain platforms by launching its stablecoin (USDT) on the Polkadot network
Tether Ordered by New York Judge to Document USDT Backing
The presiding judge ordered Tether to provide evidence of the USDT backing of its reserves at the time. The company is required to provide financial documents to the court.

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