Tether News

Economist Eswar Prasad has warned regulators that a bank run on Stablecoins could have significant impact on the U.S bond markets.

Under the hypothetical situation of a dollar collapse, how might fiat-backed stablecoins fare?

Addresses linked to SBF's public wallet received hundreds of thousands of dollars worth of assets from Alameda Research on Dec. 28.

The total value settled with stablecoins this year surpassed the settlement value at Mastercard, which processed around $2.2 trillion in value in 2022.

OKX's latest proof-of-reserves report shows it holds over 90% of its assets in BTC, ETH, and USDT — the exchange has committed to update its reserve on the 22nd of every month. 

According to numbers from Dec. 16, Bitfinex holds $3.5 billion in BTC while OKX follows with the second largest BTC reserve with $1.5 billion.

In general, these online gambling platforms accept USDT deposits and withdrawals and settle funds via cryptocurrency payments.

Tether said the "secured loans held in its reserves are overcollateralized and covered by extremely liquid assets."