Tether reducing commercial paper holdings down to $3.5 billion by end-July
The stablecoin issuer is making good on its promise to reduce its commercial paper holdings and have more of its reserves held in US Treasuries.
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Tether updates, transparency reports, and insights into the role of stablecoins in global finance.
The stablecoin issuer is making good on its promise to reduce its commercial paper holdings and have more of its reserves held in US Treasuries.
Abdulrasaq Ariwoola 2 min read
The Fed states that vulnerabilities in stablecoins may be further heightened by the absence of transparency about the riskiness and liquidity of assets backing them.
The Tether website has to turn on "under attack mode" as it receives 400,000% increase in requests via DDOS attack.
The popular stablecoin Tether has announced that they will be launching on the Tezos blockchain.
Japan’s new stablecoin law limits stablecoin issuance to licensed banks, registered money transfer agents, and trust companies.
The loss of the money within the Terra ecosystem was unfortunate but was not unexpected, according to Collins.
CryptoSlate data shows that the circulating supply of USDT dropped to $73.3 billion on Monday from the $84.2 billion on May 11.
Tether quarterly report indicates that it is still fully backed by cash and cash equivalents including commercial paper and US treasuries.
With investors still reeling from the Terra UST fallout, Tether seeks to assure investors that it is different.