Stablecoins
Tether remains unshaken despite $10 billion withdrawals in 2 weeks
CryptoSlate data shows that the circulating supply of USDT dropped to $73.3 billion on Monday from the $84.2 billion on May 11.
Oluwapelumi Adejumo 2 min read
USDT
Tether news today
Tether updates, transparency reports, and insights into the role of stablecoins in global finance.
Tether Price $1.00
Coverage footprint 1.6%
News sentiment 26 /100
Top Tether Stories
Stablecoins
Tether’s $82.4B reserves exceed market cap of USDT
Tether quarterly report indicates that it is still fully backed by cash and cash equivalents including commercial paper and US treasuries.
Stablecoins
Tether explains why it ‘has nothing in common’ with Terra UST
With investors still reeling from the Terra UST fallout, Tether seeks to assure investors that it is different.
Latest Tether News & Analysis
Regulation
EU regulators criticize stablecoins to promote Euro CBDC
EU regulators are using the attack on UST and USDT stumbling as proof that Europe needs a CBDC
Adoption
Dubai-based law firm, school to start accepting crypto payments
Ashish Mehta of Ashish Mehta & Associates claims Dubai and the UAEs regulatory and compliance framework encouraged his law firm to accept crypto payments.
Stablecoins
Bitfinex CTO plays down reports that Tether was in trouble
Paolo Ardoino addressed the crypto community on May 12 to reassure investors that Tether was never under threat.
Stablecoins
You can redeem Tether USDT 1:1 on tether.to but there’s a catch
Regardless of the price on centralized exchanges and DEXs tether remains adamant that you can always redeem on tether.to for 1 dollar
Stablecoins
Gold-backed digital assets outperform Bitcoin, Ethereum
PAXG has risen by 7.4% in 2022, while its closest competitor, XAUT, has increased by 8.5% within the same period.
Adoption
Switzerland aims to become the next crypto utopia as Lugano makes Bitcoin and USDT legal tender
The progressive Swiss town wants to become a cryptocurrency hub in the center of Europe.
