Stablecoins
Tether mints $2 billion in USDT as supply reaches a record-breaking $160 billion
The latest minting spree reflects intensified crypto market activity as Bitcoin reaches a new all-time high.
Oluwapelumi Adejumo 2 min read
USDT
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Tether updates, transparency reports, and insights into the role of stablecoins in global finance.
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Analysis
Exchange-run launchpads average 10x gains but face scrutiny over steep valuations, opaque models
Despite the double-digit returns, many launchpads list tokens at inflated fully diluted valuations while releasing only a small circulating supply, hurting retail traders' trust in the sector.
Stablecoins
Tether to sunset USDT redemptions on 5 ‘legacy’ networks including Bitcoin Cash, Algorand
Tether sunsets five blockchains, redirecting efforts towards innovative ecosystems and enhancing interoperability.
Latest Tether News & Analysis
Analysis
Ethereum regains $2,700 amid lowest long/short ratio in two years and ETF cash floods
The Binance ETH/USDT perpetual long-to-short ratio slipped to 0.98 on July 9, the first print below parity since April 16, 2023.
Stablecoins
Stablecoin issuers’ $182 billion US Treasury hoard ranks 17th among countries, beating UAE and South Korea
Taken together, those issuers reach $182.4 billion, enough to leapfrog South Korea and the United Arab Emirates, and fall just shy of Norway.
Stablecoins
Tether holds $8 billion worth of gold in Swiss vault, matching UBS exposure
Gold now represents nearly 5% of Tether’s $112 billion reserve portfolio, according to a March attestation.
DeFi
Post-maintenance mishap on Solana’s Backpack triggers incorrect futures orders, balance reports
CEO Armani Ferrante acknowledged the issues and vowed to reimburse affected users.
Mining
Tether and Adecoagro join forces on renewable-powered Bitcoin mining venture
New partnership aims to transform surplus energy into digital gold, with Bitcoin exposure on Adecoagro’s balance sheet.
Legal
Celsius gets go-ahead in legal battle to recover $4B in Bitcoin from Tether
Celsius argues Tether's liquidation of 57,000 BTC breached contract terms, potentially impacting $4 billion in assets.
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Analysis
Ethereum poised for $3,000 with regulatory tailwinds and ETF demand
Crime
Coinbase and Tether backed sting helps Secret Service freeze $225M from crypto scammers
Crime
Dark market activity on Telegram persists despite $27B Huione ban – Elliptic
Stablecoins