Tether - USDT News

Tether Lawyers Says Stablecoin is 74% Backed
Tether Lawyers Says Stablecoin is 74% Backed
30 April 2019, 16:44
Stuart Hogner, the general counsel representing the stablecoin company, Tether Ltd and its parent company, Bitfinex, has confirmed that fiat or its equivalent back only 74% of existing USDT.
Court Order Says Bitfinex Took $850 Million from Tether to Hide Losses
Court Order Says Bitfinex Took $850 Million from Tether to Hide Losses
26 April 2019, 10:15
The New York Attorney General's office believes crypto exchange, Bitfinex, lost $850 million and subsequently borrowed money from its controversial stablecoin subsidiary, Tether Ltd, to hide the deficiency.
Does Tether Ltd. Have Enough Cash Reserve?
18 December 2018, 06:47
New York-based publication Bloomberg claims to have found a document which could answer one of the most recurring questions in the crypto industry - whether Tether Ltd., the company issuing the USDT stablecoin has enough cash reserves to back the 1.8 billion tokens currently in circulation.
Stablecoin Adoption Is Up 1032% in November
Stablecoin Adoption Is Up 1032% in November
11 December 2018, 17:28
A 1032% increase in the stablecoin usage was posted in November while transactions involving the fiat-pegged cryptocurrencies kissed the $2.3 billion mark. The Paxos Standard which now has a market cap of $93 million was one of the most successful stablecoins with $1.8 billion posted on Ethereum transactions.
Circle’s Stablecoin (USDC) Reserves Confirmed By Accounting Firm
Circle’s Stablecoin (USDC) Reserves Confirmed By Accounting Firm
24 November 2018, 12:18
USDC - stablecoin issued by Circle has been audited by Grant Thornton LLP. The coin is backed 1:1 by the US Dollar with total amount of USD in custody equal $127,412,240.89 as of October 31.
The US DOJ Probes Tether Over Bitcoin Pump in 2017
The US DOJ Probes Tether Over Bitcoin Pump in 2017
22 November 2018, 17:05
Following BTC’s recent decline, the U.S Department of Justice has reportedly opened a probe into whether Tether and Bitfinex used USDT issuance to manipulate crypto market prices and pump Bitcoin in December 2017