Tether

Tether, the company behind the leading stablecoin USDT, raised eyebrows earlier this week. It appeared to mint $1 billion worth of new USDT tokens without having the reserves to back them up. Seeking to calm the controversy, Tether’s CEO Paolo Ardoino assured people that this $1 billion mint was “an authorized but not issued transaction.” […]

Hong Kong crypto exchange HashKey is willing to fight global crypto exchanges like Coinbase to secure a new Bermuda license for offering crypto futures for 20 different crypto coins. This development comes as HashKey faces strict regulatory measures in Hong Kong for offering crypto derivative products to customers. In a recent interview with a local […]

Tether, the issuer of the largest stablecoin USDT, has announced the successful completion of  System Organization Control (SOC) 2 Audit Type 1, demonstrating its commitment to offering a secure user experience. The audit, developed by the American Institute of Certified Accountants (AICPA), is the highest level of security compliance an organization can achieve. Paolo Ardoino, […]

Tether, the issuer of the popular stablecoin USDT, has refrained from confirming or denying whether it plans to discontinue support for the Tron network, following a similar move by its competitor Circle. On Tuesday, Feb. 20, Circle announced that it would halt the minting of its stablecoin, USD Coin (USDC), on the Tron blockchain. Tether’s […]

The Tether crypto firm, in the wake of a damning UN report accusing it of facilitating illegal activities in Southeast Asia through its USDT stablecoin, expressed disappointment at what they feel is an unfair targeting of the instrument. It argues that the global financial community has continually overlooked and undervalued its contribution to developing economies […]

Tether, the company behind the USDT stablecoin, has frozen 326 wallets containing $435 million worth of USDT, the company highlighted in a letter on December 15. The assets were frozen to assist law enforcement authorities, including the Federal Bureau of Investigation (FBI), the US Department of Justice (DOJ), and the Secret Service. The letter, written […]

Bitfinex Tether’s $1.00 tokenized bond, the ALT2611, falls short, raising only $1.5 million of its $10 million target two weeks post-launch. Bitfinex Securities had anticipated a more robust response to their innovative capital-raising approach. According to the official website, the offering period for ALT2611, initially set for a two-week target, has been extended, but only […]

Tether and Bitfinex stated in a transparency-driven decision that they will not appeal the Freedom of Information Law request made by several media. They made this choice to uphold transparency, as mentioned in their statement. Furthermore, Tether and Bitfinex have agreed to withdraw the original opposition to a Freedom of Information Law (FOIL) request filed […]

Tether, the issuer of the $84 billion USDT stablecoin, is gearing up for significant changes in its operational transparency and leadership. From December, Paolo Ardoino, Tether’s Chief Technology Officer, will take the reins as the company’s new CEO, according to the latest report. Ardoino, known for his low public profile, has emerged as the unofficial face […]