USDT

Tether Prints $1 Billion in New USDT Tokens
Tether

Tether Prints $1 Billion in New USDT Tokens

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.” […]

Apr. 19, 2024
Tether Challenges UN Findings, Upholds USDT Integrity
Tether

Tether Challenges UN Findings, Upholds USDT Integrity

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 […]

Jan. 18, 2024
Tether Has Frozen $435M USDT For US Secret Service, DOJ, And FBI
Crypto

Tether Has Frozen $435M USDT For US Secret Service, DOJ, And FBI

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 […]

Dec. 18, 2023
Tether’s New CEO Charts A Transparent Course For Crypto’s Hidden Giant: Report
Crypto

Tether’s New CEO Charts A Transparent Course For Crypto’s Hidden Giant: Report

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 […]

Oct. 22, 2023
Lawyers Claim MiCA’s Stablecoin Transaction Cap Hinders Crypto Adoption
Crypto

Lawyers Claim MiCA’s Stablecoin Transaction Cap Hinders Crypto Adoption

MiCA legislation’s transaction limits may hinder stablecoin adoption, creating obstacles for the European Union’s crypto-asset markets. Deploying MiCA with its $216 million cap on stablecoins like USDT and USDC could hinder crypto growth unless modifications are made. This has led to suggestions for a revision of the framework. Many individuals within the crypto industry reacted […]

Jul. 10, 2023