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.” […]
Tether Achieves Top Security Compliance with SOC 2 Audit Completion
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 Refuses to Confirm or Deny Dropping USDT on Tron Network
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 […]
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 […]
Bitfinex ALT2611 Tokenized Bond Stumbles, Raises Only 15% of $10M Goal
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 […]