Tether to Reduce Secured Loans to Zero by 2023
Tether said the "secured loans held in its reserves are overcollateralized and covered by extremely liquid assets."
OthersTether said the "secured loans held in its reserves are overcollateralized and covered by extremely liquid assets."
OthersTether, which is the largest stablecoin issuer by market capitalization, added its offshore Chinese Yuan (CNHT) to the Tron network.
OthersTether has stated that its secured loans are heavily collateralized, hitting back at WSJ.
BeincryptoNew CEO of FTX, made a formal declaration in the continuing Chapter 11 bankruptcy papers that showed additional financial theft by SBF.
The Crypto StarThis comes after the collapse of hedge fund Three Arrows Capital and crypto exchange FTX.
BeincryptoWith a peso-backed stablecoin, Tether is essentially “recreating the foreign exchange market with a Tether product,” Ardoino said.
CointelegraphFortress Loans was attacked by oracle machine manipulation, and 1,048.1 ETH and 400,000 DAI (total value of about $2.98 million) were stolen.
FtftxThe total USDC supply on Ethereum has surpassed that of Tether, making the USDT supply on Ethereum second for the first time.
CointelegraphPaolo Ardoino, chief technology officer, of Tether and Bitfinex, explains why USDT will retain its dominance in an increasingly competitive stablecoin market.
Cointelegraph