Tether Treasury's substantial transfer of USDT tokens to Bitfinex, valued at $229,956,875, has stirred interest within the crypto community. As the market reacts to Bitcoin's recent swings and Tether's significant move, the impact on overall market dynamics remains to be seen.
Cheng YuanA report by The Wall Street Journal reveals the alleged illicit acts of Bitfinex and Tether in 2018.
BitcoinistTether, which is the largest stablecoin issuer by market capitalization, added its offshore Chinese Yuan (CNHT) to the Tron network.
OthersThe order relates to a lawsuit that alleges unbacked USDT issuances have caused $1.4 trillion in damage to the market.
Others
Ledgerinsights
With a peso-backed stablecoin, Tether is essentially “recreating the foreign exchange market with a Tether product,” Ardoino said.
CointelegraphEstablished stablecoin trading pairs have struggled to keep stable at crypto exchanges around the world. Here are the updates as the situation evolves.
CointelegraphThe 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