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USDT

Crypto News
April 13, 2021

USDT, USDC, and BUSD represent 93% of stablecoin market cap

Research from on-chain analytics provider Glassnode has revealed that the top three stablecoins represent more than 90% of the sector’s entire market cap. Glassnode’s April 13 “Week On-chain” report found that the top three stablecoins…

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Crypto News
April 7, 2021

Jeremy Allaire: 'USDC is halfway to flipping PayPal'

The co-founder and CEO of Circle, Jeremy Allaire, has made a bold prediction that the company-issued stablecoin is on track to surpass payments giant PayPal in terms of transacted dollar value. The comments came in…

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Crypto News
February 23, 2021

Tether to report reserves and pay $18.5M fine after settlement with NYAG

Bitfinex and Tether settled with the New York Attorney General office in the landmark case against Tether. New York authorities alleged that Tether misrepresented the degree to which Tether (USDT) coins were backed by fiat…

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Crypto News
January 11, 2021

Ethereum layer-two network to offer batched Tether payments

Popular stablecoin Tether (USDT) is the first token to go live on the Hermez layer-two network, the company announced on Monday. As part of the collaboration, batched USDT transactions will be possible once the Hermez…

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Crypto News
November 28, 2020

Tether's market cap is growing at a near-record pace

The market cap of Tether (USDT), a U.S. dollar-pegged stablecoin, has surged in recent weeks, potentially helping to fuel the recent Bitcoin (BTC) rally that drove prices to near all-time highs.  Paolo Ardoino, who serves…

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Crypto News
November 17, 2020

Cheese Bank's multi-million dollar hack explained by security firm

An Ethereum-based decentralized finance, or DeFi, platform known as Cheese Bank recently suffered a $3.3 million loss — the product of an early-November hack. The thieves utilized a somewhat newly-found weakness in the DeFi sector…

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Crypto News
November 14, 2020

Privacy should be at the core of CBDCs, says Boston Fed research director

Robert Bench, the Federal Reserve Bank of Boston’s director of applied research, thinks privacy should be a focus during the creation of digital money, not an afterthought.  “Privacy is a question that we have learned…

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Crypto News
November 11, 2020

Bitfinex to compete with DeFi with new borrowing service

Amid a year of significant growth for the decentralized finance space within the crypto industry, British Virgin Islands-based crypto exchange Bitfinex has unveiled its new lending service today, called Bitfinex Borrow.  “Bitfinex Borrow is a…

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Crypto News
November 9, 2020

DragonEx resumes withdrawals with a temporary internal token mechanism

Cryptocurrency exchange DragonEx is introducing a stopgap measure to reintroduce withdrawals after some problems last month.  According to an official announcement on Nov. 8, DragonEx is introducing a temporary solution to allow crypto withdrawals. The…

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Crypto News
November 6, 2020

Tether market cap surpasses $17 billion, fueling Bitcoin price rally

According to Tether’s official transparency data, the USDT market cap crossed a $17 billion mark for the first time, hitting over $17 billion in total assets. Tether’s market cap has been growing exponentially in 2020….

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