Tether discloses its reserves amid de-peg gossip The collapse of Terra and its stablecoin UST, which happened a little over a week ago, caused real panic in the stablecoin segment. Some of them, like USDC
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$7 billion has been removed from USDT as investors fear that Tether may go the way of UST As reported by CNBC, the supply of USDT stablecoins issued by Tether has fallen from $83 billion
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Tether is being pushed down heavily as the panic on the crypto market aggravates Following the turmoil in the cryptocurrency market and the de-peg of the UST stablecoin – which caused most digital assets to
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Tether’s chief technology officer, Paolo Ardoino, said the company will reduce its commercial debt holdings, speaking to CNBC on April 13 at the Paris Blockchain Week Summit. The world’s largest stablecoin is currently backed by
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This week there’s been a lot of talk about Terra’s Luna Foundation purchasing bitcoin to hold in its reserves pool. Onchain data shows the organization’s wallet has transferred at least three tranches of tether worth
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After Ukraine’s central bank imposed a limit on cash withdrawals, Kuna, a cryptocurrency exchange that provides trades in ruble and hryvnia saw a notable surge in volume. Moreover, to this day, crypto-assets being swapped on
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As the market capitalization of the stablecoin tether nears $80 billion, with its current $77.9 billion valuation, data from onchain researchers at Santiment indicates that tether addresses valued at $1 million own more than 80%
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Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of the value in the fiat-pegged
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While reserve-backed crypto assets and stablecoin market valuations increased a great deal during the last year, gold-backed cryptocurrencies have also seen their market caps swell. Between the tokens tether gold and pax gold, the market
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The historic USDC/USDT reversal was spotted yesterday by Nansen’s analytical tools Tether Limited's U.S. Dollar Tether (USDT), the largest stablecoin in the Web3 segment, has been dethroned by its major competitor on Ethereum (ETH). Flippening confirmed: there
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