Tether News

What is Tether? The Tether definition is fairly simple. Tether (USDT) is a stablecoin cryptocurrency, with each token aimed at tracking the value of 1 U.S. dollar. Assets pegged to the value of national currencies (fiat currencies) are called stablecoins. Participants can sell other cryptocurrencies for USDT to protect against volatility while maintaining the ability to send the asset to personal wallets or storage. Ethereum, as well as other blockchains, host USDT.  

Trading a Bitcoin/Tether, or BTC/USDT, pair is an option on some crypto exchanges or platforms. Cointelegraph’s Tether Price Index shows various data on the asset, including its market cap, along with its price, which should remain close in value to the U.S. dollar.

Market Analysis
Crypto traders flocked to the safety of stablecoins during Tuesday’s market crash.
Which stablecoins were actually ‘stable’ during this week’s sudden Bitcoin price crash?
Yashu Gola
The Massachusetts senator said that it’s “worth considering” banning U.S. banks from holding the reserves to back private stablecoins.
Sen. Elizabeth Warren calls crypto the ‘new shadow bank‘
Helen Partz
Altcoin Watch
Polygon's native asset, MATIC, tests its June resistance level near $1.51 for a bullish breakout setup.
Polygon eyes record high as MATIC's 150% price rally activates textbook bullish pattern
Yashu Gola
Altcoin Watch
The market capitalization of the world’s largest stablecoin received a boost despite facing regulatory threats in the United States.
Bitcoin bulls at risk? Tether growth rate flatlines despite market cap crossing $64B
Yashu Gola
The Coinbase website now states that USD Coin is “backed by fully reserved assets,” contrary to the now-removed claim of “backed by U.S. dollars in a bank accou...
Coinbase removes ‘backed by US dollars’ claim for USDC stablecoin
Erhan Kahraman
Tether Holdings has been disclosing its reserves and liabilities as part of a settlement with the New York Attorney General’s office in February 2021.
Tether claims to have increased total assets by $21B in new accounting review
Sam Bourgi
Former NFL team owner and alleged “shadow bank” operator Reggie Fowler is not engaged in any plea negotiations and the trial against him is set to begin early n...
2022 trial date set for Tether’s accused ‘shadow banker,’ Reggie Fowler
Brian Quarmby
Market Analysis
Securing a close above $40,000 will give bullish pro traders a sizeable advantage in Friday’s $625-million BTC options expiry.
Bitcoin bulls overtake the $40K barrier ahead of Friday’s $625M options expiry
Marcel Pechman

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