News
Tether CEO Paolo Ardoino reportedly said a full audit is a “top priority” as the firm looks to enlist a Big Four accounting firm for the task following recent criticism.
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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.
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Stablecoins are seeing growing adoption among regulators and investors, which may signal that the current bull market is only “mid-cycle,” according to some analysts.
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Stablecoin volatility and the incoming FTX repayments may further limit Solana’s price action as traders await the outcome of a key technical chart pattern.
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Russian oil firms are using Bitcoin and USDt for trade with China and India despite global sanctions, according to Reuters.
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Circle’s USDC stablecoin accounted for Latin America’s biggest share of crypto purchases on the major local exchange Bitso in 2024.
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A crypto trader fell victim to a sandwich attack on March 12, losing over $215,000, and one industry pundit suspects they may have been attacked another five times on the same day.
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Thailand’s SEC had previously approved Bitcoin, Ether, XRP, XLM and certain tokens used for settlement by the central bank.
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US stablecoin policies may drive Bitcoin adoption and investment as regulators push to maintain the dollar’s dominance, benefiting BTC and institutional crypto growth.
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Crypto exchange Garantex halted trading and withdrawals after Tether froze about $27 million of its stablecoin USDT tied to the platform.
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The European Securities and Markets Authority confirmed that MiCA rules do not explicitly ban non-compliant stablecoin custody and transfers.
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Binance will delist nine stablecoins, including USDT and DAI, in Europe on March 31 to comply with MiCA regulations, while still allowing custody and conversions.
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A $1.4 billion Bybit hack, efforts to "Kill Tether" and a Bitcoin price crash headline a rough week for the crypto markets.
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Only the altcoins with potential ETF approvals and solid revenue-generation models will outperform the crypto market in 2025.
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Custodia Bank fought to service crypto firms under the previous administration but faced resistance from US regulators.
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The BofA stablecoin news triggered mixed reactions from the community. Many saw it as a good sign for crypto, while others called it “CBDCish.”
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