Tether

Tether reports $2.85B net profit for Q4 2023

Stablecoin issuer Tether revealed a record-breaking net profit of $2.85B in its attestation report for the fourth quarter of 2023.

Tether mints $1B USDT on Christmas

Stablecoin issuer Tether minted $1B worth of USDT tokens for inventory replenishment on the Ethereum network on December 25.

OKX to delist 26 spot trading pairs

OKX has announced its plans to remove 26 spot trading pairs from its platform by November 10, citing that the flagged trading pairs no longer meet its listing criteria.

Tether grants $610M debt financing to Northern Data

Stablecoin issuer Tether has offered $610M worth of debt facility to Northern Data, a Bitcoin mining firm.

Binance re-enables deposit and withdrawal services for Euro

Crypto exchange Binance has restored deposit and withdrawal facilities for the Euro by teaming up with new fiat partners.

Tether names Paolo Ardoino as the new CEO

Stablecoin issuer Tether has undergone a change in leadership with the appointment of Paolo Ardoino as its new CEO.

Binance.US partners with MoonPay to add new USD on-ramp service

Binance.US has added support for MoonPay to allow users to fund their Tether balance with USD holdings.

Stablecoin issuer Tether aims to deploy USDT on Kava

Stablecoin issuer Tether will launch USDT on Kava, a layer-1 network, to increase its presence on multiple blockchains.

USDT loses peg following massive sell-off on Curve 3Pool

Tether lost its 1:1 peg to the US Dollar as traders swapped millions of USDT tokens for other stablecoins on Curve 3Pool.

Tether mints $1B USDT for future issuance on Ethereum

Stablecoin issuer Tether minted $1B worth of USDT tokens at Tether Treasury to meet future demands on the Ethereum network.

Binance.US delists advanced trading pairs for BTC and BUSD

Binance.US announced its plans to delist ten BTC and BUSD advanced trading pairs after the SEC pressed charges against its parent company.

Tether to commence Bitcoin mining operations in Uruguay

Stablecoin issuer Tether announced its plans to mine Bitcoin using renewable energy in Uruguay.

Bug renders assets inaccessible for Polygon Aave V2 lending pool users

The execution of a recent proposal gave rise to a bug that prevents Polygon Aave V2 lending pool users from accessing their stablecoin and wrapped crypto assets.

Tether aims to diversify its reserves portfolio by investing in Bitcoin

Stablecoin issuer Tether announced its plans to strengthen its reserves by using a fraction of the firm's realized profits to purchase Bitcoin.

OKX sends $57M worth of USDT and MASK tokens to Alameda Research

OKX transferred over $57M worth of assets to crypto wallets controlled by the Alameda Research-FTX bankruptcy estate.

Tether denies exposure to Signature Bank

Tether CTO Paolo Ardoino denied exposure to Signature Bank following reports about the stablecoin issuer using the now-defunct bank to gain access to the US banking system. 

Aave community considers expansion to Starknet and BNB Chain

The Aave community intends to approve two proposals on deploying Version 3 of the Aave protocol on Binance’s BNB Chain and Starknet, a zk-rollup.

Tether CTO expects $700M profit by the end of Q1 2023

Tether CTO Paolo Ardoino expects the firm’s profits for the first quarter of 2023 to hit $700M. He also revealed that Tether currently holds $1.7B in excess reserves.

FTX wallets transfer $145M in stablecoins to crypto exchanges

Three crypto wallets belonging to FTX and Alameda Research have transferred $145M worth of Tether and USD Coin tokens to crypto exchanges.

Aave sets stablecoins’ LTV to zero on Avalanche V3

Aave has set the LTV of certain stablecoins on Avalanche V3 to zero to reduce the volatility risks caused by USDC’s price drop.

CFTC Chair asserts Ethereum and Stablecoins are commodities

CFTC Chair Rostin Behnam said Ethereum and stablecoins are commodities during Wednesday's Senate Agricultural court hearing.

OKX confiscates 2M USDT from accounts suspected of market manipulation

OKX has seized 2M USDT from five suspicious accounts that allegedly manipulated the price of Celestial tokens.

BDO Italia reports Tether’s assets exceed its liabilities

BDO Italia reported that stablecoin issuer Tether ended 2022 with $67B in consolidated assets and $960M in excess reserves.

Tether CTO denies allegations of borrowing from Celsius

Paolo Ardoino, the Chief Technology Officer of Tether, denied reports about Tether receiving loans from Celsius. 

Crypto.com To Delist USDT For Canadian Users In Compliance With OSC’s Instructions

Crypto.com announced its plans to delist Tether (USDT) and suspend Tether-related transactions for its Canadian user base on January 31, 2023.

Juno Advises Users To Withdraw Assets Following Issues With Custodian

Juno has asked clients to withdraw their assets from its platform after facing issues with its current custody partner, Wyre.

OKX Releases Second Proof-Of-Reserves Report

OKX published its second Proof-of-Reserves report to continue providing transparency to its users.

Paxful Delists Ethereum From Platform Due To “Integrity” Issues

Paxful removed Ethereum from its platform due to integrity issues caused by Ethereum's transition to a Proof-of-Stake model.

CFTC Declares Bitcoin, Ethereum And Tether As Commodities

The Commodity Futures Trading Commission labeled Bitcoin, Ethereum and Tether as commodities in its lawsuit against FTX and Alameda Research.

Tether Plans To Reduce Secured Loans To Zero In 2023

Tether announced its plans to remove secured loans in 2023 in response to widespread concern about the stablecoin issuer’s growing number of loans.

Coinbase Encourages Users To Switch To USDC By Waiving USDT To USDC Conversion Fees

Coinbase asked clients to switch to USDC by introducing zero-fee Tether (USDT) to USD Coin (USDC) conversion.

Alameda Research Withdrew $204M From FTX US Before Filing For Bankruptcy

Arkham Intelligence reported Alameda Research pulled out crypto assets worth $204M from FTX US before filing for Chapter 11 bankruptcy on November 11.

Bybit To Aid Institutional Traders By Launching $100M Support Fund

Bybit announced its plans to launch a $100M support fund to help institutional traders and market makers brave the current market conditions.

Tether Freezes FTX’s $46M Worth Of USDT Assets

Tether has frozen FTX’s USD Tether (USDT) balance following instructions from law enforcement authorities. 

Decline in Stablecoins’ Market Cap: Here’s What We Know

Several stablecoins have recently seen their market capitalization drop by a few billion. This may be due to various factors. But here’s what we know about the downtrend.

Binance’s Stablecoin Hits All-Time High Market Share Of 15.48%

BUSD's stablecoin market share increased to its highest level at 15.48%. The token's market capitalization also grew by 22.88% within the past 2 months.

Coinbase Adds Zero-Commission USDC Trading Outside The US

Coinbase implemented a commission-free USDC trading service for non-USD currencies to encourage wider adoption of USDC.

DeFi Lender Euler Finance Set to Start Accepting USDT as Collateral

Euler Finance will now be accepting USDT as collateral for loans. The proposal, supported by 88% of the voters, has made Euler the largest Ethereum-driven lending protocol that allows users to take loans with USDT.

Court Orders Stablecoin Issuer Tether To Prove USDT Backing

US Judge has ordered Tether to provide financial records on the backing of USDT as part of a bitcoin inflation conspiracy case. The Judge also dismissed Tether’s motion to block the release as the information is vital.

New YouHodler’s “Dual Assets” - For Easy and Simple Staking

YouHodler recently launched Dual Assets, a DeFi product that combines high-yielding DeFi techniques with the simplistic nature of TradFi platforms. Dual Assets promises better risk management and higher returns.

Compound Launches New Version 3 Protocol Upgrade

The DeFi platform released a streamlined protocol version that enhances security, capital efficiency, and user experience. This upgrade eliminates complexity while ensuring that Compound remains an effective tool for DeFi borrowers.

Tether Maintains Position On Leaving Tornado Cash Addresses Unfrozen

Many crypto platforms have recently been coming down on Tornado Cash users; however, Tether remains unmoved despite the pressure.

Latest News

Tether names Paolo Ardoino as the new CEO

Stablecoin issuer Tether has undergone a change in leadership with the appointment of Paolo Ardoino as its new CEO.

Binance.US partners with MoonPay to add new USD on-ramp service

Binance.US has added support for MoonPay to allow users to fund their Tether balance with USD holdings.

Stablecoin issuer Tether aims to deploy USDT on Kava

Stablecoin issuer Tether will launch USDT on Kava, a layer-1 network, to increase its presence on multiple blockchains.

USDT loses peg following massive sell-off on Curve 3Pool

Tether lost its 1:1 peg to the US Dollar as traders swapped millions of USDT tokens for other stablecoins on Curve 3Pool.

Tether mints $1B USDT for future issuance on Ethereum

Stablecoin issuer Tether minted $1B worth of USDT tokens at Tether Treasury to meet future demands on the Ethereum network.

Binance.US delists advanced trading pairs for BTC and BUSD

Binance.US announced its plans to delist ten BTC and BUSD advanced trading pairs after the SEC pressed charges against its parent company.

Tether to commence Bitcoin mining operations in Uruguay

Stablecoin issuer Tether announced its plans to mine Bitcoin using renewable energy in Uruguay.

Bug renders assets inaccessible for Polygon Aave V2 lending pool users

The execution of a recent proposal gave rise to a bug that prevents Polygon Aave V2 lending pool users from accessing their stablecoin and wrapped crypto assets.

Tether aims to diversify its reserves portfolio by investing in Bitcoin

Stablecoin issuer Tether announced its plans to strengthen its reserves by using a fraction of the firm's realized profits to purchase Bitcoin.

OKX sends $57M worth of USDT and MASK tokens to Alameda Research

OKX transferred over $57M worth of assets to crypto wallets controlled by the Alameda Research-FTX bankruptcy estate.

Tether denies exposure to Signature Bank

Tether CTO Paolo Ardoino denied exposure to Signature Bank following reports about the stablecoin issuer using the now-defunct bank to gain access to the US banking system. 

Aave community considers expansion to Starknet and BNB Chain

The Aave community intends to approve two proposals on deploying Version 3 of the Aave protocol on Binance’s BNB Chain and Starknet, a zk-rollup.

Tether CTO expects $700M profit by the end of Q1 2023

Tether CTO Paolo Ardoino expects the firm’s profits for the first quarter of 2023 to hit $700M. He also revealed that Tether currently holds $1.7B in excess reserves.

FTX wallets transfer $145M in stablecoins to crypto exchanges

Three crypto wallets belonging to FTX and Alameda Research have transferred $145M worth of Tether and USD Coin tokens to crypto exchanges.

Aave sets stablecoins’ LTV to zero on Avalanche V3

Aave has set the LTV of certain stablecoins on Avalanche V3 to zero to reduce the volatility risks caused by USDC’s price drop.

CFTC Chair asserts Ethereum and Stablecoins are commodities

CFTC Chair Rostin Behnam said Ethereum and stablecoins are commodities during Wednesday's Senate Agricultural court hearing.

OKX confiscates 2M USDT from accounts suspected of market manipulation

OKX has seized 2M USDT from five suspicious accounts that allegedly manipulated the price of Celestial tokens.

BDO Italia reports Tether’s assets exceed its liabilities

BDO Italia reported that stablecoin issuer Tether ended 2022 with $67B in consolidated assets and $960M in excess reserves.

Tether CTO denies allegations of borrowing from Celsius

Paolo Ardoino, the Chief Technology Officer of Tether, denied reports about Tether receiving loans from Celsius. 

Crypto.com To Delist USDT For Canadian Users In Compliance With OSC’s Instructions

Crypto.com announced its plans to delist Tether (USDT) and suspend Tether-related transactions for its Canadian user base on January 31, 2023.

Juno Advises Users To Withdraw Assets Following Issues With Custodian

Juno has asked clients to withdraw their assets from its platform after facing issues with its current custody partner, Wyre.

OKX Releases Second Proof-Of-Reserves Report

OKX published its second Proof-of-Reserves report to continue providing transparency to its users.

Paxful Delists Ethereum From Platform Due To “Integrity” Issues

Paxful removed Ethereum from its platform due to integrity issues caused by Ethereum's transition to a Proof-of-Stake model.

CFTC Declares Bitcoin, Ethereum And Tether As Commodities

The Commodity Futures Trading Commission labeled Bitcoin, Ethereum and Tether as commodities in its lawsuit against FTX and Alameda Research.

Tether Plans To Reduce Secured Loans To Zero In 2023

Tether announced its plans to remove secured loans in 2023 in response to widespread concern about the stablecoin issuer’s growing number of loans.

Coinbase Encourages Users To Switch To USDC By Waiving USDT To USDC Conversion Fees

Coinbase asked clients to switch to USDC by introducing zero-fee Tether (USDT) to USD Coin (USDC) conversion.

Alameda Research Withdrew $204M From FTX US Before Filing For Bankruptcy

Arkham Intelligence reported Alameda Research pulled out crypto assets worth $204M from FTX US before filing for Chapter 11 bankruptcy on November 11.

Bybit To Aid Institutional Traders By Launching $100M Support Fund

Bybit announced its plans to launch a $100M support fund to help institutional traders and market makers brave the current market conditions.

Tether Freezes FTX’s $46M Worth Of USDT Assets

Tether has frozen FTX’s USD Tether (USDT) balance following instructions from law enforcement authorities. 

Decline in Stablecoins’ Market Cap: Here’s What We Know

Several stablecoins have recently seen their market capitalization drop by a few billion. This may be due to various factors. But here’s what we know about the downtrend.

Binance’s Stablecoin Hits All-Time High Market Share Of 15.48%

BUSD's stablecoin market share increased to its highest level at 15.48%. The token's market capitalization also grew by 22.88% within the past 2 months.

Coinbase Adds Zero-Commission USDC Trading Outside The US

Coinbase implemented a commission-free USDC trading service for non-USD currencies to encourage wider adoption of USDC.

DeFi Lender Euler Finance Set to Start Accepting USDT as Collateral

Euler Finance will now be accepting USDT as collateral for loans. The proposal, supported by 88% of the voters, has made Euler the largest Ethereum-driven lending protocol that allows users to take loans with USDT.

Court Orders Stablecoin Issuer Tether To Prove USDT Backing

US Judge has ordered Tether to provide financial records on the backing of USDT as part of a bitcoin inflation conspiracy case. The Judge also dismissed Tether’s motion to block the release as the information is vital.

New YouHodler’s “Dual Assets” - For Easy and Simple Staking

YouHodler recently launched Dual Assets, a DeFi product that combines high-yielding DeFi techniques with the simplistic nature of TradFi platforms. Dual Assets promises better risk management and higher returns.

Compound Launches New Version 3 Protocol Upgrade

The DeFi platform released a streamlined protocol version that enhances security, capital efficiency, and user experience. This upgrade eliminates complexity while ensuring that Compound remains an effective tool for DeFi borrowers.

Tether Maintains Position On Leaving Tornado Cash Addresses Unfrozen

Many crypto platforms have recently been coming down on Tornado Cash users; however, Tether remains unmoved despite the pressure.