Yuan-backed Stablecoin Quickly to be Issued by Tether

In accordance with the Chinese language media ChainNews, Tether has huge plans to issue a Chinese yuan-backed stablecoin. Zhao Dong, a big shareholder at Bitfinex, revealed to ChainNews that the brand new stablecoin will likely be issued within the very close to future. The stablecoin operator behind USDT goals for its new stablecoin to be…

Tether Whales Are Over 300 and They CAN Affect Bitcoin’s Worth

Earlier this week, Coin Metrics launched knowledge displaying that exactly 318 addresses hold at least $1 million in Tether. Which means that these 318 Tether whales maintain roughly 80% of your complete world Tether provide. Nic Carter, co-founder of Coin Metrics additionally talked about that very like different crypto whales, an excessive amount of the…

Whale Alert Revealed a Enormous Tether Mistake: What Actually Occurred

Errors are available in all shapes and varieties, however not a number of them are value 5 billion USDT tokens. In line with Whale Alert, Tether minted and later burned 5 billion USDT tokens. Because of Whale Alert, this “small” mistake rapidly unfold like wildfire. Initially, Whale Alert was designed to assist traders by reporting…

Tether Launches Stablecoin on EOS Blockchain

Tether has introduced that will probably be issuing its USDT stablecoin on the EOS blockchain in partnership with Block.one Tether Provides EOS to Ethereum and TRON Launch In a press statement issued on its web site, Tether introduced that EOS is the subsequent blockchain to host the USDT stablecoin following related launches on Ethereum and…

Op Ed: A Abstract of  NYAG vs. Bitfinex/Tether

Within the newest on the continuing authorized dispute between the New York Legal professional Basic (NYAG), cryptocurrency trade Bitfinex and stablecoin issuer Tether, the New York Supreme Court docket has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to proceed utilizing the Tether reserves that have been loaned to it to…

Tether Updates Web site, Says USDT Backed by “Reserves,” Not Simply Money

Tether simply up to date its web site to make clear that every of its USDT tokens, which it used to claim had been “at all times backed 1-to-1 with conventional foreign money,” are backed by property aside from fiat foreign money. Now, the web site as a substitute reassures its patrons that it’s at…