A new report by the Wall Street Journal brought to light some interesting facts and numbers related to the issuer of the world’s largest stablecoin.

Tether is committed to serving people in emerging markets globally.

According to the documents, Tether was built by the joint efforts of ex-plastic surgeon Giancarlo Devasini and former child actor and crypto entrepreneur Brock Pierce. In September 2014, Tether Holdings was incorporated in the British Virgin Islands.

Four men owned 86% of Tether as of 2018, according to investigatory documents viewed by the Wall Street Journal.

Stablecoin issuer Tether is pushing back against assertions that it borrowed funds from failed crypto lender Celsius. 

Tether’s (USDT) chief technology officer Paolo Ardoino has denied that the stablecoin issuer took a loan from Celsius in a Jan. 31 tweet. Ardoino responded to a Twitter thread on the Celsius examiner report that said that Tether, alongside Three Arrows Capital and Alameda Research, could exceed their credit limits with the bankrupt lender. The report claimed that the stablecoin issuer had over $2 billion in exposure to Celsius and was considered an “existential threat” to the lender’s financial health. It added that Celsius’ couldn’t survive a Tether default because its capital was insufficient. (cryptoslate)

Tether is first cryptocurrency to take a stand with INHOPE against CSAM.

Instead of desiring and aspiring to become a pure CBDC, Tether realizes that the future of USDt and XAUt are more and more directed towards supporting communities around the world that have been ignored and forgotten by the finance industry. Nothing else matters.

There has never been a time when Tether [USDT] wasn’t being discussed, either positively or negatively. Being the most valuable stablecoin in the world, this comes as no surprise. However, recent developments in Canada may put the stablecoin’s dominant position in jeopardy.

Cryptocurrency exchange Crypto.com will no longer facilitate transactions involving Tether in Canada and plans to delist the largest stablecoin by market capitalization for customers in the region.