How Tether Can Be a More Stable Stablecoin
The crypto economy has suffered two major crypto failures this year: the collapse of Luna/TerraUSD in May and the failure of FTX in November. In both instances, the world's largest stablecoin, Tether, was caught in the blast radius as waves of redemptions poured into the company. It shrunk by $18 billion, or 21%, in May and June and by another $4 billion, or 6%, in November.
Tether, City of Lugano Announce Second Plan ₿ Forum in 2023
Tether, the company operating the blockchain-enabled platform tether.to that powers the first and most widely used stablecoin, and the Swiss city of Lugano announced today that the second annual Plan ₿ forum has been scheduled and will be held on Friday, October 20 through Saturday, October 21, 2023. The announcement comes just weeks after the conclusion of the massively successful, first-ever Plan ₿ forum, which attracted nearly 2,000 attendees.
Tether Addresses FUD Around Secured Loans, Reveals Plans to Reduce These to Zero in 2023
In addition to dismissing the recent cycle of Tether FUD that’s hitting the rumor mill, Tether is announcing starting from now, throughout 2023, it will reduce secured loans in Tether’s reserves to zero.
Tether vs Wall Street Journal. Goodbye Secured Loans!
After another critical article from the Wall Street Journal, Tether announced that it would get rid of “Secured loans” by the end of next year.
Analysis of On-Chain Stablecoin Data Reveals Decline in USDT Dominance
In 2019, Tether (USDT) had a global stablecoin dominance of 89%, but it has since fallen to just under 50%, according to on-chain data provided by Glassnode — analyzed by CryptoSlate.
Auditing Firm BDO Could Follow Mazars in Abandoning Crypto Clients
BDO could become the latest auditing firm to halt or limit services to crypto companies, based on reports from the Wall Street Journal on Dec. 16.
Tether To Eliminate Borrowing From Its Stablecoin Backing Fund
Tether Limited, issuer of Tether USD (USDT), plans to eliminate collateralized loans from its reserves.
The Stablecoin War Opens a New Bloody Chapter
Like a Hobbit sequel would, the stablecoin war is being fought by three entities: Tether holdings, Circle/Coinbase, and Binance, with their respective stablecoins USDT, USDC, and BUSD, all fiat-backed stablecoins.
Tether: Bloomberg’s Inexperienced Editorial Team Falls Victim to Short-Sellers
Tether restated that it had absolutely no credit towards FTX or Alameda Research. No special deal whatsoever was established between FTX/Alameda and Tether.
Gambling-Related USDT Funds Grow As 1k New Online Gambling Websites Use Tether
Deposits and withdrawals of USDT among gambling websites through crypto payment platforms are on the rise, according to a <a href="https://wublock.substack.com/p/research-how-usdt-is-used-in-online">report</a> from Wu Blockchain, authored by Bitrace.
