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On June 18, the website of the USDT stablecoin issuer was hit by a massive DDoS attack. The company’s technical director, Paolo Ardoino, said the attackers demanded a “ransom” from Tether. a/This
The total market cap of USDT stablecoins issued by Tether has dropped to $69.3 billion, last seen in October 2021. Before Terra’s collapse, the figure was $83.42 billion (as of May 1).
Tether has falsely rumored that USDT stablecoin reserves are backed by 85% with Chinese commercial papers trading at 30% discount. Tether Condemns False Rumors About Commercial Paper Holdings https://t.co/J2Oj4lTNPy — Tether (@tether_to)
Tether said that although the Celsius crypto lending platform is part of its investment portfolio, adverse events did not affect the financial stability of the USDT stablecoin issuer. Celsius Feels Impact of
Tether announced the launch of the USDT stablecoin on the Polygon second layer network. According to Alchemy, as of April 2022, more than 19,000 dapps are running on Polygon, six times the
Tether, the issuer of USDT, the largest stablecoin by capitalization, has launched the MXNT stablecoin pegged to the Mexican peso. Tether Launches MXN₮ Tether Tokens Pegged To Mexican Pesos 🇲🇽 Read the
The Guardian wrote that since the beginning of May, Tether Holdings Limited has purchased $10 billion worth of tokens from USDT holders. The publication states that users began to switch to fiat
In the first quarter of 2022, USDT stablecoin issuer Tether Holdings Limited reduced its reserves in commercial securities by 17%. By the end of the second quarter, the company plans to reduce
Most of the USDT collateral comes from US Treasuries. Citing Paolo Ardoino, the company’s technical director, Bloomberg wrote that over the past six months, the issuer of stablecoin Tether has reduced its
Against the backdrop of market turbulence, USDT stablecoin price tested the $0.94 level. The Tether issuer’s CTO, Paolo Ardoino, said the company’s reserves are sufficient to repurchase all assets at a 1:1
