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Automatic conversion of Binance USDC, USDP and TUSD in user balances to BUSD at a ratio of 1:1 will result in a decrease in USDT’s market share. Evgeny Gaevoy, CEO and founder
Analysts at Arcane Research have predicted continued growth in the capitalization of USDC from Circle and further decline in market share of USDT from Tether, the largest stablecoin available. We are confident
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 has launched the USDT stablecoin on the Tezos blockchain platform. This is the twelfth network this asset is available on, project representatives told ForkLog. “We are excited to launch USDT on
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
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
