Tether


Markets

Tether's USDT Stablecoin Touches $100B Market Cap, Benefiting From Crypto Trading Frenzy

Despite years-long scrutiny over Tether's stability, USDT saw a rapid resurgence in 2023 benefiting from its close competitors' troubles.

Tether CEO Paolo Ardoino (Tether)

Policy

Wall Street Journal Accused of Defamation Over 2023 Tether-Bitfinex Article

Christopher Harborne and his aviation fuel broker AML Global were wrongly accused of "committing fraud, laundering money, and financing terrorists," according to the lawsuit.

(Sasun Bughdaryan/Unsplash)

Markets

Stablecoin Market Cap Hits $140B, Highest Since 2022 Amid USDC Resurgence, Tether Growth

Stablecoin supply is a "thermometer" for money flows entering the crypto market, one analyst noted.

Stablecoin market capitalization (K33 Research)

Opinion

Why Circle's USDC Is Quitting the TRON Network

It could be part of a long-time realignment separating compliant and gray-market crypto, says Daniel Kuhn.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Policy

U.S. Regulators Do Have Some Control Over Stablecoin Tether: JPMorgan

USDT's appeal relative to other stablecoins will likely diminish as regulations will require more transparency and compliance with new anti-money laundering standards, the report said.

Tether consolidated reserves Q4 2023 (Tether)

Markets

Diversifying Stability: Stablecoins Finding Home Beyond the Greenback

Following the success of Tether and USDC, a generation of stablecoins are offering new features for investors and holders, says Scott Sunshine, Managing Partner of Blue Dot Advisors.

(Tbel Abuseridze/Unsplash)

Markets

Stablecoin Tether’s Increasing Dominance Is Bad for Crypto Markets, JPMorgan Says

Other stablecoins such as USD Coin may benefit from the coming regulatory crackdown and gain market share, the report said.

(Nikhilesh De/CoinDesk)

Finance

Tether Reports Record $2.85B Profit as Biggest Stablecoin Nears $100B Market Cap

The stablecoin issuer held over $5.4 billion in excess reserves as of 2023 year-end, according to its latest attestation.

Tether CEO Paolo Ardoino (Tether)

Opinion

In Search of Financial Freedom: The Answer Lies With Bitcoin, Not Stablecoins

"It is not enough to swap one master for another, be it a government or a corporation," Montclair State University adjunct professor Burak Tamaç writes.

Many Turkish citizens are using stablecoins to protect their wealth amid inflation, Burak Tamaç writes. (Stefan Kostoski/Unsplashed, modified by CoinDesk)

Markets

Tether Reportedly Bought 8.9K Bitcoin for $380M, Remaining 11th-Largest BTC Holder

The stablecoin issuer announced in May 2023 that it would start buying bitcoin in an effort to diversify the backing of its USDT stablecoin.

(Nikhilesh De/CoinDesk)