Tether


Policy

Tether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents

Obtained by CoinDesk under a Freedom of Information Law request, the documents offer a rare but limited window into the reserves behind USDT, the crypto market’s largest stablecoin.

(Shutterstock)

Videos

USDT Selling on Curve, Uniswap Spooks Traders Amid Bitcoin Drop

Millions worth of tether (USDT) stablecoins appeared to be selling off on popular Uniswap and Curve pools Thursday morning, sparking early signs of concern among traders. USDT, which usually trades around $1, lost its peg to the U.S. currency and dropped as low as $0.9968. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Videos

El Salvador's Volcano Energy Secures $1B in Commitments for 241 MW Bitcoin Mine

Volcano Energy announced $1 billion in commitments to build a 241 megawatt (MW) bitcoin mine in the Metapán region of El Salvador, according to a Monday press release on Twitter. "The Hash" panel discusses stablecoin issuer Tether's investment in the project and the state of bitcoin mining around the world.

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Tech

New Stablecoin Issuer Raft Is Eschewing Fiat for Its Financial Backing

Its R stablecoin is collateralized by one crypto asset: liquid staking leader Lido’s staked ether (stETH).

(Alfred Gescheidt/Getty Images)

Markets

Tether Market Cap Climbs to All-Time High of $83.2B, Even as Stablecoin Market Sinks

USDT has reached a $83.2 billion market capitalization, recovering all the losses since the implosion of blockchain project Terra more than a year ago.

USDT is the largest stablecoin by total supply. (DrawKit Illustrations/Unsplash)

Finance

USDT Issuer Tether Ventures Into Payment Processing With Georgia Investment

The stablecoin issuer announced earlier this week it is investing in a sustainable bitcoin mining facility in Uruguay.

(Nikhilesh De/CoinDesk)

Videos

Bitcoin Mining Difficulty Poised To Set New All-Time High This Week

The bitcoin mining difficulty, a measure of how easily miners can discover a block of bitcoin, is set to surpass the 50T mark on Wednesday, setting a new all-time high. Meantime, stablecoin issuer Tether has invested in an energy production and sustainable bitcoin mining facility in Uruguay. "The Hash" panel discusses their outlook for the bitcoin mining community.

Recent Videos

Finance

Stablecoin Issuer Tether Invests in Sustainable Bitcoin Mining in Uruguay

The company earlier this month announced plans to invest part of its profits in BTC purchases and infrastructure.

(Rachel Sun/CoinDesk)

Videos

Tether's USDT Trading Volume Falls to Lowest Level in Four Years: Kaiko

Crypto market research firm Kaiko is out with a new report, noting that trading with Tether’s USDT stablecoin has fallen to its lowest level in four years, while its market capitalization nears an all-time high of $83 billion. CoinDesk's Jenn Sanasie presents "The Chart of the Day."

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Markets

Tether Trading Volume Falls to Multi-Year Lows, Market Cap Rise Is ‘Questionable:’ Kaiko

Trading with Tether’s USDT stablecoin has fallen to its lowest level in four years, while its market capitalization nears an all-time high of $83 billion.

(Kaiko)