Tether


Markets

First Mover Asia: How Traders Are Shorting Tether Stablecoins; Bitcoin Falls but Holds Above $20K

Hedge funds are increasingly betting against USDT in anticipation of it losing value amid concerns about the coin’s reserve backing and systemic risks; ether drops.

Hedge funds are increasingly betting against Tether. (Andreas Wagner/Unsplash)

Markets

Crypto Derivatives Exchange Bybit to Settle Options Contracts in USDC

The company will be using the second-largest stablecoin by market cap for its relative stability.

(Creative Commons, modified by CoinDesk)

Videos

Short Sellers Ramping Up Bets Against Tether Amid Market Meltdown

Institutional investors are increasingly shorting tether (USDT), the world’s largest stablecoin, amid a wider market sell-off and on the heels of TerraUSD (UST)’s collapse. “The Hash” hosts discuss why Wall Street could be betting big against tether and what this means for the industry.

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Markets

Crypto Hedge Funds, Traders Short Tether After UST’s Implosion: Report

The positions are worth at least “hundreds of millions” of dollars in notional value, one trader said.

(Chris Rogers/Getty Images)

Finance

Tether to Issue Sterling-Pegged Stablecoin, GBPT

The token will be pegged 1:1 to the British pound and will launch in July.

Bank of England (PeterRoe/Pixabay)

Videos

Tether Sees New Wave of Redemptions as Fear of Market Contagion Spreads

Investors pulled out about roughly $1.6 billion this week from Tether’s dollar-pegged USDT stablecoin, according to price tracker CoinGecko. “The Hash” group discusses the outlook for the stablecoin market after the Terra’s UST meltdown.

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Videos

Tether Denies Asian Commercial Paper Backing Claims, Exposure to Three Arrows Capital

Tether, the firm behind the crypto market’s largest stablecoin USDT, is denying claims that its commercial paper portfolio is 85% backed by Chinese or Asian commercial paper. “The Hash” discusses the latest developments, along with a vague tweet from the founder of Three Arrows Capital.

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Markets

Tether Sees New Wave of Redemptions as Fear of Market Contagion Spreads

Investors pulled out some $1.6 billion this week from USDT, the largest stablecoin by market capitalization, amid growing nervousness as cryptocurrency prices keep sliding.

Tether (USDT) saw $1.6 billion in redemptions in two days. (CoinMarketCap)

Finance

Tether Denies Claims of Asian Commercial Paper Backing, Exposure to Three Arrows Capital

Tether described certain rumors spreading to this effect as "completely false and likely spread to induce further panic."

(Shutterstock)