tether reserves – DIGIT INFO

Tether slams Deutsche Bank over suggestion its stablecoin could fail

DIGIT — Fri, 10 May 2024 01:58:03 +0000

Analysts at Deutsche Bank also argued Tether’s solvency status is “questionable” which the stablecoin firm said is “ironic” considering the bank’s own history with fines.

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Tether slashes commercial paper by 21% in latest reserves attestation

DIGIT — Wed, 23 Feb 2022 02:50:49 +0000

Tether’s cash and bank deposits also dropped 42% to 4.187 billion, while its allocation to money market funds increased 200% to $3 billion, and its treasury bills grew 77.6% to $34.52 billion.

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Mashinsky says USDT is minted for crypto as $1M bounty offered to unpick reserves

DIGIT — Wed, 20 Oct 2021 04:41:41 +0000

Hindenburg Research is offering a $1 million bounty for information on Tether’s reserves, with the firm stating that Tether is yet to disclose virtually anything “about its counterparties.”

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Bitcoin bulls at risk? Tether growth rate flatlines despite market cap crossing $64B

DIGIT — Wed, 18 Aug 2021 12:20:03 +0000

The market capitalization of the world’s largest stablecoin received a boost despite facing regulatory threats in the United States.

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Bitfinex and Tether Fined $18.5M in Settlement With NY Attorney General, Both Firms Barred From Trading in the City

DIGIT — Wed, 24 Feb 2021 03:00:50 +0000

Bitfinex and Tether have been banned from operating in New York and must pay a fine of $18.5 million as part of a settlement with the New York Attorney General’s (NYAG’s) office over a case dating back to 2019. In a statement on Tuesday, NY Attorney General Letitia James accused the two entities of hiding […]

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Bitfinex Executives Deny Allegations of Issuing USDT to Pump BTC – “Tether Backed by Cash Assets and a Loan”

DIGIT — Wed, 13 Jan 2021 20:30:03 +0000

Bitfinex general counsel Stuart Hoegner has dismissed the notion that only 74% of the tether stablecoin in circulation is fully backed. Hoegner insists the stablecoin is fully backed by assets that include cash, cash equivalents as well as bitcoin. However, both Hoegner and the company’s CTO Paolo Ardoino, are pushing back against the narrative that […]

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