SBF’s Alameda minted $38B USDT to profit off arbitrage trading: Coinbase director
Coinbase director Conor Grogan has flagged on chain data that highlights massive USDT mints ordered by Sam Bankman-Fried’s Alameda Research in 2021. Go to Source
Tether
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Tether treasury receives two $50M USDT lump sums from Bitfinex
Two transactions showed lump sums of $50 million in USDT transferred from Bitfinex to the Tether treasury only a few minutes apart. Go to Source
Binance urges users to convert euros to USDT after Paysafe debank
Binance’s European debanking woes continue as it urges Paysafe users to convert their euros to digital dollars. Go to Source
Tether reportedly shuts USDT redemption for some Singapore customer groups
Tether in its email said they found Cake DeFi to be controlled by “another corporation that resides in Singapore,” and thus they won’t be allowed to redeem USDT. Go to Source
Tether acquires stake in Bitcoin miner Northern Data, hinting at AI collaboration
The strategic investment into Northern Data through Tether group company Damoon may involve collaborations leveraging AI, P2P communications, and data storage solutions. Go to Source
Tether 2023 stablecoin loans rise despite size-down announcement in 2022
Tether said the new loans were made on request of some of their long-standing partners and they plan to cut it down to zero by 2024. Go to Source
How big is Bitcoin in Lugano? Decentralize with Cointelegraph goes to BTC school
Adam Back, Paolo Ardoino and enthusiastic students from all over the world share insights on Bitcoin school as well as crypto adoption in Switzerland. Go to Source
Tether authorizes $1B USDT to ‘replenish’ Tron network
Blockchain trackers flag $1 billion “authorised but not issued” USDT mint at Tether’s Treasury, CTO Paolo Ardoino clarifies holdings will be used for ongoing TRON issuance requests and chain swaps. Go to Source
Stablecoin de-pegging plagued USDC and DAI more than others: Analysts
Stablecoins from Circle and MakerDAO have been more unstable than those from Tether and Binance over the past couple of years, according to a new report from S&P Global. Go to Source
Tether’s Ardoino says it’s now one of top buyers of US Treasury bills, holds $72.5B
The amount of exposure places Tether in the top 22 biggest holders of US Treasury bills, ranking above countries like Spain, Mexico, Australia and the United Arab Emirates. Go to Source
