Tether (USDT) is a stablecoin that is referencing (pegged to) the US dollar. USDT is classified as a centralized stablecoin, backed U.S. dollar deposits, short-term U.S Treasuries, cash equivalents and other Tether's reserves.
USDT
Tether (USDT) is a stablecoin that is referencing (pegged to) the US dollar. USDT is classified as a centralized stablecoin, backed U.S. dollar deposits, short-term U.S Treasuries, cash equivalents and other Tether's reserves.
The Wall Street Journal accuses Tether of shady transactions and forgery of documents, referring to emails made available to journalists. Tether refutes the information.
The WSJ released a report earlier in March accusing Tether of shady dealings, citing emails and records from 2018. In response to the WSJ's allegations, Tether published an official statement on their website.
The WSJ released a report earlier in March accusing Tether of shady dealings, citing emails and records from 2018. In response to the WSJ's allegations, Tether published an official statement on their website.
The Wall Street Journal accuses Tether of shady transactions and forgery of documents, referring to emails made available to journalists. Tether refutes the information.
The European Union's upcoming MiCA Regulation is set to impose strict requirements on stablecoins, and issuers will be required to meet a range of criteria to ensure compliance. MiCA has two categories for stablecoins, so close in their definitions, that distinctions are difficult to spot.
The Wall Street Journal published an article on February 10, according to which a large Wall Street firm, Cantor Fitzgerald, will manage the reserves of Tether invested in US T-bills.
On February 9, 2023, Tether shared with its users the fourth quarterly report for 2022. By the end of 2022, Tether completely disposed of commercial paper in reserves, reduced secured loans by $300 million, and received more than $700 million in profits for the last quarter.
