Tag: USDT

Tether Continues to Issue New USDT at an Alarming Rate No Comments

Tether is one of the companies causing some drama in the cryptocurrency world right now. The company has issued around 50 million USDT this week alone. All of this money is used to push up prices of different cryptocurrencies on Bitfinex, by the look of things. It is evident this is causing some problems for a lot of people. Whether or not these concerns are justified, remains to be determined. ...


Tether Issued Another 20 Million USDT Tokens as Bitcoin Price Showed Signs of Weakness No Comments

Tether is one of the most remarkable companies in the cryptocurrency space so far. Their business model revolves around issuing digital tokens pegged to fiat currency. Especially the USDT token is often used on cryptocurrency exchanges. Big was people's surprise when the company introduced another 20 million USDT out of the blue. This move coincides with the Bitcoin price retracing over the past t...


Apple App Store Removed The Tether App Without Further Explanation No Comments

The past few weeks have been quite problematic for the Tether project. Pegging digital currencies to a fixed US Dollar rate has proven to be quite challenging. Things only get worse when your banking partners no longer process transactions. It now turns out the Apple App store removed the platform's application briefly as well. Tether Continues The Uphill Battle Tether is starting to face a lot ...


NewsBTC USDT USD Tether

Converting USDT to USD Is Subject to a 7% Premium Due to Tether’s Banking Woes No Comments

A lot of cryptocurrency enthusiasts will be aware of the problems faced by Tether. The company provides digital tokens linked to their native fiat currency value. However, it appears this peg is no longer being maintained, at least where Tether USD - or USDT - is concerned. That is not a positive development by any means, as this situation needs to be addressed sooner rather than later. Tether Ca...


NewsBTC Tether Discrepancy

Tether.to Balance Sheet Unveils Large Discrepancy Between USDT and USD Reserves No Comments

Tether.to is a custodian service, priding itself upon being transparent at all times. To achieve this goal, the company makes their reserves balance sheet publicly available. It appears there is some cause for concern, though. Right now, there is a near-million dollar discrepancy between their fiat reserves and the number of tethers in circulation. A very unusual situation, that much is certain. ...


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