Tether (USDT) | ForkLog

ForkLog 23 26.10.2021

Tether to test digital identity service to meet FATF standards

The issuer of the stablecoin USDT, Tether, announced testing of a digital identity solution from Notabene.

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ForkLog 21 20.10.2021

Hindenburg Research offers $1 million bounty for information on Tether’s collateral

Hindenburg Research, the investigative firm, has offered a $1 million reward for disclosure of previously unknown information about the collateral backing the stablecoin Tether (USDT).

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ForkLog 25 15.10.2021

CFTC orders Bitfinex and Tether to pay civil penalties totaling $42.5 million

The U.S. Commodity Futures Trading Commission (CFTC) settled claims against Tether and Bitfinex, ordering civil penalties totaling $42.5 million. The regulator reported this on its site.

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ForkLog 15 13.10.2021

IMF Warns of Contagion Risks to Global Finance From Stablecoins

Vulnerable to hacks, lacking transparency in issuance and distribution of tokens, and with potential outages due to the high volatility of cryptocurrencies, particularly stablecoins, they pose risks to the global economy. The IMF report notes these conclusions.

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ForkLog 29 07.10.2021

Bloomberg finds Chinese commercial paper in Tether’s reserves

The backing of the Tether (USDT) stablecoin includes short-term loans to major Chinese companies and loans to crypto-lending platforms such as Celsius Network, according to a Bloomberg investigation.

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ForkLog 19 30.09.2021

Court Rejects Half of Claims Against Tether and Bitfinex in $1.4 Trillion Class-Action

Judge Kathryn Polk Failla of the U.S. District Court for the Southern District of New York rejected half of the claims against Tether and Bitfinex in the class action, including all claims under the Racketeer Influenced and Corrupt Organizations Act (RICO).

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ForkLog 39 02.09.2021

Bloomberg Strategist: Rising USDT Transactions Boost the Dollar’s Value

Dollar-pegged stablecoins boost the value of the U.S. dollar, according to Bloomberg Intelligence senior commodities strategist Mike McGlone.

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ForkLog 15 31.08.2021

Tether issuer seeks court injunction to bar disclosure of USDT reserve data

The parent company of the Bitfinex crypto exchange and the issuer of the Tether stablecoins, iFinex, has asked the New York Supreme Court to bar media and other organisations from seeking data on the state and structure of USDT reserves over the past several years.

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ForkLog 26 27.08.2021

Ontario regulators bar regulated crypto exchanges from trading Tether

Ontario Securities Commission (OSC) has barred two regulated cryptocurrency exchanges—Wealthsimple and Coinberry—from dealing with the stablecoin Tether (USDT). The Block reports, citing the firms.

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ForkLog 17 13.08.2021

Media: Alameda Research and Cumberland Take the Lion’s Share of USDT Issuance

More than two-thirds of the total USDT supply issued by Tether was purchased by two cryptocurrency firms — Alameda Research and Cumberland Global. According to the Protos portal, citing its own sources.

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ForkLog 39 09.08.2021

Report: Nearly 50% of USDT backing by Tether consists of commercial paper

As of July 30, 2021, the stablecoin USDT was 100% backed by reserves of Tether Holdings Limited, Moore Cayman confirmed in a new report.

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ForkLog 19 28.07.2021

Chatex P2P Exchange Adds Tether Support on the TRON Blockchain

The Chatex service for exchanging and storing cryptocurrencies has added support for the Tether (USDT) stablecoin on the TRON blockchain. This was reported on the project site.

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