Tether just updated its website to clarify that each of its USDT stablecoin tokens, which it used to claim were “always backed 1-to-1 with traditional currency,” are backed by assets other than fiat currency.
Last month's attack on Tether contains a cautionary tale: Only those coins that can survive such attacks have the slightest chance of becoming the “holy grail" of stablecoins.
A new report examines the growth of the stablecoin trend, the differences between the growing number of stablecoins in circulation, and whether they truly work to lower volatility in the market.
Two crypto companies, Gemina Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U.S. dollar.
According to Tether CEO Jan Ludovicus van der Velde, the amount confirmed by Freeh Sporkin & Sullivan is equal to the $2.54 billion in coins Tether claims to have in circulation.
The Twitter account of “Bitfinex’ed,” the pseudonymous online critic of the world’s largest Bitcoin and cryptocurrency exchange, was suspended today. The blogger says his...
