Biggest Crypto Stablecoin Tether Was Once Backed by Chinese Securities

(Bloomberg) -- Tether Holdings Ltd. once counted securities issued by Chinese companies among the reserves backing its USDT stablecoin, the world’s largest, documents released by New York’s Attorney General show. Most Read from BloombergA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementAfrica’s Richest City Is Crumbling Under Chaos and CorruptionSocial Security Benefits Targeted for Cuts by House ConservativesAlphabet Selling Google Domains Assets to SquarespaceCrispin Ode

• 2023-06-16
• Tether Chinese companies commercial paper Bloomberg

Stablecoin Issuer Tether Invests in Bitcoin Mining Project in El Salvador

Stablecoin issuer Tether has joined a green energy project in El Salvador that aims to invest $1 billion in building a 241 MW generation park called "Volcano Energy" in Metapán.

• 2023-06-06
• El Salvador Bitcoin Mining Tether Volcano Energy

Atomic Wallet Users Hacked for $35M Worth of Bitcoin, Ether, Tether and Other Tokens

Atomic Wallet said Monday that “less than 1%” of its monthly active users were impacted in the weekend breach.

• 2023-06-05
• Atomic Wallet tether centralized storage

Tether stablecoin issuer taps Uruguay for Bitcoin mining using renewable energy

Tether, the issuer of the world’s most traded stablecoin, will invest in power generation and Bitcoin mining in Uruguay to tap the country’s renewable energy resources, the company said on Tuesday.

• 2023-05-31
• renewable energy resources Bitcoin mining Tether Uruguay

Tether to Start Mining Bitcoin in Uruguay

Tether, the issuer of the largest stablecoin in the market, USDT, has announced its entry into the energy sector with a focus on renewable energy production for Bitcoin mining.

• 2023-05-31
• Bitcoin mining Tether renewable energy production Uruguay Bitcoin

This Week in Coins: Bitcoin and Ethereum See Fourth Flat Week as TRON and Tether Surge

Republican presidential hopeful Ron DeSantis touched on cryptocurrencies in his Twitter Space with Elon Musk.

• 2023-05-28
• TRON Ethereum Tether

Millions Worth of Bitcoin and Tether Used to Pay Chinese Companies Involved in Fentanyl Crisis, Says Elliptic

A chemicals supplier in China said the business’s Mexico-based clients “always use USDT or Bitcoin to pay.”

• 2023-05-24
• Tether Fentanyl drug overdose deaths regulatory compliance Bitcoin

First Mover Asia: Biden’s Tough Talk, Tether’s Bitcoin Bet Not Moving Crypto

PLUS: We really need to see the Hinman emails.

• 2023-05-18
• debt ceiling William Hinman the SEC government debt Tether Luca Netz

Tether to Put 15% of Realized Profits Into Bitcoin

In a new investment strategy, Tether, the stablecoin issuer, announced on Wednesday that it will begin regularly purchasing bitcoin (BTC) using a portion of its profits.

• 2023-05-18
• investment strategy investment profits Tether

Tether to Spend Millions on Bitcoin to Diversify USDT Reserves

Tether, the issuer of the USDT stablecoin, said it will allocate 15% of its profit to regularly purchase Bitcoin to diversify reserves backing USDT.

• 2023-05-18
• Tether Bitcoin cryptocurrency

Tether to Buy More Bitcoin for Stablecoin Reserves

The crypto company is adding to the more than $1.5 billion of bitcoin already backing its dollar-pegged token

• 2023-05-18
• Tether market cap excess reserves

Tether Reports $1.48 Billion Profit in Q1, Discloses Bitcoin and Gold Reserves

Tether, the issuer of the USDT stablecoin, reported a profit of $1.48 billion in the first quarter of 2023, according to its latest assurance report.

• 2023-05-11
• Gold Reserves Tether

Bitcoin-Tether Pair Is Most Liquid on Binance Even as TUSD Pair Sees Higher Volume

Trading volumes in the BTC/TUSD pair have surged over the past four weeks after the crypto exchange introduced zero trading fees for it.

• 2023-04-25
• TUSD Market depth tether

Crypto Companies Behind Tether Used Falsified Documents and Shell Companies to Get Bank Accounts

Tether Holdings and a related crypto broker used “cat and mouse tricks” to obscure identities, documents show.

• 2023-03-04
• bank accounts shell companies documents show banking system tether Stephen Moore Justice Department bank account The Wall Street Journal

Crypto Crisis: The Latest on Binance USD, Tether and Bitcoin Prices

Here's our latest coverage of the cryptocurrency industry, as it weathers the fallout from the collapse of FTX. + **Crypto firms’ in-house tokens**, such as the FTT coin that helped power FTX's rise, [are under more scrutiny](https://www.wsj.com/articles/crypto-firms-in-house-tokens-are-coming-under-more-scrutiny-8285e187). + The SEC plans to sue **Paxos Trust** [for violating investor-protection laws](https://www.wsj.com/articles/crypto-firm-paxos-to-stop-issuing-dollar-pegged-binance-token-94f

• 2023-02-13

Crypto Crisis: The Latest on FTX, Kraken, Coinbase, Tether and Bitcoin Prices

Here's our latest coverage of the cryptocurrency industry as it weathers the fallout from the collapse of FTX. + **Crypto exchange Kraken** will stop offering crypto "[staking](https://www.wsj.com/articles/ethers-new-staking-model-could-draw-sec-attention-11663266224)" products as part of a [settlement with the SEC](https://www.wsj.com/articles/crypto-exchange-kraken-agrees-to-settle-sec-probe-over-staking-business-11675974055?mod=livecoverage_web). + **Coinbase**'s stock fell after CEO Brian Ar

• 2023-02-10

Crypto Crisis: The Latest on Bitcoin Prices, Tether and More

Here's our latest coverage of the cryptocurrency industry as it weathers the fallout from the collapse of Sam Bankman-Fried's FTX. + A trader faces fraud charges over [an alleged $110 million scheme](https://www.wsj.com/articles/trader-is-charged-in-alleged-110-million-crypto-manipulation-scheme-11675378743) to manipulate trading on the decentralized crypto exchange Mango Markets. + The Wall Street Journal takes a close look at the [unusual crew behind tether](https://www.wsj.com/articles/tether

• 2023-02-03
• fraud charges

Crypto.com Delists Tether’s USDT Stablecoin for Canadian Users

Crypto.com, one of the world’s top exchanges by volume, will delist Tether’s dollar-linked stablecoin, USDT, from its trading platform for users in Canada, according to an email sent by the firm to customers.

• 2023-01-11

CFTC considers Bitcoin, Ethereum, Tether to be commodities

CFTC wrote that these digital assets are commodities because they meet the definition of the term as defined by the U.S. Constitution.

• 2022-12-15
• Ethereum U.S. Regulation

Rising Tether Loans Add Risk to Stablecoin, Crypto World

Tether reports hadn’t disclosed that loans it issues are denominated and payable in the token. The rise in Tether’s lending add risk to the crypto world.

• 2022-12-01