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

USDT Selling on Curve, Uniswap Spooks Traders Amid Bitcoin Drop

USDT holdings on Curve’s popular ‘3pool’ have risen to over 72% as of Thursday morning, suggesting a sudden disbalance.

• 2023-06-15
• tether USDC

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

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

Binance offloaded $140M in Bitcoin in the last 24 hours

The exchange also lost $32 million in Ethereum, $200 million in Binance USD and Tether, and $300 million in USD Coin.

• 2022-12-14
• Bitcoin Ethereum Tether