Tether Debate Heats Up As Former Bank Analyst Refutes Hayes’ Claims
Arthur Hayes, the BitMEX co-founder, warned late last month that Tether’s shift into Bitcoin and gold could leave the stablecoin exposed if those assets tumble. Related Reading: Bitcoin Reflects Energy As The ‘True Currency,’ Elon Musk Says According to Hayes, a roughly 30% drop in Tether’s BTC and gold holdings could erase the company’s equity […]
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Tether, the prominent stablecoin issuer behind USDT, has taken a strategic step by enlisting the services of Britannia Bank & Trust, a private financial institution based in the Bahamas. This move comes as Tether seeks to enhance its dollar transfer processes, and it appears the partnership has been discreetly underway for the past few months. […]
There is a lot of noise about the legitimacy of the stablecoin Tether (USDT), with claims of “pumping the price of bitcoin” being made.
Tether has been facing a lot of pressure from regulatory authorities. Now, the attention of the watchdogs has shifted to its commercial paper reserve. As a result, this week has been very hot for the company. The regulators focus their attention on what makes up the Tether reserves. Related Reading | Cardano Aims To Facilitate Users With Smart Contracts A report disclosed that Tether’s Michael Hsu said that the US regulators focus their attention on the paper to know if every Tether Token is actually backed by $1 as the company claims. US Regulators Scrutinize Tether From what....
A new debate is emerging in the crypto world after a video shared by Versan Aljarrah, the founder of Black Swan Capitalist, highlighted bold claims from about the XRP price financial expert Dr. Jim Willie. In the video, Willie claims that the current XRP price is not natural and powerful players are artificially holding it […]
US-based digital currency exchange Bitfinex is integrating Tether into its system. Tether claims to be the first real-world currency platform built on the bitcoin blockchain. The currency is allowing Bitfinex users to fund and withdraw money from US accounts without the aid of traditional banking institutions. Tether is currently available on both the withdrawal and deposit pages of Bitfinex. A spokesman for the exchange commented: "We see Tether as a significant optimization for the problems that plague Bitcoin traders and exchanges when interfacing with the traditional banking system.......