News
A New York judge has ordered stablecoin issuer Tether to show financial documents that indicate the dollar backing of USDT . This development follows a lawsuit that alleges the Bitfinex-owned firm manipulated the crypto market. Tether has been ordered to release “general ledgers, balance sheets, income statements, cash-flow statements, and profit
News
Largest stablecoin issuer, Tether (USDT) has joined other prominent networks to drum up support for the upcoming Ethereum Merge. Tether’s support is coming after Circle Pay indicated interest in the Merge. Both networks have a prominent hold over the Ethereum network. In a blog post titled “USDT Supports ETH
News
Tether (USDT) slightly lost its dollar peg in the early hours of Thursday, snapping to 97 cents and back to 98 cents. This development came as Bitcoin, the largest cryptocurrency exchange based on market circulation, briefly lost its $27k support level and tanked to $25,400. Despite Tether’s CTO,
Blockchain
Stablecoins are digital assets that retain value regardless of whether the price of other cryptocurrencies is going up or down. Typically, people don't, therefore, invest in stablecoins. Instead, Nigerian and other investors use stablecoins to safeguard crypto wealth during market downturns. What are Stablecoins The cryptocurrency market is