USDT

Cantor Fitzgerald CEO Howard Lutnick has now vouched for Tether (World Economic Forum)

Tether's $95 billion stablecoin has been dogged by questions around whether it actually holds the assets it says are backing USDT. Cantor Fitzgerald's Howard Lutnick, whose fi...

By Helene Braun

Jan 16, 2024 at 6:39 p.m. UTC

Jan 16, 2024

TetherUSDTStablecoins

Policy

Tether

UN Says Tether Plays Major Role in Illicit Activity in East Asia; Stablecoin Issuer Hits Back

Tether said it was "disappointed" that the report had singled out its stablecoin, USDT.

By Amitoj Singh

Jan 16, 2024 at 11:25 a.m. UTC

Jan 16, 2024

TetherUSDTUnited NationsSouth East AsiaAsiaStablecoinillicit financeGambling

USDC momentarily trades at $0.74 (Piret Ilver/Unsplash)

Markets

Circle

USDC Stablecoin Momentarily Depegs to $0.74 on Binance

The stablecoin immediately snapped back to its $1 peg on Binance.

By Oliver Knight

Jan 3, 2024 at 3:29 p.m. UTC

Jan 3, 2024

CircleUSDCETFBitcoinUSDTDepeg

Ratings company S&P Global has started ranking stablecoins' ability to hold their pegs. (eswaran arulkumar/Unsplash)

Policy

Regulations

S&P Faults Biggest Stablecoin, Tether's USDT, as It Debuts New Industry Ranking

USDT was assigned a low score of four, meaning the largest stablecoin is constrained in its ability to maintain its peg to fiat, the rating agency says.

By Camomile Shumba Nick Baker

Dec 13, 2023 at 3:58 p.m. UTC

Dec 13, 2023

RegulationsTetherS&PrankingsRatingsUSDTUSDC

Cantor Fitzgerald's Howard Lutnick (World Economic Forum)

Markets

Usdt

Cantor Fitzgerald CEO Howard Lutnick Is a Bitcoin Maxi and Tether Fan

He said Cantor Fitzgerald is a custodian of the U.S. Treasuries that Tether holds to back its USDT stablecoin.

By Sam Reynolds

Dec 13, 2023 at 7:29 a.m. UTC

Dec 13, 2023

USDTbtcTetherBitcoin

Finance

Tether

Tether Freezes 41 Crypto Wallets Tied to Sanctions

Several of the frozen wallets had been using Tornado Cash over the past six months.

By Oliver Knight

Dec 9, 2023 at 8:50 p.m. UTC

Dec 9, 2023

TetherUSDT

Tether CEO Paolo Ardoino (Mason Webb/CoinDesk)

Consensus Magazine

Features

Paolo Ardoino: The Hardest Working Man in Crypto

The newly promoted CEO of Tether is looking to diversify the firm's investments after a banner year where the stablecoin giant is on track to profit $4.5 billion.

By Daniel Kuhn

Dec 4, 2023 at 12:38 p.m. UTC

Dec 4, 2023

FeaturesMost Influential 2023Paolo ArdoinoTetherBitfinexUSDTStablecoinsno-livewire

Finance

Tether

Tether Deposits of $1B With UK Financial Firm Are at Center of High Court Battle: FT

Tether deposited the funds with a subsidiary of investment bank Britannia Financial, according to the report, which cited filings made in the High Court.

By Jamie Crawley

Nov 21, 2023 at 9:31 a.m. UTC

Nov 21, 2023

TetherUSDTCourt CasesHigh CourtUK