2022-12-3 22:19 |
Tether co-founder Reeve Collins defended the company’s perceived lack of transparency, stating Tether has always redeemed every token for “exactly one dollar” despite having no clear proof of reserve. origin »
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The consolidated assets of Tether exceed its consolidated liabilities, states the accounting firm. The post USDT is Fully Backed; Report Confirms as Part of Tether’s Transparency Commitment first appeared on BitcoinExchangeGuide.
2021-3-30 20:52 | |
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The famous Bitcoin proponent and billionaire investor Mike Novogratz has criticised the stable-coin U. S. Dollar Tether (USDT) for failing to provide a trustworthy service for users. The Galaxy Digital Holdings Ltd.
2018-10-19 21:15 | |
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Novogratz Says Tether Didn’t Do a Good Job to Create Transparency The billionaire and recognized investor, Mike Novogratz, has blamed Tether due to its lack of transparency to manage funds. Tether (USDT) is one of the most known and used stablecoin in the market.
2018-10-19 19:32 | |
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Cryptocurrency advocate and billionaire investor Mike Novogratz says Tether’s recent troubles are its own fault, and that a lack of transparency is mainly to blame for investors losing faith in the stablecoin.
2018-10-19 19:00 | |
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Fresh on the market, the industry’s newest batch of stablecoins is having trouble striking a price balance. Amidst news of listings on Huobi and OKEx, two of the industry’s largest exchanges, TrueUSD (TUSD), Gemini USD (GUSD), the Paxos Standard (PAX) and Circle’s USD Coin (USDC) have all risen well above their pegs.
2018-10-17 01:17 | |
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Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.
2018-10-3 19:05 | |
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University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.
2018-9-13 18:07 | |
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Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U.
2018-7-18 22:00 | |
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Malta-based tokenization platform STASIS has launched EURS, a stablecoin backed by the Euro. EURS, aiming to be the biggest "fully verified and collateralized stablecoin" in the world, launched with a $100 million pre-launch order book which is expected to hit $500 million by year’s end.
2018-7-16 19:46 | |
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The primary provider of fiat backed digital tokens, Tether, has brought on a Leonardo Real, the former AML quality control manager at the Bank of Montreal, as Chief Compliance Officer (CCO). The hire was reportedly made “in order to create the gold standard for regulatory compliance” in the cryptocurrency sector.
2018-7-13 12:40 | |
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Tether [USDT] recently released a three-page transparency update, which was a product of Freeh, Sporkin & Sullivan LLP [FSS], a legal firm founded by three former federal judges, including a former FBI director.
2018-6-23 03:32 | |
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This reportedly confirms that all Tethers were sufficiently backed by USD as of June 1, 2018. Van der Velde said, “We’re glad to have independent verification of this to answer some of the questions posed by the public.
2018-6-21 01:18 | |
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The company has stopped short of a full audit, however, leaving critics bemoaning Tether’s inability to settle the solvency debate once and for all. Vocal Tether critic Bitfinexed has been joined by a growing chorus of critics demanding full transparency from Tether, which is part owned by Bitfinex. Tether has now obliged, producing, for the
2018-6-21 23:44 | |
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Tether Ltd. , which issues a stable coin allegedly tied to U. S. dollar reserves, claims it has hired Freeh Sporkin & Sullivan LLP — a law firm co-founded by FBI Director Louis Freeh — to confirm its bank deposits and assure investors that its cryptocurrency is backed by USD.
2018-6-21 23:05 | |
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Tether has been the subject of immense scrutiny as critics raise questions about the company’s dollar reserves. But Tether released a transparency update on June 20th that says a law firm has confirmed, as of June 1st, the company’s “unencumbered assets exceed the balance of fully-backed USD Tethers.
2018-6-21 23:00 | |
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Tether has released a surprise “Transparency Update” that purports to show it has enough funds in the bank to cover the $2. 6 billion of USDT in circulation. The company has stopped short of a full audit, however, leaving critics bemoaning Tether’s inability to settle the solvency debate once and for all.
2018-6-20 21:10 | |
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There is substantial controversy surrounding Tether, a cryptocurrency that claims to be pegged to the U. S. dollar. According to Tether, each Tether token is backed by one U.
2018-6-14 22:01 | |
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