Tether’s $1.5 billion Q2 profit and the reserve buffer problem

2026-8-2 10:57

Tether earned $1. 5 billion in three months while its safety cushion fell by half, raising questions about whether the world’s largest stablecoin can sustain its reserve strategy through a rate cycle. origin »

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Global Currency Reserve (GCR) на Currencies.ru

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Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
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Доступно / Всего 107.024m GCR

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Tether leads as pack chases, but is DAI as dead as Terra? – The stablecoin war, a Deep Dive

Cryptocurrency can be a polarising subject. Some believe it will change the world. They say we will live in a society with Bitcoin as the reserve currency; we will purchase our chai tea lattés in Starbucks with digital tokens, and then we will post them on social media domiciled in Web3, with everything running seamlessly […] The post Tether leads as pack chases, but is DAI as dead as Terra? – The stablecoin war, a Deep Dive appeared first on CoinJournal.

2022-11-1 17:28


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Op Ed: A Summary of

In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants.

2019-5-18 22:14


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Tether and Bitfinex Ask New York Attorney General for Fund Accessibility

Attorneys for Tether and Bitfinex are hoping to get the former access to its reserves amid a legal dispute with New York Office of the Attorney General (NYOAG). In a letter sent to the New York County Supreme Court, attorneys representing iFinex (the parent organization of Bitfinex) and Tether took issue with the restrictions that had been placed on Tether's transactions with related parties as part of an ongoing case against them, stating that the NYOAG had no basis for disallowing tether (USDT) holders and other affiliated entities from redeeming their tokens.

2019-5-16 18:51


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Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.

2019-4-27 01:30