
The collapse of SVB caused Tether’s market cap to become double that of USDC.
Tether operates the biggest stablecoin in the crypto industry — USDT. It’s sometimes described as the backbone of the industry, facilitating swaps between the dollar-tied stablecoin and highly volatile cryptocurrencies. Its main competitor takes the form of Circle’s USDC, which has recently been catching up on USDT by market cap. For now however, USDT is still the dominant force in the stablecoin space.
The collapse of SVB caused Tether’s market cap to become double that of USDC.
Tether is laying down the law by freezing funds associated with troubled FTX as its stablecoin suffers its worst de-peg since the Terra collapse.
Stablecoin issuer Tether has turned over a new leaf by finally changing the heavily criticized backing of USDT.
Tether’s been asked to put its money where its mouth is as concerns grow around how its stablecoin is backed.
Tether’s getting touchy about its balance sheet as questions are raised about the stablecoin issuer’s solvency.
USDT and USDC have been left divided on how to adhere to new rules set out by the Office of Foreign Assets Control and its ban on crypto-mixer Tornado Cash.
Stablecoin issuers are rallying behind Ethereum’s upcoming merge while altcoins have a moment in the market.
Tether is teaming up with Bitfinex and Hypercore to create a peer-to-peer app suite.
Tether shrugs off all the stablecoin fiascos, brokering two big deals in the space of a week which are set to expand its ecosystem.
Tether has decided to stop reporting what its supply is apparently, and peeps are getting a ‘lil worried.
It wouldn’t be the cryptoverse if people weren’t asking where Tether is getting its money from.
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