Tether To Eliminate Borrowing From Its Stablecoin Backing Fund
Tether Limited, issuer of Tether USD (USDT), plans to eliminate collateralized loans from its reserves.
The Stablecoin War Opens a New Bloody Chapter
Like a Hobbit sequel would, the stablecoin war is being fought by three entities: Tether holdings, Circle/Coinbase, and Binance, with their respective stablecoins USDT, USDC, and BUSD, all fiat-backed stablecoins.
Tether: Bloomberg’s Inexperienced Editorial Team Falls Victim to Short-Sellers
Tether restated that it had absolutely no credit towards FTX or Alameda Research. No special deal whatsoever was established between FTX/Alameda and Tether.
Tether to Reduce Secured Loans in its Reserves to Zero After WSJ Expose
WSJ reported that the company held $6.1 billion of the loans in its balance sheet.
