The CTO for Tether and Bitfinex believes the USDT stablecoin can inject much-needed liquidity and stability into the emerging decentralized finance (DeFi) space. Speaking to CoinDesk at the CryptoCompare Digital Asset Summit in London earlier this month, Paolo Ardoino said the DeFi space faced systemic risk if it only leveraged value from the digital asset […]
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Tether is gearing up to launch its controversial stablecoin as a native token on the Tron blockchain. For the effort, Tether is partnering with the Tron Foundation to launch the dollar-pegged USDT stablecoin as a TRC-20 token, the companies announced Monday. TRC-20 is a technical standard used by the Tron blockchain for implementing tokens, similar to and […]
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An investigative report by Bloomberg News has revealed that Tether makes a substantial amount of interest on its US Dollar reserves. The US Dollar reserves are kept in banks across several jurisdictions including Canada, the Bahamas and Puerto Rico. According to bank statements seen by Bloomberg, Tether earned at least $6.6 million in interest between January 2018 […]
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