crypto

The company behind USD stablecoin Tether (USDT) only has enough cash to back three-quarters of its increasing supply, its lawyers confirmed in documents released on April 30. As part of an ongoing legal process involving the New York Attorney General, Zoe Phillips of law firm Morgan Lewis said that at the time of writing, 73%Read More →

tether

Tether, the leading stablecoin, has announced that it will soon be available on the TRON blockchain. Tether revealed the news on Monday morning, and TRON confirmed the announcement only minutes later. What will happen next is not entirely clear: the official statement suggests an imminent release, while other sources are suggesting aRead More →

crypto

The U.S. Department of Justice (DOJ) is increasingly focusing a months-long investigation into crypto market manipulation on the tether stablecoin, a report says. Citing individuals familiar with the probe, Bloomberg reported Tuesday that the DOJ is looking into whether cryptocurrency exchange Bitfinex and Tether Ltd. have pushed bitcoin’s price up using theRead More →