Cointime

Cointime

Download App
iOS & Android
Home / Point

Tether's Stability in Question as New Details Emerge Following Depegging and Release of Documents

June 16 (Cointime) - The digital currency world was shaken up after Tether (USDT), the largest stablecoin in the industry, was depegged and dropped to $0.9991 due to a loan issue on the DeFi platform Curve.

Tether Holdings Ltd has since issued a statement revealing new information about the situation, including the release of documents to Coindesk that show the company's reserves and asset management practices.

Tether has requested that Coindesk not reveal any information about its customers, and the industry is now waiting to see if the released documents will cause controversy and lead to further fear, uncertainty, and doubt (FUD) surrounding Tether.

Coindesk has previously played a significant role in uncovering financial impropriety in the crypto industry, such as with Alameda Research, which led to the collapse of FTX.

Tether USDt Tether USDt $1.00
+0.01%
Tether stablecoin
Comments

All Comments

Recommended for you

  • Robinhood Chief Legal Officer Dan Gallagher Says He Won't Become SEC Chairman

    According to market news, Dan Gallagher, the Chief Legal Officer of Robinhood, stated that he would not serve as the Chairman of the US Securities and Exchange Commission.

  • U.S. Supreme Court rejects Facebook's attempt to avoid shareholder securities fraud lawsuit

     US Supreme Court rejected Facebook's attempt to avoid shareholder securities fraud lawsuits under the META umbrella.

  • Family Offices Evolve into Powerful Investment Entities with Innovative Strategies and Advanced Technologies

    Family offices, which traditionally focused on conservative investment strategies, have transformed into powerful investment entities with a focus on alternative investments, private equity, co-investments, venture capital, and impact investing. This shift has been driven by innovative financial solutions and modern investment strategies, responding to technological advancements and an evolving global financial landscape. Family offices are taking a more active role in direct investments and co-investments, particularly in high-growth companies and startups, enhancing their control and flexibility. They are also diversifying further into private markets and real assets due to geopolitical and macroeconomic uncertainties, while embracing innovative financing solutions and cutting-edge risk management techniques. Additionally, family offices are implementing AI technologies to improve their decision-making processes, particularly in investment analysis, reflecting their commitment to innovation and strategic planning.

  • The Evolution of Family Offices: Embracing Innovative Investment Strategies and Technology

    Family offices have shifted from conservative investment strategies to more active roles in direct investments and co-investments, thanks to innovative financial solutions and modern investment strategies. They are now leaders in alternative investments, private equity, co-investments, venture capital, and impact investing, leveraging their capital through non-recourse and limited-recourse financing to expand their investments across sectors and regions. Family offices are also adopting sophisticated risk management strategies, diversifying further into private markets and real assets, and integrating advanced technologies such as AI-driven platforms to enhance decision-making processes. A family office in the UAE, International Venture Investments Holding, takes an active investment approach, emphasizing operational autonomy and forming dedicated management teams for specific projects. The UBS Global Family Office Report 2024 shows that 78% of family offices plan to invest in generative artificial intelligence in the next two to three years.

  • Source: a16z expected to get a seat on Trump’s cryptocurrency advisory board

    On November 22nd, according to multiple executives in the digital asset industry, many cryptocurrency companies such as Ripple, Kraken, and Circle are vying for seats on the cryptocurrency advisory committee promised by President Trump, seeking to have a say in their plans for US policy reform. One source said that the cryptocurrency department of venture capital giant Andreessen Horowitz, a16z, is expected to receive a seat, but currently an a16z spokesperson declined to comment on the matter.

  • UK to Draft Regulatory Framework for Crypto Industry by Early Next Year

    The U.K. intends to create regulations for the cryptocurrency industry by early 2022, with a focus on stablecoins and staking services. This announcement by Economic Secretary Tulip Siddiq at a conference in London will provide clarity for the industry after months of uncertainty. The new framework will be eagerly awaited by those in the industry, as Bitcoin continues to break records and gain mainstream acceptance.

  • Matrixport: It is recommended that institutional investors allocate both Bitcoin and gold

    On November 22, Matrixport's latest weekly report shows that the progress of the fifth Bitcoin bull market coincides with its prediction for July 2023. The report predicts that Bitcoin will reach $125,000 in December 2024, and with Bitcoin approaching the $100,000 mark, this prediction becomes more credible.

  • How Crypto Could Help Open-Source AI Reach Its Potential

    The impact of artificial intelligence (AI) is being felt across various sectors, including drug discovery, workforce productivity, and personalized content on streaming platforms like Netflix. Experts predict that the AI industry will grow by 40% annually and reach a trillion-dollar market by 2030, potentially transforming industries on an unprecedented scale. The use of cryptocurrency could play a crucial role in enabling open-source AI to overcome current limitations and reach its full potential.

  • Hong Kong Legislative Council Member Tam Yue-heng: Accelerate the issuance and trading of stablecoins that match the characteristics of the linked exchange rate system

    Tan Yueheng, a member of the National Committee of the Chinese People's Political Consultative Conference and the Legislative Council, published an article entitled "Consolidating the Status of Financial Center and Sharing the Dividend of Deepening Reform". In it, he pointed out that in the field of digital finance, the SAR government must continue to develop digital finance and qualified virtual products, explore new beneficial financial formats, and promote the new productive forces of the financial industry. Hong Kong must promote the participation of financial technology companies in the stable coin sandbox mechanism, accelerate the issuance and trading of stable coins with the characteristics of matching linked exchange rate system, expand the testing scope and landing scenarios of digital RMB as a cross-border payment tool, and focus on developing products that are linked to virtual assets and underlying real assets, transforming art, real estate, equity, and carbon emissions into digital tokens through blockchain technology.

  • Stablecoin minting protocol M^0 completes $35 million Series A financing, led by Bain Capital

    Stablecoin minting protocol M^0 completed a Series A financing round of $35 million, led by Bain Capital with participation from Galaxy Ventures, Wintermute Ventures, and GSR. Previously, M^0 raised $22.5 million in seed funding led by Pantera Capital in early 2023.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company