Tether (USDT)

Stablecoin Economy Surges Past $150B, Stablecoins Command Over 50% of Global Crypto Trade Volume

November 26, 2021 Bitcoin.com

Altcoins

A great number of digital currencies have swelled in value this year and as the end of 2021 approaches, the market capitalization of all 11,000+ crypto assets in existence is roughly $2.6 trillion. These days, it’s safe to say that dollar-pegged tokens, otherwise known as stablecoins, have a strong presence in the crypto market. Today […]

Read more

Infini Hacked: $49M in USDC Stolen, Admin Privileges Exploited

Big Three Credit Agency Fitch Says Stablecoin Growth Could Be ‘Disruptive’ to Securities Markets

October 18, 2021 Bitcoin.com

Algorithmic

American credit rating agency Fitch Ratings, one of the ‘Big Three’ credit rating agencies, has published a report that says stablecoin growth could affect securities and commercial paper (CP) markets. The agency says stablecoins could be “disruptive” and “stablecoin-related turbulence” could “transmit shocks” to other markets. Fitch Ratings: ‘Stablecoins Could Be Disruptive for CP Markets’ […]

Read more

Infini Hacked: $49M in USDC Stolen, Admin Privileges Exploited

CFTC Fines Stablecoin Issuer Tether and Crypto Exchange Bitfinex $42.5 Million

October 15, 2021 Bitcoin.com

$42.5 Million

On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading statements and omissions of material fact in connection with the […]

Read more

Infini Hacked: $49M in USDC Stolen, Admin Privileges Exploited

SEC Denies Freedom of Information Act Request Concerning Tether Documents

September 26, 2021 Bitcoin.com

Bennett Tomlin

On September 24, the staff writer for The New Republic, Jacob Silverman, tweeted about a Freedom of Information Act (FOIA) request he filed that was ultimately denied. On the social media platform, Silverman wrote that he got Securities and Exchange Commission (SEC) responses to his FOIA requests and said the responses were “withheld because of […]

Read more

Infini Hacked: $49M in USDC Stolen, Admin Privileges Exploited

As Leading Cryptos Dip Lower in Value, Elrond, Osmosis, Tron, Cosmos Token Values Climb

September 12, 2021 Bitcoin.com

24 hour gains

On Sunday, digital currency markets have seen some slight improvements but overall since September 6, 2021, the $2.21 trillion cryptocurrency market capitalization is down 9.79% from $2.45 trillion. While dominant coins like bitcoin and ethereum have slid between 8-12% during the last week, a number of other digital assets have seen double-digit weekly gains and […]

Read more

Infini Hacked: $49M in USDC Stolen, Admin Privileges Exploited

Tether’s 1,500% Market Cap Increase in 500 Days — USDT Stablecoin Market Nears $70 Billion

September 10, 2021 Bitcoin.com

$69.3 Billion

The stablecoin giant tether is by far the largest dollar-pegged crypto asset in the crypto economy and today, the number of tethers in circulation is nearing $70 billion. 90 days ago on June 12, 2021, the number of tethers in circulation was around 63 billion tokens and the supply has swelled by 9.99% since then. […]

Read more

Infini Hacked: $49M in USDC Stolen, Admin Privileges Exploited

From $250 Billion to $2.35 Trillion: A Look at the Top Ten Crypto Market Cap Shifts Over 2 Years

September 3, 2021 Bitcoin.com

ada

While the crypto economy is worth more than $2.35 trillion, there’s a variety of new cryptocurrencies that have claimed top ten positions, in terms of market capitalization, in recent times. Two years ago, the top ten crypto assets by market cap looked a lot different than today, and things have also changed a great deal […]

Read more

Infini Hacked: $49M in USDC Stolen, Admin Privileges Exploited

The $62B Stablecoin Giant Tether Publishes Assurance Report Reviewed by Auditor Moore Cayman

August 10, 2021 Bitcoin.com

Algorand

Tether Limited has released an assurance report reviewed by Moore Cayman, an auditor of investment funds and digital assets. The report provides a breakdown of the company’s assets and reserves which Moore Cayman claims are around $62.7 billion as of June 30. Tether Publishes Assurance Report On August 9, 2021, Tether’s chief technology officer tweeted […]

Read more

Infini Hacked: $49M in USDC Stolen, Admin Privileges Exploited

Huobi Stablecoin Issuer Publishes Attestation Reports Tied to HUSD Reserve Backing

August 6, 2021 Bitcoin.com

attestation report

The crypto financial services company Huobi and the firm’s stablecoin issuer Stable Universal have published monthly HUSD attestation reports. The audits indicate the funds that back Huobi’s stablecoin are kept in cash in U.S. money market accounts in order to ensure the 1:1 ratio with USD. HUSD Monthly Attestations On Thursday, more than $117 billion […]

Read more

Infini Hacked: $49M in USDC Stolen, Admin Privileges Exploited

Stablecoins Swelled by $13B in 30 Days, Captured 67% of Today’s Crypto Trade Volume

July 16, 2021 Bitcoin.com

bitcoin.com

Over the last few weeks, cryptocurrency markets have fallen in value as most of these assets reached all-time price highs three months ago. Despite the price drops, 2021 has still been an explosive year for crypto gains and fiat-pegged stablecoins have grown massively as well. 53 days ago, the entire capitalization of fiat stablecoins crossed […]

Read more

Infini Hacked: $49M in USDC Stolen, Admin Privileges Exploited