Stablecoin Tether is Fully Backed By Dollars, New Bank Statement Reveals

by bitcoinist 12/18/2018

Rumors about stablecoin Tether not being fully backed by dollar reserves are looking increasingly thin, according to the latest bank statements, which show that USDT is fully backed by dollar reserves.  2.2 Billion in the Bank Purportedly, statements from four separate months, detailing the cash held in Tether’s accounts, confirm the Tether USDT  stablecoin is fully backed by dollar reserves. Bloomberg reveals the latest statement showing that $2.2 billion was present in Tether’s account at Puerto Rico’s Noble



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Updated: 12/26/2018

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Updated: 12/26/2018

via bitcoinist12/21/2018

Bitfinex Opens Trading of USD-Pegged Tether Against USD

Cryptocurrency exchange Bitfinex has announced it will support trading of USD denominated stablecoin Tether (USDT) against fiat USD from Friday. Bitfinex Hedging A Hedge The curious decision, which the exchange revealed in a blog post just hours before the pair went live, appears to be the first of its kind in the cryptocurrency industry. Each unit of USDT is notionally backed by 1 USD, and the stablecoin is designed to be used as a cryptographic


via ccn11/01/2018

Breaking: Tether Opens $1.8 Billion Bank Account in the Bahamas

Tether Limited, the issuer of controversial USD-pegged cryptocurrency stablecoin tether (USDT), has confirmed that it is banking in the Bahamas.

via cointelegraph12/26/2018

2019 Stanford Blockchain Conference Spotlights Blockchain Security and ‘Risk’

Blockchain will come under the microscope for a third year next month as Stanford hosts its now annual conference event.