Category: USDT

Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge

September 21, 2023CryptoLeave a Comment

Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing.

Crypto Markets ‘Highly Dependent’ on Stablecoins Lacking Transparency, TrueUSD TUSD Poses Risk, Kaiko Says

July 13, 2023CryptoLeave a Comment

The largest stablecoins have all endured periods of turmoil in the last few months. In February, New York state regulators ordered Paxos to halt minting Binance USD (BUSD), the third largest stablecoin at the time. Next month, the collapse of Silicon Valley Bank (SVB) temporarily froze a sizable portion of USDC’s cash reserves, which affected […]

U.S. Hearing Highlights Stablecoin Rift in Competing House Bills

May 18, 2023CryptoLeave a Comment

U.S. lawmakers aren’t yet able to reach across the chasm between Republicans and Democrats’ very different ideas for how to oversee stablecoins, despite notes of hope from both sides evident in a Thursday hearing of the House Financial Services Committee’s digital assets panel.

TrueUSD's Bitcoin Trading Volume Nears Tether’s on Binance but Traders Hesitate to Use the Token

April 14, 2023CryptoLeave a Comment

TrueUSD's Bitcoin Trading Volume Nears Tether’s on Binance but Traders Hesitate to Use the Token

Stablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past: WSJ

March 3, 2023CryptoLeave a Comment

According to the Journal’s report, Tether Holdings co-owner Stephen Moore pushed back against the use of fake sales invoices, saying “I would not want to argue any of the above in a potential fraud/money laundering case” in an email seen by the Journal, referring to an intermediary which traded USDT in China.