Tether terminates Bitcoin support while advertising Bitcoin support
Tether will terminate redemptions and freeze most USDT tokens using the Bitcoin ledger on September 1 as it terminates Omni support.
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Tether will terminate redemptions and freeze most USDT tokens using the Bitcoin ledger on September 1 as it terminates Omni support.
Read more (2 min) →Tether has made BTC an important part of its reserves, but does that make Tether vulnerable if BTC falls?
Tether has been minting USDT and buying bitcoin. MicroStrategy, Trump and others have bought more but why does the price keep crashing?
In December, Binance listed billions of dollars in excess proof-of-reserves but much of that capital buffer has now vanished from view.
Tether and Cantor Fitzgerald have both grown their collateralized lending businesses by approximately $2 billion over the last few months.
"What’s going on?” wrote one X user, while another asked, “you really trying to pass that off as not photoshopped?”