Bitcoin24h $89,261.98-6.80%

Ethereum24h $2,435.20-9.11%

XRP24h $2.24-9.62%

BNB24h $613.95-4.01%

Solana24h $139.08-12.64%

Dogecoin24h $0.2073-10.00%

Cardano24h $0.6603-10.00%

TRON24h $0.2301-7.01%

Chainlink24h $14.78-11.12%

Avalanche24h $21.35-9.87%

Tether abandons commercial paper in favor of US Treasuries

Tether has announced that it’s reduced its commercial paper holdings to zero, replacing it primarily with US Treasuries.

Will price manipulation lawsuit expose Tether’s reserves?

In the class action lawsuit against Tether for cryptocurrency price manipulation, the court has ordered that Tether produce documents.

Tether holding off on freezing funds is as close as any big player has come to taking a stand against sanctioning a legitimate privacy tool.

The price of USDT recently de-pegged from the US dollar following Luna’s collapse. Here’s all the other major times Tether’s peg broke.

Tether is usually extremely tight-lipped about where it keeps its assets, but it appears the company holds some funds in the tiny Capital Union bank.