Bitcoin24h $111,809.35+2.16%

Ethereum24h $4,109.33+2.64%

XRP24h $2.87+2.84%

BNB24h $1,010.57+4.07%

Solana24h $208.65+3.51%

Dogecoin24h $0.2329+1.99%

TRON24h $0.3352-0.33%

Cardano24h $0.7980+3.30%

Hyperliquid24h $47.00+5.82%

Chainlink24h $21.31+2.84%

If Tether has $105B in its reserves, why is it raising cash?

According to Bloomberg, Tether is in negotiations with investors to raise funds in exchange for a 3% stake in Tether Holdings SA.

Justin Sun defends HTX while it lends 92% of its USDT on Aave

Justin Sun has taken to X to defend HTX’s reserves, however, a close review reveals HTX is lending 92% of its USDT on Aave.

Tether will terminate redemptions and freeze most USDT tokens using the Bitcoin ledger on September 1 as it terminates Omni support.

Tether, the world’s largest stablecoin company, has continued to grow its secured loans business even after promising to eliminate it.

By looping Binance Chain-based USD1 on Euler Finance against USDT, yield farmers have earned 99% APR on the presidential stablecoin.