Bitcoin24h $66,823.23+0.33%

Ethereum24h $2,040.44+1.81%

BNB24h $611.70+0.34%

XRP24h $1.33+0.33%

Solana24h $83.29+1.52%

TRON24h $0.3201-0.97%

Dogecoin24h $0.0913-0.08%

Hyperliquid24h $37.10-3.94%

Bitcoin Cash24h $459.88+1.61%

UNUS SED LEO24h $9.70+0.47%

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.