Tether (USDT)

Over the last few months, big organizations and government institutions have shown interest in the crypto space. China’s central bank – People’s Bank of China (PBoC) – has fast-tracked its work on introducing a central bank digital currency (CBDC) to the market. However, China’s attempts to launching a CBDC come as a measure to counter the potential competition by Facebook‘s Libra.Commenting on this, Circle CEO Jeremy Allaire said that China has the most progressive approach towards CBDC....

Leading Cryptocurrency exchange Binance recently launched its Tether (USDT) backed futures trading platform. The platform which is still in the early testing phase is available by invitation only. A Reddit post indicates that the platform has already reached an all-time high of $150 million within the past twenty-four hours. The futures platform covers only the USDT/BTC platform at this time.This comes after Binances’ announcement of the creation of the testnet for the futures platform...

Tether, the company behind a controversial USDT stablecoin, has announced the launch of a new ERC-20 token based on the Ethereum blockchain. The new stablecoin tagged ‘CNHT’ is pegged directly to the offshore Chinese Yuan (CNH).There are two kinds of national currency in China: offshore yuan is free from the monetary policies established in Beijing and can be traded freely on foreign currency markets, while onshore yuan trading is under control of the Chinese central bank, the People’s Bank...

By CCN.com: The office of New York Attorney General Letitia James has officially obtained a court order to request iFinex Inc, the operator of bitcoin exchange Bitfinex and Tether, to cease operations in New York.The Attorney General’s office found that Bitfinex allegedly handed over $850 million in co-mingled client and corporate funds to Crypto Capital Corp, a company based in Panama.Bitfinex is said to have never received the funds from the Panamanian firm, leading to the loss of more than...