Tether, Bitfinex to Drop Opposition to New York Freedom of Information Law Request
The firms said opposition doesn’t mean a “wholesale release” of all documents.
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The firms said opposition doesn’t mean a “wholesale release” of all documents.
21 people were sentenced in a case involving converting ‘dirty’ USDT to RMB.
Tether reported $3.2 billion of excess reserves backing the value of its stablecoins including USDT, according to its Q3 attestation released Wednesday.
U.S. lawmakers Senator Cynthia Lummis (R-Wy.) and Rep. French Hill (R-Ark.) have urged the Department of Justice to “expeditiously conclude” investigations and reach a decision on charging Binance and Tether for aiding terrorism financing for Hamas.
Stablecoin issuer Tether will publish real time data on the reserves backing USDT, the industry’s largest dollar-pegged stablecoin, according to a Bloomberg report.
(Jayashreee/Creative Commons)
Paolo Ardoino appointed new CEO at Tether.
The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase.
A cardboard cutout of Tron founder Justin Sun (Danny Nelson/CoinDesk)
Similar imbalances happened when Terra imploded in May 2022 and after the Silicon Valley Bank crisis hit USDC issuer Circle in March.