Does Howard Lutnick Know ‘the Truth’ About Tether?
Speaking at Davos, the Cantor Fitzgerald CEO says the stablecoin issuer has the money to back USDT. Maybe it’s time we all started to believe in Tether, despite the “truthers”?
Tether
UN Says Tether Plays Major Role in Illicit Activity in East Asia; Stablecoin Issuer Hits Back
Tether, the issuer of the largest stablecoin by market cap, has challenged the United Nations (UN) for its report on underground banking and money laundering infrastructure in East and Southeast Asia.
Cantor Fitzgerald CEO Howard Lutnick Is a Bitcoin Maxi and Tether Fan
Cantor Fitzgerald is one of the custodians for Tether’s $90 billion worth of treasuries.
Tether Freezes 41 Crypto Wallets Tied to Sanctions
Stabelcoin issuer Tether blacklisted 41 wallets controlled by people on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List on Saturday.
Fresh Money Flows to Crypto as Stablecoin Market Expands After 1.5 Years Downtrend
Tether’s USDT added $7 billion to its market cap since September, a sign of capital entering the crypto market, Matrixport noted.
U.S. Treasury Campaigning for Amplified Powers to Chase Crypto Overseas
The U.S. Department of the Treasury is pressing lawmakers for a new set of powers that would give the government unprecedented enforcement and sanctions authority over the crypto sector, including the ability to roam well beyond American borders and get involved with transactions that don’t involve its citizenry.
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.
Crypto at the Center of $300M Fraud Case in China
21 people were sentenced in a case involving converting ‘dirty’ USDT to RMB.
Tether Reports $3.2B Excess Reserves, but Lags in Reducing Secured Loans
Tether reported $3.2 billion of excess reserves backing the value of its stablecoins including USDT, according to its Q3 attestation released Wednesday.