CoinUnited.io

Tag: USDT

  • Tether Collaborates with FBI and Secret Service, Pioneering Crime Prevention Efforts

    Tether Collaborates with FBI and Secret Service, Pioneering Crime Prevention Efforts

    Tether’s Ongoing Efforts to Combat Crime Tether’s association with the U.S. Secret Service and the FBI showcases the company’s unwavering commitment to tackling illicit activities within the cryptocurrency industry. By fostering these partnerships, Tether aims to enhance the security and integrity of digital asset transactions. Ardoino’s letter underscores the vital role Tether plays in assisting […]

  • Tether USDT Highlights Commitment to Security and Law Enforcement Cooperation

    Tether USDT Highlights Commitment to Security and Law Enforcement Cooperation

    Tether’s Commitment to Regulatory Compliance Tether’s CEO, Paolo Ardoino, expressed the company’s firm commitment to regulatory compliance and security of its stablecoin. In response to anti-money laundering (AML) and combating the financing of terrorism (CFT) concerns, Tether proactively deactivated its tokens in all wallets documented on the OFAC sanction list. By taking this crucial step, […]

  • Tether: Striving for Compliance, Seeks Partnership with US Government

    Tether: Striving for Compliance, Seeks Partnership with US Government

    Tether’s Commitment to KYC and Safety Measures In their correspondence, Tether emphasized their robust Know Your Customer (KYC) program, a sophisticated transaction monitoring system, and their proactive approach to identifying suspicious accounts and activities. To further ensure compliance, Tether has enlisted the assistance of a reputable law firm based in Washington DC to perform an […]

  • Strong Demand for El Salvador’s Freedom Visa Program Driven by Bitcoin Investment

    Strong Demand for El Salvador’s Freedom Visa Program Driven by Bitcoin Investment

    Innovative Program Attracts Attention and Applications The Freedom Visa program, introduced in collaboration with stablecoin issuer Tether, has garnered substantial attention and applications since its unveiling. Foreign investors can obtain Salvadoran residency and citizenship by making a generous donation of $1 million worth of Bitcoin or Tether. ONBTC has seen a remarkable influx of inquiries, […]

  • Tether Emerges as Crypto’s Dominant Stablecoin with 50% Market Share

    Tether Emerges as Crypto’s Dominant Stablecoin with 50% Market Share

    Tether Dominates the Stablecoin Market The Rise of Tether as the Leading Stablecoin Tether (USDT) has once again established its dominance as the preferred pegged currency in the cryptocurrency market. With its stablecoin market share rapidly approaching 50%, Tether is proving to be as strong as ever, even as the SEC prepares to crack down […]

  • Tether Holdings Partners with Cantor Fitzgerald to Manage $39 Billion Treasury Bond Portfolio

    Tether Holdings Partners with Cantor Fitzgerald to Manage $39 Billion Treasury Bond Portfolio

    Tether Holdings Contracts Cantor Fitzgerald Services The Wall Street Journal reported on February 10 that stablecoin issuer Tether Holdings has hired a well-known Wall Street company to handle its portfolio of Treasury securities. Unnamed sources with knowledge of the situation disclosed that financial services company Cantor Fitzgerald is assisting Tether in managing a bond portfolio […]

  • Why Justin Sun Places $33 Million in the Ave Lending Pool

    Why Justin Sun Places $33 Million in the Ave Lending Pool

    Former Tron CEO Justin Sun recently transferred a sizeable sum of $33 million USDC to Aave Lending Pool v2. PeckShield, a blockchain security company, spotted the movement and discovered that the funds came from the Poloniex exchange, where Sun had already received USDC two years prior. Sun’s shift to Aave may have been motivated by […]

  • Tether Proves its Stabilization with BDO’s Independent Audit Report: $67 Billion in Total Assets

    Tether Proves its Stabilization with BDO’s Independent Audit Report: $67 Billion in Total Assets

    Tether Eliminates Commercial Paper Holdings, BDO Attests Global accounting firm, BDO, has released its latest attestation report that confirms Tether’s claim of eliminating commercial paper holdings from its reserve in the fourth quarter of 2022. The report, which was published on February 8th, thoroughly reviewed Tether’s Consolidated Reserves Report (CRR) as of December 31, 2022. […]

  • Uncovering the Mystery: A Closer Look into Tether’s Bond Portfolio

    Uncovering the Mystery: A Closer Look into Tether’s Bond Portfolio

    Concerns Regarding Stablecoin Reserve Transparency Concerns about the lack of transparency surrounding the proof of reserves for stablecoins have grown. There are still questions regarding the stability of the stablecoin, despite the firm that created it making an attempt to strengthen the auditing procedure and the assets it uses to back the cryptocurrency. Portfolio of […]

  • Breaking News: Tether’s Secretive Reserve Exposed as New York Court Rejects Block Attempt

    Breaking News: Tether’s Secretive Reserve Exposed as New York Court Rejects Block Attempt

    Tether’s Reserve Management Partner is Revealed by a Court Decision The biggest stablecoin in the world, USDT, created by Tether, has come under fire for being opaque about the $67 billion reserve that underpins it. Despite efforts by the company to retain confidentiality, a recent Wall Street Journal investigation has revealed the name of the […]