Tether’s transparency and business structure raises $118B FTX-like concerns
Tether’s market share surpassed 75% of the entire stablecoin market, fueling concerns over the stablecoin giant’s influencer over the crypto industry. Go to Source
tether audit
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Tether slams Deutsche Bank over suggestion its stablecoin could fail
Analysts at Deutsche Bank also argued Tether’s solvency status is “questionable” which the stablecoin firm said is “ironic” considering the bank’s own history with fines. Go to Source
Stablecoin Issuer Tether Completes SOC 2 Type 1 Audit
Tether, the USDT stablecoin issuer, announced on April 1 that it had completed the System and Organization Controls (SOC) 2 Type 1 Audit, the highest level of security compliance achievable. Tether stated that the audit’s completion demonstrates the robust information technology control measures it has in place, ensuring the safety of its systems. Gold Standard … Read more
Bitfinex Executives Deny Allegations of Issuing USDT to Pump BTC – “Tether Backed by Cash Assets and a Loan”
Bitfinex general counsel Stuart Hoegner has dismissed the notion that only 74% of the tether stablecoin in circulation is fully backed. Hoegner insists the stablecoin is fully backed by assets that include cash, cash equivalents as well as bitcoin. However, both Hoegner and the company’s CTO Paolo Ardoino, are pushing back against the narrative that … Read more
