iStock; Insider Tether's circulation supply dipped to about $76 billion on Tuesday from $83 billion last week. "We can keep going if the market wants," Tether's chief technology officer said on Twitter. The stablecoin rattled markets when it briefly lost its US dollar peg on Thursday. Tether saw its circulation supply slip to $76 billion on Tuesday from $83 billion on Thursday, when the stablecoin briefly lost its US dollar peg.The decline of nearly $7 billion in value comes as investors remain reserved over the token's future amid calls for more transparency into the precise assets that are backing the largest stablecoin by market capitalization."We have redeemed 7B in 48h, without the blink of an eye.

BING NEWS:
  • USDT/USD
    Given this, Tether is backed by fiat and is a stablecoin ... US dollar. By extension, it aims to make crypto valuation stable. Tether serves as the first digital asset used by most crypto ...
    05/3/2024 - 7:19 am | View Link
  • Stablecoin Issuer Tether Invests $200 Million in Brain-Computer Interface Company
    Tether Holdings Ltd., the issuer of the biggest stablecoin, said it invested $200 million in Blackrock Neurotech, a maker of brain-computer interface technology. Tether made the investment through ...
    04/29/2024 - 3:43 am | View Link
  • Stablecoin Tether gets boost as dollar alternative in emerging markets, CEO says
    DUBAI - Stablecoin ... more than $100 billion worth of Tether tokens in circulation in March. "In the last few years we have seen the usage of USDT going from pure cryptocurrency trading to being ...
    04/19/2024 - 5:06 pm | View Link
  • Stablecoin Tether gets boost as dollar alternative in emerging markets, CEO says
    DUBAI, April 19 (Reuters) - Stablecoin Tether's recent growth is being driven by its use as an alternative to the U.S. dollar in emerging ... hitting more than $100 billion worth of Tether tokens ...
    04/19/2024 - 7:03 am | View Link
  • Messaging app Telegram to allow Tether stablecoin payments
    Telegram users can now start sending money via the stablecoin USDT through The Open ... which is typically a fiat currency like the U.S. dollar. Stablecoins maintain this peg by holding an ...
    04/18/2024 - 1:00 pm | View Link
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