Tether

Binance will turn users' stablecoins into their own coin brand, they won't ask first

Binance will turn users’ stablecoins into their own coin brand, they won’t ask first

Binance founder and CEO Changpeng Zhao (also known as CZ), a Chinese-born Canadian, is a prolific Twitter user, but all his rhetoric about “courage” seems to point to attempts to monopolize the market.photo: Eric Pyrmont/AFP (Getty Images) After a few weeks, stablecoin holders on Binance will find that their cryptocurrencies are no longer using the …

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0.3% drop in assets 'could make Tether technically insolvent:' WSJ

0.3% drop in assets ‘could make Tether technically insolvent:’ WSJ

A Wall Street Journal (WSJ) article claims that Tether’s balance sheet is in a position where even a 0.3% drop in the value of its reserve assets could “make Tether technically insolvent.” In a report Saturday, Wall Street Journal reporters Jean Eaglesham and Vicky Ge Huang focused on the cloudy nature of Tether (USDT) reserves …

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