Tethers

Tether’s USAT stablecoin could be a ‘threat’ to Circle’s USDC for institutional dollars

Tether’s new stablecoin, USAT, could pose the first serious challenge to Circle’s (CRCL) USDC in the U.S. market, analysts say — if it can win over institutions. Launched in partnership with federally chartered bank Anchorage Digital and Cantor Fitzgerald, USAT is Tether’s first attempt at… Read More

Tether’s Gold Hoard Surges to 116 Tons, Rivals Small Central Banks

3 months ago by Crypto InsightsCrypto

Investment bank Jefferies said the recent surge in gold prices can’t be explained by traditional drivers alone and points instead to Tether as a major new buyer. Attestation data and on-chain activity show that the stablecoin issuer has accumulated substantial bullion in recent months, tightening… Read More