Since tether lost parity with the U.S. dollar, its supply has dropped by a quarter as tokens flow back to the issuing company's "treasury" wallet.
Replacing tether's role in the crypto markets will require an obsession with maintaining transparency and trust.
In theory, traders can redeem USDT for dollars with the issuer, Tether Ltd. Instead, they appear to be cashing out through Kraken.
Singapore-based cryptocurrency exchange Huobi has just launched a solution that enables users to switch between different stablecoins.
Binance sees stablecoins like tether, and potentially the Gemini Dollar, as "critical for our ecosystem," the exchange's chief financial officer says.
Indian regulators' clampdown on crypto firms is forcing exchange Unocoin to experiment with ATMs and stablecoins to continue receiving fiat deposits.
The Bibox exchange dominates trading in the Gemini Dollar, the Winklevoss twins' month-old stablecoin. Its volume surged when tether's peg broke.
Buying bitcoin may be cheaper using a stablecoin the market has greater confidence in, like the Gemini dollar, than with an alternative like USDT.
The Huobi exchange has announced it will add support for four U.S. dollar-pegged cryptos, a day after OKEx did the same.
Paxos claims it has so far issued a total of $50 million-worth of its Paxos Standard crypto stablecoin since its official launch last month.
Malta-based cryptocurrency exchange OKEx has announced that it is listing four U.S. dollar-pegged cryptocurrencies for trading.
A researcher from the People's Bank of China voiced support for yuan-pegged stablecoins in an op-ed published Tuesday.
Japanese IT giant GMO Internet is jumping on the stablecoin bandwagon, planning the launch of a yen-pegged cryptocurrency in 2019.
Crypto finance firm Circle has officially released its dollar-pegged stablecoin for limited trading, the company announced Wednesday.
Eidoo, the multicurrency crypto wallet and decentralized exchange, has announced a new token that's redeemable for actual gold.