USDT

Strike Africa will be available in several African markets, with plans for further expansion in the future.

The company behind the USDT stablecoin added $45 million worth of bitcoin to its balance sheet last quarter, CTO Paolo Ardoino confirmed to NewsCapsule.

The U.S. dollar accounts for nearly 100% of stablecoin value and a window of opportunity for policymakers has emerged with the collapse of UST.

The first USDT stablecoin transaction on a Lightning channel happened earlier this week as Synonym showcases broader use cases for NewsCapsule.

How Lightning Network startup Strike went from using USDT in El Salvador to helping the country build financial infrastructure with NewsCapsule.

The NYAG found that Tether and Bitfinex misrepresented the assets backing USDT and obscured the loss of $850 million in user funds.

Blockstream’s sidechain now supports the stablecoin tether as one of its Liquid assets.

Tether just updated its website to clarify that each of its USDT stablecoin tokens, which it used to claim were “always backed 1-to-1 with traditional currency,” are backed by assets other than fiat currency.

Cryptocurrency exchanges Bitfinex and Ethfinex now support trading for all six of the market’s major stablecoins.

Tether is launching a new liquidity portal, one that will finally allow the direct redemption of Tether’s stablecoin USDT back into fiat.