Market Cap: $3.2197T 3.570%
Volume(24h): $219.238B 20.760%
Fear & Greed Index:

83 - Extreme Greed

Market Cap: $3.2197T 3.08%
Volume(24h): $219.238B 3.08%
  • Market Cap: $3.2197T 3.570%
  • Volume(24h): $219.238B 20.760%
  • Fear & Greed Index:
  • Market Cap: $3.2197T 3.570%

Select Language

Select Language

Select Currency

Who is the owner of Tether?

The ownership structure of Tether Holdings Limited, the issuer of the stablecoin USDT, remains undisclosed, raising concerns about potential conflicts of interest and the stability of the cryptocurrency.

Oct 01, 2024 at 05:05 am

Who Owns Tether?

1. Ownership Structure

Tether, the issuer of the stablecoin USDT, is owned and operated by Tether Holdings Limited.

2. Tether Holdings Limited

Tether Holdings Limited is a privately held company incorporated in the British Virgin Islands. The ownership structure of Tether Holdings Limited is not publicly disclosed.

3. Key Executives

The key executives of Tether Holdings Limited are:

  • Jean-Louis van der Velde: CEO
  • Paolo Ardoino: CTO

4. Connection to Bitfinex

Bitfinex, a cryptocurrency exchange, is closely associated with Tether. Some key executives of Bitfinex also hold positions at Tether Holdings Limited. However, Tether has repeatedly denied that Bitfinex owns Tether.

5. Transparency Issues

The ownership structure of Tether Holdings Limited and the lack of transparency surrounding its operations have raised concerns about potential conflicts of interest and the stability of USDT.

6. Legal Challenges

Tether has faced legal challenges regarding its reserves and transparency. In 2019, the New York Attorney General's Office alleged that Tether misrepresented the backing of USDT with "unsecured loans to its corporate affiliate, Bitfinex."

7. Regulatory Scrutiny

Tether and USDT have come under increasing regulatory scrutiny due to their potential impact on the stability of the cryptocurrency market. In 2021, the U.S. Commodity Futures Trading Commission (CFTC) launched an investigation into Tether.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Related knowledge

buy ethereum with usdt

Oct 31,2024 at 06:51pm

How to Buy Ethereum with USDTEthereum (ETH) is the second-largest cryptocurrency by market capitalization, and it is one of the most widely used cryptocurrencies for decentralized applications (dApps). If you want to buy Ethereum, you can do so using Tether (USDT), a stablecoin that is pegged to the US dollar.Here is a step-by-step guide on how to buy E...

how to send usdt without fees

Nov 03,2024 at 10:50pm

How to Send USDT Without Fees1. Choose an Exchange That Offers Fee-Free USDT TransfersSeveral exchanges allow users to send USDT without paying any fees. Some popular options include:OKXBinanceKuCoinGate.ioHuobi2. Create an Account and Verify Your IdentityOnce you have chosen an exchange, you will need to create an account and verify your identity. This...

how to sell usdt without p2p

Oct 29,2024 at 03:56pm

How to Sell USDT Without P2P1. Exchange PlatformsOKXBinanceCoinbaseKrakenGemini2. OTC Trading PlatformsBinance OTCHuobi OTCBitfinex OTCLocalBitcoins3. Crypto BrokersCoinbase ProBinanceUSKraken ProGemini ActiveTrader4. Payment ProcessorsPayPalSkrillNeteller5. Bank TransfersWire transfer to a bank account that supports cryptocurrencies.Steps:1. Choose a M...

how to buy usdt in usa without verification

Oct 31,2024 at 09:05pm

How to Buy USDT in the USA Without Verification1. Choose a non-custodial exchange that does not require verification.There are a few non-custodial exchanges that allow you to buy USDT without verification in the USA. These include:OKXBisqLocalBitcoins2. Create an account on the non-custodial exchange.Once you have chosen a non-custodial exchange, you wi...

how to send usdt without trx

Oct 23,2024 at 01:18pm

OverviewUSDT, or Tether, is a stablecoin pegged to the US dollar. This means that its value should always be around $1. However, unlike other stablecoins, USDT is not backed by a reserve of US dollars. Instead, it is backed by a variety of assets, including commercial paper, certificates of deposit, and other fiat currencies. These assets tend to lose v...

how to buy usdt without p2p

Oct 26,2024 at 02:12pm

How to Buy USDT without P2PStep 1: Choose a Reputable ExchangeOKXBinanceCoinbaseKrakenHuobi GlobalStep 2: Create an AccountFollow the instructions on the exchange's website to create an account. You may need to provide personal information, such as your name, address, and government-issued ID.Step 3: Deposit Funds into Your AccountTo buy USDT, you will ...

buy ethereum with usdt

buy ethereum with usdt

Oct 31,2024 at 06:51pm

How to Buy Ethereum with USDTEthereum (ETH) is the second-largest cryptocurrency by market capitalization, and it is one of the most widely used cryptocurrencies for decentralized applications (dApps). If you want to buy Ethereum, you can do so using Tether (USDT), a stablecoin that is pegged to the US dollar.Here is a step-by-step guide on how to buy E...

how to send usdt without fees

how to send usdt without fees

Nov 03,2024 at 10:50pm

How to Send USDT Without Fees1. Choose an Exchange That Offers Fee-Free USDT TransfersSeveral exchanges allow users to send USDT without paying any fees. Some popular options include:OKXBinanceKuCoinGate.ioHuobi2. Create an Account and Verify Your IdentityOnce you have chosen an exchange, you will need to create an account and verify your identity. This...

how to sell usdt without p2p

how to sell usdt without p2p

Oct 29,2024 at 03:56pm

How to Sell USDT Without P2P1. Exchange PlatformsOKXBinanceCoinbaseKrakenGemini2. OTC Trading PlatformsBinance OTCHuobi OTCBitfinex OTCLocalBitcoins3. Crypto BrokersCoinbase ProBinanceUSKraken ProGemini ActiveTrader4. Payment ProcessorsPayPalSkrillNeteller5. Bank TransfersWire transfer to a bank account that supports cryptocurrencies.Steps:1. Choose a M...

how to buy usdt in usa without verification

how to buy usdt in usa without verification

Oct 31,2024 at 09:05pm

How to Buy USDT in the USA Without Verification1. Choose a non-custodial exchange that does not require verification.There are a few non-custodial exchanges that allow you to buy USDT without verification in the USA. These include:OKXBisqLocalBitcoins2. Create an account on the non-custodial exchange.Once you have chosen a non-custodial exchange, you wi...

how to send usdt without trx

how to send usdt without trx

Oct 23,2024 at 01:18pm

OverviewUSDT, or Tether, is a stablecoin pegged to the US dollar. This means that its value should always be around $1. However, unlike other stablecoins, USDT is not backed by a reserve of US dollars. Instead, it is backed by a variety of assets, including commercial paper, certificates of deposit, and other fiat currencies. These assets tend to lose v...

how to buy usdt without p2p

how to buy usdt without p2p

Oct 26,2024 at 02:12pm

How to Buy USDT without P2PStep 1: Choose a Reputable ExchangeOKXBinanceCoinbaseKrakenHuobi GlobalStep 2: Create an AccountFollow the instructions on the exchange's website to create an account. You may need to provide personal information, such as your name, address, and government-issued ID.Step 3: Deposit Funds into Your AccountTo buy USDT, you will ...

See all articles

User not found or password invalid

Your input is correct

Cancel