-
Bitcoin $87,985.5737
0.72% - Ethereum
$1,574.8026
-3.90% - Tether USDt
$0.9999
0.00% - XRP
$2.0783
-1.83% - BNB
$600.4630
-0.57% - Solana
$138.7268
-1.43% - USDC
$1.0000
0.00% - Dogecoin
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-0.49% - TRON
$0.2468
0.93% - Cardano
$0.6232
-2.68% - Chainlink
$13.0447
-3.65% - UNUS SED LEO
$9.1903
-2.36% - Avalanche
$19.7884
-0.95% - Stellar
$0.2455
-2.64% - Toncoin
$2.9136
-3.77% - Shiba Inu
$0.0...01234
-3.12% - Sui
$2.2351
0.79% - Hedera
$0.1701
-0.34% - Bitcoin Cash
$343.8870
1.52% - Hyperliquid
$18.4355
1.81% - Litecoin
$78.5146
-0.23% - Polkadot
$3.7235
-4.61% - Dai
$1.0000
0.00% - Bitget Token
$4.4307
-2.55% - Ethena USDe
$0.9992
-0.01% - Pi
$0.6322
-0.72% - Monero
$215.4354
-0.09% - Pepe
$0.0...07934
0.95% - Uniswap
$5.2398
-3.49% - OKB
$50.8827
-0.49%
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.
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The long-term stability of USDT, also known as Tether, is a topic of significant interest within the cryptocurrency community. USDT is a type of stablecoin, designed to maintain a stable value by being pegged to a reserve asset, typically the US dollar. The stability of USDT is crucial for its widespread use in trading, as a hedge against volatility, an...
Will USDT be replaced by other stablecoins?
Apr 08,2025 at 06:28pm
The cryptocurrency market has seen a significant rise in the use of stablecoins, with Tether (USDT) being one of the most popular. However, the question of whether USDT will be replaced by other stablecoins is a topic of much debate within the crypto community. To understand this, we need to delve into the factors that could influence the dominance of U...
Is USDT's on-chain data public?
Apr 05,2025 at 08:49am
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Apr 06,2025 at 01:49pm
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Tether (USDT) is a widely used stablecoin in the cryptocurrency market, designed to maintain a stable value by pegging it to the US dollar. One of the critical aspects of understanding USDT is its reliance on bank custody. This article will delve into the mechanisms behind USDT's operations, specifically focusing on the role of bank custody in its ecos...
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Apr 03,2025 at 06:00am
The stability of USDT, also known as Tether, is a critical aspect that underpins its role as a stablecoin in the cryptocurrency market. USDT is designed to maintain a 1:1 peg with the US dollar, which is achieved through a combination of mechanisms and practices. Understanding these elements is essential for anyone interested in the stability and reliab...
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