Tethers

Judge Dismisses Tether’s Dismissal Bid In $4B Bitcoin Lawsuit With Celsius

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Celsius gets the green light to go ahead with its $4bn Bitcoin lawsuit against USDT issuer, Tether after Judge refuses dismissal bid

USDT issuer Tether has been dealt a blow in its multibillion-dollar lawsuit with Celsius after a US bankruptcy judge ruled that the lawsuit can proceed. The judge denied Tether’s attempt to dismiss claims that it “improperly” liquidated Celsius’s Bitcoin collateral during the crypto lender’s collapse in 2022. Per court documents filed in New York on … Read more

Can Circle’s IPO overcome Tether’s dominance in the stablecoin space?

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Can Circle’s IPO overcome Tether’s dominance in the stablecoin space?

As Circle files for its IPO, what implications will this have for the broader stablecoin market? Can it challenge Tether’s $160B dominance? Circle comes full circle with its IPO bid Circle, the company behind the USD Coin (USDC) stablecoin, has officially filed to go public. On Apr. 1, it submitted its registration documents to the … Read more