Main page News

One of the USDT dollar backing banks was alleged to be Insolvent

According to the Modern Consensus report, the Noble bank that is used by stablecoin USDT for its dollar backing has gone insolvent. This news has negatively shaken the market.

The alleged insolvency of the bank was reported by the Modern Consensus blog. The statement was based on yet unidentified sources. Despite the fact that Noble is just one of Tether’s banks, the news outlet noted the connections between the founders of Tether and the financial institution.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.