Reuters Wednesday September 22, 2021 08:26. Evergrande. The Financial Services Agency or FSA is the largest financial regulator in Japan. Astrology can date-stamp predictions about crossroads and turning points for Bitcoin, Robinhood, Evergrande - in fact any currency or financial, business or property entity. Tether is of course, tied to Bitcoin. If Tether is tied to Evergrande bonds, it's going to get really messy really fast! Meanwhile, based on data from the People's Bank of China, Chinese commercial paper ended . Ok as i explained ETHEREUM & BITCOIN Defaults because TETHER is tied to Both. Tether published its first Reserves Breakdown in March 2021. According to analysis by the Wall Street Journal, Evergrande's risk of default also affects Tether (USDT), a coin that plays an important role in the cryptocurrency ecosystem. BC-Tether-Executives-Said-to-Face-Criminal-Probe-Into-Bank-Fraud , Bloomberg. If Tether is tied to Evergrande bonds, it's going to get really messy really fast! Tether has been referred to as a "stablecoin" in the crypto space due to the company's historical claims that it was equivalent to $1 USD and was backed 1-to-1 by "traditional currency" reserves. Large Chinese real estate company Evergrande defaulted on $1.2 billion in bonds last year. Tether is of course, tied to Bitcoin. yes." The Federal Reserve published its Financial Stability Report on Nov. 8 and noted risks related to Evergrande and its exposure in crypto markets The bitcoin-tether price action has plunged 39% from its 69k high on Nov. 21, with a 27% flash crash on Dec. 3-4 that printed this weekend's 42k low. Hehe. The Hitch. Evergrande is the biggest property developer firm in China by sales. Nonetheless, that hasn't at all times been the case. As we have indicated in our published statements and in our most recent assurance attestation with a reporting date of June 30, 2021, the vast majority of the commercial paper held by Tether is in . Recently, the FSA has decided to limit the flow of stablecoin projects like Tether in the country with new regulatory restrictions. Right now this company is facing a big problem and also warned that the firm is in danger of defaulting on massive debts. If this is true it explains the recent tank and could make things much worse. Tether's pivotal role in the crypto ecosystem is . 79 comments. As you know this is where PENDULUM plays its role and brings all their Liquidity into Stellar like a thief in the Night, been hiding in the bush all this time with the Rangers. But the popular stablecoin has been tight-lipped about what types of loan do . Tether is what's known as a stablecoin. Ashmore Group Plc, a London-based money manager that specializes in buying emerging-market debt, was one of the biggest holders of the company's bonds with more than $400 million worth . Since those claims that garnered it "stablecoin" status were made years ago, Tether subsequently revealed that its coin was backed only . LONDON (Reuters) - Stocks found relief and riskier currencies gained on Wednesday as market jitters around China Evergrande eased, with the embattled developer striking a deal to pay a coupon on one of its domestic bonds. It's got a market capitalization of more than $60 billion. But if Tether's assets are tied up in Evergrande debt paper, and if Evergrande is now in default, then it stands to reason that even if Tether had full backing of all its stablecoins before the Evergrande fiasco, the default by Evergrande would wipe out potentially tens of billions of dollars in Tether's accounts receivables, rendering . Evergrande, China's largest property developer, is facing a liquidity crisis with total debts of around $300 billion. Bruce Pang, an economist at China Renaissance Securities, said a default could lay the groundwork for a healthier economy in the future. And on top of that, another question looms: why does Tether have over 50% of its reserves in commercial . Has anyone researched this? 100.0K edited May 7 at 22:20. But if Tether's assets are tied up in Evergrande debt paper, and if Evergrande is now in default, then it stands to reason that even if Tether had full backing of all its stablecoins before the Evergrande fiasco, the default by Evergrande would wipe out potentially tens of billions of dollars in Tether's accounts receivables, rendering it . EGRNY. Likewise for Cardano which fell from $3.06 to $2.74 before recovering to . 27, 2022. [Done in 30] Anywhere between Sunday May 8 - May 10 to June 8/9. Institutional investors are looking to convert their investments into liquid cash to avoid crypto's volatility. Nathan Anderson, founder of forensic financial research firm Hindenburg Research, suspects Tether is hiding . China will announce their Gold Backed too. Then XRP in 1 Submarine will . t.me/Whiplash347 /111737. Obviously, if Evergrande defaults, then any exposure that Tether has to Evergrande blows up almost instantly. Anyone else concerned about the Evergrande default? Evergrande's impact on cryptos in the past. Much of this Chinese commercial paper was suspected to be tied to Evergrande, a Chinese real estate developer who defaulted on debt repayments at the beginning of December. Think EVERGRANDE. 01:27 PM, May. 27, 2022. I call this the digital global reset, or the "crypto reset." And many analysts are now sounding the alarm on all . Doq Holliday @doqholliday. Astrology, Bitcoin and Tether. That's a risky asset. (2 minutes) Bitcoin fell sharply on Monday as a wave of selling triggered by tumult in China's indebted property . Tether (often called by its symbol USD) is an asset-backed cryptocurrency stablecoin.Tether tokens were first issued on the Omni Layer Protocol blockchain on 06 October 2014, and were later issued on the Ethereum blockchain on 28 Nov 2017.As of July 2022, Tether tokens are issued on ten different blockchains. Many analysts believe that a significant portion of Tether's claimed "assets" are actually Evergrande debt paper. These are digital currencies that are tied to real-world assets the U.S. dollar, for example to maintain a stable value, unlike most cryptocurrencies. Something looks like it's going to break on the stablecoin front soon. The crypto market retraced after reports surfaced that Evergrande could go under due to a $300 billion debt. The company explains that it now owns 21% less commercial paper than Q4 of 2021, alleviating concerns over the Evergrande debt. China's loose and reactive (at best) financial regulatory environment is one reason anxiety around Tether has largely centered on whether it holds Chinese commercial paper in general - not just. Cramer fears a domino effect, although Tether does not have direct exposure to Evergrande. 100.0K edited May 7 at 22:20. Tether, stablecoins and the crypto ecosystem It appears that the crypto ecosystem is a mass counterfeiting operation The Maxwell trial is bringing all sorts of craziness to light, and Epstein is tied to the origins of Bitcoin The Evergrande-Tether-Bitcoin "time bomb" and many vido ***** [link to www.naturalnews.com (secure)] By Alexander Osipovich. Astrology can date-stamp predictions about crossroads and turning points for Bitcoin, Robinhood, Evergrande - in fact any currency or financial, business or property entity. The tumble appears to have been triggered by the mounting problems at embattled property giant China Evergrande Group. But whatever, Tether did that and more, nobody cared, we're on the next tier of the Narcissist's Prayer [1]. The problems faced by the company could impact China's economy, and the global . But if Tether's assets are tied up in Evergrande debt paper, and if Evergrande is now in default, then it stands to reason that even if Tether had full backing of all its stablecoins before the Evergrande fiasco, the default by Evergrande would wipe out potentially tens of billions of dollars in Tether's accounts receivables, rendering . As you know this is where PENDULUM plays its role and brings all their Liquidity into Stellar like a thief in the Night, been hiding in the bush all this time with the Rangers. Many crypto analysts believe that Tether is holding Evergrande paper as a significant portion of its "assets." No one knows for sure, since Tether won't submit to an audit. Ok as i explained ETHEREUM & BITCOIN Defaults because TETHER is tied to Both. t.me/Whiplash347 /111737. Many analysts believe that a significant portion of Tether's claimed "assets" are actually Evergrande debt paper. To be completely transparent, Tether Holdings Ltd. stated that it didn't hold . The Federal Reserve published its Financial Stability Report on Nov. 8 and noted risks related to Evergrande and its exposure in crypto markets The bitcoin-tether price action has plunged 39% from its 69k high on Nov. 21, with a 27% flash crash on Dec. 3-4 that printed this weekend's 42k low. 2021 has been a year of both milestones and controversies for Tether [USDT]. Tether issued a statement in mid-September to say it did not hold any commercial paper related to Evergrande. Then XRP in 1 Submarine will be freed. I thought, yeah maybe..now its plain as dayAlso one has to wonder if tether is tied to Evergrande like some say. Tether openly says they count "receivables" as assets, meaning Tether loans money to corporations or other entities, then counts the receivables as hard assets backing its Tether stablecoin. According to Yahoo Finance, three exchanges with ties to China - Binance, Huobi, and ByBit - saw a spike in trade volume between 13:11 and 13:16 UTC . Update Protocol 19 Test Monday May 9. However, the company could still be tied to other organizations that are exposed to the unfurling mess that is the . Tether clearly said that there are no issued or any kind of paper by the Evergrande and also no any type of further trading relationship. It is worth noting that stablecoins are cryptocurrencies with their value tied to a paperback like a yen or USD and In September 2021, when the news of Evergrande's inability to repay its liabilities on due date broke, the impact was immediately felt in the crypto investment space. Only people mentioned by @doqholliday in this post can reply. Many analysts believe that a significant portion of Tether's claimed "assets" are actually Evergrande debt paper. [Done in 30] Anywhere between Sunday May 8 - May 10 to June 8/9. Think EVERGRANDE. Evergrande's main unit had. A U.S. probe into Tether is homing in on whether executives behind the digital token committed bank fraud, a potential criminal case that would have broad implications for the cryptocurrency market. USDC becoming radically transparent while UST is making strange moves. Other Blockchains will go too like SOLANA. If Tether goes belly up, Bitcoin (and other cryptos) craters as well. So let the forecasting begin. Read more about the story.. As we wrote in August, solely 2.9% of Tether's reserves are held in money. Accordingly, Tether is classified as a "Stablecoin", meaning it has a stable value, little volatility, and is pegged to another stable asset such as gold or fiat currency . Updated Mar 11, 2022 at 8:18 a.m. PST. In October, Tether crossed $70 billion in market cap, pushing it into the list of the market's top five cryptocurrencies.And yet, with the Evergrande debt crisis and the CFTC's scrutiny, the Hong Kong-based stablecoin had to deal with FUD about its holdings - yet again. So let the forecasting begin. Something looks like it's going to break on the stablecoin front soon. Approximately half of Tether's $62.8 billion assets as of the end of June 2021, were backed by commercial paper and certificates of deposit, according to the company. Tether openly says they count "receivables" as assets, meaning Tether loans money to corporations or other entities, then counts the receivables as hard assets backing its Tether stablecoin. "@dstnrye @Ark_of_Rooster lol yes tether tied to election fraud and many other things. As you know this is where PENDULUM plays its role and brings all their Liquidity into Stellar like a thief in the Night, been hiding in the bush all this time with the Rangers. Become Premium Tether Continues to Justify USDT's Controversial Backing Tether, the parent company behind USDT, has a new report detailing how the stablecoin is backed. I call this the digital global reset, or the "crypto reset." And many analysts are now sounding the alarm on all . Other Blockchains will go too like SOLANA. Bitcoin, the world's largest cryptocurrency, was off 7% Monday to around . USDT's purported treasury assets (and hypothetically its dollar peg) would've suffered significantly if Tether held commercial paper tied to either company. Russian Gold Backed Ruble this week the Strongest currency in the World. This site is made by just two indie developers on a laptop doing marketing, support and development! (AP) Mr Peters said the cryptoassets most likely to be affected by a collapse of Evergrande were those tied to reserve assets . By way of background, the Evergrande 3/23/22 bond we highlighted below a few days ago is trading at 66 cents on the dollar and now yielding a whopping 85.6% (vs. 69 cents on the dollar and a 73% . Russian Gold Backed Ruble this week the Strongest currency in the World. In September, Tether issued a statement: "To be clear," they said, "our commercial paper is not tied to Evergrande.". The most popular one, Tether, launched in 2014 and is pegged to the dollar. China will announce their Gold Backed too. Think EVERGRANDE. China has implemented a ban on cryptoasset trading inside the country. Astrology, Bitcoin and Tether. Now, with the emergence of Evergrande's turmoil, so too has turmoil emerged for Tether. The Euro STOXX 600 added as much as 0.8%, recovering its losses from earlier in . Over two-thirds of Bitcoin is purchased with Tether. HONG KONG (Reuters) - Tether, the world's largest 'stablecoin', said in a statement it does not hold any commercial paper or securities issued by embattled developer China Evergrande Group . According to Coindesk, a buyer or group of buyers purchased $1.6 billion worth of bitcoin in a matter of minutes on centralized exchanges, driving the price of the cryptocurrency up 5 percent. Other Blockchains will go too like SOLANA. USDC becoming radically transparent while UST is making strange moves. Updated Sept. 20, 2021 5:33 pm ET. (Bloomberg) --. Think EVERGRANDE. Doq Holliday @doqholliday. The Evergrande Group is the second-largest property developer in China by sales. Even before Evergrande and Sinic defaulted, it was a speculative asset. BTC & Ethereum etc will be dead with Evergrande - Tether & USD. Then, the developers can pay the debt and Tether gets an outsized return for the risk. Only people mentioned by @doqholliday in this post can reply. He told viewers that tons of Chinese companies could be crushed by Evergrande, which could impact Tether, which in turn would impact the rest of the industry. "If Evergrande were to fail with the fading belief of . But a specific concern regarding USDT is that the opaque company that oversees Tether may be exposed to Evergrande. Despite being the subject of Evergrande corporate debt rumours, Tether traded within a tight range of $1.3824 to $1.3760. Ok as i explained ETHEREUM & BITCOIN Defaults because TETHER is tied to Both. BTC & Ethereum etc will be dead with Evergrande - Tether & USD. As you know this is where PENDULUM plays its role and brings all their Liquidity into Stellar like a thief in the Night, been hiding in the bush all this time with the Rangers. Hehe. Tether, the largest stablecoin by market capitalization, could be susceptible to a market domino effect. - Top 5 stablecoins (current) Tether's market value dropped by about US$600 million (S$837.4 million) this week, bringing declines since just before TerraUSD's implosion to roughly US$17 billion, CoinGecko data shows. USDT tokens are involved in half of worldwide Bitcoin . Listen to article. Tether's market value dropped by about US$600 million (S$837.4 million) this week, bringing declines since just before TerraUSD's implosion to roughly US$17 billion, CoinGecko data shows. In recent days, protests by angry home buyers and investors have broken out in . The tokens are issued by the Hong Kong company Tether Limited, which in turn is . Additionally, it is China's largest issuer of commercial paper with more than $300 billion in debt, according to reports. 01:27 PM, May. Tether openly says they count "receivables" as assets, meaning Tether loans money to corporations or other entities, then counts the receivables as hard assets backing its Tether stablecoin. To think there were people calling this out in 2017.i for one remember a poster on zerohedge named TMosley ranting about the tether scam back then. Even so, worries still abound that if Evergrande does fail, Tether is still at risk by proximity. Also read: Can Bitcoin end 2021 with a price tag of $100,000? Furthermore, it listed commercial paper as constituting 65% of its cash and cash . If Tether collapses, it's going to cut off the entire crypto ecosystem, he said. Another firm, Kaisa, defaulted on $400 million in bonds. Justin Bieber's facial paralysis tied to chickenpox, says doctor Category: News LIVE: Employee mental well-being and the role of HR in providing resources 6/13/2022 Obviously, if Evergrande defaults, then any exposure that Tether has to Evergrande blows up almost instantly. But if Tether's assets are tied up in Evergrande debt paper, and if Evergrande is now in default, then it stands to reason that even if Tether had full backing of . In those two years, bitcoin's market cap has gone up eight times, from $159 billion to $1.3 trillion. There is a very decent probability that Tether has become one of the biggest property developers by buying their short-term commercial paper debt. If so, Taiwan could be one the table very shoon too.. Update Protocol 19 Test Monday May 9. evergrande and crypto: just how intertwined are they?the crypto market retraced after reports surfaced that evergrande could go under due to a $300 billion debt.tether, the largest stablecoin by market capitalization, could be susceptible to a market domino effect.institutional investors are looking to convert their investments into liquid cash Over two-thirds of Bitcoin is purchased with Tether. This isn't a problem if the Chinese property market continues growing at the pace it has been. evengrand. Tether is tied to the greenback, and in principle, it ought to have sufficient non-crypto money in reserve to again every USDT token that is issued. Evergrande owns more than 1,300 real estate projects in over 280 cities in China, according to the company's website. The company's largely resigned investors are now waiting to see what Evergrande, under the advice of a group of financial types tied to the state, will do next. Other Blockchains will go too like SOLANA. To be clear, Tether has denied that it's exposed to China Evergrande. If Tether goes belly up, Bitcoin (and other cryptos) craters as well. Meanwhile, based on data from the People's Bank of China, Chinese commercial paper ended . The remainder is in money equivalents, secured loans, and company . Tether is the largest stablecoin by market capitalization and it represents 4.43% of the entire . Fir Tree Capital Management, a hedge fund with $4 billion in assets under management, has made a sizable short bet against the stablecoin tether (USDT . In those two years, bitcoin's market cap has gone up eight times, from $159 billion to $1.3 trillion. It's reportedly heavily tied to tether which makes up a large part of the bitcoin market. The new problem is we have circumstantial evidence that at least some of Tether's assets are Chinese developers' commercial paper. The selloff could impact Tether's and other stablecoins' reserves. On March 6, 2022, the market valuation tied to the stablecoin tether surpassed the $80 billion mark. The Federal Reserve published its Financial Stability Report on Nov. 8 and noted risks related to Evergrande and its exposure in crypto markets The bitcoin-tether price action has plunged 39% from its 69k high on Nov. 21, with a 27% flash crash on Dec. 3-4 that printed this weekend's 42k low. Become a Premium Member ($3/month or $30/year) and get exclusive features!. The crypto market retraced after reports surfaced that Evergrande could go under due to a $300 billion debt. At the time, many of Tether's critics feared that if the firm held a significant amount of Evergrande-issued debt obligations, the default could have caused a bank run on USDT. Tether, the largest stablecoin by market capitalization, could be susceptible to a. Ok as i explained ETHEREUM & BITCOIN Defaults because TETHER is tied to Both.
tether tied to evergrande
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