6 / 19 Relevant items tagged with #Tether

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Tether Q1 2024 Attestation Reveals Record $4.52 Billion Profits

[May 2 8:18 PM] Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels…

Chainalysis will help Tether monitor secondary market for illicit activity

[May 2 2:48 PM] The blockchain analytics firm will provide tools to spot sanctioned and illicit activity and provide market information.

Tether Enters Transaction Surveillance Partnership with Chainalysis as Regulatory Pressure Mounts

[May 2 12:51 PM] The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said.

Binance ties SAFU fund to USDC: Is the fund missing out on potential gains?

[May 2 7:45 AM] Binance has exchanged a diversified $1 billion crypto portfolio in SAFU funds into USD Coin.

Stablecoin Giant Tether Strikes Gold: Achieves Record Net Profit Of $4.5 Billion In Q1

[May 1 3:00 PM] Stablecoin issuer Tether, a prominent player in the cryptocurrency market behind the widely used USDT stablecoin, has released its audit statement for the first quarter of 2024, accompanied by a report conducted by independent accounting firm BDO. …

Tether nets record $4.5B profit in Q1 2024 — majority from Bitcoin and gold

[May 1 6:31 AM] The majority, or $3.52 billion, of the profit stemmed from the firm’s financial gains on Bitcoin and gold, while the additional $1 billion came from operating profits.

Tether Invests $200 Million in Blackrock Neurotech, Launches Evo Division

[Apr 30 8:38 PM] Tether, the giant behind the world’s largest stablecoin USDT, announced a $200 million strategic investment in Blackrock Neurotech, a brain-interface company. The investment also marks the launch of Evo, a new business division for the…

USDC Beats USDT In Transaction Volume By Over 400% – Details

[Apr 30 2:50 AM] The seemingly unshakeable reign of Tether (USDT) as the king of stablecoins faces a new challenger. Circle’s USD Coin (USDC) has pulled off a surprise victory, recording a higher transaction volume than Tether in April 2024, according to…

US stablecoin bill to ‘cement’ dollar dominance, fight sanction evasion

[Apr 29 7:41 AM] The Lummis-Gillibrand Payment Stablecoin Act is a step in the right direction, but enactment in an election year may be difficult.

Circle’s USDC overtakes Tether’s USDT in stablecoin transactions — Visa

[Apr 29 7:13 AM] Despite Circle’s rising transaction count, Tether’s USDT still accounts for over 68% of the entire stablecoin market.

Tether Buys $200M Majority Stake in Brain-Computer Interface Company Blackrock Neurotech

[Apr 29 7:11 AM] The investment will fund the roll-out and commercialization of the company's medical devices.

Stablecoin firm Tether invests $200M in neurotech company

[Apr 29 7:00 AM] Tether’s brand new division, Tether Evo, has completed a $200 million strategic investment in the neural implant firm.

Turkey tops the world in stablecoin buying share vs. GDP

[Apr 25 7:00 AM] Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis.

Tether's Stablecoin Dominance May Wane Following Proposed U.S. Rules: S&P

[Apr 24 9:51 AM] The new regulations could offer banks a competitive edge by limiting institutions without a banking license to a maximum stablecoin issuance of $10 billion, the report said.

Number of Stablecoin Holders Nears 100M Mark, Data Show

[Apr 24 5:08 AM] The number of addresses holding stablecoins has risen 15% this year.

Tether Will Freeze Wallets Evading Venezuelan Sanctions

[Apr 24 12:31 AM] Use of Tether has increased in Venezuela after the U.S. reimposed sanctions on oil exports.

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

[Apr 23 1:19 PM] PDVSA, the state-owned Venezuelan oil company, would be preparing to migrate more of its payments portfolio to USDT, a dollar stablecoin, to avoid being affected by the restitution of U.S. sanctions. Reuters reported that the company started…

Stablecoin Market Hits $160 Billion, Reaching Heights Not Seen Since Terra’s Crash

[Apr 22 11:22 AM] This week, the value of the fiat-pegged cryptocurrency economy has climbed to $160 billion, a peak last observed in May 2022, shortly before Terra’s UST detached from its intended $1 parity on May 9, 2022. In the past month, various…

Tether Integrates USDT on TON Network, Targets 900 Million Telegram Users

[Apr 21 9:18 PM] Tether, the stablecoin company, has launched native USDT, the largest dollar-pegged stablecoin, on The Open Network (TON). With this addition, over 900 million Telegram users can seamlessly transfer digital dollars, without having to type crypto…

Tether Officially Reorganizes, Announces Four Different Business Divisions

[Apr 19 4:27 PM] Tether, one of the largest companies in the cryptocurrency industry, has announced a reorganization of its business operations, seeking to restructure to support its expansion. Tether will now have four business divisions: Tether Data, focused on…

Stablecoin Market Climbs $2.81B in a Week, Nearing $160B Valuation

[Apr 19 2:28 PM] Over the past seven days, the stablecoin sector has expanded by $2.81 billion, bringing the dollar-pegged cryptocurrency market close to a total valuation of $160 billion. A significant portion of this growth, exceeding $2 billion, is attributed to…

Toncoin Price Jumps 17% As Tether Widens Payment Choices On Telegram’s TON Network

[Apr 19 10:00 AM] Tether, the company behind the largest stablecoin in the market, USDT, has made a significant expansion move that has propelled the Toncoin price, the native token of The Open Network (TON), by 17% in the past 24 hours.  Tether Expands Reach To 15…

Tether Seeks to Boost Peer-to-Peer Payments on Telegram by Expanding Dollar, Gold Stablecoins to TON Network

[Apr 19 5:08 AM] The TON network has seen rapid growth recently helped by incentives for onboarding Telegram users.

Sen. Lummis: It'll Pay to 'Choose Circle Over Tether' Under U.S. Stablecoin Proposal

[Apr 18 12:44 PM] Circle Internet Financial would have a distinct advantage over global stablecoin leader Tether under U.S. regulations along the lines being suggested by new legislation, according to one of the latest bill's authors, Sen. Cynthia Lummis (R-Wyo.).

Tether Reorganizes Into 4 Divisions as It Expands Beyond Stablecoins

[Apr 18 5:15 AM] The company has formed four divisions to reflect its broadening focus: Data, Finance, Power and Edu(cation).

Tether, Circle Diverge on How to Tackle Global Patchwork of Stablecoin Rules

[Apr 16 3:30 AM] The two largest digital dollar providers have chosen different paths in dealing with a perceived lack of global clarity on stablecoin rules: Circle is looking to U.S. lawmakers to provide guidance, while Tether is taking a hands-on approach to…

Tether Announces Upcoming Release Of Multi-Chain Tokenization Platform

[Apr 15 1:36 PM] Tether is preparing the release of an in-house developed tokenization solution. Paolo Ardoino, CEO of Tether, announced on social media that the company is on the verge of releasing a white-label, multichain tokenization platform available for…

Stablecoin Market Expands by $4.46 Billion in 12 Days

[Apr 12 1:37 PM] In the last 12 days of April, the stablecoin sector expanded by $4.46 billion, reaching a current valuation of $155.86 billion. Additionally, the top five dollar-pegged cryptocurrencies experienced an increase in their supplies over the last 30…

Stablecoins Are Beneficial to U.S. Economy, Tether's Custodian Says

[Apr 11 3:58 AM] Stablecoins boost demand for U.S. Treasury notes, Howard Lutnick, the CEO of Tether custodian Cantor Fitzgerald, said.

Bitwise President Praises Tether’s Successful Business Model

[Apr 10 2:23 AM] Teddy Fusaro, president of Bitwise, one of the crypto index fund managers, has praised the business model of Tether, the company behind the largest stablecoin in the crypto market. Fusaro emphasized that Tether obtained net income numbers close to…