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.
10 / 22 Relevant items tagged with #Tether
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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…
Celo Adds Tether’s USDT as Gas Currency
[Apr 9 8:28 PM] Celo, a low-fee, usability-focused blockchain, has approved using Tether’s USDT, a dollar-pegged stablecoin, to pay transaction fees. The passed governance proposal stated this functionality would simplify the transaction experience for…
Bitcoin: Will This “Dry Powder” and Historical Trends Fuel A Price Boom?
[Apr 4 2:30 PM] While Bitcoin has dipped from its recent highs of around $74,000, some analysts are urging investors to stay calm and even see this as a buying opportunity. So far, Bitcoin prices have remained under pressure, trickling lower in the past trading…
Tether Grants BTCPay Server $100,000 To Continue Working On Enabling Anyone To Accept Bitcoin
[Apr 2 9:53 AM] Today, stablecoin issuer Tether announced a significant award of $100,000 to the BTCPay Server Foundation that underscores Tether's strong backing for the Free and Open Source Software (FOSS) movement, emphasizing its commitment to advancing…
Tether Amplifies Bitcoin Holdings With Strategic 8,888.88 BTC Addition
[Apr 1 11:29 AM] Onchain data reveals the stablecoin giant Tether has once again bolstered its bitcoin reserves, making an addition of 8,888.88 bitcoins to its wallet as of March 31. Tether’s Bech32 address now ranks as the seventh-largest holder of bitcoin…
Tether Added Nearly 8.9K Bitcoin to Holdings in First Quarter: On-Chain Data
[Apr 1 9:22 AM] The stablecoin issuer's BTC holdings now top 75,000 tokens worth about $5 billion.
Stablecoin Market Swells With Growth in March, Led by Ethena’s USDE
[Mar 31 8:09 AM] This month we have witnessed a continuous expansion in the stablecoin domain, eclipsing the $150 billion mark on March 20, 2024, with an infusion of an additional $1.4 billion into the arena since then. Leading the pack in supply growth for March…
UK, US Probe $20B in USDT Transfers by Sanctioned Russian Crypto Exchange
[Mar 29 5:28 AM] The U.K. and the U.S. are reviewing tether transactions, valued at $20 billion, processed by the sanctioned cryptocurrency exchange Garantex. Digital currency transactions and crude oil sales are believed to be a significant source of foreign…
Tether Formally Announces a Shift Towards Open-Source AI
[Mar 28 11:45 PM] Tether, one of the largest cryptocurrency-based companies, has announced a formal expansion into AI, looking to develop open-source models and setting standards in this new industry. For this task, Tether is opening a global recruitment for…
Illicit Funds in Crypto Ecosystem Shrank 9% Last Year, Yet Criminals Still Handled Nearly $35B: TRM Labs
[Mar 27 6:00 AM] Illicit activity in the cryptocurrency ecosystem appears to have reduced, with the total illicit funds shrinking by 9% in 2023 compared to 2022, even though criminals still handled over $34 billion worth of cryptocurrencies, Blockchain analytics…