1 / 13 Relevant items tagged with #USDT

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Tether USDT’s market share rises 20%, reaching 75% in two years

[today 1:48 PM] The world's largest stablecoin issuer generated around $400 million worth of revenue during the past 30 days.

UK Court Recognizes USDT as ‘Distinct Form of Property’

[yesterday 11:15 PM] A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible…

Fiat-Pegged Crypto Market Expands by $1.39B in Past Week, Led by USDT and USDC

[yesterday 5:25 PM] Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has…

Nigeria Accuses Four Crypto Traders of Forex Regulations Violations

[Sep 13 8:30 PM] The Nigerian government has filed criminal charges against four individuals and several firms for allegedly conducting illegal crypto transactions, including USDT to naira conversions, without a banking license. The four are Ejiogu A. Chinedu…

Tether Hires PayPal Government Affairs Ace as U.S. Scrutiny Unresolved

[Sep 13 4:55 PM] Tether hired a government-affairs veteran from PayPal and Chainalysis, Jesse Spiro, to head its own shop as the issuer of the leading {{USDT}} stablecoin has long been under a cloud of reported U.S. investigations.

Ride-hailing app Tada integrates TON crypto payments for Singapore rides

[Sep 13 11:23 AM] TON executive Harvey Kim told Cointelegraph that a new ride-hailing Telegram Mini App will accept Toncoin and USDT on TON.

UK court rules Tether is property in first English law post-trial crypto ruling

[Sep 13 3:56 AM] It comes a day after a UK government bill aimed to clarify that crypto was “personal property” under property laws.

Consumer protection watchdog warns about Tether's reserves

[Sep 12 9:07 PM] According to the S&P Global ratings agency, Tether scored a 4 out of 5 on its stability assessment, with 5 being the worst rating.

USDC issuer Circle adds Arbitrum to Web3 platform

[Sep 12 8:03 PM] It’s Circle’s latest effort to embed USDC into Arbitrum, a hub for DeFi, and to compete with Tether’s USDT.

State Regulator Warns of Crypto Fraud After Investor Loses $750K

[Sep 11 11:20 AM] The Washington State financial regulator has issued a warning about potential cryptocurrency fraud involving a mining platform and wallet. A Washington investor was scammed out of over $750,000 after investing. Despite the investment supposedly…

Tron, Tether and TRM Labs Start Financial Crime Fighting Force

[Sep 10 11:20 AM] The T3 Financial Crime Unit (T3 FCU) is looking to clean up USDT issued on Tron, a blockchain favored by bad actors.

Stablecoin Economy Expands $1.08B in 2 Weeks Despite Reductions in Key Coins

[Sep 7 2:35 PM] In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million. Modest $1.08B Growth in Stablecoin…

‘Overly optimistic’ Bitcoin traders washed out as BTC futures turn ‘neutral’

[Aug 28 6:30 PM] The Bitcoin futures premium plunged to its lowest levels in 10 months, but traders have refused to turn bearish.

Washington State Regulator Warns of Potential Fraud by BIB Crypto Platform

[Aug 28 8:30 AM] The Washington State Department of Financial Institutions (DFI) issued a consumer alert on Tuesday, stating that it has received a complaint regarding possible fraudulent activities by a cryptocurrency trading platform named BIB. An investor…

PayPal’s PYUSD stablecoin hits $1B market cap

[Aug 26 8:09 PM] PYUSD is competing with rivals such as Circle’s USDC and Tether’s USDT.

Tether has 'redistributed' $108.8M USDT from illicit activity since 2014

[Aug 24 1:40 AM] The most recent seizure of $5 million USDT from pig-butchering scams marks a "significant victory" in the ongoing fight against cyber fraud, according to Tether.

Tether shuns blockchain launch, cites market concerns

[Aug 23 1:01 PM] Tether’s decision to avoid launching its blockchain stems from the crowded market and strategic alignment with existing platforms.

Skyfire launches blockchain payment network that lets AI spend your money

[Aug 21 8:49 PM] The company is currently focused on B2B, but there are countless potential applications for consumers.

Bitcoin Recovers To $61,000, Here Are The Possible Reasons

[Aug 20 9:30 PM] Bitcoin has made a recovery back towards the $61,000 level during the past day. Here are the factors that could be behind this surge. Bitcoin Has Made Some Recovery During The Last 24 Hours After showing lackluster price action under $60,000 during…

Tether to Launch USDT Stablecoin on Aptos Blockchain

[Aug 20 7:30 PM] Tether, the issuer of USDT, the largest dollar-pegged stablecoin in the crypto market, has announced the launch of its star product on Aptos, a scalable and rapid blockchain. Tether seeks to offer rails with “extremely low gas fees”…

Tether mints another $1B USDT on Tron network

[Aug 20 9:40 AM] Tether mints $1 billion USDT on Tron, pushing its total tokens minted in the last year to 33 billion.

Bank of Ghana Unveils Proposed Virtual Asset Regulations

[Aug 20 4:30 AM] The Bank of Ghana has released draft regulations aimed at creating a framework for the cryptocurrency industry. The rules are designed to protect consumers, prevent financial crimes, and encourage financial inclusion. Virtual asset service…

Tron Founder Justin Sun Links Meme Coin Push to USDT Liquidity

[Aug 19 9:00 AM] Justin Sun, founder of the Tron blockchain ecosystem, clarified the reasons behind his drive to bring meme coins to the Tron network. According to Sun, the Tron blockchain has the upper hand compared to other chains, being home to $60 billion USDT…

Tether expands USDT to Aptos blockchain for lower fees

[Aug 19 8:57 AM] Tether's USDT is now live on the Aptos blockchain, aiming to enhance digital currency use with ultra-low fees.

Nigeria Seizes $37.5M in Digital Assets After Court Grants Freezing Order

[Aug 16 6:30 PM] The Nigerian government has seized approximately $37.5 million in digital assets from the organizers of the Endbadgovernance protests. The funds were frozen by a court order based on a claim by the Economic and Financial Crimes Commission, which…

Does Hong Kong have issues with USDT and USDC? OSL exec weighs in

[Aug 16 11:21 AM] As Hong Kong looks into creating HKD and USD stablecoins, a local industry executive has addressed possible implications for stablecoins like UDST and USDC.

Bitcoin Observes Pullback To $58,000: Is This The Cause?

[Aug 15 10:30 PM] Bitcoin has observed a pullback down to the $58,000 level during the past day. Here’s what could be the cause behind it, according to on-chain data. Exchanges Have Seen A Large Amount Of Tether Withdrawals Recently According to data from the…

Tether Invests $3 Million in Kem App to Boost USDT Usage in the Middle East

[Aug 14 7:30 PM] Stablecoin issuer Tether has announced a $3 million strategic investment in the Kem app, a platform for money transfers and financial management. This collaboration aims to introduce USDT on Kem’s platform, promoting widespread adoption in…

Bitcoin Price May Turn Lower as Crypto Exchanges See $1B USDT Withdrawal: IntoTheBlock

[Aug 14 4:44 PM] The previous two occasions when exchanges saw similar USDT outflows earlier this year occurred near local tops in bitcoin's price, IntoTheBlock analysts noted.

Tether crypto exchanges balance hits record high as Treasury prints $1B USDT

[Aug 14 11:44 AM] If the Fed signals a rate cut, as CME data strongly suggests, crypto traders may quickly deploy their stablecoin reserves to drive a market rally.