2 / 16 Relevant items tagged with #USDT

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Tether swaps more than 2 billion USDT to the Ethereum network

[Nov 6 9:48 PM] The vast majority of Tether's USDT volume exists on the Tron network due to comparatively lower fees and faster transaction finality. 

Six Months, $1 Billion: TON Network’s Explosive USDT Adoption Milestone

[Nov 5 10:00 AM] The partnership between The Open Network (TON) and Tether has reached new heights as the USDT stablecoin experienced a massive surge in just a few months since the start of their collaboration. A remarkable feat that saw a massive increase in the…

Thailand Arrests Police Officers Accused of Staging Fake Interrogation to Extort 165,000 USDT

[Nov 2 6:30 AM] Thai police arrested seven individuals, including six officers, for allegedly staging a fake arrest and extorting 165,000 USDT from a Chinese-Vanuatu citizen. Fraudulent Legal Threats Thai police recently arrested six police officers and one…

Inside Tether’s $14.2B Equity Peak—Key Takeaways From the Q3 Attestation

[Nov 1 1:30 PM] Tether’s third-quarter attestation for 2024, led by auditor BDO, highlights record profit levels, reserve expansion, and substantial U.S. Treasury holdings. Tether’s Q3 Performance Ranks Among Top U.S. Treasury Holders In its latest…

Tether posts $2.5B in Q3 profits, with 2024 earnings reaching $7.7B

[Oct 31 8:20 PM] Tether’s consolidated profit in 2024 has reached $7.7 billion, with $14.2 billion in equity and total assets of $134.4 billion. 

Tether Reports $2.5B Profit in Q3, Holds Over $100B of U.S. Treasuries

[Oct 31 8:08 PM] The company's flagship stablecoin USDT is the third-largest cryptocurrency with a $120 billion market capitalization.

Tether’s $1 Billion USDT Mint On Tron: What’s Fueling The Demand Surge?

[Oct 31 9:00 AM] It’s been a busy week for Tether, as the company announced that it had authorized the minting of another 1 billion USDT tokens, pushing the total number of minted tokens to $33 billion in the last year. According to blockchain data, the additional…

U.S. Treasury Advisory Panel Says Tokenization Could Be Big, But May Need Central Control

[Oct 30 8:42 PM] The U.S. Treasury Department's panel of Wall Street advisers see the tokenization of U.S. debt and other assets providing some significant potential advances, the group contended in a new report – while also envisioning an inevitable need for the…

Stablecoins boosting demand for US T-bills: Treasury Dept

[Oct 30 8:04 PM] The United States Treasury Department is taking an interest in stablecoins and tokenization.

Bitcoin traders take a breather as BTC price metrics hint new highs are incoming

[Oct 30 7:40 PM] Bitcoin fell short of its all-time high, but multiple Bitcoin price metrics show BTC price on target to hit new all-time highs 

Circle raises USDC cash-out fees, affecting large-scale redemptions

[Oct 29 9:20 PM] The fee structure revision primarily affects institutional investors and high-volume traders.

Tether's Paolo Ardoino: 'If the U.S. Government Wanted to Kill Us, They Can Press a Button'

[Oct 28 5:27 PM] The leading stablecoin issuer is comfortable holding its T-bills at a U.S. institution because it respects international sanctions, CEO Ardoino said in an interview.

Circle CEO Hypes Stablecoin Market Growth With Astounding Prediction

[Oct 28 2:55 PM] Jeremy Allaire, CEO of Circle, has predicted that stablecoins will grow to capture up to 10% of the money supply in the next 10 years. Allaire highlighted that even with the recent expansion of stablecoins, it is still in the early stages of this…

EU MiCA rules pose ‘systemic’ banking risks for stablecoins — Tether CEO

[Oct 28 9:52 AM] Europe’s MiCA framework will enforce new bank reserve requirements for stablecoin issuers, raising concerns about systemic risks and stability.

Bolivia Ramps up Stablecoin Adoption as Bank Debuts USDT Services

[Oct 28 5:30 AM] Stablecoin demand and adoption are poised to increase in Bolivia, as a bank has presented a USDT service suite for the first time. Bisa Bank, a private institution, now allows customers to purchase, sell, and keep USDT funds in the bank, leveraging…

Tether CEO breaks down reserves backing USDT stablecoin

[Oct 27 7:55 PM] The Wall Street Journal cited unnamed individuals as the source of the claims that the United States government is investigating Tether.

Wintermute to take Ethena’s USDe as trading margin

[Oct 25 5:15 PM] Trading platforms and regulators are increasingly embracing cryptocurrency as collateral for trades. 

Justin Sun Might Be Good for Wrapped Bitcoin, Says New Custodian's Director

[Oct 23 1:49 PM] The business plan for WBTC is to increase the outstanding amount by five to 10 times what is now, just under $10 billion – using a geographically diversified custodial setup that might be more appealing to buyers outside the U.S

Tether CEO Ardoino Says He Expects U.S. Will Catch Up in Crypto Regulation

[Oct 22 6:23 PM] Tether CEO Paolo Ardoino told a U.S. crowd on Tuesday that he's counting on sensible crypto regulations coming soon from the U.S. "There is no place like the U.S.," he said via video link at DC Fintech Week in Washington.

Tether’s USDT hits record $120B market cap, flashing ‘Uptober’ signal

[Oct 20 12:46 PM] The $120 billion USDT market cap could spill into Bitcoin and Ether, ending their seven-month downtrend and saving the “Uptober” narrative.

Venezuelans Crave USDT as Dollar Exchange Rate Explodes

[Oct 17 6:20 PM] Venezuelans have ramped up the use of Tether’s USDT, as it has become one of the largest sources of dollar liquidity in national markets. While the government has tried to contain the black market exchange rates by injecting dollars into the…

US lagging behind in global stablecoin adoption — Chainalysis

[Oct 17 7:00 AM] Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.

Nigeria Receives Nearly $100,000 From Unlicensed Crypto Firms

[Oct 16 9:30 AM] The Nigerian government received nearly $100,000 from two cryptocurrency firms accused of conducting unlicensed conversions of tether (USDT) to naira and vice versa. The two Nigerian cryptocurrency firms, Paparaxy Global Ventures Limited and…

Indian Police Crush ‘Goldcoat Solar’ Fraud — Binance Aids in Crypto Seizure

[Oct 16 3:30 AM] Indian police, with support from crypto exchange Binance, have dismantled a fraudulent scheme run by M/s Goldcoat Solar, which posed as part of a national solar energy initiative. The criminals lured investors by impersonating officials and…

Paxos debuts new stablecoin payment platform with Stripe

[Oct 15 1:05 PM] Paxos’ goal is to support assets and chains based on customers’ interests and its own end-user preferences, the company said.

Tether mulls lending to commodity traders: Report

[Oct 14 5:57 PM] The USDt issuer needs ways to deploy billions of dollars in profits, and commodity traders could benefit from expanded credit.

High-Return Crypto Scheme Hit With Cease-and-Desist in Texas

[Oct 11 11:20 AM] Texas regulators have issued an emergency cease-and-desist order against two individuals accused of promoting a fraudulent cryptocurrency investment scheme. The alleged scheme, tied to Trage Technologies, promised high returns on digital asset…

USDT Faces Downward Pressure as Investors Pivot to Stocks in China

[Oct 10 8:30 PM] USDT, the largest stablecoin in the crypto market, has marginally lost its peg to the U.S. dollar, trading at less than $1 since September 30. Analysts believe this is a byproduct of large outflows from China as crypto investors turn to the…

Is Tether’s USDT stablecoin ‘noncompliant’ with EU’s MiCA regulations?

[Oct 10 12:33 PM] The European Securities and Markets Authority declined to disclose whether USDt is “noncompliant” but said it is working on solutions to issues in the framework.

P2P Exchange El Dorado Debuts Gasless Tron-Based USDT Transactions in Latin America

[Oct 10 10:30 AM] El Dorado, a Latam-focused peer-to-peer (P2P) exchange, has partnered with Tron DAO to offer gasless TRC20-USDT transactions for its customers. Until October 30, each user will be able to perform a limited number of withdrawals with no costs…