Telegram launches in-app currency ‘Stars’ for digital purchases
[Jun 6 8:18 PM] Telegram Stars can be swapped for Toncoin, an $18 billion cryptocurrency, on Telegram’s Fragment platform.
4 / 13 Relevant items tagged with #USDT
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Tether Invests $18.75M in XREX Group to Facilitate Launch of Gold-Backed Stablecoin
[Jun 6 3:15 AM] Tether, the issuer of the USDT stablecoin and a leading player in the digital asset industry, has made a strategic investment of $18.75M in XREX Group, a fully regulated, blockchain-enabled financial institution. The investment aims to drive…
Tether announces strategic investment and launch of XAU1 stablecoin
[Jun 5 4:45 AM] Tether invests $18.75 million in XREX Group and launches XAU1 stablecoin to enhance cross-border B2B payments and regulatory technology.
Companies Turn to Crypto for Payments as G7 and EU Mull Sanctions on Russian SWIFT Equivalent
[Jun 2 2:20 PM] Some Russian companies have turned to using crypto to settle payments and protect themselves from potential secondary sanctions from Western countries. At least two top metal producers have transacted using USDT, the largest stablecoin in the…
Nigeria’s interest in Bitcoin unfazed by regulatory restrictions
[Jun 2 7:01 AM] Notably, Lagos, Nigeria’s commercial nerve center, falls outside the top 15 cities regarding Google search interest for Bitcoin.
Analyzing Tether’s 111 Billion Supply: Top USDT Wallets on Tron and Ethereum
[May 31 8:30 AM] This year, the supply of the stablecoin tether has surpassed the $100 billion mark, and today, the leading dollar-pegged token boasts a market valuation of $111.9 billion. The majority of this supply resides on Tron, with the network hosting $58…
FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts
[May 26 10:30 AM] The stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately $590 million. Among the top five U.S. dollar stablecoins, Ethena’s USDE saw the largest supply growth, rising 17.5%. In…
Non-Empty USDC And USDT Wallets See 13.9% And 15.7% Spike, Why This Is Good For Crypto
[May 23 6:00 AM] Non-empty wallets for stablecoins such as Circle’s USDC and Tether’s USDT have been on the rise for a while now as crypto prices have recovered since the start of the year. This has come to a head as the non-empty wallets have grown double-digits…
Kraken Insists It Will Keep USDT Listed in European Markets
[May 20 7:39 PM] Kraken, a U.S.-based cryptocurrency exchange, insists it will keep USDT listed in European markets as long as regulations regarding stablecoins are not finalized. Mark Greenberg, Global Head of Kraken’s Asset Growth and Management Business…
Crypto exchange Kraken has ‘no plans’ to delist USDT in Europe for now
[May 19 6:29 PM] Concerns were raised after a Bloomberg article reported Kraken was “actively reviewing” which tokens it could continue to list under the European Union’s upcoming MiCA framework.
Tether Adds Fresh $1 Billion USDT To Supply – Bitcoin To Rally Again?
[May 18 7:00 AM] According to data from CoinMarketCap, Bitcoin rose by 2.9% on Friday to trade above $67,000 for the first time since April 24. This positive price performance by the maiden cryptocurrency has been attributed to the low inflation levels reported in…
Tether mints another $1B mint — Last time it helped Bitcoin climb to $73K
[May 17 11:21 AM] Bitcoin flipped its old resistance into support as Tether’s market cap continues to grow rapidly in 2024.
Tether, TON team up with mobile app for USDT-to-fiat transactions
[May 16 7:00 AM] The Open Network users will be able to use Oobit’s Tap & Pay technology to pay merchants in fiat while spending USDT.
Chinese police bust $1.9B USDT underground banking racket
[May 16 2:00 AM] The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations.
Circle shifts legal home to US ahead of IPO
[May 15 4:06 AM] Circle’s strategic shift away from Ireland could increase compliance costs, but the tradeoff suggests improved investor confidence.
Deutsche Bank joins Singapore's asset tokenization project
[May 14 6:29 AM] Deutsche Bank joined Singapore’s tokenization project soon after reiterating skepticism about transparency about the world’s largest stablecoin, Tether.
Tether freezes $5.2M in USDT linked to phishing scams
[May 14 2:48 AM] Since it launched, Tether has frozen over $1 billion worth of assets linked to illicit activities after requests from law enforcement agencies.
Tether CEO and Ripple CEO Clash Over USDT — Brad Garlinghouse Says ‘I Wasn’t Attacking Tether’
It’s ‘clear’ the US government is going after Tether: Ripple CEO
[May 12 11:03 PM] Brad Garlinghouse said he views Tether as an important part of the ecosystem and that its fate will be an "interesting one to watch."
US Scrutiny of Tether Could Disrupt Crypto Ecosystem, Ripple CEO Warns
Stablecoin Market Stabilizes at $160 Billion; FDUSD and PYUSD Lead Growth
[May 11 7:21 AM] Over the past 19 days, the stablecoin economy has stabilized with negligible growth after reaching the $160 billion threshold at April’s end. Out of the top five, FDUSD is currently the frontrunner in terms of 30-day growth, showing a 15.3%…
Tether slams Deutsche Bank over suggestion its stablecoin could fail
[May 9 7:58 PM] Analysts at Deutsche Bank also argued Tether’s solvency status is “questionable” which the stablecoin firm said is “ironic” considering the bank’s own history with fines.
Tokenizing money is the ‘greatest innovation’ after fiat — Tether co-founder
[May 9 7:12 AM] Stablecoins like Tether do not offer interest yields right now, but with tokenized fiat, that could be possible one day, co-founder William Quigley said.
Tether scales crypto payments in Eastern Europe with new investment
[May 8 8:09 AM] The new investment aims to strengthen CityPay.io’s expansion into Eastern Europe, specifically into Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan.
Cartier Family Member Indicted for Using USDT to Launder Hundreds of Millions in Drug Trafficking Money
[May 7 11:37 AM] Maximilien De Hoop Cartier, a descendant of the family famous for their French luxury goods Cartier, has been indicted for his participation in a network that allegedly used several shell companies to launder drug trafficking money proceeds using…
Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report
[May 6 12:48 AM] Less than 10% of stablecoin transaction volumes are organic or come from real people, according to new findings by Visa and data platform Allium Labs, Bloomberg reported.
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…
USDT Dominance Falling, Analyst Predicts Bitcoin To Reach $80,000
[Apr 30 1:00 PM] Though Bitcoin prices are fast-dropping, looking at events in the daily chart, one analyst thinks the coin is gearing up for a comeback, citing developments in the USDT dominance chart, or USDT.D. USDT Dominance Falling, Good For BTC? Taking to X…
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…
Latam Insights: Venezuela to Leverage USDT for Sidestepping Sanctions, Chivo Wallet Disregards Hacking Allegations
[Apr 29 1:11 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuelan oil company PDVSA could use USDT to sidestep U.S. sanctions, Chivo Wallet denies hacking…