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.
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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…
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…
Venezuela Looks to Tether to Bypass Sanctions: Reuters
[Apr 22 10:54 PM] Venezuela's state-run oil company started experimenting with Tether in 2023.
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…
Ethereum Fueled Up: Will 320 Million USDT Inflow Ignite Price Surge?
[Apr 19 11:00 AM] The winds of change are swirling around Ethereum (ETH), the world’s second-largest cryptocurrency. While the Ethereum network itself is buzzing with activity, the price of ETH has taken a tumble in recent days, leaving investors scratching…
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.).
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…
Stablecoin Expansion Continues as Bitcoin Rally Appears to Stall
[Apr 3 2:45 AM] The unabated expansion of stablecoin supply shows capital continues to flow into the crypto market, one observer noted.
Stablecoin Issuer Tether Completes SOC 2 Type 1 Audit
[Apr 2 7:27 PM] Tether, the USDT stablecoin issuer, announced on April 1 that it had completed the System and Organization Controls (SOC) 2 Type 1 Audit, the highest level of security compliance achievable. Tether stated that the audit’s completion…