5 / 23 Relevant items tagged with #tether

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Tether’s transparency and business structure raises $118B FTX-like concerns

[Sep 20, 2024 7:30 AM] Tether’s market share has surpassed 75% of the entire stablecoin market, fueling concerns over the stablecoin giant’s influence over the crypto industry.

Goldman Sachs-backed BitGo introduces USDS rewarding stablecoin

[Sep 18, 2024 10:56 AM] BitGo’s USDS stablecoin will challenge major issuers like Circle and Tether, aiming to distribute up to 98% of earnings to network supporters.

Bitcoin rallies to $61K, but derivatives traders are still skeptical — Here is why

[Sep 17, 2024 7:45 PM] Bitcoin price shows strength ahead of a key Federal Reserve monetary policy decision on Sept. 18, but data suggests the momentum may not last.

USDT on TON chain surpasses $1 billion: Token Terminal

[Sep 17, 2024 7:13 PM] Tether’s stablecoin continues to dominate rivals, including Circe’s U.S. Dollar Coin (USDC).

Tether-Issued Stablecoin USDT's Market Share Grows to 75% as Market Cap Tops $118B

[Sep 17, 2024 2:33 PM] The largest stablecoin's market cap has almost doubled, while key rivals declined and new entrants have yet to challenge its position.

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

[Sep 16, 2024 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’

[Sep 15, 2024 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

[Sep 15, 2024 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…

Tether onboards head of government affairs from PayPal

[Sep 13, 2024 9:30 PM] Jesse Spiro said he intended to work with industry leaders and lawmakers to help grow the ecosystem in his role at Tether.

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

[Sep 13, 2024 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.

English High Court Rules Tether's USDT Stablecoin Counts as Property

[Sep 13, 2024 11:47 AM] USDT attracts property rights as it can be the subject of tracing and can constitute trust property in the same way as other property, a judge in England declared.

Consumer protection watchdog warns about Tether's reserves

[Sep 12, 2024 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, 2024 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, 2024 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 Join Forces to Tackle Crypto Crime

[Sep 10, 2024 3:40 PM] Tron, Tether, and TRM Labs have announced the creation of the T3 Financial Crime Unit (T3 FCU), a new initiative aimed at fighting illicit activity in the cryptocurrency space. The partnership, focused on public-private collaboration, seeks to…

Tether stablecoin issuer and Tron launch financial crime unit

[Sep 10, 2024 1:41 PM] Tron, the largest network for the USDT stablecoin, will provide its technical expertise to identify and freeze illicit USDT transactions within the new financial crime unit.

Tron, Tether and TRM Labs Start Financial Crime Fighting Force

[Sep 10, 2024 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.

Tether's $100M Investment in LatAm Agriculture Firm May Be a Tokenization Play

[Sep 9, 2024 5:10 PM] Adecoagro is a founder and partial owner in an Argentina-based agricultural commodities tokenization platform Agrotoken.

Tether invests $100M in agriculture firm as stablecoin competition grows

[Sep 8, 2024 1:45 PM] This is Tether’s first investment in the agriculture and food sector, after investments in artificial intelligence, Bitcoin mining operations, and digital education initiatives.

Tether Invests $100 Million in Latam’s Agricultural Giant Adecoagro

[Sep 8, 2024 7:41 AM] Tether, the USDT stablecoin issuer, has acquired 9.8% of Adecoagro, a Latin American-based agricultural giant. In a move described by Argentine media as surprising, the company invested $100 million to diversify its investments in the agricultural…

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

[Sep 7, 2024 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…

Thailand’s Mahidol University Partners With Tether to Integrate Blockchain and Stablecoin Education

[Sep 4, 2024 8:20 PM] Tether and Mahidol University International College (MUIC), a prestigious institution in Thailand known for its diverse and international academic programs, have signed a Memorandum of Understanding (MOU) to integrate stablecoin, blockchain, and…

Washington Man Faces Charges in $64 Million Crypto Laundering Scheme

[Aug 31, 2024 11:30 AM] A Washington resident has been charged with involvement in a $64 million cryptocurrency laundering scheme. He allegedly deceived investors, posing as an escrow agent, and transferred funds into his accounts. The funds were moved offshore or…

Former Square, Coinbase execs raise $58M for Bridge stablecoin network

[Aug 30, 2024 9:21 AM] Bridge seeks to build a global stablecoin payment network to rival traditional systems like Swift and credit cards.

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

[Aug 28, 2024 6:30 PM] The Bitcoin futures premium plunged to its lowest levels in 10 months, but traders have refused to turn bearish.

Maker, now Sky’s, new stablecoin lashed over ‘freeze function’

[Aug 28, 2024 5:55 AM] The new USDS stablecoin from Maker, now Sky, has a freeze function which the project's founder claims won't be part of the token at launch.

Tether CEO Criticizes Durov’s Arrest, States Europe Is ‘Falling Into Dark Ages’

[Aug 27, 2024 8:05 PM] Paolo Ardoino, CEO of Tether, one of the largest companies in the cryptocurrency industry, has criticized the arrest of Telegram founder and CEO Pavel Durov. On social media, Ardoino stated this development was concerning for society as a whole and…

PayPal’s PYUSD stablecoin hits $1B market cap

[Aug 26, 2024 8:09 PM] PYUSD is competing with rivals such as Circle’s USDC and Tether’s USDT.

Crypto Market Surges by $623B in 2024 as Bitcoin Climbs $20K Higher

[Aug 25, 2024 1:15 PM] In just seven months—roughly 236 days—since the year began, the crypto economy has ballooned by a staggering $623 billion. The top crypto asset, bitcoin, has seen its market value soar by more than $20,000, while ethereum, the…

Crypto Biz: Consolidation ramps up among crypto firms

[Aug 23, 2024 8:00 PM] This week’s Crypto Biz examines recent acquisitions in the crypto industry, Tether’s plans for a dirham stablecoin, and Polychain’s investment in the Bitcoin protocol Corn.