Stablecoins Are Beneficial to U.S. Economy, Tether's Custodian Says
[Apr 11, 2024 3:58 AM] Stablecoins boost demand for U.S. Treasury notes, Howard Lutnick, the CEO of Tether custodian Cantor Fitzgerald, said.
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Bitwise President Praises Tether’s Successful Business Model
[Apr 10, 2024 2:23 AM] Teddy Fusaro, president of Bitwise, one of the crypto index fund managers, has praised the business model of Tether, the company behind the largest stablecoin in the crypto market. Fusaro emphasized that Tether obtained net income numbers close to…
Celo Adds Tether’s USDT as Gas Currency
[Apr 9, 2024 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, 2024 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…
Tether Grants BTCPay Server $100,000 To Continue Working On Enabling Anyone To Accept Bitcoin
[Apr 2, 2024 9:53 AM] Today, stablecoin issuer Tether announced a significant award of $100,000 to the BTCPay Server Foundation that underscores Tether's strong backing for the Free and Open Source Software (FOSS) movement, emphasizing its commitment to advancing…
Tether Amplifies Bitcoin Holdings With Strategic 8,888.88 BTC Addition
[Apr 1, 2024 11:29 AM] Onchain data reveals the stablecoin giant Tether has once again bolstered its bitcoin reserves, making an addition of 8,888.88 bitcoins to its wallet as of March 31. Tether’s Bech32 address now ranks as the seventh-largest holder of bitcoin…
Tether Added Nearly 8.9K Bitcoin to Holdings in First Quarter: On-Chain Data
[Apr 1, 2024 9:22 AM] The stablecoin issuer's BTC holdings now top 75,000 tokens worth about $5 billion.
Stablecoin Market Swells With Growth in March, Led by Ethena’s USDE
[Mar 31, 2024 8:09 AM] This month we have witnessed a continuous expansion in the stablecoin domain, eclipsing the $150 billion mark on March 20, 2024, with an infusion of an additional $1.4 billion into the arena since then. Leading the pack in supply growth for March…
UK, US Probe $20B in USDT Transfers by Sanctioned Russian Crypto Exchange
[Mar 29, 2024 5:28 AM] The U.K. and the U.S. are reviewing tether transactions, valued at $20 billion, processed by the sanctioned cryptocurrency exchange Garantex. Digital currency transactions and crude oil sales are believed to be a significant source of foreign…
Tether Formally Announces a Shift Towards Open-Source AI
[Mar 28, 2024 11:45 PM] Tether, one of the largest cryptocurrency-based companies, has announced a formal expansion into AI, looking to develop open-source models and setting standards in this new industry. For this task, Tether is opening a global recruitment for…
Illicit Funds in Crypto Ecosystem Shrank 9% Last Year, Yet Criminals Still Handled Nearly $35B: TRM Labs
[Mar 27, 2024 6:00 AM] Illicit activity in the cryptocurrency ecosystem appears to have reduced, with the total illicit funds shrinking by 9% in 2023 compared to 2022, even though criminals still handled over $34 billion worth of cryptocurrencies, Blockchain analytics…
Tether to Establish AI Unit, Starts Recruitment Drive
[Mar 26, 2024 9:15 AM] The unit will focus on the development of open-source AI models and collaborate with other firms to integrate the models into products that could address real-world challenges.
Stablecoin Market Surpasses $150B, a First in 18 Months, After $980M Growth in 5 Days
[Mar 20, 2024 9:00 AM] The stablecoin sector achieved a significant milestone on March 20, 2024, hitting the $150 billion mark as the dollar-anchored market continues its expansion. In the last five days, the stablecoin sphere expanded by $980 million, breaking past the…
Stablecoin Sector Expands by $4.95B in 12 Days, USDE Sees 376% Supply Increase, Tether Hits $103B
[Mar 15, 2024 10:00 AM] In the past 12 days, the stablecoin sector has experienced a growth of $4.95 billion, reaching a new 2024 high of $149.03 billion in market valuation. Among various dollar-tied tokens that have seen their supply numbers go up over the last 30 days…
Tether Assists US Government in Seizing $1.4 Million From Unhosted Wallet
[Mar 14, 2024 5:10 PM] Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, announced that it helped the U.S. government to seize $1.4 million linked to an alleged fraud scheme. According to the Northern District of…
Tether Launches USDT on Celo Targeting Increased Usability
[Mar 12, 2024 7:05 AM] Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, has announced the launch of its currency on Celo, an EVM-compatible blockchain. Paolo Ardoino, CEO of Tether, stated that this move was focused on…
Tether's USDT To Launch on Celo
[Mar 11, 2024 7:00 AM] The USDT integration aims to boost cross-border payments and peer-to-peer transactions in developing regions.
Tether to Collaborate With Uzbekistan on Developing Crypto Infrastructure Projects
[Mar 8, 2024 3:30 PM] Tether, one of the largest stablecoin companies, announced a collaboration with the government of Uzbekistan to develop cryptocurrency and communication projects. The memorandum of understanding (MoU) signed between the parties encompasses issuing…
FDUSD Climbs the Stablecoin Ladder, Fueled by Trading Volume and Supply Growth
[Mar 8, 2024 8:30 AM] Statistics indicate that the first digital usd (FDUSD), a recently introduced fiat-pegged token launched in August 2023, has risen to become the fourth-largest stablecoin based on market capitalization. Currently, FDUSD holds the fourth position in…
Stablecoin Giant Tether Hits $100 Billion Market Cap Amidst Crypto Market’s Surge
[Mar 5, 2024 8:30 AM] As the cryptocurrency market swells to a valuation of $2.6 trillion, the leading stablecoin, tether, has achieved a market cap of $100 billion. Beginning from the start of 2024, tether has seen an addition of 8.27 billion tokens to its supply. From…
Tether's USDT Stablecoin Touches $100B Market Cap, Benefiting From Crypto Trading Frenzy
[Mar 4, 2024 11:13 AM] USDT, a stablecoin issued by Tether, hit the $100 billion market value for the first time in its history, according to CoinGecko data, as the rally on crypto markets expanded.
Stablecoin Sector Sees $3.26 Billion Growth Spurt; Tether Nears $100B Milestone, USDE Supply Swells by 374%
[Mar 3, 2024 3:30 PM] The stablecoin sector experienced a $3.26 billion expansion within the last eight days, climbing from $140.82 billion to $144.08 billion by Sunday, March 3, 2024. During February, increases in supply were observed in four of the top five…
Wall Street Journal Accused of Defamation Over 2023 Tether-Bitfinex Article
[Mar 1, 2024 4:38 PM] Christopher Harborne and his aviation fuel broker AML Global were wrongly accused of "committing fraud, laundering money, and financing terrorists," according to the lawsuit.
Stablecoins Join The Crypto Bull Run With $140B Market Cap, Highest Since 2022
[Feb 27, 2024 6:30 PM] February has been an overall notable month for cryptocurrencies and the crypto industry. We’ve seen Bitcoin and Ether, the two largest cryptocurrencies by market capitalization, reach milestones not seen since the crypto winter started. The bull…
Stablecoin Market Jumps by Over $2.5 Billion in 10 Days, Led by Rise in Key Players
[Feb 24, 2024 11:30 AM] In the opening fortnight of February, the stablecoin domain expanded by $1.7 billion, marking a significant rise. The value of the fiat token crypto market has once again risen witnessing an increase exceeding $2.5 billion over the past ten days…
Why Circle's USDC Is Quitting the TRON Network
[Feb 21, 2024 2:32 PM] It could be part of a long-time realignment separating compliant and gray-market crypto, says Daniel Kuhn.
Former NFL Star Russell Okung’s Crypto Adoption Comments Ignite Bitcoin vs. Stablecoins Debate
[Feb 20, 2024 6:00 PM] Comments on Lightning Network adoption, made by Russell Okung, a former NFL star who is among the first to receive part of his salary in crypto, sparked a discussion that highlighted the opposing opinions of the crypto community about the usage of…
U.S. Regulators Do Have Some Control Over Stablecoin Tether: JPMorgan
[Feb 16, 2024 3:06 AM] USDT's appeal relative to other stablecoins will likely diminish as regulations will require more transparency and compliance with new anti-money laundering standards, the report said.
Stablecoin Sector Swells by $1.7 Billion in February; USDC and FDUSD Lead Supply Growth
[Feb 14, 2024 1:30 PM] Statistics reveal that since the onset of February 2024, the stablecoin sector has experienced a significant expansion, with an increase of $1.7 billion in its economy. In the last 30 days, both usd coin and first digital usd witnessed their…
Diversifying Stability: Stablecoins Finding Home Beyond the Greenback
[Feb 7, 2024 11:01 AM] Following the success of Tether and USDC, a generation of stablecoins are offering new features for investors and holders, says Scott Sunshine, Managing Partner of Blue Dot Advisors.