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Kraken Says No Plans to Delist Tether’s USDT Stablecoin in Europe
20.5.2024
Cryptocurrency exchange Kraken reassured users it has no plans to delist USDT in Europe and will continue to follow all legal requirements.
The post Kraken Says No Plans to Delist Tether’s USDT Stablecoin in Europe appeared first on Cryptonews
Tether’s USDT Implicated in $2B Illegal Foreign Exchange Scheme in China – Regulation Coming?
15.5.2024
On May 15, a few people suspected in an underground banking operation were arrested by Chinese police in Sichuan province. They have been charged in facilitating illegal foreign currency transactions involving around $2 billion worth of Tether's USDT.
The post Tether’s USDT Implicated in...
Stablecoin Surge: Tether's Headroom for Growth
8.5.2024
The stablecoin already enjoys a dominant position in stablecoins and its integration with the TON (Telegram) network could boost it further, says Sylvia To, head of partnerships and token research at Bullish
Cartier Jewelry Heir Busted for Laundering Money with Crypto
6.5.2024
An heir to the Cartier empire was arrested last week by the US Justice Department (DoJ). He was accused of utilising Tether's USDT stablecoin to launder the proceeds of drug trafficking. The charges indicate a unique convergence of powerful individuals and cryptocurrency-related criminal...
Tether Holdings Reports Record $4.52 Billion Net Profit in Q1 2024 for USDT Stablecoin
2.5.2024
Tether's net equity stood at an impressive $11.37 billion as of March 31, a substantial increase from the previous record of $7.01 billion worth of equity at the end of the quarter in December 2023.
The post Tether Holdings Reports Record $4.52 Billion Net Profit in Q1 2024 for USDT Stablecoin...
Circle’s USDC Stablecoin Surpasses Tether’s USDT in Transaction Volume
29.4.2024
In the stablecoin market, Circle's USDC stablecoin made history by outpacing Tether's USDT in terms of transaction volume. This was based on information made public by Visa on April 29 as a result of their collaboration with Allium Labs.
The post Circle’s USDC Stablecoin Surpasses Tether’s USDT...
Circle’s USDC overtakes Tether’s USDT in stablecoin transactions: Visa
29.4.2024
Despite Circle's rising transaction count, Tether's USDT still accounts for over 68% of the entire stablecoin market
Tether's Stablecoin Dominance May Wane Following Proposed U.S. Rules: S&P
24.4.2024
The new regulations could offer banks a competitive edge by limiting institutions without a banking license to a maximum stablecoin issuance of $10 billion, the report said
Tether’s worth stands at $60 million on TON blockchain
22.4.2024
TON blockchain started hosting Tether effective April 19, 2024. The volume issued was worth approximately $35 million. Almost 2 days later, the issuance has touched the massive milestone of $60 million on the said blockchain with expectations that it would soon inch closer to the giants like...
Tether’s emergence as a key liquidity provider in crypto markets
17.4.2024
When an investment can be quickly and easily traded for other assets – typically cash – without affecting its value, it is said to be liquid. In contrast to liquid assets, which can be more difficult to trade because of a lack of market participants or other circumstances, highly liquid...
Stablecoins Are Beneficial to U.S. Economy, Tether's Custodian Says
11.4.2024
Stablecoins boost demand for U.S. Treasury notes, Howard Lutnick, the CEO of Tether custodian Cantor Fitzgerald, said
Bitwise President Praises Tether’s Successful Business Model
10.4.2024
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 the ones of traditional institutions such...
Celo Adds Tether’s USDT as Gas Currency
10.4.2024
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 users, who only need to hold the USDT stablecoin...
TRM Labs Report: Tether’s USDT Was the Go-to Stablecoin for Illicit Activities in 2023
30.3.2024
A report issued by TRM Labs indicated that Tether’s USDT, the largest stablecoin in the cryptocurrency industry, was the preferred stablecoin used for illicit transactions during 2023. TRM Labs alleges that 1.6% of USDT’s volume was linked to illicit activity last year, with $19.3...
OKX Delists Tether’s USDT for EU Users Amid Regulatory Concerns
19.3.2024
OKX has discontinued support for cryptocurrency trading pairs involving Tether's USDT stablecoin for users based in the European Union (EU) and the European Economic Area (EEA).
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Tether's USDT Gets Delisted on Crypto Exchange OKX for EU Users
18.3.2024
The action may foreshadow regulatory restrictions in the region for the largest stablecoin by market capitalization and trading volume, as upcoming E.U. rules will require stablecoin issuer to be licensed electronic money institutions
Tether CTO Aims Dig At DCG For Doubting USDT’s Resilience
12.3.2024
As the crypto industry faced turmoil, Digital Currency Group (DCG) attempted to short Tether (USDT) amidst stability concerns. Tether's CTO, Paolo Ardoino, calls out the move as DCG now faces a lawsuit. The incident highlights the stark contrast between Tether's resilience and DCG's struggles.
The...
Tether's USDT Now Available on Celo
11.3.2024
The USDT integration aims to boost cross-border payments and peer-to-peer transactions in developing regions
Tether’s rising influence on Bitcoin markets
8.3.2024
Tether (USDT) is a digital currency that stands out in the crypto world as a stablecoin, which means keeping its value as fixed as possible by linking its value with the value of a fiat currency, e.g., the US dollar. But this advantage is hard to specify, as Bitcoin is less stable than some other...
Tether's USDT Stablecoin Touches $100B Market Cap, Benefiting From Crypto Trading Frenzy
4.3.2024
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