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Tether’s USDT hits record $120B market cap, flashing ‘Uptober’ signal
20.10.2024
The $120 billion USDT market cap could spill into Bitcoin and Ether, ending their seven-month downtrend and saving the “Uptober” narrative
Venezuelans Crave USDT as Dollar Exchange Rate Explodes
17.10.2024
Venezuelans have ramped up the use of Tether’s USDT, as it has become one of the largest sources of dollar liquidity in national markets. While the government has tried to contain the black market exchange rates by injecting dollars into the banking sector, it has enjoyed limited success...
US lagging behind in global stablecoin adoption — Chainalysis
17.10.2024
Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions
Nigeria Receives Nearly $100,000 From Unlicensed Crypto Firms
16.10.2024
The Nigerian government received nearly $100,000 from two cryptocurrency firms accused of conducting unlicensed conversions of tether (USDT) to naira and vice versa. The two Nigerian cryptocurrency firms, Paparaxy Global Ventures Limited and Lemskin Technologies Limited were accused of operating...
Indian Police Crush ‘Goldcoat Solar’ Fraud — Binance Aids in Crypto Seizure
16.10.2024
Indian police, with support from crypto exchange Binance, have dismantled a fraudulent scheme run by M/s Goldcoat Solar, which posed as part of a national solar energy initiative. The criminals lured investors by impersonating officials and promising high returns. Multiple arrests were made,...
Paxos debuts new stablecoin payment platform with Stripe
15.10.2024
Paxos’ goal is to support assets and chains based on customers’ interests and its own end-user preferences, the company said
Korea’s Upbit Will Launch CARV Korean Won, BTC & USDT Trading Pairs Today
15.10.2024
Leading crypto exchange Upbit will launch CARV Korean Won (KRW), BTC and USDT trading pairs today, and trading…
Tether mulls lending to commodity traders: Report
14.10.2024
The USDT issuer needs ways to deploy billions of dollars in profits, and commodity traders could benefit from expanded credit
Stablecoin Liquidity Surges, JPMorgan Predicts Q4 Gains, and More — Week in Review
13.10.2024
In September 2024, stablecoin liquidity hit record highs. Meanwhile, JPMorgan analysts predicted further Bitcoin gains, citing October’s historical “Uptober” trend. The FBI made headlines by charging 18 individuals involved in crypto fraud after setting up a fake crypto...
High-Return Crypto Scheme Hit With Cease-and-Desist in Texas
11.10.2024
Texas regulators have issued an emergency cease-and-desist order against two individuals accused of promoting a fraudulent cryptocurrency investment scheme. The alleged scheme, tied to Trage Technologies, promised high returns on digital asset arbitrage trading but is accused of misleading...
USDT Faces Downward Pressure as Investors Pivot to Stocks in China
10.10.2024
USDT, the largest stablecoin in the crypto market, has marginally lost its peg to the U.S. dollar, trading at less than $1 since September 30. Analysts believe this is a byproduct of large outflows from China as crypto investors turn to the national stock market to participate in the bull...
Is Tether’s USDT stablecoin ‘noncompliant’ with EU’s MiCA regulations?
10.10.2024
The European Securities and Markets Authority declined to disclose whether USDt is “noncompliant” but said it is working on solutions to issues in the framework
P2P Exchange El Dorado Debuts Gasless Tron-Based USDT Transactions in Latin America
10.10.2024
El Dorado, a Latam-focused peer-to-peer (P2P) exchange, has partnered with Tron DAO to offer gasless TRC20-USDT transactions for its customers. Until October 30, each user will be able to perform a limited number of withdrawals with no costs associated. This aims to promote the adoption of the Tron...
Argentina overtakes Brazil in crypto inflows — Chainalysis
10.10.2024
Argentina’s stablecoin market is one of the largest in the world in terms of share of stablecoin transactions, beating the global average by 17%
Argentina overtakes Brazil in crypto inflows — Chainalysis
10.10.2024
Argentina’s stablecoin market is one of the largest in the world in terms of share of stablecoin transactions, beating the global average by 17%
Trump crypto project proposes Aave link in governance proposal
10.10.2024
The Donald Trump-backed crypto platform, World Liberty Financial, wants to run as an instance on the DeFi protocol Aave
Trump crypto project proposes Aave link in governance proposal
10.10.2024
The Trump-backed crypto platform, World Liberty Financial, looks to run as an instance on the DeFi protocol Aave
Cryptoquant: Stablecoin Liquidity Surges to Record Highs as Ripple Introduces RLUSD
8.10.2024
Stablecoin liquidity reached unprecedented levels in September 2024, boosting overall cryptocurrency market activity. Meanwhile, Ripple made a notable entrance into the stablecoin space with its newly launched RLUSD, expanding its influence in the financial landscape. Stablecoin Boom Fuels Crypto...
Tether user base hits 350M in 2024 following 24% surge
7.10.2024
The news comes amid the company’s 10-year anniversary celebration
Tether teases USDT documentary on 10th anniversary
6.10.2024
Tether CEO Paolo Ardoino said in an X post that the company will continue to bring financial inclusion to people who are “left behind.”