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Nalezeno "Stablecoin Tether": 286

Turks Turn to Tether Amid Record Inflation, Limited Access to Dollar, Report Reveals

12.6.2023
People in Turkey have been seeking refuge in stablecoins as their national fiat continues to depreciate against the greenback. The Turkish lira saw a record drop in its exchange rate with the U.S. dollar when the country’s central bank halted intervention after the recent presidential vote....

Bitcoin Dominance Soars to 47.5%: Highest Level in a Year as Other Crypto Assets Suffer

11.6.2023
On June 10, 2023, bitcoin is dominating with a market capitalization dominance of 47.5%, marking its highest level since this time last year, according to coinmarketcap.com. Meanwhile, ethereum’s dominance is holding steady at 20%, indicating that the recent dominance gains made by these...

Tether invests in El Salvador's $1B renewable energy project

5.6.2023
El Salvador’s plans to build a billion dollar renewable energy precinct has found a first round investor in stablecoin issuer Tether

USDT Issuer Tether Ventures Into Payment Processing With Georgia Investment

31.5.2023
The stablecoin issuer announced earlier this week it is investing in a sustainable bitcoin mining facility in Uruguay

Crypto Market Recovery Unlikely Until Stablecoin Universe Stops Shrinking: JPMorgan

19.5.2023
Tether’s market cap has been growing at the expense of rival stablecoins such as USD Coin, the report said

Tether Plans 15% of Its Net Profits Into Bitcoin in Move of Confidence

17.5.2023
Tether, the world’s largest stablecoin issuer by market capitalization, said it is planning to invest 15 percent of its net profits into bitcoin to strengthen its reserves. Tether said it expects the move to “strengthen and diversify” its reserves of its $1 pegged stablecoin, in a statement...

Stablecoin Tether's Market Capitalization Nears Record High of $83B

6.4.2023
Tether's market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum's rival Tron

Tether 'unequivocally reiterates' no exposure to Signature Bank

5.4.2023
The stablecoin provider denied the allegations that began to surface in regard to its exposure to the now-collapsed Signature Bank

Stablecoin issuer Tether accessed US banking system using Signature: Report

4.4.2023
At the time New York regulators took control of Signature in March, there was reportedly a system in place for Tether clients to send dollars though the bank's Signet platform

Stress test? What Biden’s bank bailout means for stablecoins

2.4.2023
A major stablecoin depegging event raised concerns about the stability of these assets amid a U.S. banking crisis. The result may have been an improvement in their position in traditional finance

In-Chat Tether Transfers Introduced in Telegram

25.3.2023
Users of the Telegram messenger will now be able to send each other the leading stablecoin, tether (usdt), directly in the chats. The new option expands the list of cryptocurrencies available for purchase, sale, and trade in the messaging app. Tether Added to Wallet Bot in Telegram Messenger...

Exclusive Interview: Tether Co-Founder Says FTX Collapse Set Industry Back, But This One Event Could Cause a 75% Crash

24.3.2023
When it comes to the world of cryptocurrency, few names are as well-known as William Quigley. As the co-founder of Tether and CEO of WAX, he has played a pivotal role in shaping the industry and driving its growth. Recently, Cryptonews had the opportunity to sit down with Mr. Quigley to discuss...

Tether's USDT Stablecoin Market Share Rises to Highest Level in 15 Months

6.3.2023
USDT’s market share among stablecoins surpassed 54% on Monday, the highest level since November 2021

Ukraine’s Government-Provided Crypto Addresses Raised $70 Million During War, Report

2.3.2023
Crypto donations collected by the government in Kyiv since the start of the Russian invasion have amounted to almost $70 million, according to Chainalysis. Ether has been the most donated crypto followed by bitcoin and the stablecoin tether, the blockchain intelligence firm said in a report....

Reports Indicate USDT Is Being Used in Venezuela to Facilitate Settlements and to Avoid Sanctions

27.2.2023
Some companies in Venezuela are using the stablecoin tether as a way of sidestepping sanctions and settling payments with foreign customers and providers. Local reports indicate that, while the most popular use case for the stablecoin involves its purchase for devaluation shielding purposes,...