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Turkey tops the world in stablecoin buying share vs. GDP
25.4.2024
Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis
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 to Freeze Addresses Evading Sanctions on Venezuelan Oil Exports
24.4.2024
Tether, the issuer of the popular stablecoin USDT, has announced its intention to freeze addresses associated with sanctioned entities.
The post Tether to Freeze Addresses Evading Sanctions on Venezuelan Oil Exports appeared first on Cryptonews
Number of Stablecoin Holders Nears 100M Mark, Data Show
24.4.2024
The number of addresses holding stablecoins has risen 15% this year
Tether Will Freeze Wallets Evading Venezuelan Sanctions
24.4.2024
Use of Tether has increased in Venezuela after the U.S. reimposed sanctions on oil exports
Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions
23.4.2024
PDVSA, the state-owned Venezuelan oil company, would be preparing to migrate more of its payments portfolio to USDT, a dollar stablecoin, to avoid being affected by the restitution of U.S. sanctions. Reuters reported that the company started receiving payments in USDT last year and will accelerate...
Crypto Whales Bet 300K USDT On A Crazy Hand Of Poker At CoinPoker
23.4.2024
Celebrity poker player Antanas ‘Tony G’ Guoga won a pot worth just over $300,000 this weekend on the CoinPoker website, beating an anonymous whale in a high-stakes 1000/2000 game.
The post Crypto Whales Bet 300K USDT On A Crazy Hand Of Poker At CoinPoker appeared first on Cryptonews
Venezuela’s Oil Giant Turns to Crypto as US Sanctions Bite Again
23.4.2024
Venezuela's state-controlled oil company PDVSA intends to boost its use of digital currencies in crude oil and fuel exports, prompted by renewed US oil sanctions, Reuters reported on Monday.
The post Venezuela’s Oil Giant Turns to Crypto as US Sanctions Bite Again appeared first on Cryptonews
Stablecoin Market Hits $160 Billion, Reaching Heights Not Seen Since Terra’s Crash
22.4.2024
This week, the value of the fiat-pegged cryptocurrency economy has climbed to $160 billion, a peak last observed in May 2022, shortly before Terra’s UST detached from its intended $1 parity on May 9, 2022. In the past month, various stablecoins have experienced an increase in supply, with...
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 Expands to TON Blockchain With $60M USDT Launch
22.4.2024
Tether has partnered with the TON Foundation, launching $60 million of USDT on The Open Network (TON) blockchain as announced at the Token2049 event in Dubai, making TON the 11th largest blockchain out of 16 supproting Tether. This collaboration also introduced the gold-pegged Tether Gold (XAUT)...
Tether Integrates USDT on TON Network, Targets 900 Million Telegram Users
22.4.2024
Tether, the stablecoin company, has launched native USDT, the largest dollar-pegged stablecoin, on The Open Network (TON). With this addition, over 900 million Telegram users can seamlessly transfer digital dollars, without having to type crypto addresses. 11 million TON will be distributed among...
Tether Officially Reorganizes, Announces Four Different Business Divisions
20.4.2024
Tether, one of the largest companies in the cryptocurrency industry, has announced a reorganization of its business operations, seeking to restructure to support its expansion. Tether will now have four business divisions: Tether Data, focused on tech developments; Tether Finance, dedicated to...
Stablecoin Market Climbs $2.81B in a Week, Nearing $160B Valuation
19.4.2024
Over the past seven days, the stablecoin sector has expanded by $2.81 billion, bringing the dollar-pegged cryptocurrency market close to a total valuation of $160 billion. A significant portion of this growth, exceeding $2 billion, is attributed to the increase in USDT’s market...
Telegram to Introduce USDT Payments With Telegram Wallet and the Open Network
19.4.2024
Telegram and Tether are joining forces to bring users the ability to send USDT payments through The Open Network (TON) and Telegram wallet, the founders of each organization said at Token2049 in Dubai on Friday. The announcement could signal increased use of USDT amidst rising efforts by U.S....
Tether is on an unstoppable path beyond stablecoins
19.4.2024
Tether, the largest corporation in the digital asset market, has significantly contributed to the promotion of secure financial systems with its stablecoin. With the introduction of a novel framework for financially sustainable systems, they have commenced their triumphant voyage. Tether...
Tether Is Expanding Its USDT Stablecoin to TON Network, Transparency Page Shows
19.4.2024
The TON network has seen rapid growth recently helped by incentives for onboarding Telegram users
How is Tether used as a stablecoin in Defi applications?
19.4.2024
DeFi, which stands for Decentralized Finance, has the potential to change the way financial services are being offered by eliminating the roles of intermediaries such as banks and brokers. Blockchain technology is a decentralized, transparent platform where individuals can enter the system...
Operation Racer: Hong Kong Authorities Dismantle Cryptocurrency Laundering Operation
19.4.2024
Hong Kong customs officers arrested three individuals involved in a HK$1.8 billion ($228 million) money laundering operation that utilized a cryptocurrency platform and bank accounts of shell companies, with investigations revealing suspicious activities such as abnormally frequent large...
Sen. Lummis: It'll Pay to 'Choose Circle Over Tether' Under U.S. Stablecoin Proposal
18.4.2024
Circle Internet Financial would have a distinct advantage over global stablecoin leader Tether under U.S. regulations along the lines being suggested by new legislation, according to one of the latest bill's authors, Sen. Cynthia Lummis (R-Wyo.)