Tether will transfer a portion of its USDT cold wallets from other blockchains to USDT on Ethereum via a chain swap. The overall supply of USDT will remain unchanged. Tether to Allow Traders to Utilize USDT Across Blockchains A chain swap is a procedure used to transfer cryptocurrency between blockchains. Through this procedure, crypto users…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Stablecoin powerhouse Tether has announced a major cross-chain transfer, moving over $2 billion in USDT from various blockchains to the Ethereum network. The transfer, carried out on behalf of a major but undisclosed exchange, involves transferring 1 billion USDT from Tron, 600 million from Avalanche, 300 million from NEAR,…
November 5, 2024 at 11:15 PM GST updated: November 5, 2024 at 08:27 PM 4 mins read Press Release As we approach the 2024 elections, crypto enthusiasts are emerging as a powerful voter bloc, making their influence known across the political market. With coins like Ethereum, Tether, Solana, and Binance reshaping financial systems, the crypto…
Este artículo también está disponible en español. On Thursday, Tether (USDT), the world’s largest stablecoin issuer, released its third-quarter (Q3) assurance opinion report, revealing substantial financial results amid the broader market recovery led by Bitcoin (BTC). Total Tether Assets Reach All-Time High Conducted by accounting firm BDO, the report highlights Tether’s growth, with a net…
Stablecoin issuer Tether saw its profit reach a record $2.5 billion in the third quarter of the year, contributing to a nine-month profit total of $7.7 billion – an all-time high. As of September 30, 2024, the company reported $134.4 billion in consolidated assets and $14.2 billion in group equity, as per its Q3 2024…
Donald Trump’s latest foray into cryptocurrency, World Liberty Financial (WLF), is said to be preparing to issue its own stablecoin as part of an ambitious expansion plan. The news comes even as the project’s recent sale of its native token, WLFI, has only secured about $14 million from slightly more than 16,000 buyers. WLF Stablecoin…
Tether CEO Paolo Ardoino has disclosed details about the stablecoin issuer’s reserves, revealing that it holds $5.58 billion in Bitcoin (BTC), $3.87 billion in gold, and approximately $100 billion in U.S. Treasury bonds. This breakdown comes as the company faces allegations of a federal investigation in the U.S. and renewed questions about its reserve backing….
October 27, 2024 at 09:55 PM GST updated: October 27, 2024 at 09:13 PM 2 mins read News The judiciary probes Tether’s possible use in illegal activities, which creates rising concerns over stablecoin reliability. Tether’s USDT briefly loses its dollar peg amid DOJ inspection, impacting crypto market prices and leading to a substantial selloff. The…
The world’s largest stablecoin issuer, Tether, has joined hands with authorities in the Swiss City of Lugano to unveil a new statue of the pseudonymous Bitcoin creator Satoshi Nakamoto at the third annual forum of the Plan ₿ initiative. According to a press release by Tether, the Satoshi Nakamoto statue embodies the Bitcoin creator’s mystery…
October 26, 2024 at 09:48 PM GST updated: October 26, 2024 at 08:30 PM 2 mins read News Tether’s recent unpeg stirs stability concerns, spotlighting Ripple’s RLUSD as a potential alternative for cautious investors. With Tether’s legal scrutiny intensifying, Ripple-backed stablecoins gain attention for regulatory transparency and reliability. Bitcoin and altcoins dip amid USDT’s volatility,…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Tether Holdings Ltd., issuer of the popular USDT stablecoin, faces heightened scrutiny as U.S. regulators ramp up investigations that could disrupt the digital assets ecosystem. This intensified oversight comes on the heels of new inquiries from the U.S. Department of Justice and the Treasury Department, which reportedly are exploring…
Bitcoin and the altcoins went through massive volatility on Friday night after a controversial report from the Wall Street Journal, which was denied by Tether’s CEO immediately. However, the damage was done, which harmed over-leveraged traders, as the liquidations skyrocketed to over $400 million on a daily scale. CryptoPotato reported WSJ’s claims that the US…
In a recent report by the Wall Street Journal (WSJ), it was alleged that Tether is currently under federal investigation for potential violations related to sanctions and anti-money laundering (AML) regulations in the US. The inquiry, reportedly led by prosecutors from the Manhattan US Attorney’s Office, is said to focus on whether Tether’s stablecoin, USDT,…
The U.S. federal government is investigating Tether – issuer of the world’s largest stablecoin, USDT – for possibly violating anti-money laundering rules and sanctions, the Wall Street Journal reported on Friday. Following the news, Bitcoin’s price plummeted from $68,600 to $66,589 at writing time.Prosecutors at the Manhattan U.S. attorney’s office are investigating whether the USDT…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Tether Holdings Ltd, the issuer of the world’s largest stablecoin (USDT) is making waves in the crypto world. The stablecoin issuer has targeted Turkey’s boron market for a digital makeover. The stablecoin giant proposes innovative solutions that blend blockchain technology with one of the country’s most valuable resources: borate…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Tether’s United States dollar-pegged stablecoin USDT keeps raising the bar in the digital asset industry. Today, USDT has surpassed the record $120 billion market capitalization. This is the first time it has reached such a level, signaling a potential crypto rally. Noteworthy, increasing stablecoin supply is usually an indication…
Stablecoin giants like USDT and USDC continue to strengthen their hold on the market, expanding their dominance and market share. However, a new contender is making waves – PayPal’s PYUSD. While still relatively smaller, this emerging stablecoin is gaining momentum, signaling a potential shift, as per recent data. Stablecoin Power Shift? According to a report…
The stablecoin market is growing, increasing liquidity and stabilizing the crypto space. This growth can be seen in the two largest stablecoins, Tether USD (USDT) and USD Coin (USDC), which are now responsible for a large portion of the crypto market’s transaction volume. A tweet by the decentralized finance analysis platform IntoTheBlock revealed that USDT…
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 operation. Economist Peter Schiff warned of impending financial ruin unless the U.S. allows its “phony economy” to…
The leading stablecoin issuing company, Tether, is celebrating its tenth anniversary and a decade of innovation that has contributed to the advancement and development of the digital asset landscape. According to a press release by Tether, the crypto firm will commemorate the anniversary by releasing a documentary titled “Stability and Freedom in Chaos.” The documentary…
The United Nations Office on Drugs and Crime (UNODC) expressed deep concern about crypto’s role in facilitating illicit activities across Southeast Asia. It notes that the existing underground banking infrastructure, including underregulated casinos, junkets, and illegal online gambling platforms, has increasingly adopted crypto as a tool for crime. UNODC Raises Alarm Over Crypto In its…
October 7, 2024 at 04:55 AM GST updated: October 7, 2024 at 05:16 AM 2 mins read News USDT dominates Brazil’s crypto market with 80% of all transactions in 2023, totaling $54 billion. Tether’s market cap hits $120 billion, maintaining its status as the largest stablecoin globally. In 2024, USDT-Turkish Lira trades on Binance surpassed…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Tether, the issuer behind the leading stablecoin USDT, has recently marked a decade of pioneering efforts in cryptocurrency. The digital asset pegged on 1:1 with the US dollar has become one of the most popular digital currencies by market capitalization. It offers a stable store of value and a…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Tether, one of the leading stablecoin issuers, has announced plans to develop a new solution tailored to the European market. According to the announcement on X, this strategic move is in response to the evolving regulatory landscape in the region, particularly the implementation of the Markets in Crypto-Assets (MiCA)…
October 5, 2024 at 03:45 AM GST updated: October 5, 2024 at 02:16 AM 3 mins read News Bitcoin maintains its dominance as a store of value, accepted for both real-world and digital purchases. Ethereum’s smart contracts and decentralized applications have driven blockchain innovation, supporting NFTs and gaming platforms. Stablecoins like Tether and USD Coin…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 In a move that could reshape Europe’s stablecoin landscape, Coinbase Global Inc. made a shocking announcement earlier today. The global exchange revealed its plans to delist all unauthorized stablecoins from its trading platform across the European Economic Area (EEA) by the end of this year. This bold decision directly…
October 4, 2024 at 04:40 PM GST updated: October 4, 2024 at 04:32 PM 1 min read News Coinbase to delist all non-compliant stablecoins in the EEA by December 2024. MiCA regulation forces exchanges to restrict unauthorized stablecoins. Tether among stablecoins facing delisting due to EU MiCA rules. Coinbase plans to delist all unauthorized stablecoins…
October 1, 2024 at 07:23 AM GST updated: September 30, 2024 at 07:54 PM 3 mins read News Bitcoin remains the top decentralized currency, facilitating peer-to-peer transactions without intermediaries and sustaining high market interest. Ethereum’s upgrades, including the Ethereum Merge and Dencun, address scalability and fee issues, driving adoption in various industries. Solana’s fast, low-cost…
October 1, 2024 at 03:15 AM GST updated: September 30, 2024 at 07:26 PM 3 mins read News Tether’s USDT balance hit $20.3 billion on exchanges, highlighting investor confidence in market stability. Ethereum’s smart contracts and DApps drive blockchain technology beyond digital currency, enabling decentralized applications. Binance leads the crypto exchange market with its vast…
Swan Bitcoin has sued several former employees, accusing them of illegally taking highly prized components of its BTC mining business. Filed on September 25, the lawsuit claims these executives, now running Proton Management, conspired to misappropriate Swan’s intellectual property and secured funding from Tether to create a “counterfeit competitor.” Rain and Hellfire Plan The court filing…
September 20, 2024 at 07:28 PM GST updated: September 20, 2024 at 03:28 PM 2 mins read News Upbit to launch MEW trading in Bitcoin and USDT markets on September 19, with strict trading restrictions in place. MEW trading volume surged by 230%, pushing its RSI to 85, signalling potential overbought conditions and a possible…
Palo Alto-based crypto custody firm BitGo has launched a new stablecoin, USDS, that is set to go live in January 2025. The company says the stablecoin will be fully backed by U.S. dollars through a mix of short-term Treasury bills, overnight repos, and cash in a bid to ensure liquidity and minimize risk. New Approach…
September 14, 2024 at 01:15 AM GST updated: September 14, 2024 at 01:00 AM 2 mins read News UK High Court designates Tether’s USDT as property, paving the way for digital assets under English law. Farnhill rules USDT as property; D’Aloia’s fraud case prompts landmark decision on cryptocurrency tracing. Legal precedent set as UK court…
September 11, 2024 at 04:55 AM GST updated: September 11, 2024 at 02:51 AM 3 mins read News USDT reserves on exchanges surged sharply since August 2024, signaling potential future market moves. Stablecoin shift: USDT’s dominance rises as USDC and BUSD reserves decline, reflecting changing user preferences. Increased USDT holdings suggest investors may be preparing…
Tron, Tether, and TRM Labs have announced the creation of the T3 Financial Crime Unit (T3 FCU), a new initiative aimed at fighting illicit activity in the cryptocurrency space. The partnership, focused on public-private collaboration, seeks to improve security within the Tron blockchain and reduce the misuse of its tether (USDT) stablecoin. Crypto Giants Tron,…
USDT issuer Tether has made a move into the agriculture sector with a $100 million investment in Adecoagro, a South American agricultural firm. This marks its first venture into the agriculture and food industry, expanding its investment portfolio beyond its previous focus areas of technology and digital assets. Tether Acquires 9.8% Stake in Adecoagro In…
September 7, 2024 at 08:00 AM GST updated: September 6, 2024 at 12:06 PM 1 min read News They are doing well, and as the cryptocurrency market develops, these specific coins have some remarkable qualities and the ability to achieve incredible highs. Here are five coins with unique characteristics that define the future of crypto…
September 7, 2024 at 04:00 AM GST updated: September 6, 2024 at 10:55 AM 2 mins read News Some currencies focus on solving instability problems by providing stablecoins. This paper analyzes five significant cryptocurrencies: Tether (USDT), USD Coin (USDC), Staked Ether (stETH), LINK, and UNI. Tether (USDT): The Introduction to the Concept of Stability Considered…
Liquidity is growing in the crypto market, yet it remains largely unallocated. Over the past 30 days, more than $3.65 billion has been injected into the market through the issuance of USDT, as per the latest analysis by CryptoQuant. This rise in capitalization indicates a larger infusion of external capital into the crypto market, as…
The Tether network quietly achieved a 5-month high in new wallet creation, surpassing 31.3K addresses in a single day, and the highest since March 2024. This surge has coincided with rising network growth in Multi Collateral Dai, indicating a broader trend across stablecoins. According to Santiment’s analysis, 732 new DAI wallets were created, representing the…
August 27, 2024 at 06:17 AM GST updated: August 26, 2024 at 08:09 PM 2 mins read News As the year 2024 draws nearer, cryptocurrency investors and analysts are looking forward to the market for exceptional returns. These assets have exhibited excellent stability: Tether (USDT), Solana (SOL), Bitcoin (BTC), Binance Coin (BNB), and Toncoin (TON)….
Stablecoins have reached an all-time high market cap of $169.57 billion following nearly a year of uninterrupted growth. Leading assets such as Tether’s USDT and Circle’s USDC have seen a significant resurgence this year, in addition to a newcomer. Stablecoin Market Cap Surge Data compiled by DefiLlama revealed that this is the highest market cap…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Since its launch in 2014, stablecoin issuer Tether has played a crucial role in assisting global law enforcement in the fight against illicit cryptocurrency activities. According to recent news, Tether has helped over 145 law enforcement agencies recover $108.8 million in USDT tied to illegal activities. This recovery effort…
Tether’s AED-pegged stablecoin aims to provide a transparent, cost-effective hedge against currency fluctuations fully backed by UAE-based reserves. The AED-pegged stablecoin will also support the UAE’s growing economic activities, offering businesses and individuals an efficient and secure means for trading, cross-border payments, and digital asset diversification. Stablecoin issuer Tether recently announced its plans to launch…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Tether, the issuer of the popular stablecoin USDT, has announced plans to expand its suite of stablecoins with a new token pegged to the United Arab Emirates Dirham (AED). According to a blog post, the launch will be conducted in partnership with Phoenix Group PLC, a leading UAE-based tech…
Stablecoin issuer Tether plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED), marking an expansion in its portfolio of digital assets. Developed in partnership with UAE-based tech conglomerate Phoenix Group PLC and supported by Green Acorn Investments Ltd, this project will leverage the UAE’s regulatory framework for Payment Token Services….
Stablecoin issuer, Tether has revealed plans to launch US dollar-pegged Tether tokens (USDT) on Aptos Network. This move aligns with Tether’s broader strategy to make digital currency more accessible and useful across the world by capitalizing on Aptos’ ecosystem, according to the official press release shared with CryptoPotato. USDT Set to Debut on Aptos The…