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Search Results for: Tether

Tether Helps Law Enforcement Recover Over $108.8M in Illicit USDT 

Tether has actively collaborated with law enforcement agencies globally since its inception in 2014 to combat illegal activities involving its stablecoin, USDT. The company has played a significant role in helping 145 law enforcement agencies recover more than $108.8 million in USDT. This amount was tied to various illicit activities.

August 24, 2024 2 mins read

US Authorities Reclaim $5M in Tether USDT from Scam Operations

The United States attorney for the Eastern District of North Carolina has announced that nearly 5 million dollars worth of Tether USDT has been seized from a crypto scam. These funds were traced to cryptocurrency addresses associated with the laundering of unclean funds stolen from victims by following a ‘Pig

August 23, 2024 2 mins read

Tether Announces Launch Plan of UAE Dirham-Pegged Stablecoin

Investors in the cryptocurrency market have taken notice of the latest declaration from top stablecoin issuer Tether. The USDT issuer recently announced plans to create and release a stablecoin linked to the UAE dirham in an X post. Taking advantage of the increasing use of blockchain technology in the Middle

August 21, 2024 2 mins read

Tether Mints $1B USDT on Tron, Hits $33B in Yearly Issuance

The total amount of USDT tokens minted in the last year by stablecoin issuer Tether has reached $33 billion. Thanks to the addition of 1 billion USDT tokens on the Tron network. According to blockchain data, Tether minted $1 billion worth of USDT to its treasury wallet on August 20th

August 20, 2024 2 mins read

Tether USDT to Debut on the Aptos Blockchain

Tether, the issuer of the largest stablecoin, announced via its official website through a press release that it will soon launch USDT on the Aptos Blockchain.  Aptos as a Proof of Stake network, has processed more than 1 billion transactions. This collaboration is said to make digital currency more accessible

August 19, 2024 1 min read

Celsius Network Files Lawsuit Against Tether Over $2B Worth Bitcoin Claims

In response to Celsius Network’s Bitcoin (BTC) fraud accusation, stablecoin issuer Tether has declined to assume responsibility. The chief executive officer of the company, Paolo Ardoino, provided a clear account of what happened between them. Celsius Network has sued the USDT issuer and its related organizations, claiming that they were

August 10, 2024 2 mins read

USDT Issuer Tether Reports Record Profit in Q2 2024

The report for the second quarter (Q2) of this year has been issued by Tether Holdings Ltd, the issuer of USDT stablecoin. The company claimed a substantial increase in its earnings base in addition to retaining its quarterly supremacy. The USDT issuer announced a significant profit of $5.2 billion for

August 1, 2024 2 mins read