Paolo Ardoino, CTO of Tether, gave his thoughts on PayPal’s stablecoin launch. In terms of market cap, Tether (USDT) is the biggest stablecoin. Ardoino maintained that the most recent PYUSD maneuver would not threaten their preeminence. According to Ardoino, this is because PayPal’s stablecoin (PYUSD) was introduced in the United
The paramilitary group Wagner rebelled against the military leadership in Moscow, resulting in the Russians exchanging their rubles, Russia’s currency, with the dollar-pegged cryptocurrency this weekend. This results in a total volume of trades between rubles, and the stablecoin Tether (USDT) has surged from $4 million on Saturday to $15
Tether, the leading issuer of stablecoins, has recently completed a significant minting process at Tether Treasury. In an effort to replenish its inventory, Tether has minted a whopping 1 billion USDT (equivalent to $1,005,442,500 USD) tokens on the Tron Network. 💵 💵 💵 💵 💵 💵 💵 💵 💵 💵
In recent hours, Tether’s stablecoin (USDT) has faced increasing instability, shockingly losing its peg to the US dollar. At the time of writing, USDT is trading at 0.9958. It continues its downward trend from the $1 peg. This development has raised concerns within the cryptocurrency community, with heavy selling pressure
Tether, the prominent stablecoin issuer, has recently completed its second $1 billion issuance within two months, bringing the total amount issued in 2023 to over $16 billion. The transaction occurred on June 12, utilizing the Ethereum blockchain. Paolo Ardoino, Tether’s Chief Technology Officer (CTO), took to Twitter to clarify that
Tether, the issuer of the world’s largest stablecoin by market capitalization (USDT), has announced that it took part in the first round of a new billion-dollar renewable energy initiative in El Salvador. Moreover, it is looking to invest $1 billion to build the world’s largest Bitcoin mining farms. Tether Energy
One of the official representatives of the U.S. Securities and Exchange Commission (U.S SEC), John Reed Stark warns to ban Tether (USDT) from financial regulators of crypto-based companies in America. He also portrays Tether as a ‘Mammoth House of Cards‘. As per John, Tether would be the next denomination to
Commercial papers are short-term, unsecured debt instruments. The company had pledged to eliminate its commercial paper entirely by year’s end. One of the biggest stablecoin, Tether (USDT), has been in the news for a few different reasons recently. Although not everything that happened had a happy ending. An objection was
McDonald’s starts accepting BTC and USDT payments in Switzerland. Lugano city’s McDonald’s to be the first to accept crypto payments. City of Lugano is keen on making the city completely crypto based. McDonald’s, the world’s one of the first widely spread out multinational global fast food chains, has been accepting
The company intends to completely liquidate all of its commercial paper assets. Tether has been preparing to submit financial records to the New York Court. Tether (USDT), the biggest stablecoin in the crypto market, has been in the spotlight for a number of reasons recently. The company’s previous auditor was
