Tether, the world’s largest stablecoin provider, has once again made headlines with the freezing of another account. According to the report, another address on the Tron network, which contains a massive amount of USDT, got frozen. Already five accounts have frozen since the beginning of the year. Tether can block
The crypto market’s leading stablecoin provider, Tether (USDT), reached a market capitalization of around $81.5 billion on Thursday. It is the highest point of its market capitalization since Terra’s collapse in May 2022. USDT is just $2 billion behind to surpass its all-time high of $83.4 billion, which it reached
Tether, a stablecoin, may now be transferred between Telegram users. The messaging app announced Wednesday that USDT-TRON (also known as TRC20) is now supported in its wallet feature. After Bitcoin and Ethereum, USDT has a $78 billion market valuation, making it the third biggest cryptocurrency. In addition, its value is
On March 21 Tether minted 1 billion USDT on the Tron Network. This follows the billions of stablecoin that it has minted over the last week. In the last seven days, Tether has minted 4 billion USDT. Tether’s mintings have come as the stablecoin sector is facing increased competition, with
Binance introduced the “Secure Asset Fund for Users” (SAFU) on January 29, 2022; the SAFU is a $1 billion emergency insurance fund designed to protect Binance users in the case of a disaster. The SAFU fund’s initial holdings included BNB, BUSD, and BTC. Binance has replaced BUSD in the fund
The mining of cryptocurrencies can be a dependable source of income; however, the endeavor is fraught with a plethora of complexities and risks that must be taken into consideration. Because of this, an initial investment of a significant sum of money is required to be made in mining equipment, as
According to its most recent attestation report, Tether Holdings Limited, the issuer of the biggest stablecoin USDT, earned $700 million in the fourth quarter. In this case, the value of the consolidated assets is more than the total of the consolidated liabilities. At the conclusion of the year, Tether, a
After “TRON’s Proposal No. 83, to activate dynamic energy”, which becomes active on the 5th of February, 2023, TRON-powered TRC-20 transactions faced interruptions. Users of USDT encounter a problem with transferring their funds to other exchanges. Following the proposal, the stablecoin Tether “USDT” has buzzed social media with transaction issues.
Crypto.com is restricting the Tether stablecoin (USDT) trading services in the Canadian region. This is seemingly the follow-up action by the largest crypto platforms after the Pre-Registration Undertaking (PRU) with the Ontario Securities Commission (OSC). And, Crypto.com will delist the USDT from 31st Jan 2023. crypto dot com to delist
In light of the rising speculation that Tether’s increasing amount of secured loans may lead to the downfall of the stablecoin issuer, Tether issued an official statement later today. The cryptocurrency corporation has decided to reduce its credit exposure to zero by 2023. Tether’s statement reveals the company is strengthening
