The global cryptocurrency market continues to showcase strong activity, with institutional investments and significant transactions involving Tether’s stablecoin, USDT. Cumberland, a prominent player in the crypto space, has injected substantial funds into major exchanges, signifying renewed market momentum. According to Lookonchain, over the past 40 hours, Cumberland has received a
In a notable development, Justin Sun, founder of TRON, announced a significant milestone as TRON’s issuance of USDT surpassed $60 billion, marking a milestone in the blockchain’s history. Sun highlighted TRON as the first blockchain to host a single stablecoin exceeding this threshold, underscoring its growing influence. The issuance of
Tether, the world’s largest stablecoin issuer, has launched a new payment option for Filipino citizens. Through a partnership with Web3 firm Uquid, Tether now enables citizens in the Philippines to settle their Social Security System (SSS) contributions using USDT, a stablecoin pegged to the US dollar, on The Open Network
Tether’s net circulation on The Open Network (TON) has surpassed 500 million, according to recent data from The Block. As of Tuesday, the network hosts 519.28 million USDT stablecoins, just two months after Tether introduced its U.S. dollar-backed stablecoin on TON, alongside the gold-backed XAUT. The Open Network highlighted the
In a concerning repeat of past events, a wallet labeled “Fake_Phishing189983” has transferred 600,000 USDC to the cryptocurrency exchange Bybit. This same wallet fell victim to a phishing attack 62 days ago, resulting in the loss of $1.58 million, also sent to Bybit. The recurrence of such incidents highlights the
Today, the world’s largest crypto exchange, Binance, announced that Tether (USDT) on the TON blockchain is now live on its platform. This integration allows users to engage in deposit and withdrawal operations using USDT on the TON network. USD₮ on @ton_blockchain is now live on @binance pic.twitter.com/tsYCxybDKx — Tether (@Tether_to)
Tether, the company behind the popular USDT stablecoin, has unveiled Alloy, a pioneering platform on Ethereum designed to mint a gold-backed stablecoin pegged to the U.S. dollar. aUSDT, the first Tethered asset, just launched!aUSDT is a synthetic dollar over-collateralised by XAUt (Tether Gold). Alloy by Tether is an open platform
The global crypto market started the weekend with a bearish trend, seeing its market cap dip to $2.42 trillion—a 0.74% decrease over the past day. In contrast, the total crypto market volume over the last 24 hours rose by 3.13%, reaching $71.94 billion. Bitcoin’s dominance slightly decreased to 54.05%, a
BlockDAG is setting the pace in the Layer 1 blockchain race, confidently advancing through its 11th presale batch with coins priced at just $0.007, marking a 600% increase from the beginning of presale. This strategic progression is powered by the innovative Dev Release 25, enhancing the platform’s performance and transparency.
A collaboration between blockchain data platform Chainalysis and USDT stablecoin issuer Tether has been announced. The goal of this collaboration is to improve the oversight of Tether token transactions, particularly with regard to the identification and mitigation of risks associated with illicit activity and sanctions breaches. This move is in
