Fintech companies have taken an awestruck look at the world of digital assets. Recently, the CEO of Tether, Paolo Ardoino, announced some remarkable figures about the user base of the firm. Currently, USDT is seeing more than 30 million new wallets getting added every quarter. In the third quarter of
Tether has frozen four wallets on the TRON network holding a combined $131 million in USDT. The funds have been linked to two of the most heavily sanctioned entities, Iran’s Islamic Revolutionary Guard Corps (IRGC) and the Central Bank of Iran. Moreover, both are sitting on the U.S. Treasury’s OFAC
Tether revealed its plans to cease support for its derivative gold stablecoin aUSDT after the organization decided to change its product strategy. The organization released the stablecoin in 2024 through Alloy by Tether. Itsa platform created to tokenize digital assets using tokenized collateral. In this case, users were able to
The Golden Month Giveaway, a month-long referral and trading promotion focused on gold-backed digital assets, was jointly introduced by Tether, the biggest firm in the digital asset sector, and Bybit, the second-largest cryptocurrency exchange in the world by trading volume. In addition to Lucky Draw entries for a chance to
The U.S. federal court permitted the Tether/Bitfinex crypto case yesterday to proceed as a class action. Although the case of investors claims that both companies influenced Bitcoin and Ethereum prices at the time of the 2018 crypto boom using newly issued USDT tokens. A federal judge in New York permitted
Tether has frozen approximately $4.2 billion worth of its USDT stablecoin over links to illicit activity, the company confirmed. The El Salvador-based issuer said it carried out most of these freezes in the past three years as global enforcement efforts intensified. The stablecoin giant, which now has more than $180
Tether has observed another fall in the market capitalization of its major stablecoin, Tether, for the second consecutive month. It is noted that the market capitalization of USDT reduced from above $186 billion in January to close to $183 billion in February. This reduction is one of the most prominent
Oobit, a crypto payment application, has announced the roll out of the crypto-to-bank transfer functionality. This builds on the existing offering to its users, gaining an edge in the competitive market while remaining different from traditional off-ramp providers. Backed by Tether, Oobit has provided additional crucial information to clarify details
The largest stablecoin issuer, Tether, has said that it decided not to support its offshore Chinese Yuan-pegged Stablecoin CNH₮ because of the weaker demand compared with its other stablecoin products and tighter regulatory pressures. According to the announcement on February 20, Tether said that it will follow a structured, transparent
Tether Investments has made an investment in LayerZero Labs, as it strengthens Tether’s focus on expanding blockchain interoperability and improving the infrastructure that supports digital asset payments, and emerging use cases such as AI-based transactions across multiple networks, as per Tether’s announcement on February 10. LayerZero’s Omnichain Infrastructure for USDt0
