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
In a volatile quarter for the cryptocurrency industry, stablecoins have emerged as key indicators for impending market surges, while leading exchange Huobi faces intensified scrutiny. The ongoing tug-of-war between regulatory uncertainty and market optimism has kept investors on their toes. Historically, the movement of stablecoins such as Tether (USDT) and
To enable the transmission of orders and signals to Bitcoin mining gears, Tether developers are releasing ground-breaking JavaScript libraries. Tether CTO Paolo Ardoino announced on Twitter that certain components of the mining software would be released as open source in the future. Improved efficiency in managing mining capacity is the
According to its most recent financial attestation for the second quarter of 2023, Tether’s treasury reserve assets supporting circulating USDT tokens continue to grow. Tether Holdings said in its Q2 attestation report that its surplus reserves had grown by $850 million, to a total of $3.3 billion, as per the
Tether, the firm behind USDT, the biggest stablecoin, and the officials of Georgia have signed a Memorandum of Understanding (MOU). Because of this collaboration, the country will be able to get closer to its goal of being a worldwide hub for blockchain technology, and the company’s reputation as “a pioneering
Navigating the volatile realm of cryptocurrencies, Ethereum (ETH) stands out, maintaining its influential role among altcoins. Boasting a substantial market capitalization exceeding $228 billion, Ethereum retains its position as the silver medalist in the crypto race. A stable price of $1,901.09 also signifies this digital currency’s steady acceptance and usage.
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 stablecoin issuer, is expanding its reach by issuing its USDT stablecoin on the Kava blockchain. The move aims to enhance liquidity and provide users with more options across multiple blockchains. Kava is a layer-1 blockchain known for its scalability and speed. It offers a unique co-chain design
Tether, the leading issuer of the stablecoin USDT, has responded to allegations that it deactivated the accounts of major cryptocurrency firms, including MoonPay. The claims were based on documents released by the New York Attorney General (NYAG). It revealed that Tether had terminated approximately 29 accounts. That included BlockFi, CMS
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. 💵 💵 💵 💵 💵 💵 💵 💵 💵 💵
