Tether, the stablecoin provider, has revealed that it holds $72.5 billion in US Treasury bonds, surpassing the United Arab Emirates, Mexico, Australia, and Spain. Moreover, Tether became the 22nd largest holder in the world. With this, Tether marks a significant milestone in the crypto market. While @Tether_to reached 72.5B exposure
Tether (USDT) , the widely-used stablecoin, has recently taken strategic steps to enhance its operational landscape. Reports indicate that Tether has entered into a collaboration with Britannia Bank & Trust, a private bank situated in the Bahamas. This venture aims to streamline dollar transfers within Tether. Moreover, sources familiar with
The crypto market has experienced a massive downtrend over the past few weeks. The top cryptocurrencies in the crypto market have shown strong bearish momentum. On the other hand, according to the Santiment data, several cryptocurrencies have witnessed the highest level of address activity. 📈🧐 The top 10 assets by
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
