In a noteworthy move, Tether, the leading stablecoin, has decided to drop its opposition to the Freedom of Information Law (FOIL) matter. This pivotal decision stems from Tether’s commitment to transparency, particularly during the prevailing financial uncertainty. At its heart, Tether aims to provide openness, stability, and liquidity, critical values
In recent hours, Tether’s stablecoin (USDT) has faced increasing instability, shockingly losing its peg to the US dollar. At the time of writing, USDT is trading at 0.9958. It continues its downward trend from the $1 peg. This development has raised concerns within the cryptocurrency community, with heavy selling pressure
In a groundbreaking move, USDT Tether has invested in El Salvador, marking a notable progression in the country’s crypto-centric economy. Meanwhile, traders are showing immense interest in Tradecurve, an up-and-coming platform currently in its presale phase, betting big on its promising future. As we dissect these significant developments, we ask:
The United States’ crypto war has also had an effect on the stablecoin ecosystem, with a notable split developing between the two largest issuers. According to the company’s transparency report, the total supply of Tether has hit an all-time high of 83.36 billion USDT. Will Clemente, an industry expert, said:
Tether, the prominent stablecoin issuer, has recently completed its second $1 billion issuance within two months, bringing the total amount issued in 2023 to over $16 billion. The transaction occurred on June 12, utilizing the Ethereum blockchain. Paolo Ardoino, Tether’s Chief Technology Officer (CTO), took to Twitter to clarify that
Despite a global crackdown on crypto assets, demand for tether (USDT) has been robust in Turkey since early May. The Turkish lira has performed significantly worse than the big cryptocurrencies, a recent report from Bloomberg notes. Longtime Turkish President Recep Tayyip Erdogan was reelected. Moreover, the country’s national fiat currency
Last week, the cryptocurrency market once again found itself under the microscope. The Securities and Exchange Commission (SEC) filed a series of lawsuits, causing ripples across the digital currency landscape. Consequently, Bitcoin (BTC), Ethereum (ETH), and even Tether (USDT) saw fluctuations in their market performance. Interestingly, the most significant shakeup
Tether, the issuer of the world’s largest stablecoin by market capitalization (USDT), has announced that it took part in the first round of a new billion-dollar renewable energy initiative in El Salvador. Moreover, it is looking to invest $1 billion to build the world’s largest Bitcoin mining farms. Tether Energy
The world’s first stablecoin, Tether (USDT) has joined hands with CityPay.io, the cryptocurrency payment gateway. Hence, the company expands to around 600 locations all over the Georgian country. The presence is seen in public places like hotels, retail shops, and much more. Tether expands its presence in Georgia🇬🇪 We have
Tether, the firm behind the USDT stablecoin, has announced a new, substantial commitment to support Bitcoin, after its prior disclosure that it would be purchasing Bitcoin with profit. Tether has now launched Tether Energy in Uruguay. Where they want to invest in the sustainable generation of electricity and the mining
