Sat, November 23

USDT Stablecoin Issuer Tether Mints $1 Billion USDT on Tron

Arkham Intelligence, a onchain analytics business, said that Tether minted $1 billion worth of USDT stablecoins on the Tron network without paying any fees for the massive transaction. A transaction from a Tron “black hole address” to Tether’s multisignature wallet starting with the characters “TBPxh” was identified on November 14

November 16, 2024 2 mins read

US DOJ Reportedly Investigating Tether for Alleged Violations

Allegedly, the USDT stablecoin issuer is the subject of an investigation by the US Department of Justice (DOJ) investigating possible breaches of anti-money laundering regulations. This is happening shortly after Tether CEO Paolo Ardoino demanded consistent crypto rules across the nation. A US government investigation into Tether into potential sanctions

October 26, 2024 2 mins read

USDT Issuer Tether Eyes Commodities Traders with US Dollar Lending

In its pursuit of methods to use its substantial earnings, Tether Holdings Ltd., the corporation responsible for the USDT stablecoin, is contemplating financing to commodities traders. The corporation has reportedly approached many commodities businesses about US-dollar lending, according to sources familiar with the situation. A market that has relied on

October 15, 2024 2 mins read

Tether Celebrates 10th Anniversary with Documentary on USDT Stablecoin

On its 10th anniversary, stablecoin issuer Tether announced that a documentary on USDT and its role in combating inflation would be released. Interviews with Tether users who have used the stablecoin to fight inflation were included in the trailer. High inflation rates were shown in the trailer via conversations with

October 6, 2024 2 mins read

UK High Court Pioneers In Ruling Tether (USDT) as Property

The UK High Court has officially classified Tether (USDT) as a form of property under English law. This ruling, delivered on September 12, 2024, is the first of its kind in the UK to follow a full trial. The case involved a fraud victim who sought to recover stolen USDT

September 13, 2024 2 mins read

Tether Accused of Transparency Deficit by Consumer Watchdog

Web3 and cryptocurrency consider transparency their cornerstone and crucial for the decentralization motto. Additionally, within the sector, every firm aims to provide a transparent environment to its users and investors alike. Recently, leading stablecoin issuer and cryptocurrency institution, Tether has encountered a crossroads receiving accusations regarding its transparency.  Notably, the

September 13, 2024 2 mins read

Tether, TRON, and TRM Labs Launch T3 Unit to Combat USDT Fraud

As crypto scams increase in 2024, TRON, the decentralized blockchain platform, Tether, the issuer of the USDT stablecoin, and TRM Labs, a leading blockchain intelligence firm, have teamed up to launch the T3 Financial Crime Unit (T3 FCU). This new partnership is all about cracking down on illegal activities related

September 10, 2024 2 mins read

Stablecoin Market Breaks Records With New All-Time High

Eleven months of steady growth led to the market capitalization of stablecoins reaching an all-time high of $168 billion. The market’s sharp decline to $135 billion by the end of 2022 set the stage for a strong recovery. Reportedly, DefiLlama data reveals that the overall market capitalization of stablecoins has

August 26, 2024 2 mins read

Tether Helps Law Enforcement Recover Over $108.8M in Illicit USDT 

Tether has actively collaborated with law enforcement agencies globally since its inception in 2014 to combat illegal activities involving its stablecoin, USDT. The company has played a significant role in helping 145 law enforcement agencies recover more than $108.8 million in USDT. This amount was tied to various illicit activities.

August 24, 2024 2 mins read

Tether USDT to Debut on the Aptos Blockchain

Tether, the issuer of the largest stablecoin, announced via its official website through a press release that it will soon launch USDT on the Aptos Blockchain.  Aptos as a Proof of Stake network, has processed more than 1 billion transactions. This collaboration is said to make digital currency more accessible

August 19, 2024 1 min read