Wed, December 25

Tether Invests $775M in Rumble After Surpassing $10B in Profits

Tether Holdings Ltd., the world’s largest stablecoin issuer, is wrapping up 2024 with an impressive milestone: over $10 billion in net profits. CEO Paolo Ardoino shared the news in a recent interview, highlighting the growing demand for USDT. As Bitcoin and other cryptocurrencies hit record highs, USDT’s market capitalization grew

December 21, 2024 2 mins read

Stablecoin Issuer Tether Mints $2B USDT on Tron and Ethereum

Tether, the largest stablecoin issuer, has minted $2 billion USDT in the last four days. This contributes to a total of $19 billion USDT minted on Ethereum and Tron since November 6. These funds have consistently flowed into various cryptocurrency exchanges, fueling market activity. During the same period, Bitcoin’s price

December 7, 2024 2 mins read

XRP Surpasses USDT and SOL to Claim Third Largest Cryptocurrency Spot

XRP has surpassed Tether (USDT) and Solana (SOL), becoming the third-largest cryptocurrency by market capitalization. The native token of Ripple Labs reached $2.46 on December 2, marking a 30% daily increase and a staggering 375% rise over the last 30 days. XRP’s market cap soared to $138.78 billion, bolstered by

December 2, 2024 2 mins read

Stablecoin Issuer Tether Mints $3B in USDT Amid Crypto Market Rally

On November 23rd, in response to higher trading activity in the cryptocurrency markets, especially when Bitcoin’s price approached $100,000, stablecoin issuer Tether added $3 billion in USDT tokens to the Ethereum and Tron networks. According to data compiled by Arkham Intelligence, two billion USDT were created in a single transaction

November 25, 2024 1 min read

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
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