The Stablecoin market cap leapfrogged the $211 billion mark amid USDC’s positive momentum. As per the recent report by Alphractal, a data analysis platform, the stablecoin market has witnessed tremendous growth since 2023 which was driven by USDT (Tether). According to a report, the stablecoin market surged by 73% from
The world’s biggest stablecoin issuer, Tether, has announced that the USDT asset is now connected to Bitcoin both at its fundamental level and through the Lightning Network. The Taproot Assets protocol engages in this by leveraging Bitcoin’s Taproot improvement to be able to improve security and increase functionality. Moreover, the
The re-election of Donald Trump as the president of the US is set to change the face of the crypto industry. While several states are proposing Bitcoin strategic reserves, crypto companies are tending to expand their US customer base. On similar lines, Tether also considers expanding its business in the
XRP remained one of the best performing cryptocurrencies in 2024 with two major events behind it. One being Ripple winning the case against the US SEC and the second being Trump’s election as the President of the US. These two major catalysts resulted in over 230% rise of XRP token,
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
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
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
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
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
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
