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
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
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.
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
In H1 2024, the stablecoin sector witnessed 24.3% growth in market cap according to CMC data. It also dominated the DeFi sector and is stated to be a fast emerging digital asset. Popular stablecoins such as USDT and USDC showed substantial growth in users apart from increases in market cap.
The global cryptocurrency market continues to showcase strong activity, with institutional investments and significant transactions involving Tether’s stablecoin, USDT. Cumberland, a prominent player in the crypto space, has injected substantial funds into major exchanges, signifying renewed market momentum. According to Lookonchain, over the past 40 hours, Cumberland has received a
In a notable development, Justin Sun, founder of TRON, announced a significant milestone as TRON’s issuance of USDT surpassed $60 billion, marking a milestone in the blockchain’s history. Sun highlighted TRON as the first blockchain to host a single stablecoin exceeding this threshold, underscoring its growing influence. The issuance of
Tether, the world’s largest stablecoin issuer, has launched a new payment option for Filipino citizens. Through a partnership with Web3 firm Uquid, Tether now enables citizens in the Philippines to settle their Social Security System (SSS) contributions using USDT, a stablecoin pegged to the US dollar, on The Open Network
Tether’s net circulation on The Open Network (TON) has surpassed 500 million, according to recent data from The Block. As of Tuesday, the network hosts 519.28 million USDT stablecoins, just two months after Tether introduced its U.S. dollar-backed stablecoin on TON, alongside the gold-backed XAUT. The Open Network highlighted the
In a concerning repeat of past events, a wallet labeled “Fake_Phishing189983” has transferred 600,000 USDC to the cryptocurrency exchange Bybit. This same wallet fell victim to a phishing attack 62 days ago, resulting in the loss of $1.58 million, also sent to Bybit. The recurrence of such incidents highlights the
