USDT

Tether’s USDT stablecoin is approaching a $120 billion market cap

September 23, 2024 1 min read

Tether’s USDT stablecoin is nearing $120 billion, reinforcing its status as the leading stablecoin in the cryptocurrency market. The company has issued $35 billion in USDT over the past year, exceeding its primary competitor, Circle’s USDC. As of Q2 2024, Tether possesses in excess of $97 billion in US Treasuries, ranking as the 18th largest holder of US government bonds worldwide. Stablecoins such as USDT are utilitarian for daily transactions

Tether Dominates Stablecoin Market with $118B Supply

September 17, 2024 1 min read

Tether’s USDT stablecoin now holds more than 75% of the stablecoin market, a considerable increase from 55% in 2022. This increase is attributed to the growing demand for USDT as a reliable middleman between fiat currencies and digital assets. With a circulating supply of $118 billion, USDT has witnessed consistent adoption throughout crypto marketplaces, bolstered by its good financial performance. Tether earned $400 million in income over the last month,

A UK court officially recognizes Tether’s USDT as property

September 16, 2024 1 min read

The High Court of Justice in England has classified Tether’s stablecoin, USDT, as property, representing a crucial development for both institutional and retail investors. Crypto pundit GS posits that this verdict may facilitate increased adoption of USDT by establishing a clearer regulatory framework, thus diminishing regulatory ambiguity and enhancing its attractiveness to investors pursuing stability and legitimacy in their crypto assets. It may establish a global precedent for other nations,

Blockchain investigator ZachXBT accuses USDC issuer Circle of ‘profiting’ North Korea hackers’ group

September 15, 2024 1 min read

Blockchain investigator ZachXBT has accused USDC issuer Circle of benefiting from transactions tied to the North Korean hacking group Lazarus. The claims are serious, as Circle took 4.5 months to ban assets related to the Lazarus Group, compared to other major stablecoin issuers. ZachXBT also chastised Circle for failing to take measures to prevent the gang from laundering money through their platform. The USDT issuer and other stablecoin issuers blacklisted

Tether invests $100 million in agricultural firm Adecoagro, marking a strategic shift

September 9, 2024 1 min read

Tether, the USDT stablecoin issuer, has allocated $100 million to Adecoagro, an agricultural enterprise, signifying a strategic initiative to broaden its portfolio outside digital finance. The investment, executed between July 29 and August 16, 2024, entailed Tether acquiring approximately 10 million shares with the company’s working resources. Adecoagro, with a valuation of $1 billion, is a significant entity in the agricultural industry, functioning in Argentina, Brazil, and Uruguay. The company

Tether to Integrate USDT Into the Aptos Network

August 19, 2024 1 min read

Tether has integrated with Aptos blockchain, allowing users to transact with USDT at a lower cost compared to more expensive networks like Ethereum. Aptos, co-founded by former Meta engineers Mo Shaikh and Avery Ching, aims to offer a scalable, efficient, and user-friendly infrastructure for decentralized applications and smart contracts. USDT’s supply has primarily grown in Tron and Ethereum, with current supplies of $60.82 billion and $52.99 billion, respectively. Other networks,

Tether Operations Limited invests $3 million in Kem, a money transfer and financial management app

August 14, 2024 1 min read

Tether Operations Limited is making a $3 million investment in Kem, an app for transferring money and managing finances, in order to bring the stablecoin Tether USD (USDT) into the platform. Between July 2022 and June 2023, the Middle East and North Africa area received a total of $389.8 billion in on-chain value, making it the sixth-largest crypto economy worldwide. The investment seeks to enhance economic circumstances in Kuwait, Bahrain,

Tether freezes $29.62 million in USDT linked to Cambodia’s Huione Group

July 15, 2024 1 min read

Tether has seized $29.62 million in USDT associated with illicit activity involving Cambodia’s Huione Group, showcasing its dedication to upholding the security of its stablecoin amidst growing regulatory scrutiny. Nevertheless, the address in question persisted in transferring Circle’s USDC stablecoin, casting doubt on the efficacy of the freeze. Bitrace, a blockchain security company, disclosed that the wallet “TNVaKW,” which contained the immobilized USDT tokens, was associated with Huione Group’s guarantee

Tether (USDT) to launch a Gold-backed stablecoin with overcollateralized reserves

June 17, 2024 1 min read

Tether, the most valuable stablecoin in terms of market capitalization, is introducing a new digital asset that will be referred to as aUSDT. This asset will be backed by over-collateralized Tether Gold (XAUT). The Alloy by Tether service includes a new category of tethered assets, and this is the first product that comes from that offering. Using stabilization measures such as over-collateralization with liquid assets and liquidity pools in secondary

Tether (USDT) to invest $1B in AI and Biotech sectors

June 12, 2024 1 min read

Over the course of the next year, Tether Holdings Inc., the stablecoin powerhouse that is responsible for USDT, has said that it intends to invest more than $1 billion in the fields of artificial intelligence and biotechnology. Paolo Ardoino, the CEO of the company, is in charge of the investment arm of the company, which intends to make investments in a variety of industries, including data, finance, and neural implants.

Tether’s market cap on Polygon increased by an amazing 29% QoQ to reach $792 million

June 3, 2024 1 min read

Polygon’s stablecoin has skyrocketed in value in three months. Messari’s latest statistics shows the Ethereum Layer 2 stablecoin’s market valuation at $1.5 billion. This is up 19% over the previous quarter. Messari found that Tether’s market value rose 29% QoQ to $792 million, consolidating its status as Polygon’s largest stablecoin. This made up 53% of the network’s stablecoin market value. Significant ChangesSeveral major advancements have boosted Polygon stablecoin usage in

Tether announces a new P2P financial markets terminal using Holepunch technology

May 19, 2024 2 mins read

Tether’s Holepunch-powered peer-to-peer (P2P) financial markets terminal will eliminate middlemen and transform financial market data. CEO Paolo Ardoino said the corporation will spend heavily in this endeavor to make a difference. However, product details are still missing. Tether CEO Paolo Ardoino said on X that the business would substantially invest in this new P2P financial markets terminal. To emulate USDT’s financial market success, eliminate monopolistic middlemen. Ardoino stated, “Any exchange