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Tokens based on Polkadot have been released by the largest stablecoin, Tether (USDT). Polkadot is one of the most well-liked ecosystems on which Web3 applications are based, according to the USDT issuer in a statement. Tether chose to launch stablecoins on this blockchain to provide their users...
In early August, the US Treasury imposed sanctions against the Tornado Cash service, which allows anonymous sending of digital currencies. Washington has evidence that this site was used for money laundering. The capitalization of the stablecoin Tether (USDT) has increased by almost $2 billion...
Tether introduced a new stablecoin. The digital asset will reflect the price of the UK’s official currency Pound Sterling. The GBP₮ coin will be brought to the market in July. According to a publication by Tether, the coin initially will be available on Ethereum. GBP₮ will be the fifth...
The third largest crypto and the largest stablecoin USDT now operates on the Ethereum scaling solution, Polygon in addition to other blockchains, including Ethereum, EOS, and others. The Polygon team published a blog post that says the network's DeFi space will benefit greatly from USDT, which...
Lugano, a city in southern Switzerland’s Italian-speaking Ticino region is adopting tax payments with crypto. The city teamed up with the developer of USDT stablecoin, Tether Operations to manage transactions. Due to this step, citizens can pay yearly taxes and city services in Bitcoin, USDT and...
Tether, the issuer of the USDT stablecoin, has blocked 560 addresses over the past five years. According to the EtherScan service, at the beginning of January, Tether added another wallet to the blacklist of Tether, containing more than $ 1 million worth of stablecoins. USDT developers have been...
Data from blockchain analytics platform, Santiment show that the supply of the stablecoin Tether (USDT) on exchanges reached its 6-month high. Since mid-June, the amount went up by 22.5% and currently stands at around $8.99 billion. The analysis indicates that there is a high interest in buying...
Myanmar’s National Unity Government accepted the largest stablecoin Tether (USDT) for internal use. The Burmese government in exile was formed in 2021, by those who are against the current regime and support the arrested Aung San Suu Kyi, who previously was State Counsellor of Myanmar. NUG...
Research firm Hindenburg Research has offered a $ 1 million reward for disclosing previously unknown collateral for the Tether (USDT) stablecoin. The company called Tether “a key element of the multi-trillion dollar cryptocurrency market,” but questioned the legitimacy of providing it....
As reported by Bloomberg on Monday, the US Department of Justice began an investigation to find out if Tether execs are behind a bank fraud. Particularly, the process is meant to discover if the company which developed the dollar-pegged stablecoin USDT tricked banks making transactions and...
On May 13, Tether Holdings, the creator of the stablecoin Tether (USDT) presented the crackup of its reserves done on March 31. As stated in the report, the stablecoin's reserves are mainly composed of 75.85% cash and equals, then come secured loans, bond certificates, valuable metals, and other...
Tether stablecoin 1:1 backed to USD, issued a certitude report carried out by accounting operations provider Moore Cayman. The paper states that USDT units are 100% sustained. Earlier, Paxos stablecoin released a similar report. Moore Cayman's estimations show that Tether’s holdings as of Feb....
Stablecoin Tether (USDT), despite its many problems, still leads the ranking of fiat-backed tokens. The day before, the capitalization of this digital asset exceeded $ 36 billion. The growth in USDT supply suggests that the Tether issuer is preparing for the next phase of capital entry into the...
The capitalization of the stablecoin Tether (USDT) has started to grow rapidly since January last year. Many analysts are positive about this trend and believe that the inclusion of the printing press leads to an increase in the value of bitcoin. Now the capitalization of USDT is just over $ 24.751...
Tether's founder and the cryptocurrency trading platform Bitfinex's owner iFinex Inc turned to the New York Supreme Court. The request is to reappoint the expected trial day one month later. Within the period, the company will present all the necessary papers to the legal authority. Initially, the...
Tether issued 2 B dollar-pegged tokens last week, which is a record amount. More than 24.6 B tethers now are distributed over Ethereum, Tron, and Bitcoin blockchain Omni Layer. $14,34 B is running on Ethereum, $9 B on Thron. One year ago the sum was only 4.8 billion. Chief Technology Officer at...
The capitalization of the stablecoin Tether (USDT) at the end of this week came close to $ 17 billion. The explosive growth in the market supply of digital currency began this year. Since January, USDT capitalization has more than quadrupled. Many analysts believe that if the Tether team turns on...
Bitcoin soared in price this week to its highest level since June 2019. On some trading platforms, the cryptocurrency exceeded $13,000. The Tether team seized the moment and released another batch of stablecoins (USDT). The issue of tokens took place in two stages on October 20 and 21, as evidenced...
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