Tagged: tether

October 31, 2024 @ 10:54 am By JD Alois  |  

Tether, a dollar-based stablecoin (USDT), has a market capitalization of over $120 billion. It is one of the most popular “cryptocurrencies” in the world, only topped by Bitcoin and Ether in total value. The stablecoin was launched ten years ago this October and has become… Read More

October 27, 2024 @ 7:48 pm By Omar Faridi  |  

Stablecoin USDT issuer Tether slams WSJ’s “irresponsible reporting,” and says it stands by its “strong’ law enforcement track record. Notably, Tether’s reaction / response comes shortly after the WSJ reported that the stablecoin issuer could be under investigation by US authorities, possibly (and allegedly) including… Read More

October 8, 2024 @ 9:11 am By Omar Faridi  |  

Tether, which claims to be among the largest companies in the digital assets industry, marks a decade of pioneering advancements and innovation that have helped with transforming the landscape of digital assets. Since its launch in 2014, Tether claims it has enhanced finance by introducing… Read More

October 7, 2024 @ 12:12 pm By Omar Faridi  |  

Coinbase Global Inc. (NASDAQ:COIN) will reportedly delist all “unauthorized” stablecoins from its digital assets exchange in the European Economic Area by the end of this year. This could be a potential setback for digital tokens such as Tether’s USDT. As widely reported, the European Union… Read More

September 27, 2024 @ 9:34 am By Omar Faridi  |  

On September 26, 2024, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Russia-based exchange Cryptex and Sergey Sergeevich Ivanov (a.k.a. UAPS a.k.a TALEON), who facilitated laundering “for fraud shops, ransomware payments, darknet markets, and other criminal actors.” Following these developments,… Read More

September 20, 2024 @ 3:07 pm By JD Alois  |  

Tether has announced a $1.5 million investment in Sorted Wallet in a move that is being described as boosting their presence in Africa and Southern Asia. Sorted Wallet is said to be a platform that serves the under/non-banked segment of the population. The application is… Read More

September 11, 2024 @ 10:57 am By Omar Faridi  |  

TRON, Tether, and TRM Labs have announced they will be joining forces to establish the T3 Financial Crime Unit (T3 FCU), described as a first-of-its-kind initiative aimed at facilitating public-private collaboration to combat illicit activity associated with the use of USDT on the TRON blockchain…. Read More

September 10, 2024 @ 8:25 am By JD Alois  |  

Tether and its dollar-based stablecoin USDT is taking a beating this morning, courtesy of WSJ.com. In a report, the news site hammers Tether as “undermining America’s fight against arms dealers, sanctions busters, and scammers.” Tether is the 3rd most popular crypto in the world, with… Read More

September 5, 2024 @ 12:05 pm By Omar Faridi  |  

Tether Operations Limited, which claims to be one of the largest companies in the digital asset industry, and Reku, a crypto exchange platform, are pleased to announce a strategic collaboration to broaden Indonesians’ understanding of crypto assets and blockchain technology. This initiative will be executed… Read More

August 26, 2024 @ 7:09 pm By Omar Faridi  |  

Tether, which claims to be among the largest companies in the digital asset industry, reaffirms its commitment to combat illicit activities, “stop illegal use of stablecoin technology, and provide support to victims through its assistance to, and support of, law enforcement agencies globally.” As the… Read More

August 26, 2024 @ 8:52 am By JD Alois  |  

The stablecoin market has “surged” to an all-time high. It is dominated by dollar-based stablecoins, and Tether is leading the pack with its USDt. The stablecoin market cap has now reached a record $168.07 billion, topping the previous high of $167 billion in March 2022. Tether reports that… Read More

August 23, 2024 @ 11:15 am By Omar Faridi  |  

Tether, which claims to be one of the largest companies in the digital asset industry, announced plans for the addition of a new stablecoin that is pegged to the United Arab Emirates Dirham (AED). Set to be launched in collaboration with UAE’s multi-billion dollar tech… Read More

August 20, 2024 @ 6:26 am By Omar Faridi  |  

Tether Operations Limited, which claims to be among the largest companies in the digital assets industry, announced that they will be launching U.S. dollar-pegged Tether tokens (USD₮) on the Aptos Network. This integration is part of Tether’s broader strategy “to make digital currency more accessible… Read More

August 14, 2024 @ 8:14 am By Omar Faridi  |  

Tether Operations Limited, which claims to be one of the largest companies in the digital asset industry, is announcing a $3 million strategic investment in the Kem app, a platform designed for money transfers and financial management. This collaboration will see Kem App “introduce USD₮… Read More

August 12, 2024 @ 2:11 pm By Omar Faridi  |  

On August 9, 2024, Celsius Network Limited, acting through the Blockchain Recovery Investment Consortium, LLC, filed suit against Tether Limited, and certain of its affiliates, in the United States Bankruptcy Court for the Southern District of New York. This “baseless” lawsuit against Tether proves the… Read More

August 5, 2024 @ 1:58 pm By Omar Faridi  |  

HashKey Global is pleased to announce the completion of Tether (USDT) integration on the BNB Chain, with deposit and withdrawal services now open. HashKey Global now supports USDT deposit and withdrawal services “on the ERC20, TRC20, BEP20, and Arbitrum networks.” As noted in the update,… Read More

July 31, 2024 @ 12:48 pm By JD Alois  |  

Stablecoin issuer Tether is reporting a $5.2 billion profit for the first six months of 2024. The news was shared as part of the firm’s Q2 attestation of holdings. Q2 generated $1.3 billion in profits after a strong Q1. Tether reports that it mainly holds… Read More

July 23, 2024 @ 1:10 pm By JD Alois  |  

The stablecoin market, which involves digital assets tied to another asset, such as fiat currency, has surpassed $160 billion in value. The market is led by Tether (USDT), which hoovers up much of the market at over $114 billion. USDC, issued by Circle is in… Read More

July 15, 2024 @ 11:00 am By Omar Faridi  |  

At Tether, they remain dedicated to fostering a robust and innovative blockchain ecosystem for USD₮ and all other tokens we issue. This commitment drives Tether to continuously “assess their transport layers, ensuring a balance between maintainability and usage while prioritizing community interest.” Community input is… Read More

July 10, 2024 @ 5:48 am By Omar Faridi  |  

Tether Operations Limited, which claims to be one of the largest companies in the digital asset industry, and BTguru, a technology and strategy company specializing in virtual and crypto assets, have signed a Memorandum of Understanding (MoU) to evaluate digital assets educational initiatives in Turkey…. Read More