USDT balance on TRON nears all-time high
The balance of Tether’s stablecoin, the largest in the world by market share, has surged to near all-time highs on the Tron network. Data shows the supply of Tether (USDT) on the Tron (TRX) network has spiked following two notable $1 billion mints over the past week. This has pushed the stablecoin’s circulating supply on […]
Tether CEO ‘not worried’ about concerns over USDT competition
Tether CEO Paolo Ardoino dismissed concerns about stablecoin competition. Tether CEO Paolo Ardoino has dismissed concerns about competition in the stablecoin market, emphasizing Tether’s (USDT) decade-long growth and extensive distribution network. Tether is currently facing regulatory challenges in Europe due to the European Union’s Markets in Crypto-Assets regulations, leading exchanges like Crypto.com and Kraken to […]
Kraken to delist Tether USDT, 4 other stablecoins in Europe
Kraken will delist Tether’s USDT and four other stablecoins in Europe to comply with MiCA regulations, following a phased approach to minimize market disruptions. Source link
Tether brings USDT to Bitcoin and Lightning Network
Tether’s latest move puts USDT directly on Bitcoin’s infrastructure, allowing stablecoin transactions to settle faster and more efficiently via the Lightning Network. Tether (USDT), the world’s largest stablecoin issuer, has announced its integration with Bitcoin’s (BTC) ecosystem, marking a new step in the stablecoin’s expansion beyond traditional blockchain networks. Revealed on Jan. 30 at the […]
Tether disappointed with ‘rushed actions’ on MiCA-driven USDT delisting in Europe
MiCA-triggered crypto changes in Europe could create a “disorderly” market, according to USDT stablecoin operator Tether. Source link
Tether USDt tops salary payments and savings in EU in 2024 — Brighty
Tether USDt was the top deposited currency by earners on Brighty last year, accounting for 85% of all crypto deposits. Source link
Indian scammers use Tether’s USDT to launder funds outside the country
Cybercriminals in the Indian state of Rajasthan are using stablecoins like USDT to funnel illicit loot to scam operators outside the country. According to local media, Rajasthan law enforcement has arrested several money mules who played a critical role in converting over inr 1 crore (approximately $115,546) into Tether (USDT) before funneling it to international […]
Taiwanese man arrested for illicit USDT use, first case under new AML laws
Taiwanese authorities have apprehended a 30-year-old man, identified as Chen, for operating as an unregistered virtual currency dealer under newly enforced anti-money laundering regulations. Chen, based in Kaohsiung, had been using Facebook groups to solicit cryptocurrency trades and arrange in-person transactions where he exchanged Tether (USDT) for cash. Despite the new law, Chen reportedly completed […]
Is USDT Losing to RLUSD and USDC?
Is the EU’s MiCA framework forcing investors to rethink their allegiance to Tether’s USDT and explore alternatives like Circle’s USDC and Ripple’s RLUSD? USDT under radar For years, Tether’s USDT (USDT) has been the go-to stablecoin for traders and investors. Yet, as we step into 2025, its dominance is starting to waver, particularly in the […]
Tether, top crypto exchange to swap $1b USDT to Tron network
Tether and a top third-party cryptocurrency exchange have announced a chain swap that will move $1 billion USDT from other blockchains to the Tron network. On Jan. 6, stablecoin issuer Tether posted on X that it plans to coordinate with a major exchange to facilitate the chain swap. According to the announcement, the coordination will […]
