Latest News and Articles about USDT
Tether Boasts $7.1B Excess Reserves in 2024, Diverse Assets Fuel Stability
Tether Ends 2024 with a Staggering $7.1 Billion in Excess Reserves In a surprising turn of events, Tether, the issuer of the USDT stablecoin, concluded 2024 with a massive $7.1 billion in excess reserves. This financial milestone showcases Tether’s robust financial health and steadfast commitment to transparency, especially in the face of past legal scrutiny. […]
Read MoreTether’s $13B Profit in 2024: Navigating Success, Regulation, and Relocation
Tether’s Record $13 Billion Profit in 2024: A Tale of Triumph and Turbulence Tether, the powerhouse behind the world’s leading stablecoin USDT, has achieved a remarkable $13 billion net profit in 2024, driven by a strategic blend of U.S. Treasury Bill investments, Bitcoin, and gold. However, this success story is shadowed by regulatory challenges in […]
Read MoreUSDT Joins Bitcoin’s Lightning Network: Faster, Cheaper Transactions Unveiled in El Salvador
USDT Expands to Bitcoin’s Lightning Network, Aiming for Faster and Cheaper Transactions USDT’s integration with Bitcoin’s Lightning Network, utilizing the innovative Taproot Assets protocol, marks a significant step towards faster and cheaper transactions. Announced at the Plan ₿ Forum in El Salvador, this move could revolutionize how Bitcoin is used daily. Tether’s USDT now on […]
Read MoreLutnick Proposes Audits and Treasury Backing for US Dollar Stablecoins Amid Tether Scrutiny
Commerce Secretary Nominee Lutnick: US Dollar Stablecoins Need Audits and Treasury Backing Howard Lutnick, President Trump’s nominee for U.S. Commerce Secretary, faced intense scrutiny during a Senate hearing over his ties to Tether and the potential misuse of its USDT stablecoin. Stablecoins, cryptocurrencies designed to maintain a stable value often pegged to fiat currencies like […]
Read MoreCoinbase CEO Hints at USDT Delisting Amid New U.S. Regulatory Push
Coinbase CEO Suggests Possible USDT Delisting Amid Regulatory Pressure During the World Economic Forum in Davos, Coinbase CEO Brian Armstrong hinted at the potential delisting of USDT (Tether) from the platform due to upcoming regulatory changes in the U.S. These changes may mandate stablecoins to be entirely backed by U.S. Treasury bonds, which are government-backed […]
Read MoreTaiwan’s First AML Arrest: Chen’s USDT Dealings Signal New Regulatory Era
Taiwan’s Historic AML Crackdown on Unregistered USDT Dealers: Chen’s Arrest Marks New Era In a major crackdown, Taiwanese authorities arrested 30-year-old Chen from Kaohsiung for operating as an unregistered virtual currency dealer, marking the first case prosecuted under the nation’s new anti-money laundering (AML) laws. Chen’s activities involved hundreds of Tether (USDT) transactions facilitated through […]
Read MoreTether Expands into AI Filmmaking with $775M Rumble Investment
Tether Ventures into AI Filmmaking Amid Strategic Expansion and Stablecoin Dominance Tether, the powerhouse behind the leading stablecoin USDT, is embarking on a bold journey into the world of artificial intelligence, with a specific focus on AI-driven filmmaking. This move not only aims to diversify Tether’s portfolio but also seeks to revolutionize how films are […]
Read MoreKazakhstan Blocks 3,500+ Illegal Crypto Exchanges in Regulatory Crackdown
Kazakhstan’s Crackdown on Illegal Crypto Exchanges: A Balancing Act In a bold move to combat financial crime, Kazakhstan has blocked over 3,500 illegal cryptocurrency exchanges, signaling a stringent regulatory approach that reflects both the country’s ambition to become a crypto hub and its commitment to curbing illegal activities. Over 3,500 illegal crypto exchanges blocked 36 […]
Read MoreT3FCU Freezes $126M in USDT, Targets Crypto Crime on Tron Network
T3FCU Cracks Down on Crypto Crime with $126M Freeze The T3 Financial Crime Unit (T3FCU), formed by Tron, Tether, and TRM Labs in August 2024, has frozen over $126 million in USDT linked to various illegal activities. This initiative is setting a new standard for security and accountability in the crypto ecosystem. T3FCU freezes $126M […]
Read MoreDongdaemun Market Vendors Deny USDT Adoption, Stick to Cash
South Korea’s Dongdaemun Market Vendors Reject USDT Payment Adoption Claims At Seoul’s bustling Dongdaemun Market, cash is still the king of transactions. Vendors have firmly denied recent reports suggesting widespread adoption of the stablecoin USDT (a type of cryptocurrency known as a stablecoin, which is pegged to the US dollar) for payments, particularly with Chinese […]
Read MoreTether Burns 1B USDT: Impact on Bitcoin, Ethereum, and Crypto Market Dynamics
Tether’s Bold Move: Burning 1 Billion USDT and Its Ripple Effects on Bitcoin and the Crypto Market What happens when a trillion-dollar company decides to burn $1 billion in a day? Tether, Inc. closed out 2024 with a bang by burning 1 billion USDT, reducing its total supply from 138 billion to 137 billion. This […]
Read MoreTether Bolsters Bitcoin Reserves by $700M Amid EU Regulatory Storm
Tether Boosts Bitcoin Reserves with $700 Million Transfer Amid Regulatory Challenges In a bold move amidst regulatory storms, Tether has transferred a staggering $700 million in Bitcoin to its reserves. This strategic maneuver highlights Tether’s commitment to steering the Bitcoin wave with a $700 million paddle. Tether transferred 7,629 BTC to its reserve Largest transaction […]
Read MoreTether’s USDT Faces Uncertainty with EU MiCA Regulations Looming
Tether Faces Regulatory Challenges Under EU MiCA Regulation Uncertainty surrounds Tether’s USDT stablecoin as the European Union gears up to enforce its Markets in Crypto-Assets (MiCA) regulation by December 30, 2023. This uncertainty is causing ripples in the crypto markets. While Coinbase has already delisted USDT out of compliance concerns, other exchanges like Binance and […]
Read MoreArgentina Freezes $3.5M in USDT: Unveiling the Rainbowex Crypto Ponzi Scheme
Argentina’s Crackdown on Rainbowex: A Crypto Ponzi Scheme Unraveled Argentine authorities have taken decisive action by freezing $3.5 million in USDT tied to Rainbowex, an elaborate Ponzi scheme masquerading as a legitimate crypto investment platform. This intervention has led to multiple arrests and reignited debates on the decentralization of stablecoins. Argentine authorities froze $3.5 million […]
Read MorePatricia Plans Token-Based Repayment to Rebuild Trust After 2022 Cyberattack
Patricia’s Plan to Rebuild Trust After Cyberattack: A Closer Examination Patricia Technologies, a Nigerian cryptocurrency trading platform, is addressing the fallout from a cyberattack that led to losses of over 600 million naira in 2022. The company is initiating a repayment plan to compensate affected users and restore trust. After losing over 600 million naira […]
Read More