Tether

Tether’s (CRYPTO: USDT) fourth-quarter attestation report recorded significant profits, with a substantial portion coming from the company's gold and Bitcoin holdings. The stablecoin issuer is looking forward to a promising 2024. What Happened: Tether reported a profit of $...

A blockchain monitoring and analytics platform said that Tether (CRYPTO: USDT) Treasury has generated an additional 1 billion USDT tokens. What Happened: The event was logged on the Ethereum (CRYPTO: ETH) network and represents a sizable expansion to Tether’s existing supply. Tether CEO Paolo...

Creating a strong foothold in the stablecoin market, Tether (CRYPTO: USDT) is now looking to enter the Bitcoin mining space with a significant investment. In the past year, Tether's market cap has grown by 32.7%, reflecting its prominent presence in the cryptocurrency market. What...

A Chinese court near Chongqing sentenced 21 people for online fraud, CoinDesk reported. Two defendants with surnames Jiang and Zheng employed 19 other money mules used decentralized wallet Bitpie to move $307 million in Tether (USDT) to local P2P exchanges on virtual currency platforms for Renminbi...

Circle’s loss may prove to be Tether’s gain as the former ceased support for stablecoin USDC. Separately, Tether accounted for its highest cash reserves. Industry titans BlackRock, DTCC, OCC, State Street, Société Générale, ...

While Brazil sees higher acceptance of USDT, other Latin American nations like Argentina have bigger appetites for Maker’s DAI. This insight into crypto preferences comes as the market booms in anticipation of the potential approval of a spot Bitcoin ETF. Industry titans ...

While Honda Motor Co Ltd (NYSE: HMC) announced the expansion of its payment options covering almost 46 cryptocurrencies in early October, the reality was that consumers could only use these cryptocurrencies to purchase automobiles through a third party, FCF Pay. The...

After a year of pause on advancing Tether (CRYPTO: USDT) stablecoin loans to customers, Tether Group has initiated lending again after receiving multiple short-term loan inquiries in Q2 2023, according to The Wall Street Journal. The company believes that this will protect its long-term...

The Drug Enforcement Administration (DEA) has reportedly been deceived by a common cryptocurrency scam, resulting in a loss of more than $50,000 in cryptocurrency that had been seized during a three-year investigation into the use of virtual currency for laundering suspected drug proceeds. What...

Renowned veteran trader and analyst Peter Brandt on Sunday tweeted about the puncturing of the much-speculated Tether (CRYPTO: USDT) bubble.  What Happened: Brandt took aim at cryptocurrency enthusiasts who vocally denounce the US dollar while simultaneously holding assets via Tether on...

As part of “Crypto Opinion with Mike Ermolaev”, an ongoing series that interviews prominent figures in the crypto scene, Mike sat down with CTO of Tether Paolo Ardoino to discuss the world’s largest stablecoin's resilience throughout 2022, Tether's charity work, and its...

Tether Holdings Limited, the company behind the popular stablecoin USDT (CRYPTO: USDT) reported a net profit of more than $700 million in the last quarter of 2022, according to its latest Consolidated Reserves Report (CRR). The report showed Tether ended 2022 with zero commercial paper and at...

Sen. Pat Toomey (R-Pa.), has introduced a bill that outlines a federal framework for regulating stablecoins — just two weeks before he is set to retire. What Happened: Aiming to "guide Congress" toward future crypto regulation, Toomey said his bill would create a new federal...

Users have been withdrawing massive amounts of funds from Binance, including USD coin (CRYPTO: USDC) and other stablecoins. Binance has already seen a net outflow of over $3 billion in crypto assets, in the last seven days, as per Nansen. How It Started: It all started on Monday when Binance...

Tether revealed it helped cryptocurrency exchange Binance with a "chain swap" in which 3 billion (CRYPTO: USDT) will be transferred from the Tron network to the Ethereum network. "In a few minutes, Tether will coordinate with Binance to perform a chain swap, converting from Tron to...