Tether (USDT)
Tether Releases Wallet Development Kit and Plans USDT Chain Swap
Tether released the Wallet Development Kit (WDK), which is an open-source toolkit that simplifies the process of adding USDT and Bitcoin to applications. This solution targets businesses and developers. It...
Tether’s Trade Finance Arm Facilitates $45 Million Crude Oil Deal
Tether has stepped into the global trade sector by financing a high-profile crude oil transaction in October 2024 through its investment division, marking Tether’s first transaction in the Middle East....
Tether Injects $1.8B into Exchanges, Fueling Bitcoin’s Surge to $76K
Tether, the stablecoin firm behind USDT, injected a massive 1.845 billion USDT into exchanges on the Ethereum blockchain network, which may be one reason why the price of Bitcoin (BTC)...
Binance Futures Adds PONKEUSDT Perpetual Contract with 75x Leverage
Binance Futures expands its trading products with the introduction of the PONKEUSDT perpetual contract, designed to enhance the trading experience for its users. The new contract, launching on November 4,...
TON Network’s USDT Volume Crosses $1 Billion, Up 670%
The USDT volume on the TON network has crossed $1 billion, according to Burak Kesmeci, a Cryptoquant analyst. Kesmeci reported that the TON network’s USDT volume surged 670% in six...
KuCoin Launches Options Trading with BTC and ETH, Offers 100K USDT in Rewards
KuCoin, a major cryptocurrency exchange, has officially introduced an Options Trading feature, giving users a new tool to trade various cryptocurrencies. This feature is available on mobile for app versions...
Stablecoins Take Over South Korea’s Trade Sector Driven by Tether on Tron
Stablecoin adoption in South Korea is benefiting the financial market, with Tether (USDT) transactions leading the way. Government reports indicate that roughly 10% of domestic trade transactions now involve stablecoins....
Tether Tackles AI Bias with User-Controlled Development Kit
Researchers are raising concerns about ideological bias in large language models (LLMs). These models, widely used for tasks like summarization and question answering, reflect their creators’ worldviews. A new study...
Bitcoin ETFs See $1B Weekly Inflow as Bitcoin Battles to Break $70K, Dominance Spikes to 59.75%
Bitcoin struggles to break $69K, consolidating around $65K after strong institutional ETF inflows of nearly $1 billion this week. This past week brought heightened volatility across the crypto market. Bitcoin...
Tether FUD Returns? Bitcoin Price Dips, Then Recovers
Bitcoin experienced significant volatility in the closing hours of Friday’s trading session, dropping nearly 5% in a few hours, after news broke about a U.S. government investigation into Tether, the...
DOJ Investigating Tether for AML Violations, CEO Denies Claims
The U.S. Department of Justice (DOJ) is reportedly investigating Tether, the largest stablecoin issuer, over potential anti-money laundering (AML) and sanctions compliance violations. However, Tether’s CEO, Paolo Ardoino, denies these...
Tether CEO: US Crypto Regulations Are Coming, and That’s Good
Tether CEO Paolo Ardoino expressed optimism that the US will soon adopt sensible cryptocurrency regulations, leading to further innovation in the stablecoin sector. Speaking via video link at DC Fintech...
Northern Data Group’s Q3 Revenue Soars 235% on AI Computing Demand
Northern Data Group, a provider of AI and high-performance computing (HPC) solutions, announced stellar Q3 2024 financial results, with revenue surging to EUR 59 million, a 235% jump year-on-year. This...
Ripple to Prioritize RLUSD Stablecoin for ODL Over USDC and Tether
Ripple CEO Brad Garlinghouse revealed the company will prioritize its own stablecoin, RLUSD, over USDC and Tether for its On-Demand Liquidity (ODL) product. In a talk session with Thinking Crypto,...
USDT’s User Base Reaches 330 Million, Driven by Tron, BSC, and Ethereum
Tether announced its stablecoin, USDT, saw a dramatic increase in its user base. By the end of Q3 2024, the network recorded 330 million on-chain wallets, solidifying its position in...
Stablecoin Market Cap Explodes to $173 Billion — Is This Bearish for Bitcoin?
The total market capitalization of stablecoins has surged to $173 billion, a level not seen since May 2022. This significant increase in stablecoin demand could foreshadow a pullback in Bitcoin’s...
Falling USDT Dominance Hints at Potential Altcoin Market Rebound
The dominance of Tether (USDT), the largest stablecoin by market capitalization, has dropped significantly over the past year, possibly indicating an impending altcoin rally. This decline coincides with Bitcoin’s struggle...
Chinese Stocks Crash, Crypto Emerges as a Safe Haven
The rally in Chinese stocks has ended after a week-long holiday. This decline follows a government briefing that did not announce any new economic stimulus measures. As a result, the...
Tether CEO: We’re the Only Stablecoin That Onboarded the FBI
Paolo Ardoino addresses Tether’s significant growth and its connection with the US government. Tether CEO Paolo Ardoino claimed the company had a stronger relationship with the US government than any...
Tether’s USDT Faces Potential Delisting from Coinbase
Coinbase announced its plans to delist all unauthorized stablecoins from its platform by the end of the year due to new MiCA requirements. The exchange is focusing on tokens in...
Stablecoin Boom: RLUSD Joins the Race as Businesses Ditch Cash
Stablecoins, digital currencies linked to fiat currencies, have seen tremendous growth. In 2022, they handled transactions worth $6.87 trillion, outpacing Mastercard and PayPal in moving value across networks. While Tether...
Is Your USDT Safe? Consumer Watchdog Raises Concerns About Tether
Consumer advocacy group Consumer’s Research issued a warning to stablecoin issuer Tether in a report released on September 12. The report alleges that Tether lacks transparency around its USD reserves,...
Stablecoin Stability Tested: A History of De-Pegging Events
Recent market upheavals have highlighted the ongoing struggle for stablecoins to maintain their $1 peg during periods of instability. Major events like the Terra collapse and the US banking crisis...
Crypto Investors Flock to USDT as Market Uncertainty Grows
Crypto investors have massively increased their stablecoins holdings with USDT accumulation on the rise amid a sluggish market. Data from CryptoQuant reveals a sharp rise in USDT holdings since August’s...
OKX Transfers 6.275M USDT to FTX/Alameda: Creditor Repayments Begin?
Blockchain security firm PeckShield observed transfers from cryptocurrency exchange OKX to wallets linked to the bankrupt FTX exchange. Early Friday morning, an Alameda/FTX-labeled address received 6.275 million USDT from OKX....
