Tether (USDT)
Venezuela Boosts Cryptocurrency Use in Oil Trades Amid Sanctions
Amid tightening U.S. sanctions, Venezuela’s state-owned oil company, PDVSA, is escalating its shift towards cryptocurrency for oil transactions as reported by Reuters. Consequently, the company now requires new customers to...
Tether Makes Waves on TON Network with Seamless Payments Guaranteed
Tether, the renowned stablecoin issuer, has rapidly expanded its footprint into The Open Network (TON), issuing a substantial $60 million worth of USDT since its integration on April 19. This...
Tether’s Expands Into 4 Divisions Looking Beyond Stablecoins
Tether, the issuer of the world’s biggest stablecoin, has announced a significant reorganization as it plans to expand into other digital sectors. According to a release on Tether’s website, the...
Tether Earns $6.2B in 2023, Competes With Traditional Financial Firms
Bitwise President believes Tether performed impressively in 2023. The stablecoin company generated $6.2 billion in net income in 2023. Tether’s net income is 78% of Goldman Sachs’ and 72% of...
Whale Alert Spots Significant Transactions Involving Tether Treasury
Whale Alert, the popular wallet tracker, has spotted significant transactions on Tether Treasury. In two recent posts, Whale Alert shared that 100 million USDT had been transferred from Bitfinex to...
USDT Launch on Celo Triggers a Stellar 41.1% CELO Price Surge
In a notable market action, the price of Celo (CELO) has increased by 41.1% in the past 24 hours, showcasing the firm belief of investors and the market enthusiasm. Nonetheless,...
Will The New $2B USDT Injection Influence More Market Momentum?
Prominent USDT stablecoin issuer Tether has continued to mint staggering billion-dollar sums recently, sparking more bullish enthusiasm in the crypto space. On Saturday, Whale Alert disclosed that 1,000,000,000 USDT had...
Bitcoin on Verge of All-Time High as Tether Mints 1B USDT
Crypto community members have become more bullish about Bitcoin reaching an all-time high amid the staggering value of stablecoins minted from USDT issuer Tether. Within the last 24 hours, 1,000,000,000...
JPMorgan Says Stricter KYC/AML Rules Could Cripple USDT Dominance
In a recent research report, American financial giant JPMorgan warned about Tether (USDT), the leading stablecoin in the crypto market. The report highlighted vulnerabilities stemming from Tether’s reliance on the...
Tether’s $2.85B Profit in Q4 2023 Matches 10% of JP Morgan’s Gains
According to Ryan Selkis, Messari CEO, Tether’s net profit has risen to 10% of JP Morgan’s. Tether’s CEO, Paolo Ardoino, reported that the company made a $2.85 billion profit in...
USDT’s Circulating Supply Jumps: Is (BTC) Set for Another Rally
According to Simona_APC, a CryptoQuant author, Bitcoin’s (BTC) price could be positively affected by the rise in USDT’s circulation supply. To back up her point, the on-chain analyst referred to...
USDT Treasury Moves $229,956,875 to Bitfinex as BTC Rallies Back to $42k
In a significant transaction that has sparked interest across the crypto community, Tether’s Treasury has initiated a transfer of multi-million dollars’ worth of USDT tokens to the renowned exchange, Bitfinex....
Whale Accumulation Signals Bullish Reversal Amid Ongoing Bearish Trend
On-chain data suggests whales may soon begin accumulating BTC, USDT, and USDC. This signals a bullish trend despite the current market downtrend. Shark and whale holdings of Bitcoin have reached...
Stablecoin Saga and Beyond: Circle’s CEO on Crypto Landscape and Tether’s Validation
In a recent interview with Bloomberg, Circle CEO Jeremy Allaire discussed the evolution of the cryptocurrency industry, the significance of institutional involvement, and the role of stablecoins within the market. ...
Tether Treasury 2 Billion USDT Transfer to Whale: What is Going on?
A series of Tether USDT transactions worth $182 million have been transferred from Tether Treasury to a giant whale, according to transfer receipts from LookOnChain, a web3 data analysis tool. ...
Crypto Founder Says Big US Banks Are a Threat to Stablecoin Issuers
Big banks’ influx into the stablecoin market could spell an end for stablecoin issuers. Stablecoin issuers like Tether rely on banks for custody of their funds and business. Arthur Hayes...
Tether Introduces New Initiative To Promote Stablecoin Adoption
Martin Folb, a cryptocurrency influencer going by the alias MartyParty, believes a recently announced regulatory initiative by Tether would benefit the stablecoin ecosystem. According to Folb, the initiative will bring...
Tether’s Profit in Bitcoin Holdings Surges Past $1 Billion: Report
Tether, the blockchain-enabled platform and issuer of USDT stablecoin, has reportedly acquired a profit of over $1.1 billion from its Bitcoin holdings. The remarkable surge in BTC price over the...
Whale Withdraws Another 96M USDT From Treasury: On-Chain Analysis
Lookonchain, the on-chain activity monitoring platform, revealed in an X post today that a whale withdrew another 96 million Tether (USDT) from the Tether Treasury. Following this latest withdrawal, the...
Stablecoin Giant Tether Seeks to Be Major Bitcoin Miner, Pledges $500M
Paolo Ardoino, the incoming chief executive officer of Tether Holdings, the issuer of $87 billion USDT stablecoin, has disclosed the company’s ambitious plan to establish itself as a significant player...
Binance Impounds 94% of $12.5M Funds Stolen from Abducted Execs
Binance CEO exposes a distressing incident where executives were kidnapped during a fake business trip. The abducted executives were forced to empty their crypto wallets. Binance’s quick response led to...
High USDT Volume on Tron: Insights From Tether CTO
In a recent interview with Scott Melker, AKA the Wolf of All Streets, Tether CTO Paolo Ardoino spoke about the surprising volume of Tether’s stablecoin USDT on the Tron blockchain...
NEAR CEO Rejects Wintermute’s 11.2M USN Token Swap for USDT Request
NEAR Foundation CEO Illia Polosukhin revealed that the organization had denied a request from crypto market maker Wintermute to exchange 11.2 million USN stablecoins for USDT. The revelation was first...
Regulators in Brazil Keep Watch on USDT as Trade Volume Soars
In a recent report, regulators in Brazil have noted the rapid rise in USDT’s trading volume in the country. According to Brazil’s Federal Reserve, monthly surveys conducted since 2019 indicate...
US Lawmakers Seek DOJ Investigations into Binance and Tether
Tether responds that it had collaborated with 31 law enforcement agencies across 19 jurisdictions. U.S. lawmakers have urged the Department of Justice (DOJ) to open criminal investigations into Binance and...
