Coinbase CEO Brian Armstrong has suggested that the exchange might delist USDT to comply with stricter regulations anticipated in the U.S. These potential rules could require stablecoin issuers to fully back their tokens with U.S. Treasury bonds and undergo regular audits to ensure transparency and financial soundness. Regulatory Challenges for Coinbase Speaking at the World […]
USDT has emerged as a leader in digital assets, showing significant wallet growth and maintaining its dominance as the most trusted stablecoin. As of Q4 2024, USDT is held in 109 million on-chain wallets, surpassing Bitcoin and closely approaching Ethereum’s 128 million wallets. USDT’s Dominance Across Wallets According to Tether Insights, centralized platforms have also […]
Lugano has made substantial strides in adopting cryptocurrency, establishing BTC, Tether (USDT), and its own LVGA token as legal tender for payments. As part of its annual Plan ₿ forum, Tether partnered with Lugano’s officials to reveal a new statue honoring Bitcoin’s elusive creator, Satoshi Nakamoto. The statue, according to Tether’s statement, celebrates Nakamoto’s mystery […]
Stablecoins have had a strong few months. These digital assets aim to maintain a stable value, usually pegged to a currency like the US dollar. In the past 90 days, stablecoins have seen an impressive $16 billion in inflows, showing high demand. The largest stablecoin, Tether (USDT), accounts for most of this growth. Its market […]
According to a Reuters Exclusive report, Venezuela’s state-run oil company, PDVSA, is ramping up its use of digital currencies, particularly USDT (Tether), in its crude and fuel exports. This move comes as the United States is set to reimpose oil sanctions on the country after a general license was not renewed due to a lack of electoral reforms. According to […]
Tether, the digital asset industry’s giant, is moving beyond its famed USDT stablecoin to offer a wider range of infrastructure solutions for a more inclusive global economy. The company noted in a recent blog post that its new focus includes cutting-edge technologies and sustainable practices, expanding its mission beyond stablecoins to financial empowerment. Tether’s move marks […]
Tether stood out as the most favored choice for illicit activities among all stablecoins last year, according to recent data. Tether has taken the lead among stablecoins as the most utilized for illicit purposes. As per a recent Bloomberg report, Tether stood out as the top choice for alleged illegal activities in the previous year. […]
Tether broadens USDT availability to Celo, enabling swift, cost-effective transactions, thereby bolstering microtransaction feasibility and increasing stablecoin options. Tether, the company behind the leading stablecoin USDT, has announced its expansion onto the Celo blockchain. This partnership integrates USDT into a layer 1 network compatible with the Ethereum Virtual Machine (EVM), known for its focus on […]
Tether (USDT), the leading stablecoin in the cryptocurrency realm, finds itself under the magnifying glass of regulators and competitors, as per a recent analysis from JPMorgan. Stablecoins, digital assets tethered to fiat currencies or other assets, aim to mitigate market volatility. Tether, asserting a 1:1 backing with the U.S. dollar for each USDT token, faces […]
