In a significant leadership shake-up, Tether, the issuer of the world’s leading stablecoin, has unveiled plans for Paolo Ardoino to assume the role of CEO, effective December 2023. Ardoino, the current Chief Technology Officer (CTO) of Tether, is set to take the reins from the outgoing CEO, Jean-Louis van der Velde, who will transition into […]
In recent days, the cryptocurrency market has been electrified by the soaring prices of major players, including Bitcoin and Ethereum. While this surge is captivating attention, another key indicator is painting a vivid picture of investor optimism in the crypto realm—the surge in Tether (USDT) on exchanges. Tether, the premier stablecoin pegged to the US […]
Tether, the world’s foremost stablecoin issuer, has astounded the financial world by revealing a staggering $72.5 billion investment in U.S. Treasury bonds. This remarkable disclosure, shared by Tether’s CTO Paolo Ardoino on Twitter, firmly underscores the escalating influence of cryptocurrencies within conventional financial markets. While @Tether_to reached 72.5B exposure in US t-bills, being top 22 […]
Binance USD (BUSD) stablecoin is facing a decrease in market capitalization as more users migrate to Tether’s USDT. This came as the New York Department of Financial Services ordered Paxos Trust Co., the issuer of BUSD, to stop creating more of Binance’s dollar-pegged stablecoin. Binance’s CEO, Changpeng “CZ” Zhao, tweeted that users are already migrating […]
According to recent statistics, the market value of the stablecoin economy has shrunk by about 2.02% over the last 30 days. The stablecoin economy had a value of $147.03 billion on October 31, 2022, but it is now only worth $144.05 billion. Additionally, the market value of every stablecoin currently in use is considerably lower […]
Yesterday, Tether, makers of the largest Stablecoin USDT, announced the launch of its new Stablecoin, GBPT. Issued on the Ethereum blockchain, GBPT is a Stablecoin pegged to the British pound. The official announcement detailed: “GBPT will be a stable digital asset that is pegged 1:1 to the British Pound Sterling. GBPT will be built by […]
