In the rapidly evolving world of cryptocurrency, stablecoins have emerged as a cornerstone, melding the volatility of digital assets with the reliability of traditional currencies. Among these, Tether (USDT) has surged to the forefront, becoming an indispensable tool in bridging the gap between fiat and digital currencies. This article explores the trajectory of Tether’s growth, […]
The stablecoin market has grown rapidly in the past year, reaching a total capitalization of over $120 billion. However, not all stablecoins are created equal, and some may face more regulatory challenges than others. This is the case for Tether, the largest and most controversial stablecoin issuer, which accounts for more than 70% of the […]
Tether, the issuer of the popular stablecoin USDT, has taken decisive steps to address concerns regarding potential risks associated with stablecoins and their involvement in illicit activities. In response to inquiries from Senator Cynthia M. Lummis and Congressman J. French Hill, Tether has publicly shared letters underscoring its commitment to transparency and legal compliance. Tether […]
Stablecoins, the unsung heroes of the ever-evolving digital asset ecosystem, have recently witnessed a noteworthy resurgence. In this deep dive into Coin Metrics’ latest State of the Network report, we uncover the signs of returning liquidity, shedding light on the market cap, supply trends, adoption patterns, and emerging trends that collectively shape the stablecoin landscape. […]
In a groundbreaking move to boost transparency and rebuild trust in the crypto world, Tether, the issuer of the leading stablecoin USDT, has announced plans to provide real-time data on its reserves starting in 2024. Paolo Ardoino, the incoming CEO and Chief Technical Officer, unveiled this initiative in an exclusive interview with Bloomberg. Tether’s current […]
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 […]
