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 […]
In the initial week of April, the weekly transaction volume of Tether (USDT) on the Tron network surged to $110 billion, highlighting increased stablecoin engagement within the network. As per a tweet from IntoTheBlock, Tether’s recent weekly gain’s achievement on Tron doubled the amount settled on Ethereum, affirming Tron’s dominance as the primary platform for […]
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 […]
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 […]
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 […]
USDC and USDT deposits for Solana (SOL) have been temporarily suspended, according to cryptocurrency exchanges Binance and OKX. The change follows Crypto.com’s recent suspension of USDC and USDT for Solana deposits and withdrawals. In support of its choice, Crypto.com cited recent developments in the crypto space. Following this news, the price of Solana has fallen […]
