Tether Splits Into Four Divisions, Eyes Expansion

Categories
Bitcoin, Crypto News, Stablecoins, Tether, Tether news, USDT

Tether, the company behind the USDT stablecoin, has announced a significant reorganization and expansion strategy aimed at transcending its flagship product. This move introduces four distinct business divisions—Data, Finance, Power, and Edu—with a focus on broadening its influence and applications in various sectors of technology and finance. Paolo Ardoino, CEO, emphasized the strategic pivot: “Thriving […]

Ripple To Emerge As Tether Rival With Upcoming USD-Pegged Stablecoin Launch

Categories
Crypto, Dollar stablecoin, i, ripple, Stablecoin, Tether, USD, USDT, XRP, XRPUSDT

Payment company firm Ripple has announced its foray into the stablecoin market with an imminent launch of its own US dollar-pegged digital currency. This development positions Ripple to compete directly with established stablecoin giants like Tether and Circle, which dominate the $150 billion market. Ripple’s entry into the stablecoin arena signifies a strategic expansion of […]

Whales Buy Up 5% Of Stablecoin Supply, What Are They Up To?

Categories
Bitcoin, btc, btcusd, Stablecoin, Stablecoin Whales, Stablecoins, Stables, Tether, USD Coin, USDC, USDT, whales

On-chain data suggests the whale entities have bought up around 5% of the supply of the major stablecoins over the past three weeks. Whales Have Been Gobbling Up Stablecoin Supply Recently According to data from the on-chain analytics firm Santiment, whales have been rapidly accumulating the stablecoin supply recently. Whales here refer to investors holding […]

Tether’s Dark Crown: Most Used Stablecoin In Illicit Crypto Transactions, Reports TRM

Categories
Crypto, Crypto Fraud, Crypto News, Cybercrime, Tether, TRM, TRM Labs, USDT

While Tether (USDT), the world’s leading stablecoin, has been pivotal in facilitating transactions across the blockchain space, a recent analysis by blockchain analytics firm TRM Labs sheds light on a less desirable aspect of USDT’s ubiquity: its significant use within illicit crypto flows during the past year. This development unfolds against declining overall volumes of […]

USDT To The Moon? Tether Inches Closer To $100 Billion Market Cap

Categories
Crypto, Crypto News, Stablecoins, Tether, Tether (USDT), USDT, USDTUSD

The cryptocurrency world watches with a mix of intrigue and apprehension as Tether (USDT), the most prominent stablecoin, inches closer to a seemingly mythical $100 billion market capitalization. This monumental milestone signifies Tether’s undeniable market dominance, but it also casts a spotlight on the regulatory clouds gathering around the stablecoin and the potential implications for […]

Here’s How The Rising Stablecoin Supply Is Shaping Bitcoin’s Price Performance

Categories
Bitcoin, Bitcoin News, btc, BTCUSDT, Crypto, Glassnode, Stablecoin, Tether, USDT

Stablecoins are now emerging as a pivotal force, particularly influencing Bitcoin’s recent price movements. Data from the on-chain analytics firm Glassnode reveals a notable shift in the stablecoin supply ratio (SSR) oscillator, signaling an increase in stablecoin “buying power.” This trend has become a significant factor contributing to Bitcoin’s price performance. Stablecoin Supply Moves 3.5% […]

Is It True That Cardano Needs A “USD-Backed Stablecoin” Like USDT To Rally?

Categories
ADA, ADAUSDT, Cardano, Cardano bulls, Cardano Price, Hydra, Input Endorsers, IOG, USDC, USDT

In a post on X, analyst Cardano Yoda believes that a USD-pegged stablecoin is crucial for ADA’s future success, suggesting that its integration could trigger a bull run sometime in 2025. A stablecoin, a token that’s “stable” since its price is pegged to a fiat currency like the USD or Euro, will ignite activity, driving decentralized finance […]

Expert’s Bold Prediction: Stablecoins Set To Eclipse ETFs, Forging A Multi-Trillion Dollar Market

Categories
Crypto News, Dai, hkma, hong kong, Stbalecoin, Tether, USDC, USDT

Stablecoins are poised to become the next multi-trillion-dollar market, according to a prediction by Gabor Gurbacs, an advisor to Tether, one of the leading stablecoin issuers. Gurbac’s assertion places stablecoins at a pivotal juncture in the evolution of financial markets, drawing parallels to the monumental growth of exchange-traded funds (ETFs). As the stablecoin market currently […]

Analyst Claims Tron, Not Solana Or Bitcoin, Is Banking The Unbanked: Is This True?

Categories
altcoin news, Ethereum, solana, tron, Tron price, trx, TRXUSDT, USDT

According to Qiao Wang, the customer support at Alliance DAO, Tron is the blockchain that has best banked the unbanked around the world. Tron is a smart contract platform and one of the many competitors of Ethereum. Taking to X on December 25, Wang argues that Ethereum (ETH), Bitcoin (BTC), and Solana (SOL) are “too volatile, too […]

Tether Teams Up With FBI And Secret Service In Crime-Busting Alliance

Categories
Crypto, Crypto News, Sen. Cynthia Lummis, Stablecoin, Tether, USDT

Tether, the company that created the popular stablecoin USDT, has taken the initiative to publicly reveal letters it sent to the US House Financial Services Committee and the US Senate Committee on Banking, Housing, and Urban Affairs in an attempt to reaffirm its commitment to openness and legal compliance. Tether, which has taken a proactive […]

Ledger Falls Victim To Supply Chain Attack, Over $480,000 Drained

Categories
DeFi, Ethereum, ledger, Ledger hack, LedgerConnect, solana, Tether, USDT

In yet another significant security breach, unknown malicious agents targeted Ledger, the popular hardware wallet provider, aiming to exploit their LedgerConnect kit. Blockaid, a platform aiming to protect web3 users, was the first to report on the attack. The Supply Chain Attack Targeting Ledger Connector Taking to X on December 14, Blockaid said attackers successfully injected a […]

Tether Freezes A Staggering $225 Million In USDT – Details | Bitcoinist.com

Categories
Tether, Tether freeze, Tether news, US law enforcement, USDT, USDT freeze, USDT news

USDT stablecoin issuer, Tether has made the largest USDT freeze in its history. The significant move is a result of a joint investigation conducted by Tether in collaboration with US law enforcement agencies targeting a human trafficking organization in Southeast Asia  Tether Initiates Largest USDT Freeze Crypto firm Tether has initiated a large-scale USDT freeze, […]