Tether Supply on Crypto Exchanges Hits Highest Level Since March, Indicating Growing Confidence

The supply of Tether (USDT) on cryptocurrency exchanges has reached its highest level since March, according to data from crypto analytics platform Santiment. The amount of USDT currently sitting on exchanges is approximately $9.99 billion, marking a 40% increase since June 13, 2023. This increas ...

Hong Kong Yet to Regulate Stablecoins, Retail Trading Remains Restricted

Hong Kong has not yet adopted regulations for stablecoins like Tether (USDT) or USD Coin (USDC), according to the Secretary for Financial Services and the Treasury, Christian Hui. Retail investors in Hong Kong are currently not allowed to trade these assets due to the absence of specific regulations ...

Bitcoin and Ethereum Exchange Supplies Decrease as Tether (USDT) Supply Rises

A recent report from the blockchain intelligence firm Santiment highlights changes in the exchange supplies of Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). According to the report, the exchange supplies of both Bitcoin and Ethereum have continued to decrease, suggesting that traders are holding ...

Binance.US Partners with MoonPay to Enable USDT Transactions on Crypto Platform

Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. dollar-pegged stablecoin Tether (USDT) to use on its platform. The crypto exchange announced on Aug. 22 that USDT was being adopted as the ...

Coinbase Suspends Trading of USDT, DAI, and RAI in Canada

The exchange cited the regulatory climate as the reason. USDT and algorithmic stablecoins fall under a ban in Canada from 2021-2022. Cryptocurrency exchange Coinbase said it will suspend trading of USDT, DAI and RAI in Canada. This was reported by Cointelegraph, ...

Binance Collaborates with Tether, Circle, and Others to Expand Stablecoin Support

The world's largest cryptocurrency exchange Binance announced that it, along with Tether, Circle, and other unnamed companies, is going to expand support for stablcoins. "To improve user security, Binance has reached out to other market players, including ...

Tether CTO Paolo Ardoino Believes US Technical Default Unlikely, Highlights Consequences

He said so on The Scoop podcast Ardoino thinks the parties in Congress will still reach an agreement Since the consequences would be catastrophic if not CTO of Tether Paolo Ardoino thinks a scenario in which the US declares a technical default is unli ...

Tether Collaborates with Tbilisi Business and Technology University to Foster Blockchain Education

The management of the operator of the largest stabelcoin by capitalization Tether signed an agreement with Tbilisi Business and Technology University (BTU). The company said the partnership will give students the knowledge and skills they need to work in the digital econo ...

Chinese Fentanyl Labs Sell Opioid Precursors Overseas for Cryptocurrencies, Reveals Elliptic

According to analytics company Elliptic, more than 90 Chinese chemical laboratories that make the opioid analgesic fentanyl sell it in bulk overseas, accepting payment in bitcoin and stabelcoin USDT. Elliptic researchers analyzed some of the cryptocurrency addresses with ...

Strike Payment Platform to Support USDT on Lightning Network

Based on the Lightning Network solution for the Bitcoin network, Strike payment platform announced support for USDT, the largest steblecoin, on various networks. According to Tether CTO Paolo Ardoino, users will be able to deposit and withdraw USDT, as well as pay with st ...

Ethereum-Based Stablecoin Trading Volume Drops to December 2020 Levels

Efirium-based stablcoin trading volume dropped to December 2020 levels. Analysts attribute this to the popularity of memcoins, the increase in the number of transactions and the growth of commissions. According to The Block, trading volume with the popular stablcoin USDC ...

Tether Partners with KriptonMarket to Promote USDT Adoption in Argentina

The management of the operator of the largest steblecoin by capitalization Tether announced the cooperation with the service KriptonMarket to promote USDT as a means of payment for small businesses in Argentina. KriptonMarket is working to improve access to stablcoin for ...

Strike Expands Global Presence, Introduces Plastic Cards with Stablecoins in 65 Countries

Provider Lightning Network will operate in 65 countries And will issue plastic cards with stabelcoins Payment company Strike announced plans to expand its global presence. They are moving their headquarters from Chicago to El Salvador, a country where bitcoin is ...

High Inflation Triggers Protests in Lebanon, Pushing Citizens towards Alternative Livelihoods and Cryptocurrency Adoption

High inflation has led to protests in Lebanon and is forcing citizens to seek alternative livelihood tools. The state of the economy and the failure of state support programs are to blame. In a number of cities, the effects of the financial crisis have led to riots and lo ...

Bitget Introduces Referral Program Offering up to 9,000 USDT in Rewards

Crypto exchange Bitget announced the launch of a new referral program that offers users up to 9,000 USDT as a reward for inviting friends to the platform. Bitget updated the website and services to provide an improved user interface with useful features. The new referr ...

Tether Releases Q1 2023 Results, Reports $1.48 Billion Net Income

Tether, the issuer of the first capitalized USDT stabelcoin, released its results for the first quarter of 2023. According to the report, the company's net income was $1.48 billion. The company's total assets reached $81.8 billion. Of these, about $2.44 billion are claime ...

USDT Overtakes Other Stablecoins with $82 Billion Capitalization

Virtual real estate prices have collapsed by 90% in the last fourteen months, journalists have calculated The virtual real estate market in Decentaland and The Sandbox is in crisis amid falling cryptocurrency prices and a lack of interest among investors. The Australian Financial Review newspa ...

USDT Overtakes Other Stablecoins with $82 Billion Capitalization

Token capitalization exceeded $82 billion Yesterday, May 8, the asset crossed $1.01 The company is not "tied" to the U.S. and therefore less vulnerable to regulatory pressure The USDT has overtaken not only other steiblockers but also, it seems, the r ...

Telegram Update Enables Bitcoin Transactions Through Wallet Bot

Thanks to a recent update on Telegram, messenger users can now easily buy, sell, and send bitcoins to one another through the Wallet bot web interface. According to the official announcement, the updated web interface allows users to purchase, withdraw, exchange, and make P2P transactions with BT ...

TrueUSD (TUSD) becomes the most popular stablecoin for trading volumes on centralized exchanges paired with bitcoin

According to a report by Kaiko, a data analytics firm, TrueUSD (TUSD) has surpassed USDT and BUSD as the most popular trading asset paired with bitcoin on centralized exchanges. This significant shift can be attributed to the aggressive promotion of TUSD by Binance, which has led to a 168% increa ...

Bitget Launches New Online Service Allowing Purchase of Cryptocurrencies with VISA and Mastercard

Bitget, one of the leading crypto derivatives trading and copy trading platforms, has unveiled an innovative online service that allows users to purchase cryptocurrencies using VISA and Mastercard. This new solution is set to revolutionize the way users deposit fiat liquidity into the platform fo ...

Tether Blacklists Address of Hacker Who Stole $25M in Cryptocurrencies

Tether, the issuer of the USDT stablecoin, has taken steps against an attacker who recently stole $25 million worth of cryptocurrencies from MEV bots through the use of a Sandwich method attack. The hacker took advantage of a security vulnerability in the decentralized exchange Uniswap on the Eth ...

Tether Adds EURT and XAUT Trading Pairs to SimpleSwap Exchange

Tether, the company behind the popular USDT stablecoin, has announced that it is expanding its trading pairs to include Euro Tether (EURT) and Tether Gold (XAUТ) on the SimpleSwap exchange platform. This move gives SimpleSwap users access to two additional stable cryptocurrencies, further expandi ...

Tether’s Market Cap Surges by $15 Billion in Q1 2023, Reaching All-Time High

In the first quarter of 2023, the stablecoin Tether's market capitalization surged by $15 billion, breaking its previous record set in May 2022. As reported by the cryptocurrency explorer CoinMarketCap, USDT's market capitalization surged by over 20% in the first three months of the year, reachin ...

Tether Transfers Funds to Bahamas using Signature Bank’s Payment Platform, Signet

Tether Uses Signet to Transfer US Dollar Funds to Bahamas Banking Partner. According to recent reports, Tether, the issuer of USDT stablecoin, used Signet, the payment platform of Signature Bank, to transfer US dollar funds to its banking partner, Capital Union Bank, in the Bahamas. The transf ...

Tether CTO Reveals $1.6B Excess Reserves to Back USDT Stablecoin

During an interview, Paolo Ardoino, the CTO of Tether, made a significant announcement regarding the company's excess reserves. According to Ardoino, Tether currently has approximately $1.6 billion in reserves to support its stablecoin, USDT. Tether's USDT is backed by a variety of real assets, i ...

Telegram Messenger Users Can Now Send and Receive Stablecoins USDT, BTC, and TON

Telegram messenger users can now exchange, buy, sell, and transfer Tether (USDT) stablecoins for free directly within their chats. To top up their USDT balance, they only need to click "Get" in the bot's interface's main menu. Adding the bot to the attachment menu enables users to send USDT by cl ...

Massive Withdrawals and Asset Movements from FTX and Alameda Research Affiliated Wallets Despite Ongoing Investigation

Amidst an ongoing investigation by law enforcement into FTX and its subsidiary, Alameda Research, someone has made a hefty withdrawal of 69.64 million USDT stablecoins and 75.94 million USDC from affiliated wallets. According to the Lookonchain service, funds from three wallets linked to bankrupt ...

Tether Accuses Wall Street Journal of Deliberately Spreading Misinformation

Tether, a major issuer of USDT stablecoins, has accused the Wall Street Journal (WSJ) of deliberately spreading negative and outdated information about the company. According to Tether, the WSJ has published 84 negative articles in 2021 alone and often relies on opinions from experts associated w ...

BingX partners with Mercuryo to offer Cryptocurrency Purchase through multiple Payment Methods

BingX users are set to enjoy the convenience of purchasing cryptocurrency through Mercuryo, a global payment infrastructure platform. With a variety of payment methods available, including Visa and Mastercard credit and debit cards, Apple Pay, and Google Pay, users can seamlessly complete transactio ...

Cryptocurrency Donations for Ukraine’s War Efforts Surpass $70 Million

Chainalysis, an analytical company, has revealed that donations worth $70 million in cryptocurrencies have been made to help the Ukrainian army and victims since the beginning of Russia's hostilities in Ukraine. The majority of the donations, worth $22.8 million, were made in Bitcoin, while USDT ...

Stablecoin Market Update: USDT Regains Majority Share

According to data from CoinGecko, the stablecoin market saw a shift in dominance as the largest stablecoin by capitalization, USDT, gained a majority share of 51.31%, for the first time since May 2022. USD Coin (USDC) came in second with 30.64% of the market, while Binance USD (BUSD) accounted for 1 ...

Binance Reduces Tron Network Fees for Its Clients Due to User Outrage

  The increase in fees for withdrawing funds from Binance in the Tron network did not find understanding among the crypto community. The innovation lasted about a day.Last Friday, February 10, Binance, one of the largest cryptocurrency exchanges, officially announced an increase in fees for ...