Tagged: usdt

City of Lugano Switzerland Partners with GoCrypto, Tether to Accept Bitcoin, USDT

As part of Lugano, Switzerland’s Plan ₿, a joint initiative between the City of Lugano and Tether to accelerate the use of Bitcoin, the city now accepts Bitcoin and USDT at the communities merchants. The service is using GoCrypto to enable crypto payments. USDT is… Read More

India: Directorate of Enforcement Freezes Crypto-Assets, as Part of Investigation Involving Gaming App

Directorate of Enforcement (ED) in India has reportedly frozen the cryptocurrencies WRX (utility token of WazirX) and USDT (Tether, an Ethereum token that is pegged to the value of a U.S. dollar) equivalent to Rs 47.64 Lakhs (appr. $58,000) “under the provisions ofthe Prevention of… Read More

Digital Asset Platform MEXC Global Introduces MX/USDT Perpetual Trading

MEXC Global, a digital asset and cryptocurrency trading platform based in Estonia, has introduced the MX/USDT perpetual trading pair and supports 1-20x buying power “for long and short two-way trades, and this will significantly contribute to expansion of MX Futures and bring the MEXC ecosystem… Read More

Coinbase Is Reportedly Selling Crypto-related Data to ICE

Coinbase Tracer, the analytics division of the digital asset firm Coinbase (NASDAQ:COIN), has reportedly committed to a contract with US Immigrations and Customs Enforcement that will allow the agency to gain access to various features and data caches. This would include historical geo tracking data… Read More

Tether Says Its Stablecoin is the MOST Transparent, Plans Audit with “Big 12” Accounting Firm

Tether is out with a statement regarding its dollar based stablecoin USD₮. The commentary by Tether may be in response to an interview with SEC Chairman Gary Gensler that took place on CNBC this morning when Tether was discussed by name with Gensler comparing stablecoins… Read More

Stablecoins: Tether (USDT), USD Coin (USDC), Dai (DAI) Margin Trading Pairs Now Supported by Kraken

Digital asset firm Kraken recently revealed that they now support new margin pairs for Tether (USDT), USD Coin (USDC) and Dai (DAI). Margin trading is now offered via Kraken for several new pairs. You may view the complete list of supported pairs here. As covered,… Read More

Following Collapse of Algorithmic Stablecoin TerraUSD, Tether Reassure Users with “Assurance Opinion”

As TerraUSD (UST), an algorithmic stablecoin imploded going to zero, reserve-based stablecoins rushed to stem the tide of concerns about contagion. Tether (USDT), the largest stablecoin in the market, has been hit with collateral damage due to the failure of UST. At the beginning of… Read More

Update: Tether Says it Will Honor ALL Redemptions at USD $1 for Verified Customers

Tether, issuer of the dollar-based stablecoin USDT, has announced that it will honor all redemptions at USD $1 for all verified customers. The commitment by Tether arrives at a time of unprecedented volatility in crypto markets. In recent days, algorithmic stablecoin TerraUSD (UST) was hit… Read More

Circle CEO Pumps USDC: “Flight to Quality”

Early bird Circle CEO and founder Jeremy Allaire took to Twitter today to tout USDC, Circle’s dollar-based stablecoin while throwing shade at competitor Tether (USDT) – a competing dollar-based stablecoin. USDC/USDT is the trade of the day. Flight to quality. — Jeremy Allaire (@jerallaire) May… Read More

Stablecoins: TRC20-USDT Reaches 40B in Total Supply, as TRON Navigates Crypto Payments to Benefit Consumers

As the global crypto market keeps growing, stablecoins are playing “a more indispensable role, with TRC20-USDT becoming a mainstay.” On March 23, 2022, Tether’s (USDT) official data showed that “the supply of TRC20-USDT topped 40.7B, surpassing that of ERC20-USDT (39.8B).” This is another milestone for… Read More

Daily Usage Patterns of Tether Issued on Ethereum Shifted in 2021, Coin Metrics Reports

The Coin Metric State of the Network Report #135 notes that decentralized finance (DeFi) has experienced tremendous growth during the past few years. At present, the most widely-used metric to measure DeFi adoption is called “Total Value Locked”, or TVL. According to Coin Metrics researchers,… Read More

Crypto Exchanges See $598M Stolen in First Half of December: Elliptic

More than half a billion dollars worth of cryptoassets were stolen from exchanges in the first half of December, compliance firm Elliptic said in a recent blog post. On Dec. 11 and 12, close to $83 million was stolen from AscendEX, a cryptoasset exchange that… Read More

Blockchain Developers May Now Use Wyre’s API Tools to Build dApps on Algorand

If you’re a blockchain developer or brand building your application on the Algorand blockchain, then you may be interested in knowing that Wyre’s integration with Algorand is now live. As mentioned in the announcement, this means that application developers on the Algorand blockchain are able… Read More

HUMBL Pay Mobile Wallet Improves Digital Asset Management, Blockchain Functionality

HUMBL this week released HUMBL Pay, a mobile wallet that includes the latest upgrades to its peer-to-peer (P2P) capability, along with additional features that simplify the management of digital assets and blockchain functionality. The service is now available on the Apple App Store and Google… Read More

RSK Expansion to Increase Filipinos’ Stablecoin Access

Smart contract platform RSK’s expansion throughout the Philippines will result in more access to stablecoins for investors living in the country. Given their peg to existing assets such as fiat currencies, precious metals and, on occasion, other cryptocurrencies, stablecoins are less vulnerable to the wild… Read More

USDt Now Available on Avalanche, Market Cap North of $73 Billion

Tether Operations today announced it has launched Tether tokens (USDt) on Avalanche, a decentralized smart contracts platform built for the scale of global finance and business. Avalanche is designed as a highly scalable ecosystem, able to deliver rapid transaction finality and low transaction fees. It is… Read More

Short Tether: Hindenburg Research Offers $1 Million Reward for Details on Popular Stablecoin with Bounty Program

Short-seller Hindenburg Research has initiated the Hindenburg Tether Bounty Program as it seeks information “undisclosed details” on the backing of Tether (USDT). Tether is the most popular stablecoin with a market cap of around $70 billion. Tether is a dollar based stablecoin that is ostensibly… Read More

Tether Issues Statement on CFTC Settlement

As was reported earlier today, Tether – the leading dollar-based stablecoin (USDT), along with crypto exchange Bitfinex, were the targets of enforcement actions issued by the US Commodity Futures Trading Commission (CFTC). Both platforms are required to pay penalties with Tether paying $41 million and… Read More

Tether, Bitfinex Ordered to Pay Over $42 Million in Fines by CFTC

The Commodity Futures Trading Commission (CFTC) has ordered Tether and Bitfinex (iFinex) to pay $42.5 million in fines, according to a statement by the regulator. Tether, a leading dollar-based stablecoin, must pay $41 million in regards to claims that Tether (USDT) was fully backed by… Read More

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