Tether Excess Reserves Almost Double to $8 Billion Following $1.5 Billion Q3 Profit
Tether announced $1.5 billion in operating profit for the third quarter as its surplus reserves nearly climbed to $7.95 billion, as shown by data published…
USDT
Private, fast USDT arrives on Bitcoin: Can it rival Ethereum and Tron?
Utexo is getting ready to reintroduce Tether’s dollar-pegged stablecoin to the Bitcoin network following a three-year break. The Dubai-headquartered blockchain startup explains that this integration…
Sberbank Set to Include Ether and USDT as Security for Digital Asset Loans
Russia’s premier financial institution, Sberbank, intends to broaden its cryptocurrency-secured lending initiative to take ether (ETH) and Tether’s stablecoin USDT as security, together with bitcoin…
Higher Savings Rates Can Dampen Stablecoin Expansion, Says BIS Study
According to a working paper released by the Bank for International Settlements (BIS), traditional financial institutions might be able to decelerate the expansion of stablecoins…
THORChain Executive Claims Tether Temporarily Froze USDT Vaults
Chad Barraford, the network’s technical co-founder, stated that the assets were blocked and subsequently released with zero rationale provided. THORChain technical co-founder Chad Barraford blamed…
EU Securities Regulator Gives Crypto Platforms 3 Months to Remove Unauthorized Stablecoins
European Union crypto platforms have up to three months to end customer exposure to USDT and other stablecoins that do not meet the bloc’s Markets…
Conduit Files Lawsuit Against Tether Regarding $2.76 Million Freeze
International payments company Conduit has initiated legal action against USDT creator Tether, stating that the firm locked $2.76 million belonging to Conduit and has declined…
Tethers USDT is Coming Home to Bitcoin This Month Over a Decade After Debut There
“It’s coming home,” Tether CEO Paolo Ardoino stated on X last week, talking about the arrival of his organization’s stablecoin, USDT, back onto the Bitcoin…
Senate Report Highlights Tether’s USDT in Iranian Shadow Banking
<span class=”acf-media-credit”><span class=”acf-credit”><span class=”acf-credit”><a href=”theblock.co” target=”_blank”>The Block</a></span></span><span class=”acf-credit”> | <span class=”acf-credit”><a href=”https://unsplash.com/photos/an-abstract-purple-and-black-background-with-wavy-lines-7iq4VEHLNGU?utm_content=creditCopyText&utm_medium=referral&utm_source=unsplash” target=”_blank”>vackground.com</a></span></span></span> Tether along with its digital token USDT has become foundational to “Iran’s…
US Seeks Forfeiture of $61M in USDT Tied to Illicit Iranian Oil Sales
The United States Department of Justice (DOJ) is pursuing the seizure of more than $61 million worth of Tether’s USDT stablecoin, stating that these assets…