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The stablecoin Circle USD (USDC) has been growing in market share and approaching the undisputed leader, Tether USD (USDT). Ongoing regulatory developments threaten Tether's presence in key markets, which could affect the company's flagship product.
Bitcoin flipped its old resistance into support as Tether's market cap continues to grow rapidly in 2024.
An upcoming regime for digital assets that is scheduled to take effect in July, may trigger the removal of United States dollar-pegged stablecoin USDT from the Kraken trading platform. Will Kraken Delist Tether USDT From its Platform?
Kraken may follow OKX, which pulled Tether trading pairs in Europe in March of this year as stablecoin regulation loomed.
With new regulations in Europe set to enforce strict limits on transactions and reserve requirements, Kraken is assessing its stablecoins listing.
Cryptocurrency exchange Kraken is considering delisting the USDT stablecoin in the EU
Kraken is reviewing its support for Tether's USDT in the EU as new MiCA regulations approach and impact stablecoin operations. The post Kraken may delist USDT in EU to comply with MiCA appeared first on Crypto Briefing.
Tether announced its collaboration with the TON Foundation and mobile payment application Oobit to launch a solution for carrying out crypto transactions. With this, they seek to provide financial solutions to the unbanked population.
Liquidity seems to be entering back into the crypto market as the bitcoin price pumped all the way to $67,000 amid the cooling down of the US CPI data. There's been a strong stablecoin influx at the crypto exchanges in recent times.
Through its treasury, Tether, the issuer of USDT, has minted a significant amount of its stablecoin. On-chain data reveals that Tether Treasury minted 1 billion USDT on May 16, at 16:50 UTC.
Chinese authorities have announced the dismantling of a major underground banking syndicate accused of enabling illicit transactions valued at nearly $2 billion using Tether (USDT).
Oobit, a mobile payment app, is set to streamline transactions involving Tether's USDT and Tether Gold (XAUt) on The Open Network (TON).
The Chinese police arrested 193 suspects across 26 provinces in connection with the underground USDT operation.
A major development in cryptocurrency transactions is taking place as The Open Network (TON) incorporates the Oobit mobile payment app. According to Tether's press release, this integration is a big step forward in simplifying transactions with the company's USDT and XAUt, Tether Gold, offering merchants a notably improved user experience.
TL;DR Strategic Partnership: Tether Operations Limited has partnered with Oobit and the TON Foundation, aiming to redefine cryptocurrency payments as a mainstream means of transaction. This collaboration represents a significant step forward in the adoption of digital currencies. Seamless Transactions: The partnership seeks to offer users a seamless and convenient transaction experience.
Tether, the largest stablecoin company, unveiled its new partnership with Oobit, a mobile payment app, and the TON Foundation on Friday. This collaboration aims to change the cryptocurrency payments industry by giving users a smooth and simple way of transferring money.
Recently, Tether launched USD₮ and XAU₮ on TON, facilitating smooth transfers within TON's ecosystem. This move aims to streamline processes, ensuring swift, secure, and cost-effective transactions for users worldwide.
Despite China's strict ban on crypto, Chinese traders are among the largest stablecoin holders in the world.
The Open Network users will be able to use Oobit's Tap & Pay technology to pay merchants in fiat while spending USDT.
Tether Operations Limited, Oobit, and TON Foundation collaborate to revolutionize crypto payments, offering a seamless transaction experience.
The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations.
Tether (USDT), the world's leading stablecoin issuer, recently made a decision to freeze $5.2 million worth of USDT, which was tied to scams.
Police in China have busted an underground bank that conducted foreign currency exchanges using USDT.
Chinese law enforcement agencies have announced a breakthrough in their fight against illegal financial activities. They have dismantled a large underground banking gang allegedly involved in facilitating illegal transactions using Tether's USDT stablecoin.
