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In a report from last week, the bank highlights some risks in the medium to long term.

Singapore's mobile payment app firm Oobit said on Monday it had raised $25 million in a funding round amid expansion plans as it pushes to advance the adoption of cryptocurrencies as a means of payment.

The round also included participation from Anatoly Yakovenko, the co-founder of Solana.

In just 90 days, Tether (USDT), the largest stablecoin, has outpaced traditional financial giants with a staggering annual run rate of $11.4 billion. This massive success has paved the way for almost $100 billion in circulation, surpassing the profits of banking giant Goldman Sachs in the last quarter, as highlighted by Matt Hogan, Bitwise CIO.

Other stablecoins such as USD Coin may benefit from the coming regulatory crackdown and gain market share, the report said.

Early 2024 has brought a $9 billion stablecoin market cap expansion, injecting some much-needed liquidity into crypto

The recovery of the stablecoin market cap and the increasing USDT market cap could signal a bull trend.

Cryptocurrency analyst Justin Bennett has warned about a possible downturn in Bitcoin's (CRYPTO: BTC) value. Last Friday, in a post on X, formerly Twitter, Bennett suggested that Bitcoin may not have reached its market bottom yet.

This move is set to revolutionize the accessibility of digital skills development. Marking a significant leap towards empowering individuals with the knowledge and tools for self-development.

Tether's excess reserves tapped an all-time high of $5.4 million in Q4 2023.

Tether's robust performance in 2023 shows rising demand for stablecoins and closer ties between crypto firms and the traditional financial system.

Tether boasts record profits and 90% cash backing in Q4, surpassing concerns with complete removal of secured loans.

Tether CEO Paolo Ardoino slammed Wall Street giant JPMorgan's “hypocrisy” to raise concerns about the stablecoin issuer's dominant position in the cryptocurrency market while being the “biggest bank in the world.” In a Feb.

Tether, the undisputed king of stablecoins, finds itself at the center of a heated debate. Its surging market share, nearing $100 billion, brings both comfort and concern.

JPMorgan's report suggests that stablecoin issuers adhering closely to existing regulations stand to benefit from impending regulatory scrutiny.

We take a deep dive in the the Crypto gambling site Crashino, Find out if it is safe and legit in our full review with Pros & Cons.

TL;DR Tether, a leading stablecoin issuer, has launched Tether Edu, a global initiative aimed at promoting digital skills development and bridging the knowledge gap in the digital world. The initiative aims to establish a smart educational setting that stays up-to-date with the latest advancements in various digital sectors.

JPMorgan Chase & Co. recently expressed concerns over the expanding market share of Tether Holdings' USDT, the largest stablecoin, as it approaches a groundbreaking $100 billion in circulation.

Stablecoin issuer Tether (USDT) is launching an educational program called Tether Edu. According to the Tether's announcement, as part of Tether Edu, the company will increase the availability of digital product development skills and coordinate various educational programs.

Tether, a major stablecoin issuer, has disclosed impressive financial results in its recent report, showcasing substantial profits in the fourth quarter of 2023.

Amid registering record-breaking profits, USDT stablecoin issuer Tether has been expanding its market footprint recently. Earlier this week, Tether minted an additional $1 billion while adding $13 billion to its market cap in just the last four months.

Critics often claim that blockchain technology hasn't produced real products and is only used for speculative trading.

Tether Holdings Ltd., the operator of the largest stablecoin USDT, is on the verge of reaching a significant milestone – $100 billion in circulation. This achievement comes alongside record-breaking profits, solidifying Tether's dominant position in the stablecoin market. However, this success is accompanied by growing concerns, particularly noted by JPMorgan Chase & Co.

JPMorgan warns about the growing influence of Tether (USDT) in the stablecoin market, citing risks due to regulatory issues and lack of transparency.