USDT Faces Downward Pressure as Investors Pivot to Stocks in China
USDT, the largest stablecoin in the crypto market, has marginally lost its peg to the U.S. dollar, trading at less than $1 since September 30.
Keep up with what's happening in the crypto world in real-time.
USDT, the largest stablecoin in the crypto market, has marginally lost its peg to the U.S. dollar, trading at less than $1 since September 30.
The European Securities and Markets Authority declined to disclose whether USDt is “noncompliant” but said it is working on solutions to issues in the framework.
El Dorado, a Latam-focused peer-to-peer (P2P) exchange, has partnered with Tron DAO to offer gasless TRC20-USDT transactions for its customers. Until October 30, each user will be able to perform a limited number of withdrawals with no costs associated.
On Sunday, Tether, the issuing company behind the largest and most widely used stablecoin on the market USDT, marked a significant turning point by celebrating its 10th anniversary.
TL;DR Market Surge: The stablecoin market has reached a total market capitalization of $169 billion, with Tether (USDT) leading the growth, increasing its market cap by $28 billion to nearly $120 billion this year.
USDT dominance movement reveals an interesting connection with crypto price movements.
According to the latest report from CryptoQuant, stablecoin liquidity has crossed new records, largely due to Tether and Circle. Ripple entered the space with its new RLUSD token.
USDT, the stablecoin issued by Tether, is reportedly experiencing the impacts of Chinese investors suddenly returning to their nation's stock market. According to a new report by Bloomberg, USDT has at times traded below the value of the US dollar since the end of September.
In a recent interview with Fox Business, Tether CEO Paolo Ardoino confirmed that the USDT stablecoin is 104% backed.
Paolo Ardoino, the CEO of Tether, the global firm behind the most widely used dollar-backed crypto token, USDT, gave a rare interview with FOX Business.
Stablecoin issuer Tether has revealed a 10-year roadmap aimed at launching new tokens to promote financial inclusion and innovation in areas such as AI, energy sustainability, and blockchain education. This strategic outline, presented during the company's 10th-anniversary event, reinforces Tether's dominance in the stablecoin sector.
On October 6, 2024, Tether, the issuer of the USDT stablecoin, celebrates its 10th anniversary with the release of a documentary titled "Stability and Freedom in Chaos." This film highlights the significant impact of USDT in countries like Turkey, Brazil, and Argentina, where rampant inflation has driven citizens to seek crypto alternatives to protect their wealth.
Binance's latest proof-of-reserves report shows a notable decline in user assets in September as the crypto market wandered in the red zone.
The world's leading stablecoin provider, Tether, has announced a remarkable achievement: it has now surpassed 350 million users just a decade after its 2014 launch.
The news comes amid the company's 10-year anniversary celebration.
TL;DR Bybit Launchpool has introduced the SUI token as its first native pool, aiming to expand the token offerings and strengthen community activity. The exchange has replaced the USDT pool with USDC to enhance the user experience, providing greater stability and reliability in transactions.
Tether marked its 10th anniversary on Monday, celebrating a market capitalization nearing $120 billion with over 350 million users globally.
Bybit Launchpool now supports the SUI pool, its first native token pool. Bybit also replaces the USDT pool with USDC and introduces the NAVI token in the SUI ecosystem.
Tether celebrates USDT's 10th anniversary, highlighting its dominance in inflation-affected countries and plans for future expansion beyond financial tools.
The United States alleges that a North Korean hacking group conducted a series of brazen heists, targeting both traditional financial institutions and the crypto space.
Tether celebrates 10 years of innovation, solidifying its role as the leading stablecoin with 350 million users worldwide. Discover Tether's impact on global finance and its future vision.
The company is preparing to become compliant with the European MiCA to avoid delisting.
Bitcoin poised for gains as metrics and liquidity signal potential bullish trend.
Stablecoin issuer Tether is celebrating its 10th anniversary along with the success of its flagship product, USDT.