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This week, the leading stablecoin by market capitalization attained a valuation of $86.51 billion, following a supply surge of 3.6% in the past month. Currently, the Tron network holds approximately 45.82 billion USDT, while the Ethereum blockchain is home to 40.02 billion tethers, with the remainder circulating across various other blockchain platforms.
U.S. lawmakers' new bill aims to secure the cryptocurrency industry by restricting government officials from transactions with Chinese blockchain firms.
In a recent legislative move, US lawmakers have set their sights on Tether's parent company, iFinex, citing worries over its ties to Chinese securities. They propose a law to stop federal government officials from doing business with iFinex, aligning with the broader crackdown on Chinese blockchain companies. Tether's Chinese Links Uncovered U.S.
The United States intends to indefinitely do away with networks developed by China used in powering cryptocurrency transactions. The new development will be rooted in the new bipartisan bill that was introduced by lawmakers on Wednesday.
On Wednesday, November 8, U.S. legislators presented a bill that prohibits federal government officials from engaging in business with iFinex, the parent company of USDT stablecoin issuer Tether. The development comes as the US government announces a crackdown against Chinese blockchain firms.
Government officials would no longer be able to use networks developed by China that power crypto transactions, according to a new bipartisan bill.
U.S. Dollar Tether (USDT) by Tether Limited, the largest stablecoin in the crypto segment, increased its capitalization to previously unseen highs. Its main competitor, USDC by Circle, keeps shrinking to multiyear lows.
Binance has launched a time-limited opportunity for investors to earn up to 13% Annual Percentage Yield (APY) through its latest program. This promotion, active from November 7 to November 13, 2023, allows users to enjoy real-time APY rewards that accumulate and reflect in their Earn wallet every minute.
Following a dramatic surge higher in the final days of October, cryptos to watch – particularly the major virtual currencies – have again captured mainstream
The largest US dollar-pegged stablecoin by market cap is surging to new heights as talk of crypto regulation in the US ramps up. Earlier today, Tether (USDT) reached an all-time high market cap of over $85.
This week, Binance, the world's leading crypto exchange by trading volume, announced the introduction of a tether (USDT) earning program with up to a 13% annual percentage yield (APR). Binance's USDT earn product joins a slew of other digital currency trading platforms offering yield services for stablecoin assets.
In recent weeks, the world of cryptocurrency has been captivated by the astounding resilience of the digital coin known as USDT. Following a dramatic bounce from the $0.5 level in early October, USDT's price has been on an upward trajectory that has left many in the crypto space eagerly watching and speculating about its future.
With the latest issuance, USDT's reserves on Tron went past 45 billion. This is the highest allocation for any blockchain, including Ethereum.
The market supply of Tether (USDT), the largest stablecoin, has reached a new all-time high, surpassing the milestone of $84 billion. According to data from the crypto market intelligence platform IntoTheBlock, USDT's circulating supply currently sits at $85.42 billion, representing a 22% year-over-year growth.
As USDT's market capitalization and supply increase, the asset has maintained its dominance in the stablecoin space.
Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news during the last week. In this issue: USDT dominates the Brazilian crypto market, Bukele's administration is accused of deviating funds for Bitcoin projects, and Venezuelan exchanges create a new association.
One rationale for USDT's increase could be linked to the market recovery, suggesting a return to the bull cycle. But it does not end there.
In a rapidly changing world, the cryptocurrency landscape across Latin America is evolving at a remarkable pace. This week's Latam Insights takes a closer look at significant developments in the region.
Paolo Ardoino, Tether CEO, recently highlighted the company's significant earnings and emphasized the global use of USDT as a hedge against inflation.
In a surprising turn, the recent decline of USD Coin (USDC) supply prompts questions about its stability and competitors' gains.
Northern Data Group has confirmed a €575 million ($610M) debt financing from Tether Group, a signal of heightened activity in the high-performance computing sector responding to the artificial intelligence (AI) demand surge. The firm detailed that the funding is poised to advance Northern Data's cloud services and hardware capabilities, focusing on generative AI technologies.
The collaboration merges Injective's DeFi capabilities with Kava chain's speed and security to improve performance for users and developers.
In the aftermath of Sam-Bankman-Fried's landmark conviction, two cryptocurrency titans, Binance and Tether, are now under the intense scrutiny of the U.S. Department of Justice (DOJ) with allegations that strike at the very heart of global security: financing terrorism.
