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Tether Group, the crypto titan behind the $86.5 billion market cap stablecoin Tether, has made a massive leap into the cloud GPU scene.

On-chain data shows the $4.5 million was first transferred from the Kraken crypto exchange, before eventually arriving at an address purportedly owned by a scammer.

Stablecoin firm Tether is entering a $420 million deal involving artificial intelligence chips and an overseas Bitcoin crypto mining firm, Forbes reported on Sept. 20. Tether has not officially announced the investment.

While, there is no "native" (issued directly by Tether Limited) USDT on Cardano (ADA), customers of the second largest proof-of-stake blockchain and its DeFis can now use the largest USD stablecoin for on-chain lending and borrowing operations.

Recent blockchain surveillance reveals a significant move in the cryptocurrency landscape Tethers Treasury authorized a $1 billion USDT to enhance liquidity for the Tron network. This news, first made public on the platform X (previously known as Twitter), quickly received comments from Tethers Chief Technical Officer, Paolo Ardoino.

Tether, the leading stablecoin, has allocated $1 billion USDT to bolster the Tron network. This authorization, while significant, is not an immediate issuance. Paolo Ardoino, Tether's CTO, clarified that it is set aside for future issuance requests and chain swaps from Tron.

When you think of the digital currency giants, Tether unmistakably dominates the conversation, especially with its recent decision to pump up the TRON network with a massive dose of USDT.

Ahead of the Fed's decision regarding interest rate hikes, several top cryptos are waiting patiently for upside catalysts.

Blockchain oversight platforms have identified a $1 billion approval in Tether's (CRYPTO: USDT) Treasury, aimed at enhancing short-term USDT liquidity on the Tron network. WhaleAlert, a blockchain monitoring service, spotlighted this massive authorization on microblogging platform X.

This means that the colossal sum injected into Tron's network is intended to serve as inventory for future period issuance requests and chain swaps.

Blockchain trackers flag $1 billion “authorised but not issued” USDT mint at Tether's Treasury, CTO Paolo Ardoino clarifies holdings will be used for ongoing TRON issuance requests and chain swaps.

Binance is launching a new referral scheme targeting users in the Africa region, offering a reward pool of 17,500 USDT in token vouchers. The promotion runs from September 18 to October 2, 2023, and requires users to register and complete KYC within the promotion timeframe.

Tether CTO Paolo Ardoino says they are currently testing Bitcoin mining.

Paolo Ardoino, chief technology officer of Tether, announced the launch of the testing phase for Moria, the company's Bitcoin mining platform.

William Quigley, a major figure in the stablecoin world and co-founder of Tether recently expressed his opinion regarding PayPal's arrival in the stablecoin world.

Tether pioneer William Quigley, who was also an early investor in PayPal, said he doubts the payments giant will bring much innovation to the stablecoin space.

In the ever-evolving landscape of cryptocurrencies, stablecoins have emerged as a stalwart force, offering a steady and reliable anchor amidst the turbulence of the digital asset market. With a total market value now standing at an impressive $123.86 billion, these unique digital currencies have become integral to the world of decentralized finance.

According to CoinGecko data as of 17 September 2023, the total value of stablecoin tokens stands at $123.86 billion. The leading stablecoin by market capitalization is Tether (USDT) with a value of $83,050,991,214, registering a 0.8% increase in the past month.

Tether is testing its new Bitcoin mining platform, Moria, which has undergone significant software enhancements, including software-driven PDU management and multisig approval. Moria is designed to integrate with IoT devices, potentially revolutionizing mining operations.

Troves of the top stablecoin USDT are moving back onto crypto exchanges, a potentially bullish indicator, according to the crypto analytics firm Santiment. Santiment notes 24.1% of USDT's total supply now sits on exchanges, the highest level since March.

BNB/USDT chart and technical analysis BNB/USDT is recovering from the major drop in the last couple of months. Price is indicating a bullish trend in making. The appearance of a bullish head and shoulder pattern is a clear indication of the coming uptrend.

In recent developments in the world of cryptocurrency trading, the landscape on Binance, one of the leading crypto exchanges, has witnessed significant shifts in the trading volumes of stablecoins. As digital assets continue to gain popularity, traders and investors closely monitor these trends for insights into market dynamics.

Stablecoin issuer Tether (USDT) has stated that it is unaffiliated with the Justin Sun-linked Staked Tether (stUSDT) protocol, according to a statement sent to CryptoSlate. A Tether spokesperson said: “stUSDT is an independent project and is not affiliated with Tether.

Tether has frozen the wallet address of the hackers after they drained around $2.7 million from the Remitano crypto exchange.