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Ardoino says there's more of a need for stablecoins outside the U.S., especially in countries with rampant inflation and shoddy financial infrastructure.
By merging CEX and DEX trading in one competition, Bybit seeks to foster adoption in ways previously unimaginable.
The Nigerian government filed a criminal lawsuit against four Nigerian Crypto traders for conducting unlicensed business transactions including USDT & NGN trades.
The Nigerian government filed a criminal lawsuit against four Nigerian Crypto traders for conducting unlicensed business transactions including USDT and NGN trades.
Tether, a leading stable coin issuer, has teamed up with the U.S. Department of Justice (DOJ) to seize $6 million in digital assets linked to elaborate scams. These fraudulent operations, predominantly based in Southeast Asia, involved scammers impersonating legitimate cryptocurrency exchanges, effectively duping victims out of their hard-earned money.
As the Federal Reserve (Fed) starts to change course on interest rates, Tether and four other stablecoin issuers risk seeing $625 million in annual interest income melt away. This upheaval, revealed by a recent CCData report, highlights stablecoins' reliance on U.S. Treasury bonds, a crucial pillar of their economic model.
The company behind the world's largest stablecoin by market cap says it aided US authorities in confiscating the proceeds of an overseas crypto-confidence scheme.
In collaboration with the DOJ, Tether assisted in seizing $6 million from victims of crypto scams across Southeast Asia. These schemes lured victims by imitating legitimate crypto exchanges, leading to substantial financial losses.
TL;DR Rapid Minting: Ripple Labs has minted 1.7 million RLUSD tokens in just two days, signaling an imminent launch of their USD-pegged stablecoin. Regulatory Approval: Ripple is awaiting SEC approval for RLUSD, with CEO Brad Garlinghouse expecting public availability in the coming weeks.
The stablecoin industry will have to weather significant losses in interest income following the Federal Reserve's latest rate cut, a new report from CCData shows.
Ripple is making bold moves in the stablecoin sector, rapidly minting its RLUSD stablecoin and signaling a potential market launch. This strategic leap forward raises questions about its competitive positioning against established players like Tether. With 800,000 tokens created, the race to challenge Tether heats up.
Tether, a stablecoin issuer, said it has collaborated with the U.S. Department of Justice to seize digital assets worth $6 million stolen from victims of crypto confidence schemes. Tether has assisted law enforcement in various jurisdictions, blocking over two billion dollars in USDT and recovering millions for victims.
Tether has assisted the U.S. Department of Justice in seizing $6 million in USDT linked to alleged cryptocurrency scams, marking a significant step in combating fraud.
Tether helped the U.S. Department of Justice seize over $6 million linked to a crypto scam in Southeast Asia.
Tether aids the U.S. Department of Justice in seizing over $6 million linked to a crypto-confidence scheme in Southeast Asia, demonstrating its commitment to combating fraud.
The US Department of Justice intercepted another batch of confidence scam wallets, containing $6M in USDT. Tether, Inc. will once again assist the authorities in blacklisting the addresses.
Swan Bitcoin has filed suit against a group of former employees and consultants, alleging that they “hatched and executed a ‘rain and hellfire' plan” to steal its lucrative bitcoin mining business with the help of Tether, Swan Bitcoin's one-time ally and fundraising partner.
Tether, the world's largest stablecoin issuer, reportedly played a crucial role in a joint operation led by Dutch and U.S. law enforcement agencies to dismantle two cryptocurrency exchanges suspected of money laundering. The operation resulted in the seizure of €7 million ($7.8M) in crypto and the freezing of illicit wallets.
USDT's anticipated integration into the Lightning Network has been a topic of discussion among crypto enthusiasts for years. Despite the evident advantages Lightning offers—such as instant, low-cost transactions—USDT's transition to this layer has been over and again stalled.
Tether (USDT) is expanding aggressively. Stablecoin growth on TRON and Ethereum is slower, with stronger minting expansion on Celo, Solana, Toncoin, Base, and Optimism.
Tether aids Dutch FIOD, NHCTU, and U.S. Secret Service in dismantling cryptocurrency exchanges involved in money laundering.
Swan Bitcoin took legal action this week against several former employees and a competitor, Proton Management. The company accused them of a deliberate attempt to undermine and seize its Bitcoin mining operations.
A Robinhood spokesperson said that the company has “no imminent plans to launch this offering.” Tether, with a market cap of about $120 billion, dominates the $170 billion stablecoin market.
