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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.
Robinhood and Revolut are considering stablecoin launches, as Markets in Crypto-Assets (MiCA) regulation may disrupt Tether's market domination in the EU.
Swan Bitcoin's mining arm is suing its former employees for allegedly stealing the “crown jewels” of its billion-dollar Bitcoin mining business to power a “copycat” firm.
Robinhood Markets Inc. (NASDAQ:HOOD) and Revolut Ltd. are reportedly exploring the possibility of entering the $170 billion stablecoin market, which could challenge the dominance of incumbent Tether (CRYPTO: USDT).
In a wide-ranging interview, Tether (CRYPTO: USDT) CEO Paolo Ardoino shared insights on the company's plans for expansion and its stance on regulatory issues, particularly in Europe. What Happened: Ardoino told “The Big Whale” listeners about Tether's launch of a stablecoin pegged to the UAE's currency Dirham, first announced in August, citing its growing importance in global trade and remittances.
Memecoin giant Shiba Inu is on track to launch a new stablecoin to boost ecosystem growth.
Circle has launched Compliance Engine, a tool designed to help businesses meet regulatory requirements through customizable, automated compliance checks. The feature is integrated within Circle's infrastructure, eliminating the need for separate third-party solutions and streamlining the compliance process for companies operating in the digital asset space.
Binance Futures introduces a Trading Quest allowing users to learn new trading features and earn a share of 35,500 USDT in rewards.
Tether's recent growth is noteworthy. According to blockchain analytics firm IntoTheBlock, the stablecoin's market cap has ballooned from $84.69 billion to its current figure, showcasing its robust performance amid a fluctuating market.
After a tough September, the non-subtle moves of the Tether (USDT) stablecoin may have offered a subtle hint that October will truly live up to its nickname of ‘Uptober' for the cryptocurrency market.
Tether (USDT) is on track to achieve a significant milestone, approaching a market capitalization of $120 billion.
Tether has reached a new all time high in market cap.
In the first week of September, the number of daily active TON addresses soared to 3 million. TON has also seen a rise in the volume of on-chain trades, particularly in the stablecoin market.
Tether (USDT) nears a $120 billion market cap, solidifying its dominance as stablecoins gain unprecedented momentum in the crypto space.
Tether's USDT, the largest stablecoin, continues to grow and further solidify its dominance in the market.
Tether (USDT), the world's largest stablecoin and the third largest crypto in market cap, has asserted its dominance in the cryptocurrency market and is now close to achieving a significant milestone. Recent data shows a massive influx of money into the crypto industry in the past week, with over $1 billion going into stablecoins.
Toncoin is growing its USDT supply to more than $1B, with up to $300M in daily transfers. The Toncoin ecosystem aims to move beyond meme trading and grow DeFi apps and liquid staking protocols.
Tether, the dominant stablecoin issuer, faces increasing scrutiny over its transparency and potential risks to the broader crypto market.
There are mounting investor concerns around the issuer of the world's largest stablecoin USDT. Justin Bons, the founder and CIO of Cyber Capital recently shared his concerns in a series of texts on X over how Tether is a potentially bigger scam than FTX.
Tether, the issuer of the largest stablecoin, USDT, faces mounting scrutiny due to its lack of third-party audits and alleged financial opacity. As concerns spread about a potential collapse akin to the FTX debacle, Cyber Capital founder Justin Bons has been vocal about Tether's operations, calling it a $118 billion “scam” that could destabilize the entire crypto ecosystem.
Some market analysts think that Tether could also implode like FTX, if not audited duly by third-party agencies. This implosion would likely be tied to its banking partners.
The corporate structure of Tether: a potential threat to the market?
Tether's market share surpassed 75% of the entire stablecoin market, fueling concerns over the stablecoin giant's influencer over the crypto industry.
