Keep up with what's happening in the crypto world in real-time.
All Filters (1)
During the day of the failed coup attempt in Russia, the trading volume of the stablecoin USDT (Tether) with Russian rubles increased considerably.
TUSD trades at a discount versus Tether as former FTX provider Armanino's rebranded outlet The Network Firm's association with TrueUSD raises alarm bells on Crypto Twitter.
Although cryptos enjoyed a strong performance last week, the lack of retail support is a framework to watch closely this week.
Russian citizens sought refuge in tether amid the brief mutiny of the Wagner mercenary group that shook their country. The ruble-denominated trading volume of the U.S. dollar-pegged stablecoin spiked during the short-lived rebellion, market data revealed.
The Wagner Group's revolt caused a heightened state political-economic uncertainty which may have forced many to buy into other assets. Tether's USDT represents one of the easiest routes especially after the sanctions imposed on Russia.
The trade volume between the Russian ruble and Tether (CRYPTO: USDT) saw a significant increase over the weekend, nearly quadrupling from $4 million Saturday to $15 million Sunday, as per data from crypto analytics firm CCData. What Happened: This surge coincided with the capture of the southern Russian city of Rostov-on-Don by Yevgeny Prigozhin, the head of the Wagner mercenary group, and his forces' subsequent advance toward Moscow, seemingly in an attempt to overthrow Russian President Vladimir Putin.
As per analysts, Tether, a stablecoin issuer, is projected to achieve significant profitability this year, potentially surpassing even the earnings of asset manager BlackRock.
Tether will leverage Kava to help improve user experience in the Cosmos ecosystem, by addressing liquidity and improving DeFi performance.
Stablecoin issuer Tether could become one of the most profitable companies in America this year. According to some analysts, its earnings could be even greater than those of asset manager BlackRock.
CoinDesk's chief insights columnist David Z. Morris joins "The Hash" panel to discuss why stablecoin tether (USDT) could face serious pressure amid the U.S. Securities and Exchange Commission (SEC)'s apparent crackdown on the crypto industry, with recent lawsuits against Coinbase and Binance.
Tether's Chief Technical Officer, Paolo Ardoino, clarifies that despite Tether's significant holdings of US treasuries, the world's largest stablecoin issuer does not position itself as a direct competitor to traditional banks.
USDT's dominance surges to 64.74% as USDC faces challenges. The collaboration with Kava and Cosmos holds promise for increased adoption and activity in the ecosystem.
Binance.US, the U.S.-based arm of the world's largest crypto exchange Binance, on Friday announced that it has successfully worked with banking partners to resolve all USD withdrawal issues on the crypto exchange. However, it warns banking partners may terminate the service in the near future and recommends converting USD fiat balances to stablecoins.
Tether CTO Paolo Ardoino says the world's largest stablecoin issuer does not view itself as a competitor of banks despite being a huge buyer and holder of US treasuries.
Tether Operations Limited( Tether), the driving force behindtether.to and the world's most extensively espoused stablecoin, lately unveiled its plans to bringU.S. bone – pegged Tether commemoratives( USDT) to the Kava blockchain. Kava, known for its scalability and high- speed deals, is a subcaste- 1 blockchain that combines the inflexibility of the Ethereum virtual machine with the interoperability of the Cosmos software development tackle.
USDT's launch on Kava came even as the stablecoin started to recover from the turbulence of last week.
This move comes after weeks in which the company minted billions of dollars in USDT and Paolo Ardoino, Tether's Chief Technology Officer, shed light on the reasons for this practice.
The largest stablecoin issuer in the world is announcing its expansion ontp Kava (KAVA), an interoperable layer-1 blockchain. In a new press release, Tether (USDT) says that its dollar-pegged crypto asset will be launching over the Kava network, sending the decentralized finance (DeFi) platform's price skyrocketing. KAVA is trading for $0.
Last week, CoinDesk received documents in response to a New York state Freedom of Information Law request about the details of Tether's reserves. These documents were released two years after our original filing in 2021 and only after a full-blown legal fight with Tether, which CoinDesk won in February.
Tether.to, the company in charge of USDT, the world's largest stablecoin, has signaled plans to roll out the token on the Kava blockchain.
Recent on-chain activity involving the Ethereum address ‘0xd275e‘ has caught the attention of the crypto community. Through CryptoSlate‘s on-chain analysis, no concrete evidence pointing to the owner of the account has been discovered.
Crypto's most controversial instrument enjoys some notable insulation from skeptical bets.
Kava layer one blockchain joins other chains - like Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, and Tron - that support USDT.
Kava joined the likes of Ethereum, NEAR Protocol, Polygon, and others to add support for USDT.
