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Tether's treasury sent Binance $750 million USDT on June 12, per data from blockchain analytical firm Arkham Intelligence. The transactions were sent in three batches of $250 million after a $10 test transaction.

On June 12, Tether announced the minting of a new batch of $1 billion worth of Tether stablecoin on the Ethereum blockchain.

This was Tether's second $1 billion mint in two months, bringing the total USDT minted by the stablecoin issuer in 2023 to over $16 billion.

Tether, the largest stablecoin issuer, has minted 1 billion of USDT on the Ethereum blockchain as an "inventory replenish."

People in Turkey have been seeking refuge in stablecoins as their national fiat continues to depreciate against the greenback. The Turkish lira saw a record drop in its exchange rate with the U.S. dollar when the country's central bank halted intervention after the recent presidential vote.

The cryptocurrency market is witnessing notable activity as the trade volume of Tether (USDT) approaches a staggering $33 billion. Investors are actively seeking opportunities within the market despite ongoing regulatory concerns.

Bitcoin, the top cryptocurrency by market cap, and Tether, the most popular stablecoin, have boosted their share of the total crypto market. Measured as a percentage of the total crypto market capitalization, Bitcoin dominance spiked to nearly 50% early on Saturday morning.

Bitcoin dominance is rising as crypto investors attempt to decipher the impact of the recent SEC lawsuits against Coinbase and Binance. Investors appear to be converting tokens proposed as securities by the SEC into less disputable assets such as Bitcoin.

The cryptocurrency market is no stranger to volatility and rapid shifts, and a recent development has caught the attention of industry observers worldwide. Tether, the leading stablecoin, has surpassed Bitcoin as the most traded digital currency in a surge that highlights the evolving dynamics within the crypto landscape.

On-chain data shows that Tether (USDT) sharks and whales have been rapidly growing their holdings since Bitcoin's volatility started. Tether Sharks & Whales Grow Holdings As USDT Exchange Supply Plunges According to data from the on-chain analytics firm Santiment, these large Tether holders are now carrying a total of $16 billion worth of the stablecoin.

Stablecoin issuer Tether is making a strategic investment in energy production and Bitcoin mining to support El Salvador's adoption of BTC.

Tether Gold (XAU₮) and Euro Tether (EUR₮) have been listed on Uquid, an innovative e-commerce platform that is bringing decentralized finance (DeFi) and Web3 to the world of online retail shopping.

Just half a year ago, Binance US, the American subsidiary of the world's largest cryptocurrency exchange by trading volume, found itself facing an unexpected predicament. The platform was running dangerously low on Tether (USDT), the most widely traded stablecoin on the crypto market.

Stablecoins, the cryptos that are pegged to other assets or currencies, do not change their value depending on market volatility. Hence, it can be considered a safe haven and can also be used to trade with other cryptos.

Binance.US has indefinitely suspended its over the counter trading platform following an SEC lawsuit into its global counterpart Binance, which has rocked the crypto world over the past three days.

In the wake of a regulatory clampdown on crypto companies in the United States, Bitfinex and Tether (CRYPTO: USDT) CTO Paolo Ardoino believes that entities in the industry should rather focus on emerging markets than the U.S. and Europe. In an interview with Benzinga, Ardoino also affirmed his and his companies' allegiance to Bitcoin (CRYPTO: BTC).

Binance's arm in the United States suspended its OTC trading platform and reduced the number of supported convert trading pairs.

Paolo Ardoino, the chief technology officer of Bitfinex and Tether (CRYPTO: USDT), hinted at a potential escalation in regulatory scrutiny aimed at decentralized exchanges (DEXs), even as the U.S. Securities and Exchange Commission already initiated legal action against centralized exchanges such as Coinbase Global Inc (NASDAQ: COIN) and Binance (CRYPTO: BNB). Ardoino expressed his perspective in an interview with Benzinga on an array of topics including the future expansion of Bitfinex and Tether, their focus on emerging markets and commitment to Bitcoin (CRYPTO: BTC).

Major exchanges have been broadsided by the SEC, including Binance and Coinbase just recently. Is Tether going to be the next port of call for the SEC?

A remarkable partnership between El Salvador, the global trendsetter in Bitcoin adoption, and Tether, a leading stablecoin issuer, is set to make substantial investments in the renewable energy sector. This collaboration aims to propel a proposed $1 billion project focused on harnessing green energy.

Tether, the company operating the fintech platform tether.to that powers the first and most “widely used” stablecoin in the world, announced it “has participated in the first round of a new billion dollar renewable energy initiative in El Salvador.

With the SEC suing Binance for improper use of customers' funds, the latest credibility crisis imposes a dark cloud over cryptos.

SEC takes legal action against Binance, accusing the cryptocurrency exchange of violating US securities laws.

The US Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, the cryptocurrency exchange, in which it alleges serious wrongdoing and legal violations.