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Tether's USDT, the number one stablecoin by market cap, is growing as part of the TON ecosystem. According to the TON team, the stablecoin reached a milestone recently, registering authorized issuance numbers exceeding $1 billion. However, TON clarified that only $720.6 million was in circulation, while $309.3 million were authorized but unissued.
Tether's USDT stablecoin now controls more than 75% of the stablecoin market, marking a substantial increase from 55% in 2022, according to data released on Sept. 16. The growth reflects the increasing demand for USDT as a trusted intermediary between fiat currencies and digital assets.
TL;DR Tether, the issuer of USDT, has increased its share of the stablecoin market to 75% over the past two years, according to Token Terminal. The company generated approximately $400 million in revenue over the last 30 days, following a record first quarter in 2024 with earnings exceeding $4.5 billion.
Tether now has 75% percent of the market share, which has increased from 50% within the past two years. In the past 30 days, the estimated revenue of Tether is $400 million.
The world's largest stablecoin issuer generated around $400 million worth of revenue during the past 30 days.
Bitcoin (BTC) price correction that began on September 14 could end soon, triggering another reversal rally. One of the main reasons for this short-term pivot is the highly anticipated US Fed rate cut decision on September 18.
Blockchain explorer Whale Alert flagged a USDT mint worth $1billion on the Ethereum network on 16th September at Tether treasury. Tether ‘s CEO Paolo Ardoino clarified that the mint was an authorized transaction and the minted tokens have not been issued.
TRON DAO, the decentralized organization behind the TRON blockchain, announced that the newly formed T3 Financial Crime Unit (T3 FCU) task force has already frozen over $12 million in USDT linked to illicit activities. In a Sept.
Justin Bons, founder of Cyber Capital, has harshly criticized Tether, calling it a major threat to the cryptocurrency industry and labeling it a $118 billion scam, even greater than the scandals of FTX and Bernie Madoff.
A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible property in legal disputes.
Cyber Capital founder Justin Bons has called out Tether for lacking a formal audit and fabricating documents.
Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has slowed, the stablecoin market keeps inching upward every week. On Sept.
The Toncoin price plunged 4.6% in the last 48 hours, currently trading at $5.63. This weekend's pullback will likely assist buyers in recuperating the bullish momentum as Bitcoin obtains a firm foot above $60000.
A consumer watchdog has warned about the lack of transparency Tether exhibits in confirming the reserves backing its stablecoin and it ignoring the amount of crime USDT facilitates.
Cyber Capital founder takes a jab at USDT issuer Tether with serious allegations.
England's High Court of Justice has ruled that Tether's USDT stablecoin qualifies as property under English law. This landmark decision not only marks a pivotal moment for cryptocurrency regulation in the UK but also sets a precedent for how digital assets will be handled in legal contexts.
Growing USDT supply on Toncoin has had quite an impact.
The England High Court of Justice recently ruled that Tether's stablecoin USDT is a property. Crypto commentator GS has highlighted what this means for the stablecoin going forward, including how it could lead to increased adoption.
In an explosive thread on X, Cyber Capital founder Justin Bons accused Tether of being the largest fraud in crypto history. He believes that the stablecoin issuer's alleged scandal has surpassed the scandals of both FTX and Bernie Madoff.
Tether and three other stablecoin issuers have reportedly blacklisted multimillion-dollar wallets tied to the Lazarus Group.
Stablecoin issuers Tether and Circle have blacklisted addresses belonging to the North Korean hacker group Lazarus Group. Onchain sleuth ZachXBT made this revelation while providing a report on how much has been recovered from the hackers as part of an ongoing investigation.
Tether appoints Jesse Spiro as Head of Government Affairs to strengthen regulatory relations amid U.S. scrutiny, leveraging his PayPal and Chainalysis experience.
A landmark decision that could shape the future of cryptocurrency regulation, the United Kingdom High Court has ruled that Tether (USDT), one of the world's leading stablecoins, qualifies as property under English law. This ruling marks the first time an English court has addressed the status of cryptocurrency in a post-trial setting, setting a precedent for how digital assets are treated in the legal system.
Tether is working to improve its relations with regulators following the recognition of its USDT stablecoin as property in the UK. On Sept. 13, Tether announced that it hired Jesse Spiro to spearhead its global engagement efforts with lawmakers, regulators, and key stakeholders.
