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Financial services company and issuer of USDT stablecoin Tether expects to generate $700 million in profit in the first quarter (Q1) of 2023, ending March 31, CNBC reported Friday.
Telegram announced that it has added a third crypto to its wallet function: the most popular stablecoin Tether (USDT) in its TRC20 version and that is powered by the Tron network.
Tether CTO Paolo Ardoino believes that USDT is becoming the “safest asset to hold in the world” amid the banking crisis.
Stablecoin operator Tether is expected to announce profits of $700 million for the first quarter of the year after publishing its figures for the first time.
Investors have been cautioned by the Securities and Exchange Commission (SEC) regarding the risky nature of investing in crypto asset securities. These investments are highly volatile and speculative in nature, coupled with the lack of investor protections on many platforms, which makes them vulnerable to potential loss.
Users will now be able to send TRC20 to their contacts on Telegram
Quick Take USDT dominance exceeds 60% for the first time since June 2021.
Telegram users are now able to send Tether's USDT stablecoin to each other.
Tether had previously confirmed having no exposure to SVB or Silverbank.
Telegram users can now transfer the world's most popular stablecoin, tether (USDT), through chats.
The USDT announcement made by Telegram, however, did not have an immediate positive rally on the TON price.
The messaging app Telegram has added support for the stablecoin giant USDT on its wallet bot, according to a CoinDesk report. With this integration, users can now buy and sell USDT directly within the app, expanding the app's cryptocurrency capabilities.
Users can now send Tether's TRC20 to Telegram contacts.
A quant has explained using on-chain data that an interesting relationship may exist between the USDT exchange inflows and Bitcoin price. USDT Derivative Exchange Inflows May Be Influencing Bitcoin Price As pointed out by an analyst in a CryptoQuant post, many stablecoins entering into derivative exchanges have recently preceded a rise in the BTC price.
Telegram users can now send each other Tether (CRYPTO: USDT), the world's largest stablecoin by market cap, within chats in the messaging app. What Happened: This service has been added to Telegram's @wallet bot, which expanded the app's capacity for buying and selling crypto, according to a Coindesk report.
According to recent reports, Telegram will be integrating USDT support for its bot wallet. This comes after the platform integrated BTC and TON as it continuously adopts crypto.
Telegram users can now send and receive USDT transactions within chats on the messaging app, CoinDesk reported citing an email from the social network giant.USDT was added to the platform's Wallet marketplace, joining other cryptocurrencies like Bitcoin and Toncoin.The messaging app has been linked with crypto adoption since The Open Network (TON) chain was launched in 2018 by founders Parel Durov and Nikolai Durov. Telegram users can now send and receive USDT transactions within chats on the messaging app, CoinDesk reported on Wednesday citing an email from the social network giant.
Users of Telegram may now send USDT to one another over the platform's chat feature.
USDT has been added to Telegram's @wallet bot, expanding the messaging app's facility for buying and selling crypto.
Global fashion brand Guess will now be able to accept cryptocurrency payments in Bitcoin (BTC) and Tether (USDT) in the Swiss city of Lugano, thanks to a new collaboration.
Paolo Ardoino said that recent events in the crypto space demonstrate that Bitcoiners were right and that Bitcoin is the “ultimate way” to hold wealth.
Due to the recent events surrounding SVB and Circle, the stablecoin market witnessed a lot of volatility over the past few weeks. After the dust settled, Tether [USDT] emerged on top, when compared to other stablecoins.
Head of Binance Changpeng Zhao, widely known in the crypto space as CZ, took to Twitter to offer a reminder that USD-backed stablecoin BUSD, which Binance launched in September 2019, is no longer minted but remains in circulation. It happened at the end of February after Paxos stopped issuing this stablecoin.
On March 21, tether minted $1 billion worth of USDT on the Tron Network. After the publication of the whale warning, it was discovered that 166 million USDT had been moved from the Tether treasury to the Binance exchange.
