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The stablecoin issuing company Tether (USDT) is apparently collaborating with regulators globally.

Although optimism typically rings high for cryptos, participating investors must also recognize broader economic realities.

Tether has frozen a total of 215 USDT addresses on Ethereum in 2022 so far, according to data compiled by ETH researcher Philippe Castonguay.

In what is a major development, the latest figures associated with crypto-declarations have been released by Receita Federal do Brasil (RFB), Brazil's leading tax authority. The numbers reveal that crypto-popularity is on the rise in the South American country.

Stablecoins enjoy the privilege of being one of the most traded types of cryptocurrencies by the virtue of their application. For a long time in recent past, a few major stablecoins enjoyed the pole position in the category.

USDC and USDT — two renowned stablecoins backed by the fiat currency, USD witnessed quite a few tussles over the years to stand at the #1 mark. While the latter still holds the trophy, USDC participated in many ‘highs' to at least try to give a tough fight for the trophy.

The number of companies in Brazil holding cryptoassets hit an all-time high in August, with bitcoin (BTC) and tether (USDT) standing at the top of the adoption list.

Foundation has partnered with GoCrypto and involves McDonald's and more

Two million BNB tokens worth roughly $500 million were transferred to a newly generated wallet to an address that Tether then blacklisted. The post $500M BNB moved to Tether-blacklisted wallet amid rumors of Binance hack appeared first on CryptoSlate.

I love Bitcoin. Having said that, its volatility is extreme and prevents it being anything remotely close to a store of value – for now, at least. I spoke with the CTO of Tether, Paolo Ardoino, on the latest episode of the Invezz podcast.

Based on Its citizens, the Swiss city of Lugano is set to become the newest hotspot for cryptocurrency acceptance in Western Europe, similar to El Salvador's decision to make Bitcoin legal tender.

The American multinational fast food chain McDonald's has started accepting payments in Bitcoin and Tether in Switzerland's city of Lugana, populated by around 63,000 people. The announcement comes in a tweet by Bitcoin magazine on October 3.

The Swiss city of Lugano embraces crypto payments in collaboration with GoCrypto.

These are seven cryptos to watch that savvy investors would be wise to avoid. The hype just may not be able to turn into sustained rallies.

Plan ₿ Foundation, a joint initiative between the Swiss City of Lugano and USDT stablecoin issuer Tether, announced a collaboration with payment facilitator GoCrypto to officially bring bitcoin (BTC), tether (USDT), and LVGA payments to Lugano – enabling citizens to use their wallets at McDonalds and other merchants.

Multinational fast food giant McDonald's accepts Bitcoin and USDT as payment methods in the southern Swiss city of Lugano (Lugano).

American fast food giant McDonald's accepts Bitcoin and USDT as payment methods in the southern Swiss city of Lugano (Lugano).

As part of Lugano, Switzerland's Plan ₿, a joint initiative between the City of Lugano and Tether to accelerate the use of Bitcoin, the city now accepts Bitcoin and USDT at the communities merchants. The service is using GoCrypto to enable crypto payments.

Tether, the firm behind USDT, the largest stablecoin made some key changes to its asset reserves. On 3 October, Chief Technology Officer (CTO) Paolo Ardoino informed the Tether community about the changes to its portfolio.

McDonald's starts accepting BTC and USDT payments in Switzerland. Lugano city's McDonald's to be the first to accept crypto payments.

The multinational fast food chain McDonald's has started accepting Bitcoin payments in the city of Lugano in Switzerland.

Coinspeaker McDonald's to Begin Accepting Bitcoin, USDT in Swiss City of Lugano

In an effort to increase transparency, Tether has recruited a new accounting company to undertake routine audits and attestation reports to guarantee that its stablecoin is appropriately backed by US dollars. As of September 30, 2022, Tether, the company that issues stablecoins, had less than $50 million's worth of commercial paper units in its portfolio.

According to the company's latest portfolio update, Tether has further reduced its commercial paper holdings and increased its treasury bill holdings.  The reduction in the company's commercial debt is in line with the firm's plans outlined earlier in the year.