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Paolo Ardoino, the chief executive officer at Tether stablecoin issuer and chief technology officer at the major Bitfinex crypto exchange, has published a tweet in which he shared his concerns regarding the recent arrest of Telegram and TON founder Pavel Durov.
El Salvador's President Nayib Bukele and Tether's CEO Paolo Ardoino are urging people to relocate to El Salvador. They cite the country's commitment to freedom of speech and welcoming stance towards the crypto industry.
Tether assists U.S. DOJ in seizing $5 million USDT from a "pig butchering" crypto investment scam
Tether has given up on building and deploying its own blockchain network. USDT finds significant usage on existing chains, leaving the company satisfied with how its stablecoin is utilized.
The U.S. Department of Justice (DOJ) says stablecoin issuer Tether has helped authorities recover funds stolen for victims of a prevalent crypto investment scam.
Tether recently assisted the US DoJ in recovering close to $5 million worth of USDT lost in a romance scam.
Tether just helped claw back over $100 million in USDT linked to scams. The U.S. Department of Justice (DOJ) confirmed the stablecoin issuer's role in helping law enforcement seize nearly $5 million in stolen USDT.
The world's largest stablecoin issuer, Tether, minted an additional $1 billion worth of USDT on the Tron network. The mint occurred due to the rising demand for stablecoins in the crypto arena.
Tether aids the U.S. Department of Justice in seizing $5 million in USDT from a fraudulent scheme, reinforcing its commitment to combating illicit activities.
Since 2014, Tether law enforcement support has been strongly boosted by recovering more than $108.8 million in USDT linked to illegal activities.
The most recent seizure of $5 million USDT from pig-butchering scams marks a "significant victory" in the ongoing fight against cyber fraud, according to Tether.
The most recent seizure of $5 million USDT from pig-butchering scams marks a "significant victory" in the ongoing fight against cyber fraud, according to Tether.
The most recent seizure of $5 million USDT from pig-butchering scams marks a “significant victory” in the ongoing fight against cyber fraud, according to Tether.
Amid speculation that Tether, issuer of the largest stablecoin in the crypto market USDT, could launch its blockchain, the company's CEO, Paolo Ardoino, has addressed the rumors with key details.
The firm's CEO emphasized the firm's focus on enhancing accessibility on existing “transport layers.”
Tether is launching a new stablecoin pegged to the UAE Dirham (AED), fully supported by UAE-based reserves.
Tether Holdings, the issuer of the world's leading stablecoin USDT, has decided not to launch its own blockchain. Paolo Ardoino, the CEO of Tether, talked about this decision, citing an overly saturated market.
Authorities successfully traced and recovered $5 million in Tether. The ‘pig butchering' scam's complexity underscores the need for increased public awareness.
Over the past five days, the stablecoin market has continued its upward trend, increasing by $1.3 billion in value. The largest stablecoin network by market capitalization, tether (USDT), experienced an expansion of 820 million in supply during this period. Tether's Supply Swells by 820M Amid $1.
To date, Tether has added support for USDT, the largest stablecoin with a market capitalization of over $117 billion, to numerous blockchain protocols, including Ethereum's ERC-20, Binance Smart Chain (BSC), and Tron (TRC-20), among others.
TL;DR Tether decides not to launch its own blockchain. Paolo Ardoino considers that the blockchain market is saturated. Tether continues to expand its offering with new USDT releases. Tether Holdings, the largest stablecoin issuer by market capitalization, has decided not to launch its own blockchain.
Earlier, there were reports that Tether was planning to launch a blockchain. Those reports were received well by the crypto community. Some even termed the plan as revolutionary. But, a recent statement made by Tether CEO indicated that the organisation now has a different thought.
Tether's decision to avoid launching its blockchain stems from the crowded market and strategic alignment with existing platforms.
Tether Holdings has reportedly nixed plans of launching its own blockchain, with CEO Paolo Ardoino calling it, “not the right move.” In an interview, Ardoino said that good blockchains currently exist, suggesting that the market might be saturated.
