Howard Lutnick Softens Stance on Tether Stability, Investment Ties
The Cantor Fitzgerald chair was grilled about prior bullish statements made about Tether during a recent Senate hearing.
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The Cantor Fitzgerald chair was grilled about prior bullish statements made about Tether during a recent Senate hearing.
Kraken announced the phased delisting of USDT and four other stablecoins in the European market to comply with the EU's MiCA regulations.
An independent audit reveals that stablecoin issuer Tether (USDT) had billions of dollars of excess reserves at the end of last year. According to a recent audit by accounting firm BDO Global, Tether has $143.7 billion worth of reserves and about $136.613 billion worth of liabilities, bringing it to a surplus of about $7 billion.
Tether Holdings Limited, the issuer behind the world's largest stablecoin by market capitalization, USDT, has revealed impressive financial results for 2024. The company's Q4 report confirms a landmark year with net profits surpassing $13 billion, further solidifying Tether's dominance in the stablecoin space.
Tether has reported a record-breaking $13 billion in profits for 2024, solidifying its dominance in the stablecoin market.
Paolo Ardoino, CEO of Tether, the stablecoin company, has discussed the company's plans after moving to El Salvador. Ardoino disclosed the construction of a 70-story skyscraper that will be occupied by other tech and crypto companies.
It was another roller-coaster week for the crypto market as the new AI player began to dominant the US market. With the Trump administration pushed pro-crypto policies and laid out some regulatory updates. The global crypto market cap fell 5% to $3.39 trillion, while the fear and greed index stayed neutral at 47.
On Jan 30, 2025 at the inaugural PlanB Forum in El Salvador, Tether announced it is bringing USDT to Bitcoin and the Lightning Network.
Explore Plus Wallet's community-first approach, USDT rewards, and top-tier security. Also, Explore Phantom Wallet's announcement and Bitget Wallet's global success.
Learn how anyone can earn 5% USDT instantly with BlockDAG's updated affiliate program! Meanwhile, the Toncoin price declines & Shiba Inu partnership stirs speculation.
Bitcoin swung wildly thanks to DeepSeek fears, Fed hopes, and Trump tariffs, while Bitcoiners got mad at Ripple over U.S. reserve plans.
Kraken will discontinue support for five stablecoins to comply with Europe's crypto asset regulations.
The crypto industry is evolving at a breakneck pace, with some players managing to establish themselves well beyond their original ecosystem. Tether, the undisputed leader of the stablecoin market, has just released a financial statement that illustrates its rapid ascent.
Kraken will delist Tether's USDT and four other stablecoins in Europe to comply with MiCA regulations, following a phased approach to minimize market disruptions.
Tether Holdings' Q4 2024 report showed the company's dominance of the stablecoin market with yearly net profits exceeding $13 billion. Tether Hits All-Time Highs in U.S. Treasury Holdings Tether Holdings Limited has released its Q4 2024 attestation, confirming record-breaking financial performance with net profits exceeding $13 billion for the year.
Kraken, one of the world's largest crypto exchanges, has announced that it will delist Tether (USDT) and four other stablecoins in the European Economic Area (EEA). Meanwhile, the delisting process will unfold in multiple stages, with automatic conversions of remaining holdings set for March 31, 2025.
Tether has taken a major step in expanding its presence in the cryptocurrency ecosystem by integrating USDT into Bitcoin's core network and Lightning Network.
Crypto exchange Kraken said it will delist five stablecoins, including USDT, for users in the European Economic Area. Describing the move as a difficult decision, Kraken said the changes ultimately ensure its compliance and ability to provide an exceptional trading experience to European clients long term.
The stablecoin market hit a peak record of $224 billion, with USDT and USDC contributing the most to the growth. According to the popular cryptocurrency data aggregator CoinMarketCap, USDC is continuously gaining ground over multiple other stablecoins.
Stablecoin issuer Tether says it made $13 billion in profits during 2024. That “eye-popping” figure — as Bloomberg News put it in a report Friday (Jan. 31) — would put the closely-held company in the same company as Goldman Sachs.
T3 FCU, a group consisting of Tron, Tether, and TRM Labs, helped Spanish authorities freeze $26.4 million used in a crypto money laundering operation.
Tether announced that USDT will be integrated into the Bitcoin ecosystem, including both its base layer and the Lightning Network. Bitcoin's ‘Unmatched' Decentralization Stablecoin issuer Tether announced Jan. 30 that USDT will be integrated into the Bitcoin ecosystem, including both its base layer and the Lightning Network.
Tether reported $7.8 billion in Bitcoin (BTC) holdings in the fourth quarter, which boosted its profits to over $13 billion last year. The company's informed price of $93,812 puts its Bitcoin stash at 83,758 BTC.
The USDT issuer has struggled to maintain dominance in the face of competition from rivals such as Circle and its USDC stablecoin.