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The stablecoin issuer will still be tiny in terms of staff compared to other tech and crypto companies.

Stablecoin issuer Tether is seeking to expand its compliance and financial reach by doubling-up its workforce by mid-2025. CEO Paolo Ardoino says Tether Holdings will soon reach a headcount of 200 senior staff, which currency has 100 employees.

Tether Holdings workforce is expected to grow to around 200 employees by mid-2025 with a focus on compliance and finance.

PeckShield, a blockchain security firm, reported on X that the decentralized finance platform Nexera had suffered a loss of 47 million NXRA tokens, valued at approximately $1.76 million. The hacker has already exchanged 14.7 million NXRA tokens for around $450,000 in USDT.

With the global crypto market cap has risen by 4.66% to $2.03 trillion, although the total trading volume has decreased by 39.85% to $99.79 billion. Big investors have begun to put in more money, and there have been large transactions with Tether's stablecoin, USDT.

Educational videos, case studies, live conferences with industry leaders, and accessible materials on cryptocurrency payments.

The TRON blockchain is used widely for transfers of Tether (USDT) in trading and retail purposes.

Tether and Xion Global have announced a strategic partnership to enhance blockchain education in South Africa, aiming to improve digital transaction capabilities.

Tether, the most popular stablecoin issuer in the market has set a new record in the sector by generating $5.2 billion profit in the first half of the year 2024.

Memecoin price, a native ecosystem token of Memeland, has witnessed a notable decline in value recently. Over the past week, the MEME has charted a descending trend, suggesting that bears have taken control amidst broader market corrections.

As 2024 progresses, stablecoins are seeing remarkable growth. Their market dominance has climbed to 6.93%, continuing a ten-month trend of increasing value.

In a social media post, Tether CEO Paolo Ardoino has dismissed the idea of allocating a portion of the company's profits to Ethereum, the second-biggest cryptocurrency by market cap.

Tether, the issuer behind the widely recognized USDT stable coin, has unveiled a remarkable financial performance for the first half of 2024. The company's latest attestation report reveals that Tether has secured a record-breaking profit of $5.2 billion, a figure that under scores its significant presence and influence in the global financial landscape.

The stablecoin market has reached a significant milestone, soaring to a two-year high with market capitalization reaching $164 billion. This impressive growth has been driven primarily by Tether (USDT), according to data from IntoTheBlock.

Tether (USDT) has long been the leading stable coin, commanding over 70% of the market share. However, recent developments suggest that USDC is making significant strides, with its market share rising by 37% since the collapse of Silicon Valley Bank (SVB).

Tether just revealed gigantic profits in the first half of 2024, highlighting strong USDT stablecoin utility and demand.

The company's $5.2 billion profit for the first half of 2024 is its best result since its inception.

The integration of USDT for public transport in Argentina could significantly enhance financial inclusion and streamline daily transactions. The post UQUID launches USDT payment for public transport in Argentina appeared first on Crypto Briefing.

The largest stablecoin issuer, Tether, recently disclosed a record net profit for the first half of this year. This is undoubtedly bullish for Bitcoin, considering the company's commitment to accumulating the flagship crypto with some of these profits.

Tether's latest report highlights its impressive US Treasury portfolio, now valued at approximately $97.6 billion. This growth underscores the increasing circulation of Tether stablecoins, which the company asserts are backed 1:1 with liquid US dollar-denominated assets.

Tether holds a massive $97.6 billion in US debt putting it ahead of Germany, the UAE, and Australia.

Binance Pay users can win up to 35 USDT by participating in a new conversion campaign running from August 1 to August 15, 2024.

Tether has again proved its strong financial health as it closed the second quarter with $1.3 billion in net operating profits.

Tether's 7-day growth lags but stablecoin issuer reports record profit.