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Gradwell's appointment at Tether could enhance regulatory engagement and solidify USDT's role in global finance, supporting dollar hegemony. The post Tether hires ex-Chainalysis economist Philip Gradwell as head of economics appeared first on Crypto Briefing.
Tether announced the appointment of Philip Gradwell, formerly from Chainalysis, as the stablecoin issuer's Head of Economics.
Gradwell will be responsible for quantifying the Tether economy to regulators.
Tether's USDT market share declines from 82% to 74% in 2024. The decline comes amidst a surge in USDC trading volume.
Tether has reportedly frozen a Tron (TRX) wallet containing more than 28 million USDT tokens suspected to be proceeds of criminal activities, including money laundering and fraud.
Stablecoin issuer Tether froze 29.62 million USDT tokens on July 13. These tokens were linked to criminal activities involving the Cambodian Huione Group.
Tether's USDT stablecoin's market share on centralized exchanges (CEXs) has decreased from 82% to 74% in 2024. This decline in dominance highlights the growing competition in the stablecoin market and the potential regulatory challenges facing Tether.
USDT market share on CEXs dropped from 82% to 74% in 2024.
EU regulations may be starting to show in the shift of balance between Tether's USDT and Circle's USDC.
Tether USDT redemptions will end on Omni, Kusama, SLP, EOS, and Algorand blockchains by September 1, 2025.
In a follow-up of Tether's decision to stop issuing USDT on Algorand, EOS, Omni, and Kusama, the stablecoin giant revealed a crucial update today, July 11. As a broader approach to facilitate a robust and innovative blockchain ecosystem for USDT and EURT, the firm spotlighted its next steps in discontinuing support for the mentioned stablecoins
The stablecoin issuer Tether has revealed the timetable for sunsetting its support for USDT and EURT on multiple blockchain networks.
By announcing ahead of time, Binance hopes that it has given users the needed opportunity to adjust their positions and trading strategies accordingly.
Tether announces it will discontinue support for Omni, Kusama, SLP, EOS, and Algorand blockchains by September 2025, prioritizing community preferences and security.
Elliptic researchers highlighted the involvement of Tether's USDT stablecoin in billions' worth of illicit trades on the Huione Guarantee marketplace.
Binance, a major player in the digital asset exchange market, has revealed plans to remove several important Bitcoin (BTC) and Tether (USDT) margin pairs from its platform. This decision mainly affects pairs involving TrueUSD (TUSD).
Cryptocurrency use in Argentina skyrockets amid a paralysing 276% inflation.
This development addresses the longstanding challenges associated with transferring USDT between different chains. It has often been slow, expensive, and reliant on wrapped tokens that introduce additional risks.
USDT Stablecoin issuer Tether, is bringing blockchain and crypto education to Vietnam, through a strategic partnership announced Tuesday.
Argentinians are increasingly hoarding USDT in a bid to safeguard the value of their savings and fight hyperinflation, a new report has claimed.
Tether Operations Limited has announced its collaboration with the Vietnam Blockchain Association (VBA), which is meant to push blockchain and digital assets education in Vietnam. The collaboration seeks to enhance broader awareness of blockchain technologies in the country.
With more volatility potentially on the horizon, investors will need to adopt a vigilant stance with cryptos this week.
Tether and the Vietnam Blockchain Association announce a strategic collaboration to enhance blockchain and AI education in Vietnam through conferences and workshops.
Traders have exchanged USDT for over 55 billion dollars.
