Keep up with what's happening in the crypto world in real-time.
All Filters (1)
Amidst expectations of a crypto-friendly government after Trump's victory, the cryptocurrency prices are soaring, and so is the demand for stablecoins. Strikingly, the overall value of the digital-assets market has risen by nearly a trillion dollars since the election.
Tether stablecoin EURT will be discontinued, with redemptions to be completed by November 27, 2025.
Tether, issuer of the world's largest stablecoin, said that it will stop supporting the euro-linked EURT stablecoin as part of a “strategic transition to prioritize community-driven blockchain support.” This decision came amid rising regulatory uncertainty in the EU's crypto market with the new MiCA rules.
Tether's shift to MiCA-compliant stablecoins may reshape the stablecoin market, influencing regulatory strategies and innovation in the EU. The post Tether to end EURT support, focusing on MiCA-compliant stablecoins appeared first on Crypto Briefing.
Tether said it will phase out its euro stablecoin, EURT. Users will be able to redeem tokens for up until one year from now.
Tether announces its strategic decision to discontinue EUR₮ support, focusing on launching MiCAR-compliant stablecoins and enhancing community-driven support.
An Ethereum (ETH) competitor has captured a massive share of USDT stablecoin transactions, according to the chief executive of the analytics firm CryptoQuant. Ki Young Ju says on the social media platform X that the value of the USDT hosted on Tron (TRX) is now more than three times the layer-1 blockchain's market cap.
Tether has minted $5 billion in just five days, raising industry concerns about its influence on cryptocurrency markets and political ties, particularly with Cantor Fitzgerald's significant investment and connections to the incoming Trump administration. The post Tether's $5B Mint in 5 Days and Political Links Spark Industry Concerns appeared first on Cryptonews.
The financial services giant Cantor Fitzgerald has reportedly acquired a 5% ownership stake in Tether, the leading stablecoin firm. The Wall Street Journal, citing unnamed business associates of both firms, reports that Cantor values the stake at up to $600 million. Cantor has served as Tether's custodian since 2021.
The reports say the situation is so dire that USDT trades at a discount in Mexico because knowledge that it comes from drug proceeds is widespread.
Ethereum has overtaken Tron as the leading blockchain for Tether (USDT) dominance.
Gibson, Dunn & Crutcher was caught up in a court fight with its client, Swan Bitcoin After the law firm hired a legal representative from a crypto rival, Tether on November 25. Swan claimed that the law firm was engaging in legal malpractice.
The intertwining between stablecoin and politics: the role of Lutnick and the impact on cryptocurrencies
For the first time since August 2022, Ethereum (ETH) hosts a bigger U.S. Dollar Tether (USDT) supply than Tron (TRX). Meanwhile, the aggregated cap of USD-pegged stablecoins targets an all-time high over $200 billion.
Unraveling Tether's complex web of financial maneuvers and its impact on the global crypto market.
Swan Bitcoin filed a malpractice lawsuit against its former legal counsel, Gibson, Dunn & Crutcher, and accused the firm of prioritizing Tether's interests over its own.
Binance introduces BFUSD, a reward-bearing margin asset, offering zero purchase fees and a share of 100,000 USDT in rewards for Futures traders.
The crypto markets are plunging as Bitcoin slashed below $95,000 in the times when the $100K milestone appeared to be extremely evident. Meanwhile, Solana, which smashed a new ATH a few days ago, appeared to have been closely following the star crypto.
Ethereum has reclaimed its position as the leading blockchain for Tether (USDT), surpassing Tron with a supply of $60.3 billion. The post Ethereum Surpasses Tron as Top Blockchain for Tether with $60.3 Billion USDT Supply appeared first on Cryptonews.
Swan Bitcoin sued former employees it alleged got help from Tether, and now accuses its own law firm of malpractice after it picked up the stablecoin issuer as a client.
Tether has minted an impressive $3 billion worth of USDT stablecoins in a recent move that is expected to boost liquidity across cryptocurrency markets. The majority of this issuance, $2 billion, was made on the Ethereum blockchain, while $1 billion was issued on the Tron network.
Customers would be able to borrow money using Bitcoin as collateral. Wall Street's and the crypto industry's mutually beneficial connection has grown stronger.
Ethereum reclaimed the top position against Tron on Nov. 21, and the gap has only widened since.
Cantor Fitzgerald is reportedly seeking support for its planned $2 billion bitcoin lending project from Tether. The firms are discussing expanding their existing collaboration to include this planned program in which Cantor Fitzgerald would lend dollars to clients who put up bitcoin for collateral, Bloomberg reported Sunday (Nov. 24).
