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Toncoin (TON) has seen its USDT holdings surpass the $1 billion mark following an astounding 670% surge in just six months. This achievement places the Telegram-linked blockchain among the top ten networks in terms of stablecoin dominance, just below Ethereum's Optimism.
Tether is not planning to build an official blockchain at this time, as "neutrality is very important." The post Tether Drops Plan To Build an Official Blockchain As of Now: CEO appeared first on Cryptonews.
TON's exceptional stablecoin growth hasn't stirred its price chart performance. Not yet.
Tether CEO Paolo Ardoino shut down rumors of a Tether blockchain, declaring, “Tether is not planning to build an official blockchain at this time.” Instead, Tether backs the integration of its stablecoin, USDT, on various networks to support decentralized use cases, like gas fees, on independent Layer 2 (L2) solutions.
The world's largest stablecoin by market cap is reportedly potentially seeing a rise in adoption amongst sanctioned nations.
Thai authorities have arrested six police officers and one civilian for using a fake warrant to stage an arrest and extort 165,000 USDT from an expat. The victim, a Chinese-Vanuatu national, filed a complaint along with his wife and other family members at a Bang Sue police station.
Tether's latest USDT minting spree is reshaping crypto dynamics, boosting liquidity and market confidence.
The TON Network is evolving at a very fast pace, with enablement from Tether (USDT). The duo inked their partnership in April this year, charting a positive bullish growth curve from that time to date.
Thai investigators arrest six police officers for their alleged role in a $10 million USDT extortion case.
Tether's Q3 net profit of $2.5 billion underscores its dominance, showcasing the stablecoin's growing appeal and financial resilience.
Tether Limited has announced a remarkable net profit of $2.5 billion for the third quarter, bringing its total profits for the year to a record-setting $7.7 billion.
On Thursday, Tether (USDT), the world's largest stablecoin issuer, released its third-quarter (Q3) assurance opinion report, revealing substantial financial results amid the broader market recovery led by Bitcoin (BTC). Total Tether Assets Reach All-Time High Conducted by accounting firm BDO, the report highlights Tether's growth, with a net profit of $2.5 billion for Q3, contributing to a consolidated profit of $7.7 billion for the first nine months of 2024.
Thai police arrested seven individuals, including six officers, for allegedly staging a fake arrest and extorting 165,000 USDT from a Chinese-Vanuatu citizen. Fraudulent Legal Threats Thai police recently arrested six police officers and one civilian after a Chinese-Vanuatu citizen filed a complaint accusing them of staging a fake arrest and extorting 165,000 USDT.
Tether Treasury has minted an impressive $1 billion USDT on the Tron network in the past 12 hours. This action aligns with Tether's ongoing commitment to maintaining a robust supply of its stablecoin across major exchanges and blockchains, particularly during a bullish market phase.
Stablecoin giant Tether Holdings Ltd is expanding its reach on the TON Network and the Middle East. As disclosed recently at the TON Gateway event in Dubai, Tether's Senior Strategic Partnership Manager Alessandro Giori confirmed the Dirham-backed USDT will go live on the protocol.
With consolidated assets of over $134 billion, Tether's Q3 attestation confirms strong financial standing despite incoming FUD.
This time, Tether is working to launch a stablecoin tied to the United Arab Emirates dirham (AED). The new dirham-pegged stablecoin will be built on The Open Network (TON), a blockchain known for its speed and efficiency.
TL;DR Tether has seen a surge in usage across EMEA time zones amid growing attention from US regulators. Increased adoption of USDT has been seen in sanctioned countries such as Russia and Iran, facilitating transactions amid banking restrictions.
Tether is launching its Dirham-pegged stablecoin on TON Blockchain, according to Alessandro Giori, senior strategic partnership manager at Tether. The post Tether to Launch Its Dirham-Pegged Stablecoin on TON Blockchain appeared first on Cryptonews.
This week, BeInCrypto noted strong investor interest in key events: Bitcoin ETFs crossing the 1 million BTC mark, insider trading allegations involving MrBeast, and suspected manipulation on Polymarket related to Trump.
Tether (USDT) is still widely used globally, with a focus on developing markets. The activity in the EMEA region raises concerns about terrorism financing, scams, and circumventing controls and sanctions.
Tether's third-quarter attestation for 2024, led by auditor BDO, highlights record profit levels, reserve expansion, and substantial U.S. Treasury holdings. Tether's Q3 Performance Ranks Among Top U.S. Treasury Holders In its latest attestation, Tether Holdings Limited reports a third-quarter net profit of $2.5 billion, pushing its nine-month consolidated profit to $7.7 billion.
Tether's senior strategic partnership manager, Alessandro Giori, said that TON is the fastest blockchain to reach 1 billion USDT since its launch.
TL;DR Tether reports a record-breaking $2.5 billion profit for Q3 2024, bringing its cumulative profit for the year to $7.7 billion, driven by growing demand for stablecoins. The circulating supply of USDT reaches an all-time high of nearly $120 billion, a 30% increase in 2024, underscoring Tether's dominant position in the stablecoin market.
