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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.
Tether, the issuer of the leading stablecoin USDT, is one of the most profitable companies in the crypto industry. Tether is also the 18th largest holder of US Treasury bonds, surpassing three significant economies in Q3 2024.
Tether Holdings Limited (BVI), the issuer of the stablecoin USDT, has announced strong Q3 2024 financial results, driven by a combination of investment gains and rising demand for its digital dollar.
Aptos partners with SK Telecom to integrate Tether's USDT into T Wallet, enhancing global access to stablecoins and digital finance.
Tether reported $2.5 billion in Q3 2024 profits, mainly from Treasury yields and gold appreciation, while maintaining over $125 billion in reserves against $119.4 billion in liabilities.
Tether reported several all-time-highs in its third quarter of 2024 report, including the company's total assets, group equity and cumulative profit. According to a Q3 report published on Oct. 31, the stablecoin issuer's net profit reached $2.
Tether Holdings, the company that issues the largest stablecoin USDT, reported net profit of $2.5 billion in the third quarter of the year, bringing year-to-date profit to $7.7 billion. The company also said it has over $6 billion in excess reserves.
Tether, the company that manages the USDt stablecoin, has bought 7,100 bitcoin during the third quarter according to a statement.
Stablecoin giant Tether has announced record profits of $2.5 billion for the third quarter of 2024, taking its year-to-date earnings to an astonishing $7.7 billion.
A reserve buffer of over 6 billion dollars and significant strategic investments mark a new era of stability and growth for Tether.
Aptos Foundation has teamed up with SK Telecom to bring Tether's USDT stablecoin to T wallet.
Tether's Q3 2024 report reveals $7.7 billion nine-month profits, $102.5 billion U.S. Treasury holdings, and a $6 billion reserve buffer, highlighting its financial strength.
Tether on Thursday reported $2.5b Q3 net profit, pushing its 2024 earnings to $7.7b and USDT circulation to nearly $120b. The post Tether Reports Strong Q3 with $2.5B Profit, US Treasury Holdings Top $100B appeared first on Cryptonews.
Tether reported substantial profits in Q3 2024, with a net profit of $2.5 billion.
