Latest News

BTCC entices crypto traders into a global competition with a prize pool of 10 million USDT.

The innovative collaboration for better surveillance of digital assets.

Stablecoin issuer Tether has announced a partnership with blockchain forensics firm Chainalysis to develop a tool for monitoring secondary market activity.

Kaiko Analytics, a market intelligence platform, has released a report indicating a decline in Tether's (USDT) stablecoin dominance due to the emergence of new competitors.

Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels, reporting $11.37 billion as of March 31, 2024. Tether issued over $12.5 billion USDT during this period.

The driving force behind this monumental profit is a strategic blend of astute investments in Bitcoin and gold, yielding a whopping $3.52 billion in financial gains. Additionally, the company raked in another $1 billion from operational profits, further solidifying its position as a leader in the burgeoning digital currency realm.

The world's largest stablecoin, Tether, has stepped up monitoring of how its tokens are used in broader crypto markets and payments in a bid to combat illicit finance, Tether said in a statement on Thursday.

Tether, the issuer of the stablecoin USDT, has entered into a partnership with blockchain data platform Chainalysis. This partnership is meant to strengthen the surveillance of transactions with Tether tokens, with special emphasis on the detection and diminishing of dangers that are related to illegal activities and sanctions violations.

Tether Holdings Limited (BVI) released its assurance opinion for the first quarter of 2024, conducted by BDO, a leading global independent accounting firm.

Top stablecoin issuer Tether will be working with Chainalysis in an effort to boost compliance and monitoring of any potential illicit activity. Over the years, Tether has been hit with claims of shoddy operations, and the company has worked to alleviate those concerns.

Tether partners with blockchain analytics firm Chainalysis to monitor USDT transactions and detect illicit crypto transfers that could enable sanctions evasion. The post Tether and Chainalysis roll out USDT monitoring solution to counter illicit transactions appeared first on Crypto Briefing.

The blockchain analytics firm will provide tools to spot sanctioned and illicit activity and provide market information.

The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said.

Stablecoin leader Tether's Q1 earnings soar to $4.52 billion, buoyed by US Treasury and Bitcoin.

Tether reported a record-shattering $4.52 billion profit in the first quarter of 2024, driven by gains in its U.S. Treasury holdings, Bitcoin, and gold reserves

Tether announced a record-breaking $4.52 billion net profit in Q1 2024, along with its highest treasury bill ownership percentage ever, totaling $11.37 billion in group equity.

Record profits for the group, which now deals with more than just stablecoin.

Tether Holdings, the issuer of the leading stablecoin by market capitalization, Tether (USDT), has announced a record-breaking net profit of $4.52 billion in the first quarter of 2024.

Market intelligence platform Kaiko Analytics reports that new competitors are chipping away at Tether's (USDT) stablecoin dominance.

Stablecoin issuer Tether, a prominent player in the cryptocurrency market behind the widely used USDT stablecoin, has released its audit statement for the first quarter of 2024, accompanied by a report conducted by independent accounting firm BDO. The report, which provides additional financial information beyond the reserves backing Tether's fiat-denominated stablecoins, shows the company's profit for the first quarter of the year, which saw an increased influx of capital into the market.

Tether's record-breaking Q1 earnings and increased U.S. Treasury holdings, and their impact on USDT and the broader cryptocurrency landscape.

Stablecoin issuer Tether (USDT) achieved a historic net profit of $4.52 billion in the first quarter despite facing a significant drop in market share. Record net profit According to the attestation report shared with CryptoSlate, the firm's substantial profits chiefly originated from its US Treasury holdings, supplemented by gains from its Bitcoin and gold investments.

Tether, the entity behind the leading stablecoin USDT, reported a record net profit of $4.52 billion for the first quarter of 2024. It was primarily driven by gains from its substantial US Treasury holdings.

April volumes shrank slightly as FDUSD and USDe had their best months ever, a sign the market is primed to grow more.