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Tether aids the U.S. Department of Justice in seizing $5 million in USDT from a fraudulent scheme, reinforcing its commitment to combating illicit activities.
Since 2014, Tether law enforcement support has been strongly boosted by recovering more than $108.8 million in USDT linked to illegal activities.
The most recent seizure of $5 million USDT from pig-butchering scams marks a "significant victory" in the ongoing fight against cyber fraud, according to Tether.
The most recent seizure of $5 million USDT from pig-butchering scams marks a "significant victory" in the ongoing fight against cyber fraud, according to Tether.
The most recent seizure of $5 million USDT from pig-butchering scams marks a “significant victory” in the ongoing fight against cyber fraud, according to Tether.
Amid speculation that Tether, issuer of the largest stablecoin in the crypto market USDT, could launch its blockchain, the company's CEO, Paolo Ardoino, has addressed the rumors with key details.
The firm's CEO emphasized the firm's focus on enhancing accessibility on existing “transport layers.”
Tether is launching a new stablecoin pegged to the UAE Dirham (AED), fully supported by UAE-based reserves.
Tether Holdings, the issuer of the world's leading stablecoin USDT, has decided not to launch its own blockchain. Paolo Ardoino, the CEO of Tether, talked about this decision, citing an overly saturated market.
Authorities successfully traced and recovered $5 million in Tether. The ‘pig butchering' scam's complexity underscores the need for increased public awareness.
Over the past five days, the stablecoin market has continued its upward trend, increasing by $1.3 billion in value. The largest stablecoin network by market capitalization, tether (USDT), experienced an expansion of 820 million in supply during this period. Tether's Supply Swells by 820M Amid $1.
To date, Tether has added support for USDT, the largest stablecoin with a market capitalization of over $117 billion, to numerous blockchain protocols, including Ethereum's ERC-20, Binance Smart Chain (BSC), and Tron (TRC-20), among others.
TL;DR Tether decides not to launch its own blockchain. Paolo Ardoino considers that the blockchain market is saturated. Tether continues to expand its offering with new USDT releases. Tether Holdings, the largest stablecoin issuer by market capitalization, has decided not to launch its own blockchain.
Earlier, there were reports that Tether was planning to launch a blockchain. Those reports were received well by the crypto community. Some even termed the plan as revolutionary. But, a recent statement made by Tether CEO indicated that the organisation now has a different thought.
Tether's decision to avoid launching its blockchain stems from the crowded market and strategic alignment with existing platforms.
Tether Holdings has reportedly nixed plans of launching its own blockchain, with CEO Paolo Ardoino calling it, “not the right move.” In an interview, Ardoino said that good blockchains currently exist, suggesting that the market might be saturated.
U.S. authorities have seized almost $5 million worth of Tether allegedly associated with “pig butchering” scams.
Tether CEO Paolo Ardoino decided against launching the company's own blockchain because of the availability of already strong existing blockchains.
Tether Holdings, the issuer of the world's largest stablecoin USDT, has decided to scrap plans to launch its own blockchain.
Cryptocurrency prices bounced this week after much weekend and Monday volatility. Bitcoin gained 3.6% to trade at $60,461 at the time of writing, while Ether bounced to trade at around $2,600.
Tether (USDT) the world's largest stablecoin issuer announced plans to launch a new Dirham-pegged stablecoin in collaboration with UAE resident companies.
Tether is set to pioneer a new Dirham-pegged stablecoin, marking a significant step into the UAE's dynamic financial market.
Tether, the major stablecoin issuer, has announced plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED). This initiative, in collaboration with the UAE-based Phoenix Group, aims to provide a secure and efficient means of transacting in AED, catering to both businesses and individuals.
Michael Saylor, the founder and former CEO of MicroStrategy, has once again made headlines with his bullish stance on Bitcoin. In a tweet that quickly went viral, Saylor declared, “By my calculations, Bitcoin [BTC] is going up forever.
