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The proposed Dirham-pegged token will join Tether's existing lineup of stablecoins, which includes those pegged to the US Dollar and Euro.

Tether plans to launch a stablecoin pegged to the UAE dirham, in collaboration with Phoenix Group and Green Acorn Investments.

Tether's Dirham-pegged stablecoin could enhance UAE's digital economy, streamline international trade, and reduce transaction costs. The post Tether introduces UAE Dirham-pegged stablecoin appeared first on Crypto Briefing.

Tether plans to seek licensing for the stablecoin under the U.A.E. Central Bank's Payment Token Services Regulation.

Tether teams up with UAE's Phoenix Group PLC and Green Acorn Investments to launch a Dirham-backed stablecoin, enhancing international trade and remittances.

Michael Saylor's tweet suggests Bitcoin's upcoming endless rise as Tether Treasury mints 1 billion USDT.

Tether has minted $1 billion USDT on the Tron network, part of a broader effort to manage liquidity and meet the growing demand for stablecoins.

Blockchain data revealed that Tether's latest operation involved the creation of $1 billion in USDT tokens on Tron, which were subsequently transferred to the Tether Treasury wallet. This news was highlighted by Look on chain, an on-chain analytics platform that tracks such movements.

Just as USDT reigns supreme among stablecoins, Bitcoin dominates the broader crypto landscape.

On August 21, leading stablecoin issuer Tether announced the launch of a stablecoin pegged to the United Arab Emirates dirham (AED). This innovative move is part of a strategic partnership with two prominent UAE-based companies, Phoenix Group PLC and Green Acorn Investments Ltd.

Blockchain data shows that stablecoin issuer Tether has minted over $33 billion in USDT over the last year. According to blockchain tracking firm Lookonchain, $33 billion in USDT has been minted on the Tron (TRX) and Ethereum (ETH) blockchains.

The total amount of USDT tokens minted in the last year by Tether has reached $33 billion. Tether may also mint USDT in advance of its formal issuance in order to have a steady supply.

Tether, the issuer of USDT, the largest dollar-pegged stablecoin in the crypto market, has announced the launch of its star product on Aptos, a scalable and rapid blockchain.

Tether, the issuer of the most capitalized stablecoin, minted $1 billion USDT tokens on Tron today, adding to a stockpile of prints this month.

TL;DR Tether issues $1 billion in USDT on Tron. Over the past year, Tether has issued $33 billion worth of USDT, spread across Tron and Ethereum. Tron issuance is in response to high demand and maintenance of USDT inventory.

The rise of Tron: dominance in the stablecoin market

Stablecoin issuer Tether has minted an additional USDT on the Tron network.

Stablecoin issuer Tether has minted another $1 billion worth of USDT tokens on the TRON blockchain, potentially boosting its market capitalization to $117 billion.

The crypto market has been facing a tough time, with altcoins experiencing a major drop. Since early March 2024, the total market value of altcoins has plunged from around $1.27 trillion to about $898 billion.

Tether mints $1 billion USDT on Tron, pushing its total tokens minted in the last year to 33 billion.

Tether has introduced USDT on the Aptos blockchain, aiming to reduce transaction costs significantly.

The largest stablecoin issuer, Tether, made headlines again by minting an additional $1 billion worth of USDT tokens on the TRON blockchain.

The firm behind the largest US dollar-pegged stablecoin by market cap will soon be launching on another layer-1 blockchain. According to a new announcement from Tether, USDT will soon be available on Aptos (APT), a high-speed Ethereum (ETH) rival blockchain built for scalability.

Tether has set up USDT on Aptos Blockchain to leverage its speed and scalability. The integration offers extremely reduced gas fees, making transactions cost-effective.