Tether CEO slams federal probe claims: ‘No knowledge of any such investigations'
Tether's USDT recorded $6.47 billion in transaction volume, significantly outpacing USDC's $2.08 billion.
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Tether's USDT recorded $6.47 billion in transaction volume, significantly outpacing USDC's $2.08 billion.
Tether CEO Paolo Ardoino clarified the company's financial reserves following troubling allegations from the Wall Street Journal (WSJ). The article suggested that Tether, the issuer of the popular stable coin USDT, is under investigation by the federal government for potential violations related to sanctions and anti-money laundering regulations.
Explore the key differences and similarities between USDT, USDC, and FDUSD stablecoins, their market impact, and why BNB Chain is the ideal platform for these digital assets.
Bitcoin's open interest just exploded by $1.94 billion today, with its price rallying toward the $70,000 mark. Coinbase has been dumping Bitcoin on the spot market since US markets opened.
The leading stablecoin issuer is comfortable holding its T-bills at a U.S. institution because it respects international sanctions, CEO Ardoino said in an interview.
Bitfinex announces the integration of Tether (USDt) deposits and withdrawals on the Aptos blockchain, enhancing transaction speed and reducing costs for users.
Aptos is one of the trending L1 chains with growth in DeFi lending and DEX activity. Tether chose the chain for its next launch of native USDT.
The crypto market responded on October 25th after The Wall Street Journal (WSJ) released what it referred to as an exclusive article. According to this report, the U.S. federal authorities are still investigating the stablecoin issuer.
Stablecoin giant Tether did not mince words when responding to a bombshell Wall Street Journal article revealing a supposed US government investigation into the cryptocurrency firm. According to a WSJ report citing “people familiar with the matter”, Tether is facing a criminal investigation into possible violations of sanctions and anti-money-laundering rules.
On Friday, the U.S. newspaper “The Wall Street Journal” caused the interruption of the price rally in the crypto market.
TL;DR Tether reveals a diversified reserve of over 82,000 Bitcoin, 48 tonnes of gold, and over $100 billion in U.S. Treasuries. CEO Paolo Ardoino addresses market concerns, denying allegations of anti-money laundering violations and emphasizing regulatory compliance.
Bolivian bank Banco Bisa has introduced a custody service for Tether's USDT stablecoin. The post Bolivian Bank Banco Bisa Launches USDT Custody, Enabling Crypto Transactions appeared first on Cryptonews.
Tether, king of the stablecoin, boasts in Lugano: gold, bitcoins, and bonds in pocket.
The adoption of crypto assets in Bolivia has significantly increased since the country recently lifted the ban on virtual assets.
Bolivia's financial sector took a big step in crypto adoption as Banco Bisa unveiled a new custody service for virtual assets. The bank will allow clients to buy, sell, and transfer USDT safely.
Banco Bisa has unveiled a custody service for the USDT stablecoin, marking a significant step towards the mainstream adoption of cryptocurrencies in Bolivia. This new offering allows clients to securely buy, sell, and transfer USDT, enabling them to hold their assets, make international payments, and send money to family members abroad.
Europe's MiCA framework will enforce new bank reserve requirements for stablecoin issuers, raising concerns about systemic risks and stability.
Tether boosts reserves with 82,000 BTC to enhance USDT stability, potentially impacting Bitcoin's price.
Tether and Coinbase are diving deep into artificial intelligence (AI), each unveiling new tech designed to bring enhanced privacy and onchain autonomy to the blockchain world. Blockchain and AI Tools In separate announcements this week, Tether and Coinbase revealed AI-driven products poised to reshape how developers and users engage with blockchain technology.
Tether's USDT is the world's largest stablecoin, with a market cap nearing $100 billion. However, like many top blockchain projects, Tether has been the subject of many questions and inquiries.
At the Plan ₿ Forum, Tether CEO Paolo Ardoino revealed the company's extensive reserves, including $5.58 billion in Bitcoin, $3.87 billion in gold.
Tether has developed a privacy-focused AI development kit that uses P2P technology to run across various devices without sharing data with third parties
Tether Chief Executive Paolo Ardoino revealed record reserve holdings, including $100 billion of U.S. Treasury securities, more than 82,000 Bitcoins worth about $5.5 billion.
Bolivian bank Banco Bisa has introduced a stablecoin custody service, allowing clients to buy, sell and transfer USDT.