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Tether's market cap surges post-SVB collapse, driven by liquidity and accessibility, says ITB's Vincent Maliepaard.

Paolo Ardoino, CEO of USDT issuer Tether and CTO of BitFinex, made an unexpected statement on X with some interesting thoughts on Bitcoin (BTC). Ardoino described Bitcoin as an option against human finance.

Bitcoin's recent market activity has been a rollercoaster ride, with the cryptocurrency currently experiencing a bearish phase. After last week's impressive gains, Bitcoin's price has retreated, dropping 6% from its recent highs and approximately 12% from its all-time peak.

Indian cryptocurrency exchange Wazirx has answered important questions from its users about the recent cyberattack. The platform explained its socialized loss strategy and the options users have to recover their assets. Additionally, users inquired about asset valuation and token conversion to USDT.

Cantor Fitzgerald's CEO emotionally defended Tether against accusations that terror group Hamas has used the stablecoin in his Bitcoin 2024 address.

Tether announced on July 27 that it had teamed up with TokenPocket to support USDT on TON. According to Tether, this integration enhanced the functionality of USDT in the TON ecosystem.

TL;DR Tether has integrated USDT into the multi-chain wallet TokenPocket, expanding its use on the Telegram Open Network (TON) blockchain. The integration allows TokenPocket users to perform transactions with TON-based USDT, enhancing the stablecoin's functionality within the Telegram ecosystem. TokenPocket provides users with diverse options for managing assets through stablecoins.

Tether chief executive Paolo Ardoino is alarmed that Europe's MiCA regulations on stablecoins, due to excessive cash reserves requirements, could pose systemic risks to banks.

Paolo Ardoino says that the company has already made more money than he could have ever dreamed. Now he plans to use the company's balance sheet to replicate its success with digital dollars in the fields of data, artificial intelligence and education.

The integration also represents a major achievement for Tether in that it is now more poised to expand the utility of USDT within the TON ecosystem, which has lately been gaining serious attention from crypto enthusiasts and investors alike.

Bitcoin is bearish at press time, fading last week's strong gains. Even though buyers expect prices to recover and break above $69,000, bears have been unyielding, even piercing the upper range of the current consolidation.

The stablecoin economy is experiencing renewed growth. Over the past week, the market capitalization of all stablecoins increased by $1.52 billion. The growth over the past seven days was primarily driven by tether (USDT), the largest stablecoin by market valuation, with its supply expanding by 1.2 billion coins.

Binance Futures launches a promotion for USDⓈ-M Futures Grid users, offering a 30,000 USDT prize pool for utilizing Trailing Up and Trailing Down features.

Tether issued $1 billion in new USDT tokens on the Tron blockchain as stablecoins' total market cap grew.

In the latest Thinking Crypto Podcast, Tony Edward interviewed Markus Infinger, SVP of RippleX, discussing Ripple's upcoming stablecoin, RLUSD, and its potential impact on the crypto market. With RLUSD's introduction, Ripple aims to strengthen its position in the growing stablecoin sector.

Tether's Paolo Ardoino said that even if his company makes less money, added competition across the stablecoin market is a net positive.

In this article, the uses, risks, and other topics of interest related to stablecoin will be explored.

A new post from Tether CEO Paolo Ardoino suggests that Peer-to-Peer Artificial Intelligence (AI) agents that are powered by United States dollar-pegged stablecoin USDT may launch soon. Tether To Revolutionize Operations With AI In his X post, Ardoino talked about P2P AI agents that are powered by USDT and LN Payments.

All stablecoins are equal, but some stablecoins are more equal than others - Basel Committee

Reports have repeatedly suggested that Tether worth billions of dollars has been laundered following pig butchering and sextortion scams — and it's a problem getting worse, not better.

The price of Bitcoin has maintained a recovery trajectory over the last week, gaining by a significant 16.25% to move briefly above the $67,000 price mark. Bitcoin investors are likely hopeful the asset will record more price gains and finally embark on a bull run following the halving event in April.

Bybit maintains strong reserve ratios, with BTC reserves at 107% and USDT at 103%, showcasing its financial stability.

Whale Alert, a platform known for tracking large cryptocurrency transactions, reported Tether's minting of $1 billion USDT from its treasury reserves. This news sent shockwaves through the market, triggering immediate reactions from investors and analysts alike.

This week's Crypto Biz also explores Tether's new hiring, a takeover bid for Cipher, Grayscale new decentralized AI fund, Ether ETFs, and more.