An Ethereum (ETH) competitor has captured a massive share of USDT stablecoin transactions, according to the chief executive of the analytics firm CryptoQuant. Ki Young Ju says on the social media platform X that the value of the USDT hosted on Tron (TRX) is now more than three times the layer-1 blockchain's market cap.

Tether has minted $5 billion in just five days, raising industry concerns about its influence on cryptocurrency markets and political ties, particularly with Cantor Fitzgerald's significant investment and connections to the incoming Trump administration. The post Tether's $5B Mint in 5 Days and Political Links Spark Industry Concerns appeared first on Cryptonews.

The financial services giant Cantor Fitzgerald has reportedly acquired a 5% ownership stake in Tether, the leading stablecoin firm. The Wall Street Journal, citing unnamed business associates of both firms, reports that Cantor values the stake at up to $600 million. Cantor has served as Tether's custodian since 2021.

The reports say the situation is so dire that USDT trades at a discount in Mexico because knowledge that it comes from drug proceeds is widespread.

Ethereum has overtaken Tron as the leading blockchain for Tether (USDT) dominance.

Gibson, Dunn & Crutcher was caught up in a court fight with its client, Swan Bitcoin After the law firm hired a legal representative from a crypto rival, Tether on November 25. Swan claimed that the law firm was engaging in legal malpractice.

The intertwining between stablecoin and politics: the role of Lutnick and the impact on cryptocurrencies

For the first time since August 2022, Ethereum (ETH) hosts a bigger U.S. Dollar Tether (USDT) supply than Tron (TRX). Meanwhile, the aggregated cap of USD-pegged stablecoins targets an all-time high over $200 billion.

Unraveling Tether's complex web of financial maneuvers and its impact on the global crypto market.

Swan Bitcoin filed a malpractice lawsuit against its former legal counsel, Gibson, Dunn & Crutcher, and accused the firm of prioritizing Tether's interests over its own.

Binance introduces BFUSD, a reward-bearing margin asset, offering zero purchase fees and a share of 100,000 USDT in rewards for Futures traders.

The crypto markets are plunging as Bitcoin slashed below $95,000 in the times when the $100K milestone appeared to be extremely evident. Meanwhile, Solana, which smashed a new ATH a few days ago, appeared to have been closely following the star crypto.

Ethereum has reclaimed its position as the leading blockchain for Tether (USDT), surpassing Tron with a supply of $60.3 billion. The post Ethereum Surpasses Tron as Top Blockchain for Tether with $60.3 Billion USDT Supply appeared first on Cryptonews.

Swan Bitcoin sued former employees it alleged got help from Tether, and now accuses its own law firm of malpractice after it picked up the stablecoin issuer as a client.

Tether has minted an impressive $3 billion worth of USDT stablecoins in a recent move that is expected to boost liquidity across cryptocurrency markets. The majority of this issuance, $2 billion, was made on the Ethereum blockchain, while $1 billion was issued on the Tron network.

Customers would be able to borrow money using Bitcoin as collateral. Wall Street's and the crypto industry's mutually beneficial connection has grown stronger.

Ethereum reclaimed the top position against Tron on Nov. 21, and the gap has only widened since.

Cantor Fitzgerald is reportedly seeking support for its planned $2 billion bitcoin lending project from Tether. The firms are discussing expanding their existing collaboration to include this planned program in which Cantor Fitzgerald would lend dollars to clients who put up bitcoin for collateral, Bloomberg reported Sunday (Nov. 24).

Ethereum's enduring appeal for USDT issuance is also tied to its DeFi dominance and institutional adoption.

Financial services firm, Cantor Fitzgerald, is reportedly discussing receiving support from stablecoin issuer Tether to help fund the project.

Tether's record-high reserves signal strong buying power for Bitcoin, pushing prices near $100K. Learn how stablecoin inflows and bull flag patterns target $125K by 2024.

Tether added $3 billion in USDT tokens to the Ethereum and Tron networks. Lookonchain reports that since November 8th, Tether has minted almost $13 billion USDT.

Tether has minted $3 billion in USDt tokens across Ethereum and Tron as Bitcoin nears $100,000, signaling rising demand amid a historic crypto rally.

MEXC, one of the world's foremost cryptocurrency platforms, has unveiled a major upgrade to its ongoing “Supercar Giveaway” event.

TL;DR Cantor Fitzgerald has acquired a 5% stake in Tether, the issuer of USDT, for $600 million, highlighting its commitment to expanding in the crypto market. Howard Lutnick, Cantor Fitzgerald's CEO, is stepping down to become Commerce Secretary in President-elect Donald Trump's administration, with his son Brandon Lutnick taking over the Tether deal.

The potential collaboration could reshape crypto lending, blending Wall Street power with blockchain technology.

Wall Street firm Cantor Fitzgerald has acquired a 5% stake in Tether for up to $600 million while launching a $2 billion Bitcoin lending program, marking a major fusion of traditional finance with cryptocurrency markets.

Howard Lutnick, the powerhouse behind Cantor Fitzgerald, is officially stepping away from all his business roles. With his nomination as Commerce Secretary under President-elect Donald Trump, Lutnick is clearing the deck.

Tether issued an additional $3 billion in USDT tokens in November, with $2 billion minted on Ethereum and $1 billion on the Tron network.

Tether mints $3 billion in USDT, boosting crypto market liquidity and potentially signaling bullish momentum.

Tether may take part in Cantor's multi-billion dollar bitcoin financing program. The latter already owns a 5% stake in Tether and custodies its U.S. Treasuries.

From November 8, the crypto company has minted about 13 billion dollars of stablecoins.

US President-elect Donald Trump's nominee for Commerce Secretary, Howard Lutnick, is reportedly exploring a $2 billion bitcoin-backed lending initiative in collaboration with Tether, the issuer of the world's largest stablecoin, according to Bloomberg.

Tether, the world's largest stablecoin issuer, has minted over $3 billion in USDT in the past 24 hours. This action accumulates the company's mint in a month.

Cantor Fitzgerald is deepening its crypto ties as its chief prepares to assume his role as Commerce Secretary after Trump's nomination.

Wall Street powerhouse Cantor Fitzgerald plans to launch a multibillion-dollar lending program using bitcoin as collateral, potentially reshaping crypto-backed financing and deepening ties with Tether Holdings.

According to stablecoin firm Tether, over $134 billion USDt tokens are circulating across various blockchain protocols as of November 2024.

According to stablecoin firm Tether, over $134 billion USDt tokens are circulating across various blockchain protocols as of November 2024.

Financial services firm Cantor Fitzgerald, which serves as Tether's banking partner, is looking to work with the stablecoin issuer on a program that will allow clients to borrow dollars against Bitcoin as collateral, Bloomberg reported on Sunday.

Cantor Fitzgerald, a prominent US financial services firm, is expanding its alliance with Tether, a key player in the digital asset industry and the issuer of the world's largest stablecoin.

Howard Lutnick, CEO and majority owner of Cantor Fitzgerald, has been nominated as Commerce Secretary by President-elect Donald Trump. Lutnick's potential appointment signals a possible pro-crypto shift in U.S. policy, given his involvement with blockchain and digital asset initiatives.

Howard Lutnick, CEO of Cantor Fitzgerald, is nominated as Commerce Secretary, which could affect U.S. crypto rules. His firm owns 5% of Tether and handles most of its reserves.

Tether's treasury mints 2 billion USDT tokens on the Ethereum network.

Financial services giant Cantor Fitzgerald has reportedly acquired a 5% stake in Tether, the world's largest stablecoin issuer, in a deal valued at up to $600 million. The post Cantor Fitzgerald Acquires 5% Stake in Stablecoin Issuer Tether, Valued up to $600M appeared first on Cryptonews.

Cantor Fitzgerald CEO Howard Lutnick, President-elect Trump's Commerce Secretary nominee, wants to launch a $2 billion project to lend dollars to clients against Bitcoin.

Howard Lutnick's Cantor Fitzgerald reportedly seeks to strengthen its financial ties with USDT issuer Tether.

U.S. President-elect Donald Trump's pick for Commerce Secretary, Howard Lutnick is in talks to deepen his financial ties with the company operating the world's largest stablecoin, Tether, by launching a $2 billion project to lend dollars to clients against bitcoin, Bloomberg News reported on Sunday.

According to a Wall Street Journal (WSJ) investigation, Howard Lutnick, Trump's nominee for Commerce Secretary and current presidential transition adviser, maintains significant business connections with cryptocurrency giant Tether through his firm Cantor Fitzgerald.