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news-imageDecember 3, 2024

Tether Mints $16B USDT Since November Amid Crypto Surge

Tether (USDT), the world's largest stablecoin by market capitalization, has seen a massive surge in its minting activities, with a total of $16 billion in new USDT minted since November 6, 2024. This latest round of issuance includes a $1 billion mint on both the Ethereum and Tron blockchains, marking the continuation of Tether's aggressive expansion strategy.
Publisher: The Currency Analytics
Sentiment: Positive
USDT

More News Articles

Positive
cover-imageThe Currency Analytics
December 2, 2024

Tether Mints $1B USDT on Ethereum, November Total Hits $16B Amid Market Demand

Tether, the world's largest stablecoin issuer, has made a significant move in the cryptocurrency market by minting an additional $1 billion USDT on the Ethereum blockchain. This latest minting brings the total amount of USDT minted by Tether in November to an impressive $16 billion, highlighting an ongoing surge in demand for stablecoins amidst the current volatile market conditions.

Neutral
cover-imageCryptoGlobe
November 28, 2024

Tether Explains Why It Decided to Discontinue Stablecoin EURT

Tether, the issuer behind the world's largest stablecoin, USDT, has announced its decision to discontinue support for its euro-backed stablecoin, EURT. The move reflects both shifting market dynamics and evolving regulatory conditions in the European Union. Tether emphasized that community interest remains central to its decision-making process.

Negative
cover-imageCryptopolitan
November 28, 2024

Tether ends support for Euro-pegged stablecoin EURT

Tether announced that it would discontinue support for the Euro-pegged stablecoin EURT and will not be minting any more tokens. The blockchain-enabled platform disclosed that the decision was reached due to changes in the stablecoin regulatory framework in the European market.

Negative
cover-imageThe Cryptonomist
November 27, 2024

Tether abandons the stablecoin pegged to the euro

Tether, the issuer of the largest stablecoin in the world, USD₮, has announced an important decision: to discontinue support for EUR₮, the stablecoin pegged to the euro. This marks a crucial moment in the cryptocurrency sector and raises questions about the future of stablecoins linked to fiat currencies other than the dollar.

Negative
cover-imageCoingape
November 27, 2024

Tether Discontinues EURT Stablecoin, Here's Why

Tether, the biggest stablecoin provider, has declared that it will no longer provide support for its euro-backed stablecoin, EURT. The company, however, noted that it had stopped minting EURT in 2022 and that holders of the token should redeem it by November 27, 2025.

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