Venezuela illustrates how residents rely on Tether’s USDT stablecoin amid government instability
Tether (USDT) stablecoin logo. Cost Photo | Null Photo | Getty Images In the context of US military actions in Venezuela, locals hurried to convert their Bolivars into a dollar-equivalent digital currency known as USDT. Although the attack might have caught some off guard, the swift adoption of stablecoins was expected. From the Middle East […]
S&P Lowers Tether’s USDT Stability Rating to ‘Weak’ Over Bitcoin Support Issues
Simply put S&P Global Ratings has lowered its outlook on USDT’s ability to maintain a 1:1 value with the dollar, assigning it a “weak” rating. This downgrade comes as Tether, the issuer of USDT, is reported to back the token with high-risk assets. Tether has criticized the rating, highlighting that USDT has successfully navigated financial […]
Tether (USDT) Plans to Introduce a Stablecoin Based in the U.S.
Cryptocurrency company Tether (USDT) has announced plans to introduce a new US-based stablecoin called USAT, specifically aimed at residents in the United States. Increase your investment strategy: Please use it Tipranks Premium is 50% off! It helps you to unlock powerful investment tools, sophisticated data and expert analysts’ insights to invest with confidence. Tether already […]
Tether abandons plan to freeze USDT on five blockchains
Tether Updates Plans for USDT on Various Chains Tether, the issuer of the stablecoin USDT, has decided not to proceed with freezing its smart contracts across five blockchain networks. They announced that while the token remains transferable, they will cease issuing or redeeming it on these platforms. This change will impact users on Omni Layer, […]
Bitcoin ETF Market Issues Alert: IBIT Withdrawals Associated with Decline in Tron USDT Transfers
Bitcoin Price Drops Following Significant ETF Outflows Bitcoin (BTC) has seen a decline of 3.6% over the last week, dropping from approximately $119,800 to around $114,500 at the moment. This downward trend is mirrored in the Spot Bitcoin Exchange Trading Fund (ETF), particularly with BlackRock’s IBIT Bitcoin ETF experiencing a substantial outflow of over $2.6 […]
Tether Mints 1 Billion USDT Ahead of FOMC Meeting
Tethermint Sends 1 Billion USDT, 225.3 Million to Bitfinex Whale Alert, a well-known blockchain tracking service, recently reported that Tether has generated another significant amount of USDT, totaling 1 billion, executed on the Ethereum blockchain. This occurred around thirty minutes ago. Following this, Tether’s social media stated that a portion—specifically 225,364,963 USDT—was transferred directly to […]
Tether halts $12.3M in USDT linked to questionable Tron addresses
Tether Freezes $12.3 Million in Digital Assets Tether, the issuer of USDT, the largest stablecoin globally, has halted over $12.3 million in digital assets on the Tron network. This move continues its approach to curb illegal activities within the cryptocurrency ecosystem. The freezing action took place at 9:15 AM UTC, as indicated by data from […]
Tether USDT stablecoin observed on price tags in Bolivian stores
Paolo Ardoino, the CEO of Tether, recently posted pictures showcasing products available for purchase in Bolivian airport stores using USDT, the stablecoin. This hints at an uptick in the informal usage of cryptocurrency in light of the current state of Bolivia’s economy. In a Saturday post, Ardoino displayed items priced in Bolivian USDT, including sunglasses […]
Hype for Next 100x Meme Coins as $USDT Moves to Bitcoin – Bitcoinist
Tether, a company behind $ USDT StableCoin, has announced a plan to release $ USDT on the basic layer of Bitcoin and Lightning Network. It's a big, big news -$ USDT A Market capitalization $ 140 billion The StableCoin sector accounts for about $ 22040 billion, a total of 3.7 tons of Crypto, a total […]
Crypto.com To Delist Tether USDT and 9 Other Tokens in Europe by January 31 To Comply with MiCA Regulations – CoinMarketCap
By January 31, 2025, Crypto.com announced that it would abolish the European USDT and the other nine tokens. By January 31, 2025, Crypto.com announced that it would abolish the European USDT and the other nine tokens. Listed tokens include wrap bitcoin (WBTC), Dai (Dai), PAX DOLLAR (PAX), Payx Gold (PAXG), PayPal USD (PYUSD), Crypto.com Staked […]