Tag: tether (usdt)

Jul 22 2021

USDT Will Keep Leading the Pack in Transparency – Tether CTO

Tether CTO, Paolo Ardoino, has emphasized that Tether will keep leading the pack in transparency Mr. Ardoino also pointed out that Tether is working on a full audit with regulators His comments on Tether come after the team at Paxos, stated that USDT and USDC are not regulated digital assets since they are backed by illiquid and risky debt obligations The CTO at...

Jul 18 2021

Tether’s New Community Organization Aims to Boost USDT’s Global Use

Tether's community has launched a new organization dubbed 'Tether Impact' Tether Impact's role will be to support and incentive the use of USDT in emerging economies and DeFi Dapps The organization will be hosting its first meetup in Paris, tomorrow, July 19th Stablecoins continue to gain popularity with the US Secretary of the Treasury, Janet L. Yellen, convening a meeting tomorrow, to discuss...

Jun 30 2021

USDC To Soon Be Available on Tron, Polkadot, Tezos and 7 More Chains

Centre has announced plans on offering USD Coin (USDC) beyond the Ethereum Network In the coming months, USDC will soon become available on 10 additional blockchains They include Avalanche, Celo, Flow, Hedera, Kava, Nervos, Polkadot, Stacks, Tezos, and Tron USDC is already fully implemented on Algorand, Stellar and Solana USDC's market cap at $25.3 Billion is slowing inching towards Tether's at $62.957 Billion...

Jun 25 2021

Tether (USDT) Now Has its Very Own Twitter Emoji

The stablecoin of Tether (USDT) now has its very own Twitter emoji Tether (USDT) joins Bitcoin, Tron, Binance Coin and Crypto.com Coin with the new feature The supply of Tether (USDT) is showing signs of entering a plateau phase as demand for stablecoins slows down with a weakened crypto market The stablecoin of Tether (USDT) now has its very own Twitter emoji. This...

Jun 08 2021

Bitstamp to List Tether (USDT) on June 14th

Bitstamp will list Tether (USDT) on June 14th Tether (USDT) will be listed alongside Compound Finance (COMP) and The Graph (GRT) Bitstamp follows Coinbase pro in listing Tether (USDT) Tether's advancing market cap is the most consistent trend in the crypto-verse The digital asset exchange of Bitstamp will list Tether (USDT) on the 14th of this month. Tether (USDT) will be listed alongside...

Apr 27 2021

Ethereum’s Recent High Fees Pushed More USDT to Tron – Tether CTO

Tether's CTO has explained that high fees on Ethereum pushed more USDT to the Tron blockchain USDT on Tron is firmly ahead of USDT issued on Ethereum Tether's market cap has just exceeded $50 Billion According to Tether's CTO, 2021 has been a good year for the stablecoin High gas costs on the Ethereum (ETH) blockchain are the reason more USDT has been...

Apr 23 2021

Coinbase Pro to List Tether (USDT) Effective Immediately

Coinbase Pro has listed Tether (USDT) Deposits are enabled effective immediately and only for supported jurisdictions Coinbase Pro will only accept the ERC20 version of Tether (USDT) The decision comes after the NYAG settled with Tether and Bitfinex Tether has also made a commitment to providing regular audits of its reserves The popular digital asset exchange of Coinbase Pro has announced that it...

Apr 19 2021

Tether (USDT) Active Addresses Exceed 6M, 3M on ETH and 3M on TRON

USDT active addresses have exceeded 6 million Half the amount is on Ethereum with the other half on Tron Tether's market cap has exceeded $48B and still dominating the stablecoin market worth $75.4 Billion Tether's growth has been organic based on the growth of the crypto markets and DeFi The number of USDT active addresses has exceeded 6 million. This milestone by USDT...

Apr 15 2021

USDT on TRON Exceeds USDT on Ethereum 729 Days After Launch

USDT issued on Tron (TRX) has eclipsed that issued on Ethereum The milestone was achieved 729 days after TRC20-USDT was launched Justin Sun marked the milestone through Twitter by thanking the Tron community TRX has had an impressive run in the markets but a pullback could be on the horizon The amount of Tether (USDT) issued on the Tron blockchain has just exceeded...

Apr 13 2021

USDT Issued on Tron is About to Surpass that Issued on Ethereum

The amount of Tether (USDT) issued on Tron is slowly catching up to that issued on Ethereum $23.416 Billion ERC20-USDT has been issued compared to $21.994 Billion TRC20-USDT Tron issued USDT is gaining popularity due to its low fees and its use in the Tron ecosystem The value of TRX has benefited from the increased activity on the network The amount of Tether...

Mar 11 2021

Tether to Launch USDT on Solana (SOL)

In brief: Tether plans on launching USDT on Solana (SOL) The new integration will allow USDT users to exchange funds at 50,000 tps for as little as $0.00001 per transaction Solana is one of the fastest-growing blockchain networks Tether's market cap continues to grow and is currently at $38 Billion The team at Tether has announced that they will be launching USDT tokens...

Feb 23 2021

Bitfinex and Tether (USDT) Settle With NY Attorney General for $18.5M

In brief: The NY Attorney General's office has settled with Bitfinex and Tether Bitfinex and Tether will cease all operations in New York They will also pay an $18.5 million fine alongside other requirements to increase transparency The New York Attorney General's office has reached an $18.5 million settlement with Bitfinex and Tether for alleged illegal activities in the state of NY. According...

Feb 10 2021

Tether’s (USDT) Market Cap Has Increased by 45% in 2021 Exceeding $30B

Quick take: Tether's (USDT) market cap has increased by 44.9% since the beginning of 2021 hitting $30.33 Billion Demand for stablecoins has increased as traders look for fiat onramps Furthermore, DeFi on both Tron and Ethereum has accelerated the use of USDT The market capitalization of Tether (USDT) has increased by a whopping 44.9% since the beginning of 2021 to hit a new...

Jan 30 2021

ETH and Ethereum Based Stablecoins Settled Over $1.6T in 2020

Summary: ETH and Stablecoins running on Ethereum settled over $1.6 Trillion in 2020 The three major stablecoins driving transaction volume on Ethereum are Tether (USDT), USDC and DAI Stablecoins are a bridge between traditional finance and crypto markets ETH, together with stablecoins running on the Ethereum network settled over $1.6 Trillion in transactions last year. This is according to a report by the...

Jan 26 2021

Tether’s (USDT) Market Cap Exceeds $25B, With $5B Issued in One Month

Quick take: The market capitalization of Tether (USDT) has just passed the $25 Billion mark $5 Billion of which was issued in the last month According to the Tether balance-sheet, the company has $25.139 Billion in total assets The use of USDT on Tron has seen a significant increment as Tether users avoid high fees on Ethereum The market capitalization of the popular...

Jan 21 2021

Over $9.3 Billion Tether (USDT) has Been Issued on Tron (TRX)

Quick take: $9.395 Billion in Tether (USDT) has been issued on the Tron (TRX) blockchain Justin Sun celebrated the milestone, highlighting that it took 644 days to acheive Demand for USDT on Tron is growing due to cheaper more efficient transactions Tron also hosts WBTC, WETH and WLTC with Justin hinting at more wrapped digital assets underway The amount of Tether (USDT) issued...

Nov 27 2020

Tether’s (USDT) Market Cap Grew By $1B in 9 Days to Reach $19B

Quick take: Tether's market cap is now at $19 Billion It took 9 days for its market cap to gain from $18 Billion to $19 Billion Early 2020 found its market cap at $4 Billion and an increment of $1 Billion took close to a month XRP has regained its number 3 spot but Tether could once again reclaim the spot Tether could...

Oct 24 2020

Bitfinex CTO: Tether (USDT) is Registered with FinCEN and Regulated

Summary: Bitfinex CTO and Tether CTO, Paolo Ardoino, has clarified that Tether (USDT) is indeed regulated Mr. Ardoino announced via Twitter that Tether was also registered with FinCEN His comments come after Tether competitors have been using the 'regulation' card to gain favor with users Tether recently hit $16 Billion in market capitalization There has been a long-held belief that the popular stablecoin...

Oct 09 2020

Report: Expect Ethereum To Lose the #2 Spot to Tether (USDT) in 2021

Quick take: The team at Bloomberg has predicted that Ethereum could lose the number 2 spot to Tether (USDT) by next year Increasing demand and adoption of stablecoins is the major force behind Tether's rise Stablecoins are a precursor of CBDCs and will most likely be more enduring than altcoins Ethereum has had a relatively stagnant market cap since 2017 when compared to...

Sep 27 2020

Ethereum Projects Continue to Freeze Tokens Affected by KuCoin Hack

Quick take: Multiple Ethereum based projects affected by the KuCoin have intervened Some have frozen their ERC20 tokens with others initiating hardforks The KuCoin hack amount has increased to $203 Million and could continue climbing Almost immediately after the KuCoin hack, the team at Tether announced that it had frozen a total of $33 Million USDT stolen from the exchange. Of this amount,...

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