Tether Archives - Page 40 of 41

August 21, 2024

Tether Expands in the Middle East with UAE Dirham Stablecoin

In a major move for the cryptocurrency industry in the Middle East, Tether, the world’s largest stablecoin provider, has announced plans to launch a new stablecoin pegged to the United Arab Emirates dirham (AED). This development comes as the UAE continues to position itself as a growing hub ...

#Middle-East Crypto #NEWS #Stablecoins #Tether

June 03, 2024

Tether Leads Polygon’s Stablecoin Market with $792M Cap, Up 29%

Tether’s USDT dominates Polygon’s stablecoin market, now valued at $1.5 billion.This quarter, Polygon has seen a significant surge in its stablecoin market capitalization. According to the latest report from Messari, the Ethereum Layer 2 solution’s stablecoin market cap reached $1.5 billion, markin...

#Polygon #Stablecoin #Tether #USDT

April 26, 2024

Tether’s USDT Exchange Balance Soars as Stripe Announces USDC Payments

In a notable development for the cryptocurrency market, Tether’s USDT has reached its highest exchange balance in a year, indicating a growing trust in the largest stablecoin by market capitalization. The 7-day moving average of USDT held by exchanges surged to $568 million earlier this month...

#NEWS #Stablecoin #Stripe #Tether #USDC #USDT

March 04, 2024

Tether Unveils Official USDT Recovery Tool with $100 Billion Market Cap Achievement

Tether introduces a tool for transferring USDT between blockchains, achieving a market cap milestone of $100 billion amidst robust growth. Tether, the issuer of the world’s largest stablecoin USDT, has launched an official recovery tool designed to assist users in transferring their USDT hold...

#Blockchains #Tether #USDT

February 12, 2024

Rising to New Heights: Unveiling the Unstoppable Growth of Tether

Stablecoins such as Tether are pivotal in merging traditional finance with the digital asset world, notably dollar-backed ones experiencing a surge. They provide stability, enabling smooth value transfer and serving as safe havens in volatile markets, which is crucial for economies facing financial...

#Crypto #Stablecoin #Tether

January 31, 2024

Tether Posts Record Profit and Reserves in Q4 2023

Tether, the issuer of the widely-used USDT stablecoin, has reported a staggering financial performance in its latest attestation report conducted by global auditing firm BDO. The report, released today, reveals that Tether achieved an unprecedented net profit of $2.9 billion during the fourth quart...

#NEWS #Stablecoin #Tether #USDT

December 14, 2023

Blockchain Shakeup: Ledger Breach Exposes Cracks in Crypto Security

Crypto hardware wallet giant Ledger fell victim to a malicious exploit, shaking the foundations of the crypto industry. The breach, which occurred earlier today, saw hackers make off with over $150,000 in crypto, leaving several Ethereum-based decentralized applications (dApps) compromised. Ledger ...

#CRYPTOCURRENCY #Ledger #NEWS #Tether

November 01, 2023

Tether Reports Surge in Reserves, Strives to Eliminate Secured Loans

Tether, the leading issuer of the widely used stablecoin USDT, has unveiled its Q3 2023 report, showcasing robust financial health but with a looming challenge. As of September 30, 2023, Tether boasts a staggering $86.4 billion in assets to back its tokens, dwarfing its liabilities of $83.2 billion...

#NEWS #Stablecoin #Tether #USDT

August 06, 2023

Tether Secures Victory in Class Action Lawsuit

Tether, the issuer of the USDT stablecoin, has announced a legal victory in a class action lawsuit that challenged its claims of being fully backed by U.S. dollars. The lawsuit, which was filed in December 2021 by two plaintiffs, Matthew Anderson and Shawn Dolifka, alleged that Tether misrepresente...

#CRYPTOCURRENCY #NEWS #Tether #USDT