Tether Ventures into Agriculture with $100M Investment in South Americas Adecoagro
By acquiring a stake in Adecoagro, Tether is signaling a strategic shift from its tech-focused investments.
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By acquiring a stake in Adecoagro, Tether is signaling a strategic shift from its tech-focused investments.
This is Tethers first investment in the agriculture and food sector, after investments in artificial intelligence, Bitcoin mining operations, and digital education initiatives.
Tether and Reku announce a collaboration to promote crypto literacy in Indonesia through a roadshow covering ten major cities. (Read More)
Police in Singapore arrested three men after a teen reported an attempted robbery involving $24,000. The 19-year old ZK was looking to exchange the cash for USDT when two men attacked him. Strait Times has reported that police have charged 29-year old Benedict Yee Hong Fai with the attack and attempted robbery. Singapore police have […]
The post Singapore police arrest 3 for teen attack during crypto exchange appeared first on CoinJournal.
Tether, the largest stablecoin issuer in the cryptocurrency market, has been of immeasurable assistance to the U.S. Department of Justice (DOJ) in its efforts to recover more than $6 million connected to a cryptocurrency fraud scheme from Southeast Asia. The scam was that criminals would mimic real cryptocurrency businesses to lure in investors. This was […]
Tether aids the U.S. Department of Justice in seizing over $6 million linked to a crypto-confidence scheme in Southeast Asia, demonstrating its commitment to combating fraud. (Read More)
Tether aids Dutch FIOD, NHCTU, and U.S. Secret Service in dismantling cryptocurrency exchanges involved in money laundering. (Read More)
CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion.
The lawsuit alleges that the executives misappropriated Swan's intellectual property to launch a competing company backed by Tether.
Both Robinhood and Revolut are reportedly considering issuing their own stablecoins as the industry continues to expand.
Amid Hamster Kombat officially listing on exchanges such as Binance and HashKey, the HMSTR token has been plummeting.
Vitalik Buterin noted that Celos second L2 testnet, Alfajores, will be upgraded to Ethereum L2 on Sept. 26.
It's an important step toward winning the tokenized RWA market as Circle continues to vye with stablecoin leader Tether.
A Messari researcher remarked that Tether made an incredible profit of $5.2 billion last quarter, which placed it on par with the traditional finance (TradFi) powers. Nevertheless, this astonishing number has also brought a multitude of emerging rivals eager to take Tether’s lucrative market. The continuing stablecoins development process includes centralized and decentralized options fighting […]
Travala has integrated Solana, allowing hotel and flight bookings via SOL, USDT, and USDC Travala users will enjoy zero-fee transactions and direct deposits and withdrawals for supported tokens Travala plans to introduce SOL travel rewards to enhance user experience in crypto travel bookings Travala, a pioneering cryptocurrency-based travel agency, has taken a significant leap forward […]
The post Travala integrates Solana, enabling bookings via SOL, USDT, and USDC appeared first on CoinJournal.
Tether (USDT), the world’s largest stablecoin and the third largest crypto in market cap, has asserted its dominance in the cryptocurrency market and is now close to achieving a significant milestone. Recent data shows a massive influx of money into the crypto industry in the past week, with over $1 billion going into stablecoins. Related Reading: Solana Jumps 10% As Fed Eases Rates, Analysts Eye Even Higher Gains Naturally, most of this inflow has gone into Tether (USDT), pushing its market cap closer to an unprecedented $120 billion. Tether (USDT) Leads The Stablecoin Market Stablecoins are one of the innovative applications of blockchain technology. Their use cases have grown over the years from trading other cryptocurrencies to a growing use in lending platforms and payments for goods and services. The stablecoin market has witnessed massive growth since the beginning of the year. This growth has been largely driven by increased investments in the crypto industry since the beginning of the year, contributing to their adoption. According to data from IntoTheBlock, the stablecoin market had a total market cap of $122 billion in October 2023. However, the bull run since then has pushed the total market cap to over $169 billion in September 2024, representing an increase of 38.5%. Furthermore, data shows that the inflow has increased by 1.71% from last month. At the helm of the stablecoin market is Tether, which has the largest share of the market cap. As of this writing, Tethers market cap sits just shy of the $120 billion mark, with a consistent flow of new capital pouring into the stablecoin. Particularly, Tether currently has a market cap of $119 billion, representing a 70.4% stake among all stablecoins. USDC, the second-largest stablecoin, comes in at a current market cap of $35.88 billion. This growth has been largely due to USDTs ability to maintain its value pegged to the U.S. dollar over the years, making it an attractive option for traders seeking stability amid market turbulence. What Lies Ahead For Tether And Stablecoins? The influx of capital into the stablecoin sector highlights the growing interest in stable digital assets, especially with growing concerns of inflation and the weakening of fiat currencies in developing countries. At this rate, Tether dominance among stablecoins is set to keep growing. Just last week, the Tether Treasury minted $1 billion USDT on the Ethereum blockchain and another $100 million USDT on the Tron blockchain. Interestingly, other lower market cap stablecoins have also been benefiting from this interest surge in stablecoins. One of these is First Digital USD (FDUSD), whose market cap has seen an increase of 47% in the past 30 days and now stands at $2.94 billion. Related Reading: Catizen (CATI) Soars 10% Following Multiple Exchange Listings Adding to this momentum is Ripple, the company behind XRP. Ripple recently announced plans to enter the stablecoin space with its Ripple USD (RUSD) stablecoin with plans to connect global financial firms and institutions. Given Ripples established presence in the global banking sector, RUSD is expected to experience significant growth after its launch. Featured image from Pexels, chart from TradingView
Tether, a $118 billion stablecoin giant, has been under pressure for not going through third-party audits, which is fuelling fears of a liquidity crisis similar to the collapse of FTX. A Cyber Capital founder, Justin Bons, recently stirred controversy by calling Tether a monumental scam that eclipsed both FTX and Bernie Madoff in scale. His […]
Tether announced its $1.5 million strategic investment in Sorted Wallet on Sept. 19. Sorted Wallet will tap into this investment to expand its services across Africa and Southeast Asia. Tether is the company behind leading stablecoin USDT. Tether has invested $1.5 million in Sorted Wallet, a crypto wallet platform targeted for crypto adoption across the […]
The post Tether invests $1.5 million in Sorted Wallet appeared first on CoinJournal.
Tether invests $1.5M in Sorted Wallet to enhance financial inclusion in emerging markets, focusing on Africa and Southern Asia. (Read More)
Tether (USDT) bolsters financial transparency and law enforcement collaboration, enhancing global financial inclusion and security. (Read More)
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