Author: Wayne Jones
Bulgaria Source: CryptoPotato
Sep 10, 2024 01:00
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.
View DetailsAuthor: Cointelegraph by Pradipta Mukherjee
United States Source: Cointelegraph.com News
Sep 09, 2024 12:00
Tether invests $100M in agriculture firm as stablecoin competition grows
This is Tethers first investment in the agriculture and food sector, after investments in artificial intelligence, Bitcoin mining operations, and digital education initiatives.
View DetailsHong Kong Source: Blockchain News
Sep 06, 2024 02:15
Tether (USDT) Partners with Reku to Boost Crypto Education in Indonesia
Tether and Reku announce a collaboration to promote crypto literacy in Indonesia through a roadshow covering ten major cities. (Read More)
Author: Benson Toti
United Kingdom Source: CoinJournal: Home
Sep 06, 2024 02:00
Singapore police arrest 3 for teen attack during crypto exchange
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 […]
View DetailsAuthor: Arslan Tabish
Estonia Source: TronWeekly
Sep 30, 2024 02:30
Tether Assists DOJ In Seizing $6 Million In Southeast Asian Crypto Scam
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 […]
View DetailsHong Kong Source: Blockchain News
Sep 29, 2024 02:15
Tether Collaborates with DOJ to Seize Over $6 Million in Crypto-Confidence Scheme
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)
Hong Kong Source: Blockchain News
Sep 28, 2024 02:15
Tether Assists in Major Crypto Money Laundering Bust with Dutch Authorities and U.S. Secret Service
Tether aids Dutch FIOD, NHCTU, and U.S. Secret Service in dismantling cryptocurrency exchanges involved in money laundering. (Read More)
Author: Cointelegraph by Ana Paula Pereira
United States Source: Cointelegraph.com News
Sep 28, 2024 12:00
Feds dovish move will slash $625M in interest income for stablecoins
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.
View DetailsAuthor: Wayne Jones
Bulgaria Source: CryptoPotato
Sep 28, 2024 01:00
Swan Bitcoin Sues Former Executives Over Alleged Theft of BTC Mining Business
The lawsuit alleges that the executives misappropriated Swan's intellectual property to launch a competing company backed by Tether.
View DetailsAuthor: Cointelegraph by Ana Paula Pereira
United States Source: Cointelegraph.com News
Sep 27, 2024 12:00
Robinhood, Revolut eye entry into stablecoin market Report
Both Robinhood and Revolut are reportedly considering issuing their own stablecoins as the industry continues to expand.
View DetailsAuthor: Cointelegraph by Helen Partz
United States Source: Cointelegraph.com News
Sep 27, 2024 12:00
Hamster Kombat token price plunges on exchange debut
Amid Hamster Kombat officially listing on exchanges such as Binance and HashKey, the HMSTR token has been plummeting.
View DetailsAuthor: Cointelegraph by Helen Partz
United States Source: Cointelegraph.com News
Sep 26, 2024 12:00
Vitalik Buterin endorses Celo for beating Tron in stablecoin addresses
Vitalik Buterin noted that Celos second L2 testnet, Alfajores, will be upgraded to Ethereum L2 on Sept. 26.
View DetailsAuthor: Cointelegraph by Alex O’Donnell
United States Source: Cointelegraph.com News
Sep 25, 2024 12:00
USDC issuer Circle launches onchain compliance platform
It's an important step toward winning the tokenized RWA market as Circle continues to vye with stablecoin leader Tether.
View DetailsAuthor: Mishal Ali
Estonia Source: TronWeekly
Sep 25, 2024 02:30
Stablecoin Showdown: Tethers $5.2B Profitability Draws Rivals into the Fray
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 […]
View DetailsAuthor: Charles Thuo
United Kingdom Source: CoinJournal: Home
Sep 24, 2024 02:00
Travala integrates Solana, enabling bookings via SOL, USDT, and USDC
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 […]
View DetailsAuthor: Scott Matherson
United Kingdom Source: NewsBTC
Sep 23, 2024 12:05
Tether (USDT) Surges With Massive Inflows, Closing In On Historic $120 Billion Market Cap Milestone
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
View DetailsAuthor: Mishal Ali
Estonia Source: TronWeekly
Sep 21, 2024 02:30
Is Tether the Next FTX? Investor Fears Grow Over $118B Stablecoins Transparency Issues
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 […]
View DetailsAuthor: Benson Toti
United Kingdom Source: CoinJournal: Home
Sep 20, 2024 02:00
Tether invests $1.5 million in Sorted Wallet
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 […]
View DetailsHong Kong Source: Blockchain News
Sep 20, 2024 02:15
Tether (USDT) Invests $1.5 Million in Sorted Wallet to Boost Financial Inclusion
Tether invests $1.5M in Sorted Wallet to enhance financial inclusion in emerging markets, focusing on Africa and Southern Asia. (Read More)
Hong Kong Source: Blockchain News
Sep 19, 2024 02:15
Tether (USDT) Strengthens Financial Transparency and Law Enforcement Collaboration
Tether (USDT) bolsters financial transparency and law enforcement collaboration, enhancing global financial inclusion and security. (Read More)