Tether (USDT) – Page 2

Stablecoin Giant Tether Strikes Gold: Achieves Record Net Profit Of $4.5 Billion In Q1

May 1, 2024

Stablecoin issuer Tether, a prominent player in the cryptocurrency market behind the widely used USDT stablecoin, has released its audit statement for the first quarter of 2024, accompanied by a report conducted by independent accounting firm BDO. The report, which provides additional financial information beyond the reserves backing Tether’s fiat-denominated stablecoins, shows the company’s profit…
Read more

Circle’s USDC Stablecoin Surpasses Tether’s USDT in Transaction Volume

April 30, 2024

Circle stablecoin, USDC, had achieved an important milestone in the stablecoin market, surpassing Tether’s USDT in transaction volume, according to data released by Visa on April 29 through a partnership with Allium Labs. USDC Stablecoin Recorded $456 billion in transaction volume The adjusted stablecoin metric data reveals that Circle’s USDC stablecoin has been gaining market…
Read more

Scammers Trick Crypto Users With Faked USDT Balances, Slowmist Reports

April 28, 2024

Slowmist, teaming up with Imtoken, has exposed a new cryptocurrency scam exploiting offline transactions and using USDT, where scammers manipulate Ethereum RPC to falsify USDT balances in the victim’s wallet. The con artists coax victims into changing their Ethereum RPC URL to one they control, making it appear as though USDT funds were deposited, only…
Read more

Operation Racer: Hong Kong Authorities Dismantle Cryptocurrency Laundering Operation

April 19, 2024

Hong Kong customs officers arrested three individuals involved in a HK$1.8 billion ($228 million) money laundering operation that utilized a cryptocurrency platform and bank accounts of shell companies, with investigations revealing suspicious activities such as abnormally frequent large transactions in accounts with no clear financial backgrounds. The suspects, who did not know each other, allegedly…
Read more

Tether Restructures with New Divisions Beyond Stablecoin Development

April 18, 2024

Tether, the operator behind USDT, the world’s largest stablecoin by market value, has announced a significant restructuring to expand its scope beyond stablecoin development. This strategic move by Tether includes the introduction of four new business divisions: Tether Data, Tether Finance, Tether Power, and Tether Edu. Tether Announces Major Restructuring, Introducing Four New Business Divisions Introducing the…
Read more

Crypto Billionaire Justin Sun Moves $196 Million in Tether To Binance – What is He Buying?

April 18, 2024

On April 17, blockchain investigator Lookonchain revealed a substantial transfer of USDT to Binance by Tron Founder, Justin Sun. This move follows a pattern of USDT deposits to Binance and ongoing Ether acquisitions by Sun. Justin Sun Continues Whale Deposits of Tether’s USDT Lookonchain’s post on X detailed the transfer of $196 million worth of…
Read more

TRM Labs Report: Tether’s USDT Was the Go-to Stablecoin for Illicit Activities in 2023

March 30, 2024

A report issued by TRM Labs indicated that Tether’s USDT, the largest stablecoin in the cryptocurrency industry, was the preferred stablecoin used for illicit transactions during 2023. TRM Labs alleges that 1.6% of USDT’s volume was linked to illicit activity last year, with $19.3 billion worth of USDT used in illegal transactional flows. TRM Labs…
Read more

Stablecoins Join The Crypto Bull Run With $140B Market Cap, Highest Since 2022

February 28, 2024

February has been an overall notable month for cryptocurrencies and the crypto industry. We’ve seen Bitcoin and Ether, the two largest cryptocurrencies by market capitalization, reach milestones not seen since the crypto winter started. The bull run has seemingly started, as many analysts and investors have announced, and it appears to be following a ‘2-year…
Read more

Tether Launches Tether Edu, Expands Educational Initiatives in Emerging Markets

February 6, 2024

Tether, the largest stablecoin company, has announced the launch of Tether Edu, an initiative that will concentrate all of the global educational and learning programs of the institution. Tether Edu will focus on emerging markets, offering courses and hybrid programs in blockchain, artificial intelligence (AI), design, and other areas. Tether Launches Tether Edu to…
Read more

JPMorgan Warns of Increased Risk for Crypto Market Due to Tether’s ‘Lack of Regulatory Compliance and Transparency’

February 6, 2024

JPMorgan has warned of increased risk for the crypto market resulting from Tether’s “lack of regulatory compliance and transparency.” The global investment bank’s analysts explained that other stablecoin issuers that have been more compliant with existing regulations are likely to benefit from the coming regulatory crackdown on stablecoins and gain market share. JPMorgan Warns About…
Read more

Tag: Tether (USDT)