Over 90% of Stablecoin Transactions Not Genuine
The stablecoin sector is not a stranger to controversies, but a recent study questions whether these assets are being widely used as claimed. According to the report, a new metric …
Tether (USDT)
These Divisions Contributed Significantly to Tether’s Q1 2024 Profit of $4.52B
Earlier this week, the largest stablecoin issuing company, Tether, revealed that it made more than $4.52 billion in net profit in the first quarter of 2024. With the firm having …
Tether CEO Explains Why Bitcoin Is the Most Beautiful Currency in the World (Token2049 Dubai Interview)
In a recent interview with CryptoPotato during the 2024 Token2049 Dubai Conference, Tether’s CEO, Paolo Ardoino, spoke about AI, the Bitcoin halving, the recently-launched ETFs, USDT’s market share, and much …
Venezuela to Accelerate Crypto Usage in Response to Reimposed US Oil Sanctions: Report
Venezuela’s state-owned oil and gas company PDVSA is reportedly planning to speed up its use of crypto, particularly USDT, the largest stablecoin by market capitalization, to circumvent US sanctions. The …
Stablecoin Market Cap Sees Strong Recovery, Here’s Why This Is Bullish: ITB
The stablecoin market has recovered significantly from its plunge in the last two years due to the bear market, recording substantial volumes and activity since October 2023. According to a …
Toncoin Price Jumps 17% As Tether Widens Payment Choices On Telegram’s TON Network
Tether, the company behind the largest stablecoin in the market, USDT, has made a significant expansion move that has propelled the Toncoin price, the native token of The Open Network …
Russia Turns to Tether (USDT) to Evade Sanctions
Wally Adeyemo, Undersecretary of the U.S. Treasury, released an official statement saying Russia is increasingly resorting to alternative payment methods, such as the stablecoin Tether (USDT), to evade sanctions and …
Important Binance Announcement Concerning Mexican Traders
TL;DR Binance updates its platform to include additional trading options for Mexican users. The move coincides with a rising adoption in the region and could drag even more people into …
Tether Completes SOC 2 Type 1 Security Audit: Details
Tether, the largest stablecoin issuing company, has completed a major security audit that proves its compliance and reliability. According to an official release, the firm has undergone the System Organization …
Stablecoin Issuer Tether Strengthens Bitcoin Portfolio with $627M Bitcoin Purchase
Tether, the world’s largest stablecoin issuer, bought another 8,889 BTC. The latest purchase is valued at around $627 million, bringing its Bitcoin holdings to 75.354K BTC. Overall, the company now …