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Tether (USDT)

El Salvador’s New Citizenship-by-Investment Program Requires $1M BTC or USDT Investment

by Isaac Wright
El Salvador’s New Citizenship-by-Investment Program Requires M BTC or USDT Investment

The government of El Salvador has teamed up with stablecoin issuer Tether to launch the “Adopting El Salvador Freedom Visa Program,” designed to benefit the economy, the culture, and the …

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$1.1 Billion Profit Amid Price Surge

by Isaac Wright
.1 Billion Profit Amid Price Surge

In a week that saw Bitcoin surging to an impressive $42,000, Tether, the company behind the world’s largest stablecoin, witnessed a substantial increase in the value of its BTC holdings, …

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Tether and Bitfinex Decline to Contest FOIL Request, But There’s a Catch

by Isaac Wright
Tether and Bitfinex Decline to Contest FOIL Request, But There’s a Catch

In response to a New York Freedom of Information Law (FOIL) request initiated by Coindesk, Tether and Bitfinex announced dropping their opposition. According to the official blog post on November …

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US Judge Dismisses Class Action Lawsuit Against Tether and Bitfinex

by Isaac Wright
US Judge Dismisses Class Action Lawsuit Against Tether and Bitfinex

A United States judge has concluded the dismissal of a class action lawsuit against stablecoin issuer Tether and its affiliate crypto exchange Bitfinex, two years after the plaintiff made a …

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$27 Million Worth of Stablecoins Reportedly Stolen in Crypto Wallet Hack

by Isaac Wright
 Million Worth of Stablecoins Reportedly Stolen in Crypto Wallet Hack

A wallet linked to the well-known exchange Binance has been breached, leading to a significant loss of $27 million. The incident primarily involved the theft of Tether (USDT) and was …

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Tether’s USDT Supply Surpasses 84 Billion

by Isaac Wright
Tether’s USDT Supply Surpasses 84 Billion

The market supply of the largest stablecoin, Tether (USDT), has soared to a new all-time high, surpassing the just-set milestone of 84 billion. According to data from crypto market intelligence …

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Stablecoin Activity Takes Crown From DeFi in Q3: Report

by Isaac Wright
Stablecoin Activity Takes Crown From DeFi in Q3: Report

Stablecoins are often viewed as assets that pose systematic risks to the financial market. However, these pegged tokens have become the most popular category among investors amid adverse market conditions. …

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Bitcoin Miner Northern Data Secures $609 Million Debt Financing Facility from Tether

by Isaac Wright
Bitcoin Miner Northern Data Secures 9 Million Debt Financing Facility from Tether

Europe’s leading Bitcoin miner and data cloud provider – Northern Data – announced securing EUR 575 million (worth over $609 million) debt financing facility from stablecoin issuer, Tether after entering …

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Kraken To Suspend All USDT, WBTC Deposits In Canada

by Isaac Wright
Kraken To Suspend All USDT, WBTC Deposits In Canada

Crypto exchange Kraken has confirmed that it plans to close all trading, deposits, and withdrawals for Tether USD (USDT), Wrapped Bitcoin (WBTC), and other reserve-backed assets in Canada. The suspension …

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No Violations of Sanctions Laws, No Terrorist Ties

by Isaac Wright
No Violations of Sanctions Laws, No Terrorist Ties

Last week, the Wall Street Journal inaccurately reported that Hamas and affiliated terror groups had received tens of millions of dollars in cryptocurrency, which was allegedly being used to support …

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