Due to the constant reduction in the value of the Brazilian currency, Real, people have become more incentivized to delve into cryptocurrencies. The economy of Brazil has taken a hit over the past few...
Tag: Tether
USDT Addresses With Over $1 Million Hold 80% Of Tether Supply
On Monday, the total market capitalization of all stablecoins topped $150 billion. The largest stablecoin is remains Tether’s USDT. However, according to a new analysis, stablecoin whales control 80% ...
Stablecoin Whale Domination — Tether Addresses Valued at $1M Own More Than 80% of USDT Supply – Altcoins Bitcoin News
As the market capitalization of the stablecoin tether nears $80 billion, with its current $77.9 billion valuation, data from onchain researchers at Santiment indicates that tether addresses valued at ...
Tether is ‘a time bomb’ says Congressman Warren Davidson
One member of Congress has noted a major outlier among stablecoins, a topic that’s top of mind on Capitol Hill these days. “Tether, for example, is a time bomb,” said Warren Davidson...
Tether responds to CoinDesk’s involvement in ongoing case
Tether has given its official response to CoinDesk’s involvement in the ongoing case between the stablecoin issuer and the New York Attorney General. The news outlet joined the legal proceedings in Ja...
Tether responds to CoinDesk’s intervention in ongoing reserves information case
Tether has responded to CoinDesk’s intervention submission in the latest filing related to the freedom of information court battle, claiming the conflict centers on its settlement agreements wit...
Myanmar Junta Wants Own Digital Currency After Government in Exile Pushes Tether
A military government is proposing creating its own digital currency a year after overthrowing the democratically elected leader. What could go wrong? Major General Zaw Min Tun, deputy information mi...
Circle’s USD Coin is silently closing the gap to Tether
Tether’s dominance as the largest stablecoin in the crypto space is quietly being eroded by the growth of Circle’s USD Coin (USDC), which now controls around 30% of the stablecoin market. According to...
USDC Leaves Tether Behind In Terms Of Market Cap And Becomes First On Ethereum
There are have always been tussles recently between the top two most popular stablecoins, USD Coin (USDC) and Tether (USDT). But recently, USDC is creating a notable milestone as it out-runs Tether on...
Stablecoin Issuer Tether Has Recovered Over $87 Million in USDT Sent to Wrong Addresses
Since its launch, Tether, the company behind the top USD-pegged stablecoin USDT has helped recover more than $87 million sent to wrong addresses, The Block reports, January 22, 2022. Tether Has Recove...
$1 Billion Just Sent From Tether Treasury to Binance: Here is Why
Amid the current market crash, $1 billion worth of USDT was transferred from Tether’s treasury to Binance. The past couple of days were particularly devastating in both the cryptocurrency and the lega...
Tether has helped recover $87 million in USDT to date
Stablecoin issuer Tether has helped users recover $87 million in USDT sent to wrong addresses since its launch in 2014, its CTO Paolo Ardoino told The Block. Just earlier this week, for instance, Teth...
USD Coin Overtakes Tether on Ethereum
The stablecoin market has undergone a shakeup as USD Coin (USDC) has overtaken USD Tether (USDT) on the Ethereum blockchain. USD Coin Supply On Ethereum Is Now More Than Tether As per the latest weekl...
USDC flips Tether on the Ethereum network
Circle’s USD Coin (USDC) has reached a major milestone by surpassing Tether (USDT) in total supply on the Ethereum network. USDC’s current supply on Ethereum as of writing is 40.06 billion tokens, jus...
Bybit users can buy and sell Tether P2P starting today
Bybit has enabled peer-to-peer (P2P) transactions to help easier on- and off-ramp access, Invezz learned from a press release. The world’s fastest growing cryptocurrency exchange has taken trading to ...
Myanmar Democracy Group Look to Tether After Failure of Myanmar Dollar Project
As the military seized control of the issuance of currency in Myanmar in 2021, the citizens responded by taking to the stablecoin Tether for peer-to-peer transactions and cross-border remittances. A r...
Tether (USDT) No Longer Dominant Ether-Based Stablecoin: Data
Vladislav Sopov Historical USDC/USDT flippening was spotted yesterday by Nansen’s analytical tools Contents Flippening confirmed: there are more USDC on Ethereum than USDT USDC market capitaliza...
Tether Has Frozen $160m of Blacklisted USDT On Ethereum
Tether Limited, the firm that issues the USDT stablecoin, has announced its recent decision to freeze some $160m of the stablecoin logged on the Ethereum blockchain from three addresses. This is not t...
Tether Freezes $150M Worth of USDT, Blacklists 3 Addresses
Tether recently froze over $150 million of USDT. This is not the first time that the company has frozen USDT, actions that has once again stoked concerns of centralization in the crypto community. Acc...
Tether freezes three Ethereum addresses holding $150 million in USDT
World’s largest stablecoin issuer Tether has added three more Ethereum addresses to its blacklist that held nearly $150 million worth of USDT. Being a centralized company, Tether has the authority to...
Tether freezes $150 million in USDT
Tether has added three more Ethereum addresses, holding more $150 million worth of the USDT stablecoin between them, to its blacklist. As a centralized company, Tether is able to blacklist addresses i...
Tether Freezes Over $150M+ Worth Of USDT Stablecoin
Tether has been one of the biggest question marks in crypto in recent years, and that hasn’t changed as adoption has grown. Decentralization has been a hot topic, and while the word itself isn’t menti...
Turkey embraces Bitcoin and Tether as the lira keeps spiraling down
The volatility of the Turkish lira is pushing Turks to adopt cryptocurrencies as both a means of payment and a store of value. The country’s national currency has lost 40% of its value against the dol...
Tether Freezes $160M of USDT Stablecoin on Ethereum Blockchain
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Bitcoin and Tether Bought Massively in Turkey as Safe Haven from Falling Lira
Yuri Molchan Turks are hastily embracing Bitcoin and USDT, looking to convert plunging Lira and save their money The Wall Street Journal reported that the embrace of crypto is currently proceeding at ...
Strike’s Bitcoin App in Argentina Only Supports Tether for Now
Yesterday, Jack Mallers, CEO of Strike, announced his company’s arrival in Argentina. The South American nation would be the second to receive support from the Bitcoin payment processor after a ...
Why Brazilians Are Turning to Stablecoins Like Tether
Amid record inflation and a constant devaluation of their local currency, Brazilians are turning to cryptocurrencies and, in particular, stablecoins as never before. According to Receita Federal, the ...
Tether Asks Court to Protect Private Companies’ Confidential Information
Crypto industry media company, CoinDesk, has formally joined a legal case involving stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies ...
CoinDesk formally joins Tether Freedom of Information case in New York, Tether responds
CoinDesk has formally joined the legal proceedings between Tether and the New York Attorney General in a case centering on the release of company documents to the news outlet. The conflict dates back ...
Tether blacklists another address, OpenSea raises $300 million | Trading Ideas| OKEx Academy
Many eyes are watching BTC, as both longs and shorts are in danger of potentially getting squeezed. The wider cryptocurrency market retraced yesterday’s losses and is up 1% over the past 24 hours. Tho...
Tether freezes account holding over $1m USDT
TL;DR Breakdown Tether block address holding $1M. Stabecoin issuer says it is working with law enforcement to nab bad actors. Stablecoin issuer Tether has locked a particular address where over $1mill...
Will Cryptocurrencies Shatter The Monopoly Governments Have On The Creation Of Money?
If you want to see the future of cryptocurrencies, look at Turkey. Its currency, the lira, is plunging in value, down 40% against the dollar since September. The official inflation rate—which the Turk...