Addresses with large USDT holdings are moving their assets off exchanges. Tether’s market cap dominated Circle, but earlier high sentiment has reduced. Over the weekend, stablecoins became “unstable” ...
Tag: USDT
Whales Move $1B USDT Off Crypto Exchanges In The Past Four Days
Santiment captured four USDT transfers of $1B in the last ten days. Data suggests that whales moved out their USDT due to USDC instability. Bitcoin broke $26,500 within four days after falling to $19k...
Tether Benefits From USDC Chaos, USDT Dominance Now 58%
Data shows Tether USD (USDT) has benefited from the recent chaos with the USD Coin (USDC) peg, as the stablecoin’s dominance has now hit 57.8%. Tether (USDT) Dominance Has Surged To 57.8% Now As per t...
USDC Massive Redemptions Continue, Tether’s USDT Benefits
Massive redemptions for Circle’s USDC stablecoin continued on Monday, March 13, after the weekend panic and de-peg in the stablecoin. As per blockchain researcher Nansen, over $1.74 billion of USDC st...
New User Exclusive Event! Deposit To Win 510 USDT
Bitrue is one of the world’s leading crypto exchanges using blockchain and emerging technologies to provide customers with a one-stop trading platform. Bitrue enables access to over 700 cryptocurrenci...
Decoding the latest USDC update- Are USDT and DAI safer bets
Circle’s new statement revealed that USDC was 100% collateralized with the majority of its holdings collateralized through U.S. treasury bills. Many investors sold their USDC, some, however, bought th...
Cardano’s Djed Gains Traction and Overtakes USDT Amid Stablecoin Drama
Gamza Khanzadaev Cardano-built Djed gains bigger premium to market than Tether’s USD following stablecoin crisis Following the storm in the stablecoin sector in recent days, Djed, the stablecoin...
USDC Holder Forks Over $2 Million For $0.05 USDT In Desperate Move To Evade Crypto Crash
Every crypto investor’s nightmare starts when a sudden change in the industry leads to panic and massive selloffs. The effect of these two occurrences usually leads to uncontrollable price dips and de...
Unlucky crypto investor commits $2M for a payout of $0.05 USDT – Cryptopolitan
The market reacted with a big sell-off, depegging the stablecoin from the dollar, just after Circle disclosed Silicon Valley Bank did not transfer $3.3 billion of its USD Coin holdings. Not all crypto...
Stablecoins No More Stable: After USDC Depeg, Is Tether’s USDT in Trouble?
The collapse of Silicon Valley Bank (SVB) has caused worry in the crypto industry, especially for investors who use stablecoins like USDC and USDT. Let’s see how this affects these stablecoins. USDC a...
USDC investor shells out $2M to receive $0.05 USDT trying to evade crash
Soon after Circle revealed that Silicon Valley Bank did not transfer $3.3 billion of its USD Coin (USDC) reserves, the market responded with a massive sell-off — depegging the stablecoin from the US d...
LYOTRADE New Staking Pools 24% for USDT and 36% for LYO
They have been published new staking pools on LYOTRADE, offering high annual yields of up to 24% for USDT and 36% for LYO Credit. These pools are filling up fast, so join as soon as possible before th...
$3 Million Worth Tether USD (USDT) Account Has Just Been Frozen, What’s Going On?
Gamza Khanzadaev Here’s why account with $3 million worth Tether USD (USDT) may have just been frozen According to Whale Alert, another address on the TRON network was frozen today, containing U...
Ultimate Bet, USDT perps, Tron bets, and the $1 peg
Throughout history, many online gambling and poker sites have been subject to fraud. Owners would cheat, overstate the odds of winning, operate like a Ponzi scheme, refuse to process withdrawals, or s...
USDT Market Share On The Rise, Crypto Daily TV 7/3/2023
In Todays Headline TV CryptoDaily News: USDT stablecoin market share rises to highest in 15 months. The dominance of Tether’s USDT is rising among stablecoins amid an ongoing shakeup of the $136 billi...
OKX Seizes 2 Million USDT Linked To CELT Exploit, Plans Restitution
The Seychelles-based crypto exchange OKX recently started investigations into the platform following the users’ allegations of market manipulation of the Celestial (CELT) token. In reality, Celestial’...
OKX seizes 2M USDT linked to market manipulation
OKX has seized 2,014,381 Tether (USDT) from five accounts suspected of partaking in “malicious market manipulation” of the Celestial (CELT) token and plans $3 million in restitution for affected users...
Tracking a Novel Scheme to Launder Tether on Tron Blockchain
Around $775,000 of stablecoin USDT was allegedly stolen in a phishing scheme on the Tron network, according to an investigation by risk assessment firm Global Ledger. Global Ledger claims the funds we...
USDT takes over Venezuela — How merchants are using the top stablecoin – Cryptopolitan
In the midst of economic turmoil and international sanctions, Venezuela is turning to cryptocurrencies to conduct business. Local reports have indicated that USDT, the dollar-pegged stablecoin issued ...
BUSD has seen 12 billion withdrawn from exchanges in 3 months, USDT, BTC have been net beneficiaries
Quick Take The outflows for BUSD continue, which sees a balance on exchanges of less than 10 billion. The balance on exchange was as high as 22 billion on exchanges in November 2022 — a trend expected...
Reports Indicate USDT Is Being Used in Venezuela to Facilitate Settlements and to Avoid Sanctions – Bitcoin News
Some companies in Venezuela are using the stablecoin tether as a way of sidestepping sanctions and settling payments with foreign customers and providers. Local reports indicate that, while the most p...
USDT transaction volume drops to monthly low, but what’s the Chinese connection
USDT volume slows down as the intensity of the bear market shows signs of a decline. Strong USDT value is more desirable in China as the stronger dollar pushes past important historical CNY levels. Th...
Exchanges using USDT to trade in Russia despite sanctions: Report
Huobi and KuCoin are reportedly allowing customers of sanctioned Russian banks to access their trading platforms. Binance was also allowing Russians to convert local currency to crypto without KYC che...
USDT caught in the crossfire of Huobi and KuCoin’s negligence – Cryptopolitan
According to a report by digital asset data analytics firm Inca Digital, two major crypto exchanges, Huobi and KuCoin, continue to allow customers of sanctioned Russian banks to transact on their plat...
Ethereum gas usage spikes for stablecoins; primarily inflows in USDT
Definition The relative amount (share) of gas consumed by the Ethereum network by category. Transactions are classified into one of the following categories: Stablecoins: Fungible tokens with value pe...
Tether USDT Stablecoin Gains $1 Billion as Paxos Burns Over $1.8B of Binance USD Stablecoins
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As BUSD Dies, Tether’s USDT Soaks Up Another $1 Billion
Stablecoin giant Tether saw its flagship token, USDT, grow by nearly $1 billion in the aftermath of a regulatory crackdown against one of its rivals, BUSD. The token’s market cap started out at $68.4...
Tether (USDT): stablecoin capitalization +1 bln
The problems faced by the stablecoin Binance USD (BUSD) are benefiting USDT (Tether). Indeed, yesterday USDT’s market capitalization rose from $68.5 billion to $69.5, thus growing by about a billion i...
BUSD Is Under Attack. Are USDC and USDT Next?
Though regulatory actions against stablecoin issuer Paxos come amid a crackdown of the space after a wild 2022, some say the impact on competitors may be limited. Other industry participants are...
Traders turn to USDT as BUSD dominates heavily imbalanced Curve liquidity pool
Ad Curve pool’s Binance USD (BUSD) V2 pool is heavily imbalanced, with crypto traders showing preferences for Tether’s USDT. The BUSD V2 dashboard shows that the embattled stablecoin accounted for rou...
Security Platform Identifies USDT Scam Syndicate on YouTube
WhiteSecure has identified a USDT scam trend on YouTube. The identified apps request investments from unsuspecting users, promising returns. Identified apps include YouTube channels with significant n...