Tether (USDT) | ForkLog

ForkLog 12 17.12.2024

Buying USDT at scale: how to invest in crypto from $1 to $1m

Tether (USDT) is one of the most liquid assets in the crypto market. As of the end of the third quarter of 2024, USDT is used by 330 million crypto wallets and on-chain accounts. Buying USDT has become a popular way to enter the market: investors exchange fiat for stablecoins without worrying about volatility. However, […]

AI translated

ForkLog 15 17.12.2024

Tether Invests in StablR to Boost Stablecoin Adoption in Europe

Tether, the issuer of USDT, has invested an undisclosed sum in the European stablecoin provider StablR as part of its strategy to promote asset adoption in the EU. Tether Invests In StablR To Promote Stablecoin Adoption In EuropeRead more: https://t.co/y8HtQXEwjR — Tether (@Tether_to) December 17, 2024 “The European stablecoin market, with a capitalization of $400 […]

AI translated

ForkLog 9 13.12.2024

Polygon Community to Consider $1.3 Billion Allocation on Ethereum Bridge

The Polygon community will evaluate a proposal to leverage over $1.3 billion in reserves held in DAI, USDC, and USDT for profit generation. These funds are currently locked on the PoS Chain and Ethereum bridge. The initiative has been put forward by Web3 risk providers Allez Labs and the teams from Morpho and Yearn. The […]

AI translated

ForkLog 59 10.12.2024

Tether Reveals USDT Holder Statistics

As of the start of the fourth quarter of 2024, there were 109 million USDT holders, more than double the number of Bitcoin holders and close to Ethereum’s 128 million. These figures were reported by Tether. The company noted that these numbers make USDT one of the most widespread digital assets. For their analysis, specialists […]

AI translated

ForkLog 8 05.12.2024

Tether CEO Labels USDT as Catalyst for Bitcoin Price Surge

A strong correlation exists between bitcoin’s rise above $100,000 and the increased supply of Tether’s USDT stablecoin, according to the company’s CEO, Paolo Ardoino, in an interview with The Block. In the last 20 days alone, the market capitalization of the stablecoin has grown by approximately $16 billion, he noted. This is partly due to […]

AI translated

ForkLog 7 28.11.2024

Stablecoin Market Capitalisation Reaches Record $191.5 Billion

The combined market value of stablecoins has reached $191.5 billion, setting a new ATH following the collapse of Terra’s UST in May 2022. This was highlighted by Bloomberg. Since the beginning of the year, the figure has increased by 46%. Data: DeFi Llama, Bloomberg. The agency noted the growing role of stablecoins in global trade […]

AI translated

ForkLog 18 28.11.2024

Tether to Expand Commodity Lending to $5 Billion by 2026

By 2026, Tether’s allocation for commodity trade financing could grow to $3-5 billion, according to the company’s CEO, Paolo Ardoino, in an interview with The Block. He stated that this activity allows the USDT stablecoin issuer to earn interest income by providing liquidity to a sector that “always needs it.” Ardoino noted that Tether Investments […]

AI translated

ForkLog 14 28.11.2024

Tether to Cease Support for EURT

Tether will halt support for the euro-pegged stablecoin EURT due to low demand and tightening regulations in the EU. Tether’s decision to delist EURt has not been taken lightly, but until a more risk-averse regulatory framework in Europe is in place—one that fosters innovation, offers the stability and protection our users deserve and avoids potential […]

AI translated

ForkLog 9 26.11.2024

Ethereum Surpasses TRON in Tether Supply

Ethereum has regained its dominance in the supply of USDT stablecoins after TRON took the lead in August 2022, according to DeFi Llama. The blockchain of the second-largest cryptocurrency by market capitalization has issued tokens worth $60.3 billion, while its competitor’s network holds nearly $58 billion. Over the past month, the former figure increased by […]

AI translated

ForkLog 22 24.11.2024

Cantor Fitzgerald Secures 5% Stake in Tether, Reports WSJ

Financial firm Cantor Fitzgerald has agreed to acquire a 5% stake in stablecoin issuer Tether for $600 million, according to WSJ, citing its own sources. Howard Lutnick, CEO and principal shareholder of Cantor Fitzgerald, serves as co-chair of the transition team for U.S. President-elect Donald Trump. On November 19, Trump nominated the entrepreneur for the […]

AI translated

ForkLog 9 18.11.2024

Kraken and Tether Back Launch of EU-Regulated Stablecoins

The Dutch fintech firm Quantoz has announced the launch of two stablecoins compliant with MiCA regulations, following investments from Fabric Ventures, Kraken, and Tether. Quantoz Payments Issues Euro and US Dollar Stablecoins and receives an investment from Fabric Ventures, Kraken and Tether. Read the full press release with statements from @ahansjee (@fabric_vc), @marklg (@krakenfx), @paoloardoino […]

AI translated

ForkLog 29 15.11.2024

Traditional Finance to Propel RWA Market Growth, Says Expert; Tether Joins the Fray

Traditional financial institutions are poised to be the primary drivers of growth in the asset tokenization market, according to Jesse Knutson, COO of Bitfinex Securities, in an interview with Cointelegraph. “[Currently] it is the more agile institutions, like family offices, that can move quickly. I believe they will have a significant impact in these early […]

AI translated

#Tether (USDT)