Tether (USDT) | ForkLog

ForkLog 9 08.11.2024

Tether Facilitates $45 Million Oil Deal

Tether’s investment arm has financed a crude oil supply deal worth $45 million in USDT, according to a press release. The transaction, involving a total of 670,000 barrels, was conducted back in October by an unnamed “major” Middle Eastern oil firm and a commodity trader. The intermediary was Tether Trade Finance, a division of Tether […]

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ForkLog 6 04.11.2024

Tether Explores USDT Gas Payment Mechanism

Various Layer 2 solutions are working to support USDT for gas payments, according to Paolo Ardoino, CEO of the stablecoin issuer Tether. I hear again few rumors about a Tether Chain.Tether is not planning to build an official blockchain at this time.Simply different independent L2 solutions are working to support $USDt for gas fees. — […]

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ForkLog 9 01.11.2024

Tether’s Net Profit Reaches $7.7 Billion in 2024

In the third quarter, Tether, the issuer of the USDT stablecoin, reported a net profit of $2.5 billion. Since the beginning of the year, this figure has reached $7.7 billion. Tether Hits $7.7 billion 2024 Nine-Month Profits, $102.5 billion in U.S. Treasury Holdings, Almost $120 billion USD₮ Circulation, and an Over $6 billion Reserve Buffer […]

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ForkLog 18 28.10.2024

Coinbase and Tether Unveil AI Tools

Coinbase has launched a service for developing AI agents to manage cryptocurrency wallets, while Tether has introduced a tool for creating privacy-focused applications. Based Agent from the crypto exchange allows users to set up an AI assistant in “less than three minutes.” It can perform various tasks such as exchanges and staking. Introducing Based Agent: […]

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ForkLog 38 26.10.2024

Paolo Ardoino Refutes WSJ Article on US Investigation into Tether

US authorities are investigating Tether, the issuer of USDT, for potential violations of sanctions and anti-money laundering regulations, according to The Wall Street Journal, citing sources. The newspaper reports that the Manhattan District Attorney’s office is examining whether the company’s stablecoin was used by third parties for illegal activities such as terrorism, drug trafficking, and […]

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ForkLog 84 17.10.2024

How to pay down America’s national debt with crypto—and why

The International Monetary Fund (IMF) has published a report stating that global public debt will exceed $100 trillion by 2030, or about 93% of world GDP. Roughly a third of that ($35 trillion) is accounted for by the United States. Parts of the community are debating whether crypto-market tools could help solve America’s debt problem. […]

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ForkLog 18 16.10.2024

Tether Reports 330 Million USDT Users

As of the end of the third quarter of 2024, the stablecoin USDT is utilized by 330 million cryptocurrency wallets and on-chain accounts, according to its issuer, Tether. Tether Insights Vol 1 How Many USDt Users Are There? Read more: https://t.co/KWycnb6xDfhttps://t.co/sZwx9tUtJ8 — Tether (@Tether_to) October 16, 2024 The company compared this figure to the population […]

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ForkLog 7 15.10.2024

Tether Explores Lending Opportunities in Commodity Trading

The issuer of the stablecoin USDT, Tether, is exploring opportunities in commodity trading, according to its CEO Paolo Ardoino, as reported by The Block. The executive noted that this venture will be conducted by a firm not associated with the “stablecoin” business. “This direction will not impact the stablecoin reserves,” assured Ardoino. Sources from Bloomberg […]

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ForkLog 2 07.10.2024

Tether to Release Documentary Celebrating 10 Years of USDT

Tether is set to release a documentary about USDT and its impact on combating inflation in celebration of the stablecoin’s anniversary. ?Today marks 10 years of USD₮ ! To celebrate, we’re launching our documentary ‘Stability and Freedom in Chaos’ soon. Dive into the journey of how $USDT has become a lifeline for millions, fighting inflation […]

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ForkLog 11 05.10.2024

Tether’s Paolo Ardoino: A Key Ally of the US Government

Paolo Ardoino, head of the stablecoin USDT issuer Tether, stated in an interview with Cointelegraph that the company is doing everything possible to maintain good relations with the United States. According to him, the firm manages this “much better” than its competitors, thanks to efforts in compliance and cooperation with authorities. An additional reason for […]

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ForkLog 9 02.10.2024

CryptoQuant Predicts Bitcoin Surge Amid Fiat Influx into Stablecoins

Between August and September, stablecoin capitalization increased by $8.73 billion, signaling a bullish trend. Institutional investors are converting funds into stablecoins in light of the Federal Reserve’s monetary policy easing cycle. The CEO of Tether described USDT and the dollar as “friends.” The rise in stablecoin capitalization during August and September could extend the upward […]

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ForkLog 18 28.09.2024

Tether Aids in Freezing $6 Million from Crypto Fraudsters

Tether, the issuer of the stablecoin USDT, has assisted the U.S. Department of Justice in seizing assets worth over $6 million linked to crypto fraudsters from Southeast Asia. Tether Assists U.S. Department of Justice in Seizing Over $6 Million in Alleged Proceeds Linked to Crypto-Confidence SchemeRead more: https://t.co/ZVruF5UhvP — Tether (@Tether_to) September 27, 2024 The […]

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