Tether (USDT) | ForkLog

ForkLog 10 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 […]

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ForkLog 9 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 […]

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ForkLog 21 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 […]

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ForkLog 17 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 […]

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ForkLog 12 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 […]

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ForkLog 29 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 […]

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ForkLog 11 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 […]

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ForkLog 36 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 […]

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ForkLog 13 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 7 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 11 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 22 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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