Tether (USDT) | ForkLog

ForkLog 25 15.01.2025

Tether sues Swan Bitcoin over bitcoin-mining venture

Stablecoin issuer Tether has filed a lawsuit against crypto finance firm Swan Bitcoin, alleging a “material breach” of agreements for a joint bitcoin-mining venture, Cointelegraph reported. In 2022 the partners formed a JV called 2040 Energy to mine cryptocurrency. Under the arrangement, Tether provided financing and Swan handled operations. In September 2024 the latter accused […]

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ForkLog 31 13.01.2025

Tether to move its headquarters to El Salvador

Tether and its subsidiaries are “completing all formalities” to relocate to El Salvador after securing a digital-asset service provider licence as a stablecoin issuer, according to a press release. “[…] The decision marked a step on Tether’s path to facilitating global bitcoin adoption. It strengthens the company’s position in one of the most advanced markets […]

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ForkLog 21 13.01.2025

New York attorney-general to serve suspected crypto fraudsters with NFTs

As part of a fraud probe, New York attorney-general Letitia James will send suspected offenders notice of the proceedings in the form of an NFT. According to investigators, from January to June 2024 a group of scammers sent US residents messages offering remote jobs on behalf of real companies. The “work” consisted of writing online […]

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ForkLog 279 31.12.2024

Coinbase’s Advantage and Traders’ Revenue Decline Amid Potential USDT Ban in the EU

Cryptocurrency exchanges registered in the EU are gradually phasing out the stablecoin USDT as the MiCA regulation comes into effect, given that its issuer, Tether, has yet to obtain the necessary license. Experts consulted by ForkLog suggest that Coinbase could emerge as the primary beneficiary of this market shift. Its partner company, Circle, already holds […]

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ForkLog 22 31.12.2024

USDT Market Capitalisation Declines Amid MiCA Implementation

On December 30, the EU’s MiCA regulation for digital assets came into effect. The market capitalisation of the leading stablecoin USDT declined from over $141 billion in mid-month to approximately $137.5 billion. The new rules impose stringent requirements on stablecoin issuers, including licensing, reserve standards, and liquidity norms. Agne Linge from WeFi commented to The […]

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ForkLog 15 30.12.2024

Tether CEO Criticizes MiCA as a ‘Gift to Banks’

The current draft of the MiCA law in the EU is described as a “massive gift” to the traditional banking system, according to Paolo Diomede from The Graph. MiCA is nothing but a massive gift to the traditional banking system. Forcing stablecoin issuers to hold >30% of their liquidity in banks only ensures more profits […]

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ForkLog 40 27.12.2024

USDT’s Legal Status Under MiCA Remains Uncertain

The lack of clear guidance from officials leaves the future of the USDT stablecoin in the EU ambiguous following the full implementation of the MiCA legislation. This was stated by Juan Ignacio Ibañez, a member of the MiCA Crypto Alliance’s technical committee, in an interview with Cointelegraph. “No regulator has explicitly stated that USDT does […]

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ForkLog 12 27.12.2024

Brazil’s Potential Ban on USDT Transfers to Non-Custodial Wallets Sparks Industry Reaction

The Bank of Brazil’s proposed ban on stablecoin transfers to non-custodial wallets could drive a shift towards decentralization, according to Cointelegraph, citing industry representatives. On November 29, the regulator proposed banning transfers of foreign currency-denominated stablecoins to non-custodial wallets. The document is open for public consultation until February 28, 2025. The use of stablecoins in […]

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ForkLog 26 21.12.2024

Tether Commits $775 Million to Rival YouTube

Tether, the issuer of the popular stablecoin USDT, has announced a strategic investment of $775 million in the Canadian video hosting and cloud storage platform Rumble, aiming to foster decentralized and community-owned media platforms.

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ForkLog 27 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, […]

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ForkLog 22 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 […]

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ForkLog 15 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 […]

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