Tether (USDT) | ForkLog

ForkLog 46 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 99 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 21 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 4 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 13 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 21 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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ForkLog 99 20.09.2024

Tether Faces Renewed Criticism Over Transparency and Business Structure

Concerns about Tether’s transparency and business structure evoke memories of the FTX collapse, according to a thread by Cyber Capital founder Justin Bons. 2/17) The potential for collapse here is greater than Terra Luna! Making it one of the biggest existential threats to crypto as a whole As we have to trust they hold $118B […]

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ForkLog 35 19.09.2024

Tether Responds to Comparisons with FTX and Alameda Research

350 million users engage in transactions with USDT, and its issuer collaborates with 180 institutions across 45 jurisdictions. Such information was presented by Tether Limited. The company described the stablecoin it manages as a “cornerstone in modern financial ecosystems.” According to the issuer, Tether is committed to consumer protection and regulatory compliance. This is reflected […]

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ForkLog 15 17.09.2024

TON Foundation and Curve Finance to Launch Stablecoin DEX

Developers from Curve Finance and TON Foundation are set to create a platform for stablecoin trading on the Telegram Open Network blockchain. The AMM mechanism from Curve is expected to simplify the exchange of “stablecoins,” enhance user experience, and minimize price impact. The project’s advisor will be the founder of the DEX, Mikhail Egorov. A […]

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ForkLog 35 13.09.2024

Tether Faces Criticism Over Lack of Reserve Audit, Drawing Comparisons to FTX

The consumer advocacy group Consumers’ Research has released a report accusing Tether of lacking transparency regarding its US dollar reserves. The group claims that the issuer of USDT, despite numerous promises, has yet to conduct a full independent audit of the stablecoin’s backing. The report draws parallels with the situation that led to the collapse […]

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