Tether (USDT) | ForkLog

ForkLog 48 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 13 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 32 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 32 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 16 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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ForkLog 148 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 […]

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ForkLog 12 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 22 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 29 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 22 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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