Tether (USDT) | ForkLog

ForkLog 86 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 32 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 10 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 26 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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ForkLog 12 10.09.2024

Tether, TRON, and TRM Labs Form Alliance to Combat Illicit USDT Activities

Tether, TRON, and TRM Labs have established the T3 Financial Crime Unit (T3 FCU) to tackle financial crimes. The focus will be on preventing illegal use of USDT on the TRON blockchain. The TRON blockchain accounts for 60.78 billion tokens out of 118.37 billion in circulation, representing a 51.34% share, according to the stablecoin issuer’s […]

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ForkLog 5 10.09.2024

Analysts Observe Influx of USDT to Bitcoin Exchanges

Since August, the volume of USDT on cryptocurrency exchanges has been rapidly increasing. Given that from March to July, the dynamics showed no significant fluctuations amid turbulence, this is a notable change, according to CryptoQuant. “The growth of stablecoin balances on CEX is perceived as an increase in long potential, which will positively affect the […]

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ForkLog 33 26.08.2024

Stablecoin Market Capitalization Reaches Record $168 Billion

The combined market capitalization of stablecoins has reached a new all-time high of $168 billion, marking an 11-month streak of growth. And just like that, we’re at a new all-time high. Total stablecoin market cap, excluding algorithmic stables, is now at the highest point ever, surpassing its previous high from early 2022. New money is […]

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ForkLog 14 25.08.2024

Tether Aids Law Enforcement in Recovering $108 Million in USDT Since 2014

Tether has assisted 145 law enforcement agencies across 40 jurisdictions in recovering over $108.8 million in USDT since its inception in 2014. This was reported in the stablecoin issuer’s blog. “Tether’s proactive approach to assisting law enforcement underscores its commitment to transparency and accountability in the crypto industry,” the company stated. According to the announcement, […]

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ForkLog 8 23.08.2024

Tether Abandons Plans for Proprietary Blockchain Amid Market Saturation

Tether Holdings, the issuer of USDT, considered launching its own blockchain but ultimately abandoned the idea due to market saturation, according to Bloomberg. The company’s CEO, Paolo Ardoino, stated that the decision was influenced by the basic economic principle of supply and demand equilibrium. “We are very knowledgeable about technology. In the future, blockchain will […]

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ForkLog 20 21.08.2024

Tether to Launch UAE Dirham-Pegged Stablecoin

Tether has announced plans to develop a stablecoin pegged to the United Arab Emirates Dirham (AED). Tether to Develop UAE Dirham-Pegged Stablecoin Read more:https://t.co/dkiDAI0y15 — Tether (@Tether_to) August 21, 2024 The launch of the asset is planned in partnership with the local technology conglomerate Phoenix Group, supported by Green Acorn Investments. According to the statement, […]

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ForkLog 16 19.08.2024

Tether Announces USDT Launch on Aptos Network

Tether has announced plans to soon support the Aptos Network blockchain for the launch of its stablecoin, USDT. Tether (USD₮) To Launch on Aptos BlockchainLearn more: https://t.co/oAZcqa5RRv pic.twitter.com/0Mp7Lwm82b — Tether (@Tether_to) August 19, 2024 The issuer of the “stablecoin” highlighted the speed and scalability of Aptos’s infrastructure, low transaction fees, and its “reliable developer community.” […]

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ForkLog 17 13.08.2024

Tether to Challenge Tech Giants in AI Sector

Tether plans to invest in the AI sector by promoting decentralization and Bitcoin ethics, such as freedom of speech and access to technology and finance. This was revealed by the company’s CEO, Paolo Ardoino, in an interview with WIRED. “The concept of decentralization can be applied to various fields, such as artificial intelligence. We see […]

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