Tether (USDT) | ForkLog

ForkLog 11 26.06.2024

USDT Supply on TON Network Surpasses $500 Million

The market supply of USDT issued on The Open Network (TON) has approached $520 million.

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ForkLog 11 26.06.2024

Legal Expert Criticizes UAE’s New Cryptocurrency Regulations

The updated regulations in the UAE could potentially ban cryptocurrency payments in the country. This conclusion was reached by legal expert Irina Khiver. She referred to the approval on June 5 by the board of directors of the UAE Central Bank (CBUAE) of amendments to the regulation on the supervision and licensing of stablecoins. According […]

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ForkLog 17 24.06.2024

Tether Halts USDT Issuance on EOS and Algorand

From June 24, 2024, Tether will cease the issuance of its stablecoin USDT on the EOS and Algorand blockchains. Tether Announces Strategic Transition to Prioritize Community-Driven Blockchain SupportRead more: https://t.co/UCL1MJt2WO — Tether (@Tether_to) June 24, 2024 “Tether will continue to redeem USDT on EOS and Algorand as usual for the next 12 months,” the statement […]

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ForkLog 19 21.06.2024

Binance Integrates USDT on TON Network

The cryptocurrency exchange Binance has listed the stablecoin USDT on The Open Network (TON). Users can now deposit and withdraw the coin. The native token of the blockchain, Toncoin, remains unavailable for spot market trading, although futures based on it have been available since March. The TON price remained unaffected by the news, standing at […]

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ForkLog 15 17.06.2024

Tether Introduces Gold-Backed Digital Asset in Alloy Series

Tether, the issuer of USDT, has introduced the aUSDT token, backed by Tether Gold (XAUT), as part of its Alloy series of “pegged assets.” According to the press release, aUSDT aims to redefine stability in the digital economy by combining the benefits of a stable unit of account with the security and reliability of gold. […]

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ForkLog 10 17.06.2024

Tether Co-founder Attributes New Crypto ETFs to Wall Street’s ‘Greed’

The momentum of cryptocurrency exchange-traded funds (ETFs) is unlikely to wane following the launch of Ethereum ETFs, as Wall Street’s ‘greed’ will ensure the emergence of new instruments, according to Tether and WAX co-founder William Quigley in a conversation with Decrypt. In his view, the drive of major financial players for maximum profit will likely […]

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ForkLog 9 15.06.2024

Tether CEO Declares Bitcoin the Sole Decentralized Currency

Tether’s CEO Paolo Ardoino has declared Bitcoin as the only decentralized currency, distinguishing it among over 14,000 different digital assets, according to Cointelegraph. “Bitcoin is the only currency governed solely by mathematics, with an unchangeable foundation,” he explained. Ardoino noted that other currencies have developer teams working monthly to release new software and alter monetary […]

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ForkLog 23 11.06.2024

Tether to Invest Over $1 Billion in Startups Over the Next Year

Tether, the issuer of USDT, plans to allocate more than $1 billion to distribute among startups from “hundreds of venture proposals,” CEO Paolo Ardoino revealed in an interview with Bloomberg. According to the executive, the firm is focused on alternative financial infrastructure for emerging markets, artificial intelligence, and biotechnology. Over the past two years, Tether […]

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ForkLog 8 05.06.2024

Tether CEO Warns of Email Service Breach

A prominent email service provider used by cryptocurrency companies has been compromised, according to Tether CEO Paolo Ardoino. We received now 2 independent confirmations that a prominent vendor used by crypto companies to manage mailing lists might have been compromised. Not making names yet until investigation is completed, but please beware of any emails suggesting […]

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ForkLog 10 05.06.2024

Lugh Halts Stablecoin Issuance Ahead of MiCA Implementation

The European firm Lugh has announced the cessation of its stablecoin EURL issuance in anticipation of the MiCA regulation coming into effect. ? Annonce : MiCA : Lugh suspend son activité d’émission de stablecoin pic.twitter.com/RdXzJHBzY5 — Lugh (@LughStablecoin) June 4, 2024 The issuer has guaranteed the redemption of existing coins until August 30, 2024. Reimbursement […]

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ForkLog 54 31.05.2024

Tether Invests $100 Million in Bitdeer

Tether has invested $100 million in Jihan Wu’s bitcoin mining company, Bitdeer, in the form of equity capital. The deal includes a warrant for an additional 5,000,000 shares valued at $50 million. We are thrilled to announce that Tether International Limited has made a private placement financing of up to US$150 million in Bitdeer. This […]

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ForkLog 17 28.05.2024

Russian Metallurgical Giants Embrace USDT for International Transactions

At least two of Russia’s largest metal producers, not subject to sanctions, have begun using the stablecoin USDT and other cryptocurrencies for international transactions. This was reported by Bloomberg, citing company executives. According to them, the deals are primarily conducted with Chinese clients and suppliers. In some cases, transactions are routed through Hong Kong. The […]

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