Tether (USDT) | ForkLog

ForkLog 21 23.05.2024

Stablecoin Market Capitalisation Surpasses $160 Billion

The combined market capitalisation of stablecoins has surpassed the $160 billion mark.

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ForkLog 15 23.05.2024

Russian Supreme Court Mandates Verification of Bitcoin Wallet Ownership in Legal Cases

The Supreme Court of Russia has ordered a retrial in a case concerning illicit enrichment through cryptocurrency, citing an unfounded decision by the appellate court. This was reported by RAPSI. According to the case details, the plaintiff lent the defendant 313,008 USDT with interest, but the defendant failed to repay. The plaintiff alleged unjust enrichment […]

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ForkLog 11 18.05.2024

Kraken Evaluates Potential Delisting of USDT in the EU

The cryptocurrency exchange Kraken is “actively reviewing” the status of the stablecoin USDT in light of new EU regulatory rules, reports Bloomberg. “We have contingency plans for all scenarios, including situations where listing specific tokens like USDT is simply not prudent. We are actively reviewing this matter and will make firm decisions once the position […]

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ForkLog 14 16.05.2024

Tether Partners with TON and Oobit to Enhance Crypto Payments

Tether, the issuer of the USDT stablecoin, has partnered with The Open Network (TON) and Oobit to “create a seamless cross-chain payment solution.”

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ForkLog 20 15.05.2024

Chinese Authorities Dismantle Underground Bank Handling $1.9 Billion in USDT

The Municipal Public Security Bureau of Chengdu, Sichuan Province, with the assistance of colleagues, has halted the operations of an underground cryptocurrency bank that provided financial services to smugglers and those seeking to transfer assets abroad. This was reported by local media. To evade national currency oversight, the suspects utilized USDT in their operations, conducting […]

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ForkLog 9 14.05.2024

Ripple CEO Denies Attacking Tether

Ripple CEO Brad Garlinghouse clarified that his recent comments on the World Class podcast were not an attack on USDT, contrary to how Paolo Ardoino, the head of the stablecoin issuer, portrayed them. I wasn’t attacking Tether…the next words out of my mouth during the podcast were that I view Tether as a hugely important […]

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ForkLog 14 13.05.2024

AvanChange Celebrates Tether’s Launch on TON with 1000 USDT Giveaway

The cryptocurrency exchange AvanChange has introduced support for the stablecoin Tether (USDT) on The Open Network (TON) blockchain and announced a giveaway of 1000 USDT to mark the occasion. To participate, users must register on AvanChange and complete tasks on the promotion page. Organizers will distribute tickets to users and conduct a draw among ticket […]

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ForkLog 8 13.05.2024

Ripple CEO Suggests US Authorities Targeting Tether

The US government is closely monitoring Tether’s activities, with potential regulatory measures that could significantly impact the industry, according to Ripple CEO Brad Garlinghouse. “The US government is going to pursue Tether. This is obvious to me. I view USDT as a very important part of the ecosystem and do not know what impact this […]

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ForkLog 19 10.05.2024

Deutsche Bank Highlights Stablecoin Risks; Tether Responds with Criticism

Analysts at Deutsche Bank Research have suggested that most stablecoins are doomed to lose their peg and disappear. The experts examined 334 pegged currencies since 1800 and found that 49% of such assets failed, with an average lifespan of eight to ten years. The main reasons for these failures were macroeconomic vulnerability, speculation, and governance […]

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ForkLog 37 06.05.2024

Cartier Heir Accused of Laundering Drug Cartel Money via USDT

The Southern District of New York’s prosecutor charged a member of the Cartier family and five Colombian nationals with laundering drug trafficking proceeds through the stablecoin USDT. Authorities allege the individuals were part of a money laundering network operating in the US and Colombia, utilizing a system of brokers and shell companies in their illicit […]

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ForkLog 15 03.05.2024

Tether and Chainalysis to Develop Secondary Market Monitoring Solution

Tether, the issuer of USDT, and security firm Chainalysis have entered into a partnership to create a system for tracking activity in the secondary market. According to the press release, this pertains to “transactions occurring within the broader USDT ecosystem beyond the limited liability organizations that directly buy and sell the stablecoin.” “The solution allows […]

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ForkLog 32 01.05.2024

Tether’s Q1 Net Profit Reaches a Record $4.5 Billion

The company behind the USDT stablecoin, Tether, reported a record net profit of $4.52 billion for the January-March period. According to the report, the issuer earned approximately $1 billion from operating profit, primarily as interest income from U.S. Treasury bills. Direct investments in these instruments exceeded $74.2 billion, with a total of $92.7 billion when […]

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