Tether (USDT) | ForkLog

ForkLog 32 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 31 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 39 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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ForkLog 20 11.08.2024

Celsius Sues Tether for $2.4 Billion Over Bitcoin Collateral

The bankrupt lending platform Celsius has filed a lawsuit against Tether, seeking compensation of 39,542 BTC (approximately $2.4 billion). According to the document, the amount in question was collateral for a loan from the USDT stablecoin issuer. Tether requested additional collateral following a decline in Bitcoin’s price in early 2022. Celsius complied with Tether’s request, […]

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ForkLog 39 10.08.2024

Tether CEO Criticises MiCA as a Threat to Stablecoins and Banking

Paolo Ardoino criticised MiCA for its stringent rules requiring stablecoin issuers to hold at least 60% of reserves in the EU. The Tether CEO recalled the bankruptcy of Silicon Valley Bank, which led to the USDC depeg. By mid-2025, Tether will double its workforce, increasing the number of employees to 200. The European legislative proposal […]

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ForkLog 27 01.08.2024

Tether’s Net Profit Reaches $5.2 Billion in First Half of 2024

The company behind the USDT stablecoin, Tether, reported a record net profit of $5.2 billion for the period from January to June. According to the report, operating profit amounted to approximately $1.3 billion, primarily from interest income on US Treasury bills. Direct investments in these instruments exceeded $80.9 billion, and including cash and other equivalents, […]

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ForkLog 18 29.07.2024

Cantor Fitzgerald Ventures into Bitcoin-Backed Lending

Cantor Fitzgerald is set to launch a fiat lending business secured by bitcoin. This was announced by the CEO of the financial group, Howard Lutnick, as reported by The Block. The initial limit will be $2 billion, with plans to double it in the future. Clients of the company will effectively be able to leverage […]

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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 12 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 28 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 24 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 22 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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