Tether (USDT) | ForkLog

ForkLog 14 29.03.2024

TRM Confirms TRON’s Dominance in Illicit Crypto Transactions

In 2023, the TRON blockchain accounted for 45% of all illicit cryptocurrency transactions. This primarily involved the USDT stablecoin from Tether, according to TRM Labs experts. Our Illicit Crypto Economy Report covers eight key trends we’re tracking from 2023, including a drop in overall illicit volume year-on-year. Get your copy here: https://t.co/zAVIymATB5. — TRM Labs […]

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ForkLog 10 28.03.2024

US and UK Investigate Garantex Over $20 Billion USDT Transfers

Authorities in the US and UK are investigating USDT transfers amounting to $20 billion through the Russian exchange Garantex. This was reported by Bloomberg, citing informed sources. According to these sources, the investigation is part of efforts to combat sanctions evasion. All stablecoin transactions occurred after April 2022, when Garantex was added to the US […]

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ForkLog 14 27.03.2024

Tether Expands into Artificial Intelligence Sector

Tether Operations Limited announced a strategic expansion into the artificial intelligence industry. “AI is poised to revolutionize virtually every aspect of our lives, both in the real and digital worlds,” noted Tether CEO Paolo Ardoino. According to the press release, this move underscores the company’s commitment to enhancing the accessibility and efficiency of AI, as […]

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ForkLog 21 18.03.2024

OKX to Remove USDT Trading Pairs in Europe, Reports Suggest

The cryptocurrency exchange OKX is set to delist trading pairs with the Tether stablecoin USDT for clients in the EEA. This was reported by The Block. The publication cites an email received by a European trader, attributing the decision to the upcoming implementation of the European Union’s cryptocurrency regulation bill (Markets in Crypto Assets, MiCA). […]

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ForkLog 10 12.03.2024

Bitcoin’s Record Highs Enhance Liquidity, Reports Kaiko

Bitcoin’s new all-time high has led to record liquidity depth and a return of trading volumes to 2021 levels. Tether’s market capitalization has reached a historic high of $100 billion. Funding rates remain near peaks, indicating sustained high demand. The market depth of Bitcoin, in terms of the value of orders within 2% of the […]

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ForkLog 11 11.03.2024

Tether to Launch USDT on Celo Blockchain

Tether will introduce its stablecoin USDT on the EVM-compatible layer-one blockchain Celo. Tether Token (USDT) to Launch on @Celo Read more: https://t.co/KJ5emdMmXl pic.twitter.com/yTDkzKnhev — Tether (@Tether_to) March 11, 2024 According to the statement, the network’s ecosystem encompasses over 1,000 projects across more than 150 countries. Tether considers one of the integration’s advantages to be the […]

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ForkLog 10 07.03.2024

Tether to Aid Uzbekistan in Developing Digital Som

NAPP of Uzbekistan and Tether have signed a memorandum of understanding to advance blockchain infrastructure in the country. Tether signs MOU with National Agency of Perspective Projects (NAPP) of the Republic of Uzbekistan’s to explore and promote the development and adoption of #bitcoin, stablecoins, blockchain technology, P2P, and digital asset tokenization in Uzbekistan??https://t.co/XpveWOWP6i pic.twitter.com/jBvxEK7Lf5 — […]

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ForkLog 33 04.03.2024

Tether Introduces USDT Recovery Tool

Tether, the issuer of the USDT stablecoin, has unveiled an asset recovery tool. Safeguarding Tether Tokens: A Comprehensive Approach to Blockchain Resilience and User Protection Read more: https://t.co/2Cc5Bnixh2 — Tether (@Tether_to) March 4, 2024 The tool will enable the transfer of USDT between blockchains in the event of a failure in one of the supported […]

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ForkLog 12 28.02.2024

Tether CEO Predicts Wall Street’s Growing Investment in Bitcoin ETFs

Bitcoin is set to further integrate into TradFi as interest in Bitcoin-based ETFs grows among institutions and corporations, according to Tether CEO Paolo Ardoino, reports The Block. The executive estimates an increasing number of managers are willing to allocate up to 5% of their assets to digital gold. He predicted that following the attainment of […]

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ForkLog 17 16.02.2024

JPMorgan Highlights US Regulatory Influence Over Tether’s USDT

The allure of Tether’s USDT compared to other stablecoins is likely to diminish as forthcoming US regulations demand greater transparency and adherence to new KYC/AML standards, according to JPMorgan. This was reported by CoinDesk, citing an analyst report. Although Tether operates outside the United States, regulators can exert “some control” over the offshore use of […]

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ForkLog 12 02.02.2024

JPMorgan Highlights Risks to Industry from Tether’s Dominance

The increasing dominance of Tether poses a negative factor for the stablecoin market and the broader crypto ecosystem, according to analysts at JPMorgan, reports The Block. Data: JPMorgan. “Tether is at risk due to a lack of regulatory compliance and transparency,” the report states. Experts noted the US Congress’s consideration of the Stablecoin Transparency Act […]

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ForkLog 12 01.02.2024

Tether’s Q4 Net Profit Reaches $2.9 Billion

Tether, the issuer of the USDT stablecoin, reported a record net profit of $2.9 billion for the October-December period, according to its attestation report. Of this amount, $1 billion was attributed to interest from U.S. Treasury bonds, with the remaining sum resulting from positive revaluation of reserves in gold and bitcoin. The net profit for […]

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