Tether (USDT) | ForkLog

ForkLog 19 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 21 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 50 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 30 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 20 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 19 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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ForkLog 25 22.01.2024

Justin Sun and TRON Address UN Report on Illicit Use of USDT

Blockchain project TRON and its founder Justin Sun have responded to the UN experts’ findings regarding the popularity of Tether’s USDT as a tool for illicit financial activities. #Tron wholeheartedly supports the proposal of the United Nations, but we have different views on the professional facts and handling methods of blockchain technology. We welcome you […]

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ForkLog 45 18.01.2024

Tether Expands Bitcoin Holdings to $2.8 Billion

At the close of the fourth quarter of 2023, Tether acquired an additional 8,888 BTC valued at $380 million. The company’s balance now includes 66,465 BTC worth approximately $2.8 billion, reports The Block. The USDT issuer first purchased digital gold in September 2022, acquiring 33,980 BTC. The second-largest purchase occurred in March 2023, with 15,915 […]

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ForkLog 61 17.01.2024

Tether Seeks Trademark Registration in Russia

On January 12, cryptocurrency firm Tether filed applications for the registration of four trademarks in Russia. The relevant documents were published in the bulletin of the Federal Service for Intellectual Property on January 15. Source: Rospatent. The issuer of USDT is registering the following trademarks: Alloy by Tether (application 2024701810); AUSDT (2024701812); Tether Alloy (2024701813); […]

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ForkLog 45 16.01.2024

Tether Responds to UN Experts’ Allegations

Tether has expressed disappointment with the UN’s assessment of the use of the USDT stablecoin in illegal activities and the disregard for the asset’s role in emerging economies. Tether Challenges UN Report and Calls for Blockchain Education Read more ⬇️https://t.co/RM474wIiqo — Tether (@Tether_to) January 15, 2024 Earlier, the UN Office on Drugs and Crime noted […]

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ForkLog 46 15.01.2024

UN Highlights USDT’s Role in Money Laundering Schemes

The stablecoin USDT has become a popular tool among fraudsters and money launderers, according to a report by the United Nations Office on Drugs and Crime, as reported by the Financial Times. The organisation notes that the asset is increasingly used in romantic scams, the “pig butchering” scheme, and on the black market of online […]

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