Tether (USDT) | ForkLog

ForkLog 9 23.01.2025

HTX to Distribute $11,000 for Flexible Loan Usage in USDT

The cryptocurrency exchange HTX has launched the fourth phase of its “Borrow and Earn” campaign, dedicated to the introduction of flexible loans. As part of the event, the platform will distribute 5 billion HTX (~$11,000), according to the company’s blog. To participate, users must borrow USDT by February 4. Seventeen crypto assets can be used […]

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ForkLog 6 17.01.2025

Tether weighs expanding its US operations

USDT issuer Tether is considering expanding its US operations amid hopes for a friendlier crypto policy in the country, the company’s head Paolo Ardoino said in an interview with Bloomberg Television. “I do not rule out that Tether could move somewhat closer to having a presence in the US, but we are also doing this […]

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ForkLog 45 17.01.2025

Tether launches cross-chain stablecoin USDT0 on Kraken’s Ink L2

Launched by Kraken, the Ink network is the first Ethereum layer-2 to deploy the cross-chain stablecoin USDT0, the exchange said in its blog. Ink is built on Optimism’s technology and is compatible with all networks on the OP Stack. Kraken’s rivals have launched their own OP-based DeFi layer-2s, including Coinbase’s Base and Unichain from Uniswap. […]

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ForkLog 16 15.01.2025

Tether sues Swan Bitcoin over bitcoin-mining venture

Stablecoin issuer Tether has filed a lawsuit against crypto finance firm Swan Bitcoin, alleging a “material breach” of agreements for a joint bitcoin-mining venture, Cointelegraph reported. In 2022 the partners formed a JV called 2040 Energy to mine cryptocurrency. Under the arrangement, Tether provided financing and Swan handled operations. In September 2024 the latter accused […]

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ForkLog 16 13.01.2025

Tether to move its headquarters to El Salvador

Tether and its subsidiaries are “completing all formalities” to relocate to El Salvador after securing a digital-asset service provider licence as a stablecoin issuer, according to a press release. “[…] The decision marked a step on Tether’s path to facilitating global bitcoin adoption. It strengthens the company’s position in one of the most advanced markets […]

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ForkLog 19 13.01.2025

New York attorney-general to serve suspected crypto fraudsters with NFTs

As part of a fraud probe, New York attorney-general Letitia James will send suspected offenders notice of the proceedings in the form of an NFT. According to investigators, from January to June 2024 a group of scammers sent US residents messages offering remote jobs on behalf of real companies. The “work” consisted of writing online […]

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ForkLog 222 31.12.2024

Coinbase’s Advantage and Traders’ Revenue Decline Amid Potential USDT Ban in the EU

Cryptocurrency exchanges registered in the EU are gradually phasing out the stablecoin USDT as the MiCA regulation comes into effect, given that its issuer, Tether, has yet to obtain the necessary license. Experts consulted by ForkLog suggest that Coinbase could emerge as the primary beneficiary of this market shift. Its partner company, Circle, already holds […]

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ForkLog 15 31.12.2024

USDT Market Capitalisation Declines Amid MiCA Implementation

On December 30, the EU’s MiCA regulation for digital assets came into effect. The market capitalisation of the leading stablecoin USDT declined from over $141 billion in mid-month to approximately $137.5 billion. The new rules impose stringent requirements on stablecoin issuers, including licensing, reserve standards, and liquidity norms. Agne Linge from WeFi commented to The […]

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ForkLog 9 30.12.2024

Tether CEO Criticizes MiCA as a ‘Gift to Banks’

The current draft of the MiCA law in the EU is described as a “massive gift” to the traditional banking system, according to Paolo Diomede from The Graph. MiCA is nothing but a massive gift to the traditional banking system. Forcing stablecoin issuers to hold >30% of their liquidity in banks only ensures more profits […]

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ForkLog 32 27.12.2024

USDT’s Legal Status Under MiCA Remains Uncertain

The lack of clear guidance from officials leaves the future of the USDT stablecoin in the EU ambiguous following the full implementation of the MiCA legislation. This was stated by Juan Ignacio Ibañez, a member of the MiCA Crypto Alliance’s technical committee, in an interview with Cointelegraph. “No regulator has explicitly stated that USDT does […]

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ForkLog 7 27.12.2024

Brazil’s Potential Ban on USDT Transfers to Non-Custodial Wallets Sparks Industry Reaction

The Bank of Brazil’s proposed ban on stablecoin transfers to non-custodial wallets could drive a shift towards decentralization, according to Cointelegraph, citing industry representatives. On November 29, the regulator proposed banning transfers of foreign currency-denominated stablecoins to non-custodial wallets. The document is open for public consultation until February 28, 2025. The use of stablecoins in […]

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ForkLog 8 21.12.2024

Tether Commits $775 Million to Rival YouTube

Tether, the issuer of the popular stablecoin USDT, has announced a strategic investment of $775 million in the Canadian video hosting and cloud storage platform Rumble, aiming to foster decentralized and community-owned media platforms.

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