Tether (USDT) | ForkLog

ForkLog 6 14.02.2025

Tether CEO Challenges JPMorgan’s US Regulatory Analysis

Tether is confident in its “simple” adaptation to US stablecoin regulations and disagrees with JPMorgan analysts’ conclusions about the need to sell bitcoins. This was stated by USDT issuer’s CEO Paolo Ardoino to The Block. On February 13, bank specialists claimed that the company would face the necessity of selling bitcoins to comply with US […]

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ForkLog 11 13.02.2025

JPMorgan Outlines Conditions for Tether’s Compliance with US Regulations

Tether may need to sell its Bitcoin holdings to comply with proposed US stablecoin regulations, according to JPMorgan, as reported by The Block. Analysts estimate that only 66%-83% of USDT reserves meet the requirements. Data: JPMorgan. Data: JPMorgan. The experts’ conclusions are based on the proposed Stablecoin Transparency and Accountability for Better Economic Spreadsheet (STABLE) […]

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ForkLog 17 07.02.2025

Killing altcoins with a blunt instrument

On 30 January 2025, Tether announced the launch of USDT on Bitcoin’s layer-two Lightning Network (LN). Although Paolo Ardoino has said that for the company any blockchain “is just a transport layer”, it has always openly championed the first cryptocurrency. Tether regularly allocates up to 15% of net profits to buy BTC and invests in […]

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ForkLog 13 05.02.2025

Tether to Develop AI Application for Bitcoin Wallets

One of Tether’s divisions, Data, is developing several AI-based applications, including a translator, voice assistant, and assistant for bitcoin wallets, according to the company’s CEO, Paolo Ardoino. Tether Data, preview of some of the AI apps we’re developing: AI translate, AI voice assistant, AI bitcoin wallet assistant. Tether will launch soon its own AI SDK […]

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ForkLog 49 01.02.2025

Tether Reports $13 Billion in Net Profit

Tether, the issuer of the most popular stablecoin USDT, has announced a record net profit of $13 billion for the year 2024.

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ForkLog 21 31.01.2025

Tether Integrates USDT into Bitcoin Ecosystem

Tether has introduced support for its stablecoin USDT within the Bitcoin ecosystem, both at the base layer and on the Lightning Network. This integration was made possible through the Taproot Assets protocol from Lightning Labs. The initiative provides a scalable, seamless payment solution with options such as microtransactions, remittances, and cross-border settlements. Tether and Lightning […]

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ForkLog 12 29.01.2025

Elizabeth Warren Questions Ties Between U.S. Commerce Secretary Nominee and Tether

Senator Elizabeth Warren has expressed “serious concern” over Howard Lutnick’s “personal ties” with Tether and its affiliates. This was stated in her letter to the nominee for the U.S. Commerce Secretary position. The anti-crypto senator raised questions about the collaboration between Tether and Cantor Fitzgerald, where Lutnick served as CEO. She described the stablecoin issuer […]

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ForkLog 47 28.01.2025

Ransom Demanded for Kidnapped Ledger Co-Founder Revealed

The kidnappers of Ledger co-founder David Balland in France demanded a ransom of €10 million ($10.4 million), according to Le Parisien. In a bid to expedite the payment, the criminals severed one of the businessman’s fingers and sent a video of the act to Balland’s colleague, Eric Larchevêque. Investigators permitted Larchevêque to transfer part of […]

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ForkLog 14 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 10 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 57 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 17 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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