Bitcoin Ethereum Glitch eQuad VEChain ChainLink Elrond Stellar CardanoCryptocurrency Australia
Tether, the entity behind the leading stablecoin USDT, reported a record net profit of $4.52 billion for the first quarter of 2024. It was primarily driven by gains from its substantial US Treasury holdings.
Read more
Tether has funneled $200 million into BlackRock Neurotech, securing its position as the majority stakeholder.
Read more
The US Treasury is raising alarms over Russia’s alleged use of the stablecoin Tether (USDT) to bypass international sanctions and sustain its military operations.
Undersecretary Wally Adeyemo highlighted this concern in a statement to the Senate Committee on Banking, Housing, and Urban Affairs.
Tether, a stablecoin issuer with a market capitalization surpassing $100 billion, has announced a strategic pivot towards Artificial Intelligence (AI).
This expansion signifies a bold move for the stablecoin giant, as it seeks to merge the blockchain industry and AI.
OKX, the world’s fourth-largest crypto exchange, is discontinuing Tether (USDT) trading pairs in the European Economic Area (EEA).
This decision aligns with the EU’s impending adoption of the Markets in Crypto-Assets (MiCA) regulation, set to be fully implemented on December 30, 2024.
Bitcoin soared past the $64,000 mark, reaching a high of $64,268 and setting a new annual record. This spike coincides with the Tether Treasury’s creation of 1 billion USDT.
This move has ignited widespread speculation and keen interest across the crypto sector.
Deltec Bank & Trust, a prominent financial institution in the Bahamas, faces legal action that accuses it of enabling FTX and its subsidiaries to benefit from Tether (USDT).
Allegedly, Sam Bankman-Fried’s Alameda Research boosted Tether’s growth through a clandestine credit line from Deltec.