Tether (USDT) | ForkLog

ForkLog 68 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 42 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 23 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 60 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 17 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 12 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 78 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 30 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 34 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 24 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 305 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 26 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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