Tether (USDT) | ForkLog

ForkLog 25 26.11.2024

Ethereum Surpasses TRON in Tether Supply

Ethereum has regained its dominance in the supply of USDT stablecoins after TRON took the lead in August 2022, according to DeFi Llama. The blockchain of the second-largest cryptocurrency by market capitalization has issued tokens worth $60.3 billion, while its competitor’s network holds nearly $58 billion. Over the past month, the former figure increased by […]

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ForkLog 38 24.11.2024

Cantor Fitzgerald Secures 5% Stake in Tether, Reports WSJ

Financial firm Cantor Fitzgerald has agreed to acquire a 5% stake in stablecoin issuer Tether for $600 million, according to WSJ, citing its own sources. Howard Lutnick, CEO and principal shareholder of Cantor Fitzgerald, serves as co-chair of the transition team for U.S. President-elect Donald Trump. On November 19, Trump nominated the entrepreneur for the […]

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ForkLog 21 18.11.2024

Kraken and Tether Back Launch of EU-Regulated Stablecoins

The Dutch fintech firm Quantoz has announced the launch of two stablecoins compliant with MiCA regulations, following investments from Fabric Ventures, Kraken, and Tether. Quantoz Payments Issues Euro and US Dollar Stablecoins and receives an investment from Fabric Ventures, Kraken and Tether. Read the full press release with statements from @ahansjee (@fabric_vc), @marklg (@krakenfx), @paoloardoino […]

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ForkLog 45 15.11.2024

Traditional Finance to Propel RWA Market Growth, Says Expert; Tether Joins the Fray

Traditional financial institutions are poised to be the primary drivers of growth in the asset tokenization market, according to Jesse Knutson, COO of Bitfinex Securities, in an interview with Cointelegraph. “[Currently] it is the more agile institutions, like family offices, that can move quickly. I believe they will have a significant impact in these early […]

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ForkLog 19 08.11.2024

Tether Facilitates $45 Million Oil Deal

Tether’s investment arm has financed a crude oil supply deal worth $45 million in USDT, according to a press release. The transaction, involving a total of 670,000 barrels, was conducted back in October by an unnamed “major” Middle Eastern oil firm and a commodity trader. The intermediary was Tether Trade Finance, a division of Tether […]

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ForkLog 13 04.11.2024

Tether Explores USDT Gas Payment Mechanism

Various Layer 2 solutions are working to support USDT for gas payments, according to Paolo Ardoino, CEO of the stablecoin issuer Tether. I hear again few rumors about a Tether Chain.Tether is not planning to build an official blockchain at this time.Simply different independent L2 solutions are working to support $USDt for gas fees. — […]

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ForkLog 12 01.11.2024

Tether’s Net Profit Reaches $7.7 Billion in 2024

In the third quarter, Tether, the issuer of the USDT stablecoin, reported a net profit of $2.5 billion. Since the beginning of the year, this figure has reached $7.7 billion. Tether Hits $7.7 billion 2024 Nine-Month Profits, $102.5 billion in U.S. Treasury Holdings, Almost $120 billion USD₮ Circulation, and an Over $6 billion Reserve Buffer […]

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ForkLog 33 28.10.2024

Coinbase and Tether Unveil AI Tools

Coinbase has launched a service for developing AI agents to manage cryptocurrency wallets, while Tether has introduced a tool for creating privacy-focused applications. Based Agent from the crypto exchange allows users to set up an AI assistant in “less than three minutes.” It can perform various tasks such as exchanges and staking. Introducing Based Agent: […]

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ForkLog 59 26.10.2024

Paolo Ardoino Refutes WSJ Article on US Investigation into Tether

US authorities are investigating Tether, the issuer of USDT, for potential violations of sanctions and anti-money laundering regulations, according to The Wall Street Journal, citing sources. The newspaper reports that the Manhattan District Attorney’s office is examining whether the company’s stablecoin was used by third parties for illegal activities such as terrorism, drug trafficking, and […]

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ForkLog 145 17.10.2024

How to pay down America’s national debt with crypto—and why

The International Monetary Fund (IMF) has published a report stating that global public debt will exceed $100 trillion by 2030, or about 93% of world GDP. Roughly a third of that ($35 trillion) is accounted for by the United States. Parts of the community are debating whether crypto-market tools could help solve America’s debt problem. […]

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ForkLog 31 16.10.2024

Tether Reports 330 Million USDT Users

As of the end of the third quarter of 2024, the stablecoin USDT is utilized by 330 million cryptocurrency wallets and on-chain accounts, according to its issuer, Tether. Tether Insights Vol 1 How Many USDt Users Are There? Read more: https://t.co/KWycnb6xDfhttps://t.co/sZwx9tUtJ8 — Tether (@Tether_to) October 16, 2024 The company compared this figure to the population […]

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ForkLog 9 15.10.2024

Tether Explores Lending Opportunities in Commodity Trading

The issuer of the stablecoin USDT, Tether, is exploring opportunities in commodity trading, according to its CEO Paolo Ardoino, as reported by The Block. The executive noted that this venture will be conducted by a firm not associated with the “stablecoin” business. “This direction will not impact the stablecoin reserves,” assured Ardoino. Sources from Bloomberg […]

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