Tether (USDT) | ForkLog

ForkLog 5 07.10.2024

Tether to Release Documentary Celebrating 10 Years of USDT

Tether is set to release a documentary about USDT and its impact on combating inflation in celebration of the stablecoin’s anniversary. ?Today marks 10 years of USD₮ ! To celebrate, we’re launching our documentary ‘Stability and Freedom in Chaos’ soon. Dive into the journey of how $USDT has become a lifeline for millions, fighting inflation […]

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ForkLog 21 05.10.2024

Tether’s Paolo Ardoino: A Key Ally of the US Government

Paolo Ardoino, head of the stablecoin USDT issuer Tether, stated in an interview with Cointelegraph that the company is doing everything possible to maintain good relations with the United States. According to him, the firm manages this “much better” than its competitors, thanks to efforts in compliance and cooperation with authorities. An additional reason for […]

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ForkLog 16 02.10.2024

CryptoQuant Predicts Bitcoin Surge Amid Fiat Influx into Stablecoins

Between August and September, stablecoin capitalization increased by $8.73 billion, signaling a bullish trend. Institutional investors are converting funds into stablecoins in light of the Federal Reserve’s monetary policy easing cycle. The CEO of Tether described USDT and the dollar as “friends.” The rise in stablecoin capitalization during August and September could extend the upward […]

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ForkLog 34 28.09.2024

Tether Aids in Freezing $6 Million from Crypto Fraudsters

Tether, the issuer of the stablecoin USDT, has assisted the U.S. Department of Justice in seizing assets worth over $6 million linked to crypto fraudsters from Southeast Asia. Tether Assists U.S. Department of Justice in Seizing Over $6 Million in Alleged Proceeds Linked to Crypto-Confidence SchemeRead more: https://t.co/ZVruF5UhvP — Tether (@Tether_to) September 27, 2024 The […]

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ForkLog 114 20.09.2024

Tether Faces Renewed Criticism Over Transparency and Business Structure

Concerns about Tether’s transparency and business structure evoke memories of the FTX collapse, according to a thread by Cyber Capital founder Justin Bons. 2/17) The potential for collapse here is greater than Terra Luna! Making it one of the biggest existential threats to crypto as a whole As we have to trust they hold $118B […]

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ForkLog 44 19.09.2024

Tether Responds to Comparisons with FTX and Alameda Research

350 million users engage in transactions with USDT, and its issuer collaborates with 180 institutions across 45 jurisdictions. Such information was presented by Tether Limited. The company described the stablecoin it manages as a “cornerstone in modern financial ecosystems.” According to the issuer, Tether is committed to consumer protection and regulatory compliance. This is reflected […]

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ForkLog 17 17.09.2024

TON Foundation and Curve Finance to Launch Stablecoin DEX

Developers from Curve Finance and TON Foundation are set to create a platform for stablecoin trading on the Telegram Open Network blockchain. The AMM mechanism from Curve is expected to simplify the exchange of “stablecoins,” enhance user experience, and minimize price impact. The project’s advisor will be the founder of the DEX, Mikhail Egorov. A […]

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ForkLog 62 13.09.2024

Tether Faces Criticism Over Lack of Reserve Audit, Drawing Comparisons to FTX

The consumer advocacy group Consumers’ Research has released a report accusing Tether of lacking transparency regarding its US dollar reserves. The group claims that the issuer of USDT, despite numerous promises, has yet to conduct a full independent audit of the stablecoin’s backing. The report draws parallels with the situation that led to the collapse […]

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ForkLog 29 10.09.2024

Tether, TRON, and TRM Labs Form Alliance to Combat Illicit USDT Activities

Tether, TRON, and TRM Labs have established the T3 Financial Crime Unit (T3 FCU) to tackle financial crimes. The focus will be on preventing illegal use of USDT on the TRON blockchain. The TRON blockchain accounts for 60.78 billion tokens out of 118.37 billion in circulation, representing a 51.34% share, according to the stablecoin issuer’s […]

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ForkLog 8 10.09.2024

Analysts Observe Influx of USDT to Bitcoin Exchanges

Since August, the volume of USDT on cryptocurrency exchanges has been rapidly increasing. Given that from March to July, the dynamics showed no significant fluctuations amid turbulence, this is a notable change, according to CryptoQuant. “The growth of stablecoin balances on CEX is perceived as an increase in long potential, which will positively affect the […]

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ForkLog 47 26.08.2024

Stablecoin Market Capitalization Reaches Record $168 Billion

The combined market capitalization of stablecoins has reached a new all-time high of $168 billion, marking an 11-month streak of growth. And just like that, we’re at a new all-time high. Total stablecoin market cap, excluding algorithmic stables, is now at the highest point ever, surpassing its previous high from early 2022. New money is […]

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ForkLog 27 25.08.2024

Tether Aids Law Enforcement in Recovering $108 Million in USDT Since 2014

Tether has assisted 145 law enforcement agencies across 40 jurisdictions in recovering over $108.8 million in USDT since its inception in 2014. This was reported in the stablecoin issuer’s blog. “Tether’s proactive approach to assisting law enforcement underscores its commitment to transparency and accountability in the crypto industry,” the company stated. According to the announcement, […]

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