Tether (USDT) | ForkLog

ForkLog 18 23.08.2024

Tether Abandons Plans for Proprietary Blockchain Amid Market Saturation

Tether Holdings, the issuer of USDT, considered launching its own blockchain but ultimately abandoned the idea due to market saturation, according to Bloomberg. The company’s CEO, Paolo Ardoino, stated that the decision was influenced by the basic economic principle of supply and demand equilibrium. “We are very knowledgeable about technology. In the future, blockchain will […]

AI translated

ForkLog 32 21.08.2024

Tether to Launch UAE Dirham-Pegged Stablecoin

Tether has announced plans to develop a stablecoin pegged to the United Arab Emirates Dirham (AED). Tether to Develop UAE Dirham-Pegged Stablecoin Read more:https://t.co/dkiDAI0y15 — Tether (@Tether_to) August 21, 2024 The launch of the asset is planned in partnership with the local technology conglomerate Phoenix Group, supported by Green Acorn Investments. According to the statement, […]

AI translated

ForkLog 32 19.08.2024

Tether Announces USDT Launch on Aptos Network

Tether has announced plans to soon support the Aptos Network blockchain for the launch of its stablecoin, USDT. Tether (USD₮) To Launch on Aptos BlockchainLearn more: https://t.co/oAZcqa5RRv pic.twitter.com/0Mp7Lwm82b — Tether (@Tether_to) August 19, 2024 The issuer of the “stablecoin” highlighted the speed and scalability of Aptos’s infrastructure, low transaction fees, and its “reliable developer community.” […]

AI translated

ForkLog 40 13.08.2024

Tether to Challenge Tech Giants in AI Sector

Tether plans to invest in the AI sector by promoting decentralization and Bitcoin ethics, such as freedom of speech and access to technology and finance. This was revealed by the company’s CEO, Paolo Ardoino, in an interview with WIRED. “The concept of decentralization can be applied to various fields, such as artificial intelligence. We see […]

AI translated

ForkLog 20 11.08.2024

Celsius Sues Tether for $2.4 Billion Over Bitcoin Collateral

The bankrupt lending platform Celsius has filed a lawsuit against Tether, seeking compensation of 39,542 BTC (approximately $2.4 billion). According to the document, the amount in question was collateral for a loan from the USDT stablecoin issuer. Tether requested additional collateral following a decline in Bitcoin’s price in early 2022. Celsius complied with Tether’s request, […]

AI translated

ForkLog 40 10.08.2024

Tether CEO Criticises MiCA as a Threat to Stablecoins and Banking

Paolo Ardoino criticised MiCA for its stringent rules requiring stablecoin issuers to hold at least 60% of reserves in the EU. The Tether CEO recalled the bankruptcy of Silicon Valley Bank, which led to the USDC depeg. By mid-2025, Tether will double its workforce, increasing the number of employees to 200. The European legislative proposal […]

AI translated

ForkLog 27 01.08.2024

Tether’s Net Profit Reaches $5.2 Billion in First Half of 2024

The company behind the USDT stablecoin, Tether, reported a record net profit of $5.2 billion for the period from January to June. According to the report, operating profit amounted to approximately $1.3 billion, primarily from interest income on US Treasury bills. Direct investments in these instruments exceeded $80.9 billion, and including cash and other equivalents, […]

AI translated

ForkLog 18 29.07.2024

Cantor Fitzgerald Ventures into Bitcoin-Backed Lending

Cantor Fitzgerald is set to launch a fiat lending business secured by bitcoin. This was announced by the CEO of the financial group, Howard Lutnick, as reported by The Block. The initial limit will be $2 billion, with plans to double it in the future. Clients of the company will effectively be able to leverage […]

AI translated

ForkLog 11 26.06.2024

USDT Supply on TON Network Surpasses $500 Million

The market supply of USDT issued on The Open Network (TON) has approached $520 million.

AI translated

ForkLog 12 26.06.2024

Legal Expert Criticizes UAE’s New Cryptocurrency Regulations

The updated regulations in the UAE could potentially ban cryptocurrency payments in the country. This conclusion was reached by legal expert Irina Khiver. She referred to the approval on June 5 by the board of directors of the UAE Central Bank (CBUAE) of amendments to the regulation on the supervision and licensing of stablecoins. According […]

AI translated

ForkLog 30 24.06.2024

Tether Halts USDT Issuance on EOS and Algorand

From June 24, 2024, Tether will cease the issuance of its stablecoin USDT on the EOS and Algorand blockchains. Tether Announces Strategic Transition to Prioritize Community-Driven Blockchain SupportRead more: https://t.co/UCL1MJt2WO — Tether (@Tether_to) June 24, 2024 “Tether will continue to redeem USDT on EOS and Algorand as usual for the next 12 months,” the statement […]

AI translated

ForkLog 26 21.06.2024

Binance Integrates USDT on TON Network

The cryptocurrency exchange Binance has listed the stablecoin USDT on The Open Network (TON). Users can now deposit and withdraw the coin. The native token of the blockchain, Toncoin, remains unavailable for spot market trading, although futures based on it have been available since March. The TON price remained unaffected by the news, standing at […]

AI translated

#Tether (USDT)