Tether (USDT) | ForkLog

ForkLog 25 17.06.2024

Tether Introduces Gold-Backed Digital Asset in Alloy Series

Tether, the issuer of USDT, has introduced the aUSDT token, backed by Tether Gold (XAUT), as part of its Alloy series of “pegged assets.” According to the press release, aUSDT aims to redefine stability in the digital economy by combining the benefits of a stable unit of account with the security and reliability of gold. […]

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ForkLog 12 17.06.2024

Tether Co-founder Attributes New Crypto ETFs to Wall Street’s ‘Greed’

The momentum of cryptocurrency exchange-traded funds (ETFs) is unlikely to wane following the launch of Ethereum ETFs, as Wall Street’s ‘greed’ will ensure the emergence of new instruments, according to Tether and WAX co-founder William Quigley in a conversation with Decrypt. In his view, the drive of major financial players for maximum profit will likely […]

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ForkLog 10 15.06.2024

Tether CEO Declares Bitcoin the Sole Decentralized Currency

Tether’s CEO Paolo Ardoino has declared Bitcoin as the only decentralized currency, distinguishing it among over 14,000 different digital assets, according to Cointelegraph. “Bitcoin is the only currency governed solely by mathematics, with an unchangeable foundation,” he explained. Ardoino noted that other currencies have developer teams working monthly to release new software and alter monetary […]

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ForkLog 30 11.06.2024

Tether to Invest Over $1 Billion in Startups Over the Next Year

Tether, the issuer of USDT, plans to allocate more than $1 billion to distribute among startups from “hundreds of venture proposals,” CEO Paolo Ardoino revealed in an interview with Bloomberg. According to the executive, the firm is focused on alternative financial infrastructure for emerging markets, artificial intelligence, and biotechnology. Over the past two years, Tether […]

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ForkLog 11 05.06.2024

Tether CEO Warns of Email Service Breach

A prominent email service provider used by cryptocurrency companies has been compromised, according to Tether CEO Paolo Ardoino. We received now 2 independent confirmations that a prominent vendor used by crypto companies to manage mailing lists might have been compromised. Not making names yet until investigation is completed, but please beware of any emails suggesting […]

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ForkLog 17 05.06.2024

Lugh Halts Stablecoin Issuance Ahead of MiCA Implementation

The European firm Lugh has announced the cessation of its stablecoin EURL issuance in anticipation of the MiCA regulation coming into effect. ? Annonce : MiCA : Lugh suspend son activité d’émission de stablecoin pic.twitter.com/RdXzJHBzY5 — Lugh (@LughStablecoin) June 4, 2024 The issuer has guaranteed the redemption of existing coins until August 30, 2024. Reimbursement […]

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ForkLog 73 31.05.2024

Tether Invests $100 Million in Bitdeer

Tether has invested $100 million in Jihan Wu’s bitcoin mining company, Bitdeer, in the form of equity capital. The deal includes a warrant for an additional 5,000,000 shares valued at $50 million. We are thrilled to announce that Tether International Limited has made a private placement financing of up to US$150 million in Bitdeer. This […]

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ForkLog 18 28.05.2024

Russian Metallurgical Giants Embrace USDT for International Transactions

At least two of Russia’s largest metal producers, not subject to sanctions, have begun using the stablecoin USDT and other cryptocurrencies for international transactions. This was reported by Bloomberg, citing company executives. According to them, the deals are primarily conducted with Chinese clients and suppliers. In some cases, transactions are routed through Hong Kong. The […]

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ForkLog 25 23.05.2024

Stablecoin Market Capitalisation Surpasses $160 Billion

The combined market capitalisation of stablecoins has surpassed the $160 billion mark.

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ForkLog 19 23.05.2024

Russian Supreme Court Mandates Verification of Bitcoin Wallet Ownership in Legal Cases

The Supreme Court of Russia has ordered a retrial in a case concerning illicit enrichment through cryptocurrency, citing an unfounded decision by the appellate court. This was reported by RAPSI. According to the case details, the plaintiff lent the defendant 313,008 USDT with interest, but the defendant failed to repay. The plaintiff alleged unjust enrichment […]

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ForkLog 18 18.05.2024

Kraken Evaluates Potential Delisting of USDT in the EU

The cryptocurrency exchange Kraken is “actively reviewing” the status of the stablecoin USDT in light of new EU regulatory rules, reports Bloomberg. “We have contingency plans for all scenarios, including situations where listing specific tokens like USDT is simply not prudent. We are actively reviewing this matter and will make firm decisions once the position […]

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ForkLog 19 16.05.2024

Tether Partners with TON and Oobit to Enhance Crypto Payments

Tether, the issuer of the USDT stablecoin, has partnered with The Open Network (TON) and Oobit to “create a seamless cross-chain payment solution.”

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