At a time when USDT is touching new market cap highs, the other stablecoins are struggling to keep their market dominance.
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Category: Tether
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TRC-20 USDT circulation hits record high 5 years after Tron mainnet launch
Over 60% of USDT’s supply is currently issued on the Tron blockchain, according to Tether data.
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Tether moves into Bitcoin mining in Uruguay
As part of its expansion into mining, Tether cited Uruguay’s capability of generating 94% of its electricity from renewable sources, including wind and solar.
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USDT market share jumps amid economic uncertainty, USDC shrinks
Over the past year, Circle’s USD Coin has seen its market share decline from 34.88% to 23.05%. Tether’s USDT shows a contrasting picture.
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Crypto Biz: Tether flees from banks, Ledger’s backdoor for seed phrases and more
This week’s Crypto Biz explores Tether’s first quarter audit, Ripple’s partial victory against the SEC, Worldcoin fundraising and Ledger’s controversial recovery service.
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Strike moves global headquarters to El Salvador, expands to 65 countries
According to Strike CEO Jack Mallers, the expansion drive aims to counter the “clouded world of crypto exchanges and hidden, unregistered licensing regimes and 1,000 different coins.”
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Tether, KriptonMarket to support USDT transactions at Argentina’s Central Market
The Central Market supplies over 12 million people per month in Argentina. The move will allow companies to accept and pay bills with USDT.
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Stablecoin issuers have spent over $1.3M lobbying Congress since 2022
Tether and Circle have been leading lobbying efforts among stablecoin issuers as they push for legislation and regulations for stablecoins.
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Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin
Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized the company’s possession of bitcoin reserves worth $1.5 billion. Tether’s Strategic Shift: Profits to Fuel Bitcoin Acquisition Tether, the company behind the crypto economy’s largest […]Powered by WPeMatico
Tether to buy Bitcoin based on monthly net profits
Tether said that Bitcoin’s decentralized nature and its long-term store of value made it an obvious choice for the stablecoin issuer.
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