Tether mulls lending to commodity traders: Report
The USDT issuer needs ways to deploy billions of dollars in profits, and commodity traders could benefit from expanded credit. Go to Source
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Crypto Biz: Tether’s 10 years with meteoric growth, ties to US, European hurdles
Tether has achieved its first 10 years with a considerable jump in its user base, a closer relationship with US authorities and fresh regulatory challenges in Europe. Go to Source
USDT Faces Downward Pressure as Investors Pivot to Stocks in China
USDT, the largest stablecoin in the crypto market, has marginally lost its peg to the U.S. dollar, trading at less than $1 since September 30. Analysts believe this is a byproduct of large outflows from China as crypto investors turn to the national stock market to participate in the bull run following the announcement of … Read more
Is Tether’s USDT stablecoin ‘noncompliant’ with EU’s MiCA regulations?
The European Securities and Markets Authority declined to disclose whether USDt is “noncompliant” but said it is working on solutions to issues in the framework. Go to Source
Argentina overtakes Brazil in crypto inflows — Chainalysis
Argentina’s stablecoin market is one of the largest in the world in terms of share of stablecoin transactions, beating the global average by 17%. Go to Source
Cryptoquant: Stablecoin Liquidity Surges to Record Highs as Ripple Introduces RLUSD
Stablecoin liquidity reached unprecedented levels in September 2024, boosting overall cryptocurrency market activity. Meanwhile, Ripple made a notable entrance into the stablecoin space with its newly launched RLUSD, expanding its influence in the financial landscape. Stablecoin Boom Fuels Crypto Liquidity, Ripple’s RLUSD Market Cap Rises According to a recent report from Cryptoquant, stablecoin liquidity soared … Read more
Tether user base hits 350M in 2024 following 24% surge
The news comes amid the company’s 10-year anniversary celebration. Go to Source
UN report highlights cybercrime surge in Southeast Asia, Telegram’s role
The United Nations Office on Drugs and Crime continues its series on organized crime in Southeast Asia and focuses on Telegram this time. Go to Source
US Targets Lazarus Group and APT38 in $879M Crypto Forfeiture Complaint
Offshore Alert reporter David Marchant disclosed the United States has initiated two forfeiture complaints related to previously confiscated bitcoin (BTC) and tether (USDT), alleging that these funds were snatched by the notorious North Korean hacking groups Lazarus Group and Advanced Persistent Threat 38 (APT38). These cyber hacking syndicates are known for their operations to fund … Read more
Tether teases USDT documentary on 10th anniversary
Tether CEO Paolo Ardoino said in an X post that the company will continue to bring financial inclusion to people who are “left behind.” Go to Source
