Tether mints $1 billion USDt on Tron, pays zero fees — Arkham
According to stablecoin firm Tether, approximately $127 billion in Tether-USD tokens (USDt) are currently in circulation. Go to Source
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Tether introduces ‘Hadron’ real-world asset tokenization platform
The Tether-US dollar stablecoin’s market capitalization has topped $126 billion, as approximately $7 billion in new USDt was minted. Go to Source
Crypto Kidnapping: Tourist Held Captive, Forced to Transfer $250K in USDT
A 23-year-old Ukrainian tourist in Phuket, Thailand, was kidnapped and forced to transfer $250,000 in USDT stablecoins (about 8.56 million baht) to two armed robbers. Viacheslav Leibov was threatened with violence until he complied with the robbers’ demands. Initially, the two robbers, an Armenian and a Ukrainian, demanded $500,000 in USDT but agreed to settle … Read more
US bids to seize Bankman-Fried’s crypto allegedly used in China bribes
Prosecutors petitioned a New York federal court to seize crypto they alleged is linked to bribes paid to Chinese officials by Sam Bankman-Fried. Go to Source
Tether launches open-source wallet development kit for humans and AI
The WDK will enable developers to integrate non-custodial wallets for USDT and Bitcoin into any app, website or device. Go to Source
Canadian police praise Tether for ‘swift’ recovery of stolen funds
The stablecoin firm previously came under fire from Wyoming Senator Cynthia Lummis for allegedly facilitating illicit finance activities. Go to Source
Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up $30,000
A Nigerian court has convicted two more cryptocurrency firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for conducting unauthorized USDT-to-naira transactions. As a result, they’ve been ordered to transfer nearly $30,000 to the federal government. The latest court decision came just a few months after other crypto firms, Paparaxy Global Ventures … Read more
Tether swaps more than 2 billion USDT to the Ethereum network
The vast majority of Tether’s USDT volume exists on the Tron network due to comparatively lower fees and faster transaction finality. Go to Source
Thailand Arrests Police Officers Accused of Staging Fake Interrogation to Extort 165,000 USDT
Thai police arrested seven individuals, including six officers, for allegedly staging a fake arrest and extorting 165,000 USDT from a Chinese-Vanuatu citizen. Fraudulent Legal Threats Thai police recently arrested six police officers and one civilian after a Chinese-Vanuatu citizen filed a complaint accusing them of staging a fake arrest and extorting 165,000 USDT. The Chinese … Read more
Inside Tether’s $14.2B Equity Peak—Key Takeaways From the Q3 Attestation
Tether’s third-quarter attestation for 2024, led by auditor BDO, highlights record profit levels, reserve expansion, and substantial U.S. Treasury holdings. Tether’s Q3 Performance Ranks Among Top U.S. Treasury Holders In its latest attestation, Tether Holdings Limited reports a third-quarter net profit of $2.5 billion, pushing its nine-month consolidated profit to $7.7 billion. The report, prepared … Read more