Tether ($USDT) Implements Wallet-Freezing Policy to Address Security Concerns

Tether introduced a wallet-freezing policy on 9 December 2023. Tether is a major player in the crypto space, known for issuing the Tether token (USDT), which is a type of stablecoin. Stablecoins are cryptocurrencies designed to maintain a stable value by being pegged to another asset, typically a fiat currency. In the case of Tether, […]

Tether Whales Accumulate $1.67 Billion in USDT, Hinting at Potential Crypto Buying Spree

The largest Tether (USDT) whales have been growing their holdings over the past six months, adding in $1.67 billion worth of the stablecoin, in an accumulation trend that suggests they’re getting ready to buy cryptocurrencies on the market and potentially helped BTC’s price surpass $40,000. According to on-chain analytics firm Santiment, the buying power of […]

Circle Restricts Stablecoin Minting for Individual Users, Tether Releases Its Q3 Auditors’ Report

Circle Internet Financial, the issuer of the USDC stablecoin (USDC), announced yesterday that it is discontinuing the ability for individual accounts to create stablecoins. A spokesperson from Circle told CoinDesk that the company is “phasing out support for legacy consumer accounts” and has informed the affected users about this change. However, this restriction will not […]

Bitcoin Mining Gets a Sustainable Twist: Excess Energy from Food Production Repurposed in Swiss Initiative

On 17 October 2023, Gabbani, a well-known hospitality company in Lugano, Switzerland, unveiled an initiative that aims to reinforce Lugano’s existing prominence as a top European hub for blockchain technology. The project focuses on the eco-friendly utilization of surplus energy, channeling the extra power generated at Gabbani’s food manufacturing facilities into a cutting-edge Bitcoin mining […]

Tether May Be Holding Over 55,000 $BTC in a Single Address, Researcher Finds

A popular blockchain researcher and data specialist at the parent company of 21Shares has recently revealed an analysis that seems to suggest that the leading stablecoin issuer Tether could be the owner of the 11th largest Bitcoin address. Tether’s Bitcoin balance has seen a substantial increase, with an additional $176 million added since the preceding […]

Tether’s Market Cap Reaches New High, Exceeding $83.2B

Tether, the issuer of the widely used Tether (USDT) stablecoin, has announced a new all-time high in its market cap, exceeding the previous record of $83.2 billion set in May 2022. Paolo Ardoino, Tether’s CTO, attributes this milestone to the increasing demand for financial freedom and the unique advantages offered by Tether tokens. According to […]

Tether Diversifies into Renewable Energy and Bitcoin Mining in Uruguay

Tether, the company behind the well-known stablecoin, has announced its expansion into the renewable energy sector and sustainable Bitcoin mining in Uruguay. This move marks a significant diversification of Tether’s operations, extending beyond its traditional financial and communications activities. Tether is planning to invest in renewable energy sources to support Bitcoin mining operations in partnership […]

Tether’s Bitcoin Bet: A Profit-Driven Strategy Fueling Crypto Market Optimism

Tether’s strategic decision to invest a significant portion of its operating profits into Bitcoin is creating a surge of optimism for an upward trend in the cryptocurrency market. Tether International Limited, the manager of the preeminent stablecoin, recently divulged an investment strategy designed to bolster its reserve portfolio. CoinShares, a leading digital asset investment firm, […]

Tether Commits to Buying Bitcoin ($BTC) Using 15% of Net Realized Profits

Leading stablecoin issuer Tether, the firm behind the USDT token, has recently revealed that it amassed $2.5 billion in excess reserves, and that it now plans to use 15% of its realized net operating profits to invest in the flagship cryptocurrency Bitcoin ($BTC). According to a recent announcement, Tether’s excess reserves currently account for approximately […]

Coinbase Wants You to Convert Your $USDT to $USDC

On Thursday (8 December 2022), Coinbase announced that it had decided to make it easier for its “global retail customers” to convert Tether ($USDT) to USD Coin ($USDC), highlighting the latter’s good reputation without directing attacking the former. According to Coinbase’s blog post, customers are looking for stability and trust in the midst of market […]

$BTC: You Can Pay at McDonald’s in Lugano, Switzerland With Bitcoin and Tether

Following the decision of the mayor of Lugano to make Bitcoin ($BTC) and tether ($USDT) “de facto legal tender” in the Swiss city, it is now possible to pay with these two cryptocurrencies at both McDonald’s restaurants over there. Lugano is “a city and municipality in Switzerland, part of the Lugano District in the canton […]

USDT vs USDC: A Look at the Leading Stablecoins

Stablecoins have become a major part of the cryptocurrency space over time, with Tether USD (USDT) and USD Coin (USDC) now being the two leading stablecoins by market capitalization. While both are fully collateralized stablecoins, their underlying business models and infrastructure differ. Looking at the differences between USDT and USDC is crucial for investors to […]

Bitcoin Bounces Back After Falling Below $26K

In the early hours of Thursday (UTC time), Bitcoin fell below $26,000, partly due to fiat-backed stablecoin Tether ($USDT) temporarily losing its peg. However, currently, $USDT is looking healthier and so does Bitcoin. According to data by TradingView, on crypto exchange Bitstamp, the Bitcoin price fell to around $25,499 — which is the lowest it […]

Tether CTO Addresses Stablecoin’s Fiat Backing As $USDT Launches on Kusama ($KSM)

On Wednesday (April 13), Paolo Ardoino, CTO at Tether (and Bitfinex), said the fiat-backed stablecoin issuer has been taking “enormous steps” to increase transparency and to “reduce dramatically” its exposure to commercial paper. Tether, which was launched in 2014, is the issuer of the dollar-pegged stablecoin with the same name. Tether tokens are supported on […]