What Is Tether (USDT) and How Does It Work?
What Is Tether (USDT)? Tether, also known as USDT, is a cryptocurrency stablecoin pegged to the value of one US dollar. Since its launch, Tether has grown into the largest…
Bitstamp delists Euro Tether (EURT) as MiCA rules are rolled out
Bitstamp delists Euro Tether (EURT) to comply with EU’s new MiCA regulations. MiCA requires stablecoins to be fully backed by liquid reserves for consumer protection. Non-euro stablecoins remain available on…
Tether announces cease of USDT minting on Algorand and EOS
Tether ceases USDT minting on EOS and Algorand starting June 24, 2024. Tether will redeem USDT on EOS and Algorand for the next 12 months. Tether’s shift focuses on security,…
Fiat-to-crypto on-ramp Transak integrates Tether (USDT) on TON Network
Transak integrates USDT on TON, enhancing crypto accessibility for over 5 million users. The integration supports popular wallets, including Tonkeeper, Trust Wallet, and Telegram. TON Foundation invests 11M Toncoin to…
Tether partners with RAK DAO to advance crypto education and adoption in UAE
Tether partners with RAK DAO to promote crypto adoption and education in the UAE. The collaboration includes facilitating crypto payments & developing educational programs. Aim is to drive economic growth…
Ripple to issue USD-pegged stablecoin challenging Tether and USDC market dominance
Ripple enters the stablecoin market with a USD-pegged token. Backed by USD deposits, treasuries, and audits, Ripple’s stablecoin targets institutional adoption. The new stablecoin will initially be issued on Ethereum…
Tether now the seventh-largest Bitcoin (BTC) holder
Tether recently committed 15% of its net profit to Bitcoin investments. On March 31, 2024, Tether acquired an additional 8,888 BTC at $30,305 each bringing unrealized profit to $2.94B. Tether…
Tether integrates native USDT on Celo mainnet
Tether has added native USDT on Celo blockchain. Celo ecosystem partners across P2P payments, lending, and remittances will leverage the stablecoin in their operations. Tether’s USDT is now live on…
Tether Introduces Game-Changing Innovation; Uniswap’s Memecoin Listing Attracts Bitcoin Whales
Tether, the major issuer of the stablecoin USDT, has announced the launch of a game-changing innovation to revolutionize how users transfer USDT across different blockchain networks. This new migration tool…
Tether leads $25M round for crypto payments firm Oobit
Tether led the $25 million Series A round for crypto payments firm Oobit. Solana co-founder Anatoly Yakovenko also backed the platform’s investment round. Oobit, a mobile payments firm that allows…