USDT

Dubai, United Arab Emirates, October 9th, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is keeping the surprises coming for participants of the world’s longest-running crypto trading competition, the World Series of Trading (WSOT) 2024. For 24 hours until 9:30AM UTC on Oct. 10, Bybit WSOT participants can join in to unlock a 100,000 USDT prize pool for one time only. In addition to various winning tracks and mechanisms and a total prize pool of 10,000,000 USDT,…

Dubai, United Arab Emirates, October 3rd, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has further enhanced its MetaTrader 5 (MT5) platform with the introduction of indices trading. This new feature allows Bybit users access to global markets, including key benchmarks in Hong Kong and China. Bybit MT5 allows crypto investors to use USDT directly to trade traditional assets, such as commodities, forex and now major indices, in the format of CFDs. This innovation opens doors for native…

Tether (USDT), the world’s largest stablecoin and the third largest crypto in market cap, has asserted its dominance in the cryptocurrency market and is now close to achieving a significant milestone. Recent data shows a massive influx of money into the crypto industry in the past week, with over $1 billion going into stablecoins. Naturally, most of this inflow has gone into Tether (USDT), pushing its market cap closer to an unprecedented $120 billion. Tether (USDT) Leads The Stablecoin Market…

The post Tether, Tron, and TRM Labs Unite to Combat Criminal USDT Activity with New Task Force appeared first on Coinpedia Fintech News Tron, Tether and the blockchain intelligence firm, TRM Labs, appears in the T3 Financial Crime Unit (T3 FCU) that aims to address an increased rate of criminal activities associated with the USDT in the TRON ecosystem.  The task force will target criminal use of the USDT, Tether for scams, frauds and blackmail schemes that have embraced the…

The cryptocurrency market is experiencing renewed bullish momentum after a period of stagnation. Over the past week, Bitcoin has shown resilience, hovering around $58K with minimal volatility.  However, the leading cryptocurrency recently broke out, reaching a daily high of $61,400 on Tuesday. This marks a 6.1% increase from the day’s low of $57,864.  Tether’s Latest $1B Liquidity Fuels Bitcoin’s Rally This bullish market sentiment follows Tuesday's recent minting of a massive $1 billion USDT stablecoin by the Tether Treasury. This…

The post Bullish Signs for Altcoins As 5-Year USDT Dominance Breaks appeared first on Coinpedia Fintech News The crypto market has been facing a tough time, with altcoins experiencing a major drop. Since early March 2024, the total market value of altcoins has plunged from around $1.27 trillion to about $898 billion. Perhaps of this dramatic decline renowned analyst Moustache believes that this downturn might be ending soon and could signal a positive change for cryptocurrencies. So, what does this…

Recent data from Token Terminal has revealed a significant milestone in the blockchain space, with Tether (USDT) transfer volume on the Tron network reaching an impressive $1.25 trillion in Q2 2024.  This figure represents roughly one-third of Visa’s annual $15 trillion volume. Also, it underscores Tron’s rising dominance in the stablecoin market and its growing influence over traditional payment systems. Notably, the data reflects a dramatic increase from just $25.2 billion in USDT transfers on Tron during Q2 2020, marking…

The post USDT in Danger: The Impact of MiCA Regulations appeared first on Coinpedia Fintech News Tether (USDT), one of the most popular stablecoins in the crypto world, is facing a big danger. The European MiCA (Markets in Crypto Assets) regulations are making things tough. These new rules could seriously impact Tether’s operations in Europe. Paolo Ardoino, CEO of Tether and CTO of Bitfinex, explains that MiCA is putting strict limits on the volume and issuance of stablecoins. It also…

Institutional investors have already shown how bullish they are on Bitcoin (BTC) and the broader cryptocurrency market, as they have continued to accumulate with USDT, especially during every dip. This bullish sentiment was again on display as this institutional investor sent $445 million USDT to exchanges to buy more crypto.  Cumberland Sends $445 Million USDT To Exchanges The on-chain analytics platform Lookonchain revealed in an X (formerly Twitter) post that crypto trading firm Cumberland has deposited the $445 million it…