USDT

The seemingly unshakeable reign of Tether (USDT) as the king of stablecoins faces a new challenger. Circle’s USD Coin (USDC) has pulled off a surprise victory, recording a higher transaction volume than Tether in April 2024, according to on-chain analytics from payments giant Visa. This development marks a significant shift in the stablecoin landscape. While Tether boasts a staggering market capitalization of over $110 billion, USDC, with its $33 billion valuation, has emerged as the more actively traded coin. Visa’s…

[PRESS RELEASE – Dubai, UAE, April 29th, 2024] LazyBear, a low-fee crypto trading ecosystem aimed at retail traders, has announced the successful completion of its strategic financing round. This round has raised a significant sum from investors and strategic partners. The investment, totaling 4 million USDT, positions LazyBear for accelerated growth and innovation in the crypto market. Participated investors and strategic partners include industry leaders and participants such as Gogeko Labs, DWF Labs, Shadow Labs, Salad Labs, Bees Network, REI…

Tether (USDT), the world’s largest stablecoin, has made a quick start on The Open Network (TON), with $60 million worth of USDT already issued on the blockchain.  Tether announced its collaboration with the TON Foundation just two days earlier at Token2049, which is happening in Dubai.  USDT Off To Stellar Beginning On TON  With $60 million worth of USDT already issued on The Open Network (TON), the blockchain becomes the 11th largest out of a total of 16 blockchains that…

The post DeeStream’s Promising Presale Catches the Eyes of Tether USDt & Tezos Holders Despite Ethereum’s Market Struggles appeared first on Coinpedia Fintech News DeeStream’s presale of its tokens has caught the attention of people who own cryptocurrency, especially those who have Tether USDt and Tezos, even though Ethereum is facing some problems in the market. Amidst these developments, Tezos presents a mixed outlook with moderate price predictions but a prevailing bearish sentiment.  Meanwhile, the rising popularity of Tether USDt…

The winds of change are swirling around Ethereum (ETH), the world’s second-largest cryptocurrency. While the Ethereum network itself is buzzing with activity, the price of ETH has taken a tumble in recent days, leaving investors scratching their heads. A glimmer of hope emerged with Tether’s (USDT) recent movement. Tether, the issuer of the world’s most popular stablecoin pegged to the US dollar, transferred a whopping $318 million worth of USDT from its treasury wallet directly to exchanges on the Ethereum…

Leading stablecoin issuing company Tether announced the launch of its products, USDT and XAUT, on The Open Network (TON), a decentralized blockchain network formerly related to the popular messenger app – Telegram. According to a press release sent to CryptoPotato, the launch of USDT and XAUT on TON expands Tether’s presence across the crypto sphere, bringing its coverage to over a dozen blockchains. Tether Launches USDT and XAUT on TON The launch of USDT and XAUT on TON will provide…

Wally Adeyemo, Undersecretary of the U.S. Treasury, released an official statement saying Russia is increasingly resorting to alternative payment methods, such as the stablecoin Tether (USDT), to evade sanctions and sustain its military operations. The hearing, titled “Countering Illicit Finance, Terrorism, and Sanctions Evasion,” marks the committee’s second discussion on the topic within the last six months. Russia Employs Tether to Evade Sanctions In his testimony, Ademayo shed light on the exploitation of crypto assets by terrorist groups and rogue…

The US Treasury undersecretary has highlighted Russia’s alleged use of Tether (USDT) to bypass international sanctions and finance its military activities. Adewale O. Adeyemo has urged policymakers to grant the US Treasury additional enforcement powers to address the rising threat posed by foreign cryptocurrency. The US Treasury has raised concerns regarding Russia’s purported utilization of the stablecoin Tether (USDT) to circumvent international sanctions and sustain its military operations. Undersecretary Wally Adeyemo voiced these apprehensions during a statement to the Senate…

Tether Treasury has been actively minting USDT tokens amidst choppy market conditions. In the latest development, $3 billion worth of USDT tokens were mined by the Tether Treasury within a period of three days, according to an update by Lookonchain. The tokens were then distributed across the Ethereum and TRON blockchains. This surge in USDT minting has sparked curiosity regarding the destination. Since April 1st, approximately $2.55 billion USDT has flowed into prominent crypto exchanges, including Binance, Bitfinex, Kraken, and…