Thursday, April 25, 2024
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Tether mints billions, InQubeta presale nears $2 million on rising demand

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Recently, Tether Holdings, the issuer of USDT, minted $1 billion of the stablecoin on Ethereum.  The rising demand for USDT has positively impacted the InQubeta presale, bringing it closer to $2 million.  This article explores the connection,

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Trader takes $4m short position on TrueUSD as issuer halts mints and redemptions

Following the issuer's decision to temporarily halt mints and redemptions through its banking partner, Prime Trust, a trader has taken advantage of the situation by initiating an on-chain short position on the stablecoin TrueUSD (TUSD).According to on-chain data, an Ethereum user utilized Aave's V2 lending platform by depositing 7.5 million

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Tether Mints Massive One Billion USDT Stablecoins on Ethereum Extending Its Market Dominance

Tether CTO Paolo Ardoino called the minting of the new stablecoins as part of replenishing its inventory. USDT-stablecoin issuer Tether is making yet another move to extend its dominance in the $132 billion stablecoin market. Last night, Tether announced the minting of another one-billion USD-pegged token on the Ethereum blockchain network. Tether

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Hacker mints 1 quadrillion yUSDT after exploiting old Yearn Finance contract

Blockchain security firm PeckShield recently detected a hack that allowed the exploiter to mint over 1 quadrillion Yearn Tether (yUSDT) from $10,000 in the latest decentralized finance (DeFi) hack. According to the security firm, the hacker then swapped the yUSDT to other stablecoins, allowing them to take hold of $11.6 million

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Binance’s AI-powered NFT generator hits 10K mints in 2.5 hours

Binance’s newly launched artificial intelligence-powered nonfungible token (NFT) generator has been churning out digital art at full capacity, reaching a cap of 10,000 NFT mints in just 2.5 hours after launch.On Mar. 1, the world’s largest crypto exchange Binance launched an AI-powered NFT generator called “Bicasso” in beta.Binance CEO Changpeng

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Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD

Only days after reports of United States regulatory scrutiny of Paxos and Binance USD (BUSD), cryptocurrency exchange Binance has minted nearly $50 million worth of TrueUSD (TUSD).The transaction took place on Feb. 16, according to data from Etherscan, and also comes two days after Binance CEO Chanpeng 'CZ' Zhao said

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