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USDT has become the most traded stablecoin, especially after the de-pegging of Circle’s USD Coin (USDC) earlier this year. United States-dollar-backed stablecoin Tether (USDT) has hit an all-time high in its market capitalization based on existing market data. The new milestone has helped Tether exceed its previously set all-time high of $83.2
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Tether-issued USDT (USDT) stablecoin broke past a new all-time-high market cap of over $83 billion as it continues its stablecoin market dominance. The new ATH market cap for the USDT stablecoin comes in a year when other stablecoin issuers are struggling to remain afloat due to regulatory ire. The same
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Stablecoin issuer Tether announced on May 31 that it is expanding its presence in the Republic of Georgia through a strategic investment in CityPay.io, a payment processing company that operates across more than 600 locations in the country.Tether expands its presence in Georgia We have invested in https://t.co/14g9wt7PCC, a leading local payment
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Stablecoins are a key piece of plumbing in the crypto ecosystem, bridging government-issued currencies and facilitating trading. Issuers are increasingly boosting stablecoins as a means for payments and remittances, especially in the developing world. Recently, Bitcoin-based payments app Strike integrated USDT as part of its global expansion to 65 countries.
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Stablecoin issuer Tether has announced it will be launching Bitcoin mining operations in Uruguay.In a May 30 announcement, Tether said it planned to start a mining arm in the South American nation “in collaboration with a local licensed company” in addition to investing in Uruguay’s energy production. The stablecoin issuer
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Summary: Tether plans to tap into Uruguay’s renewable energy ecosystem and mine Bitcoin (BTC), crypto’s largest token by market cap.The digital payment company is looking to diversify its operations after solidifying USDT’s position as the top stablecoin with an 83 billion token supply.Tether recently started buying Bitcoin with 15% of
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As trading volumes are falling, and assuming that trading is the dominant use case for stablecoins, a respective decline in market capitalization would be anticipated, according to Clara Medalie, Kaiko’s research director. USDC and BUSD stablecoins’ market caps have shrunk in tandem with trading volumes. “But we are not seeing
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Banks want to reduce exposure to crypto businesses, just as crypto businesses are seeking to reduce exposure to the ongoing banking crisis. Tether’s latest audit report shows that the stablecoin issuer withdrew over $4.5 billion from banks in the first quarter to reduce counterparty risk following Circle’s troubles during the
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Argentinians can now purchase dairy produce with the USDT stablecoin at the Central Market of Buenos Aires — one of the largest movers of fruits and vegetables in Latin America. The move was enabled by a partnership between the stablecoin issuer Tether and on-/off-ramp platform KriptonMarket. The collaboration will provide companies
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