Xapo Bank to Enable Tether Deposits, Withdrawals
The crypto-friendly bank announced earlier in the year support for USDC services. Original Source
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Tether
Tether Grows 2.3% as Stablecoin Economy Loses $2.4 Billion in Value Since March 31 – Altcoins Bitcoin News
While several top digital assets have decreased in value against the U.S. dollar over the past month, the stablecoin economy has lost $2.4 billion in value since March 31, 2023. Four of the top five stablecoins experienced net redemptions over the last 30 days, except for tether, which grew by
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Tether treasury mints 1b USDT on Ethereum network
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A massive amount of Tether (USDT), the most popular stablecoin in the crypto market, has been minted at Tether treasury. According to a tweet by @whale_alert, a service that tracks large cryptocurrency transactions, one billion USDT were
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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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Tether market cap eyes record high after regaining 65% stablecoin dominance
Tether (USDT) has emerged as a clear winner amid the ongoing banking crisis and crypto crackdown in the U.S.On April 17, the U.S. dollar-pegged stablecoin's circulating market valuation reached nearly $81 billion, just 1.5% below its record high of $82.29 billion from a year ago. It has grown about 20%
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US draft bill on stablecoins places issuers like Tether under the Federal Reserve oversight
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A new draft bill that provides a stablecoin framework in the United States will see private issuers such as Circle, the issuer of USDC, and Tether Holding, the firm behind USDT, placed under the Federal Reserve
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Tether blacklists validator address that drained MEV bots for $25M
Tether, the issuer behind the leading stablecoin USDT has blacklisted an address that drained Maximal Extractable Value (MEV) bots for $25 million last week. The address in question exploited a bug in MEV-boost-relay to outsmart the MEV bots trying to execute a sandwich trade. Sandwiching occurs when one order is placed
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Tether supply hits $80B for the first time since May 2022 — stablecoin rivals stumble
Tether (USDT) continues to benefit from the ongoing turmoil in the U.S. dollar-backed stablecoin industry with its market capitalization growing significantly in Q1 2023 at other stablecoins' expense.Tether market cap reaches $80 billionOn April 6, the circulating market cap of USDT surpassed $80 billion for the first time since May
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Tether ‘unequivocally reiterates’ no exposure to Signature Bank
After a Bloomberg article alleged exposure between stablecoin provider Tether and the now-collapsed Signature Bank, rumors began to circulate regarding the involvement between the two companies. However Tether immediately reached out to clarify the claims made in the original article. In an email sent to Cryptox among other outlets, Tether gave
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Stablecoin issuer Tether accessed US banking system using Signature: Report
Tether, the firm behind the largest stablecoin by market capitalization, reportedly allowed its clients to send funds through Signature Bank’s payments platform — granting the firm access to United States banks.According to an April 4 Bloomberg report, Tether had a pathway to the U.S. banking system by instructing its users
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