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"Over the years, the Omni Layer faced challenges due to the lack of popular tokens and the availability of USDT on other blockchains. This led many exchanges to favor alternative transport layers, leading to a decline in USDT usage on Bitcoin using the Omni Layer," Tether said in the announcement. Source
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An individual, identified only as “Mr. Chen,” has been convicted by the Fuzhou Mawei People’s Procuratorate on charges of “offense of concealment and concealment of crime” for purchasing 94,988 Chinese yuan ($13,067) worth of Tether (USDT) for an acquaintance.According to local news reports, Mr. Chen was contacted by Mr. Lin,
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PayPal and Paxos dominated the news cycle on Monday with the announcement of the launch of the PayPal (PYUSD) stablecoin, but concerns
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These transactions come as outflow from Huobi continues. Data from Nansen.ai shows that in the last week, $92.2 million in Ethereum-based tokens have flowed off the exchange, while $101 million in total across all blockchains has moved during the same time period. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The crypto market is dynamic as different blockchain networks compete for dominance. Tron is a popular blockchain option for USDT transactions. Meanwhile, Borroe is a crypto project that seeks to transform how businesses secure funds through its funding
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether (USDT) is a stablecoin that has gained popularity in the cryptocurrency market due to its stability and flexibility. It is pegged to the US dollar, ensuring its value remains constant despite market fluctuations. USDT is widely
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether and Bitfinex chief technology officer Paolo Ardoino voiced concerns over what, according to him, are signs that the USDT (USDT) stablecoin is being manipulated. In an Aug. 3 tweet, Ardoino explained that USDT is being pressured
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The Curve and Uniswap pools are popular venues for traders to swap one stablecoin for another quickly. Most of the time, the tokens are in balance in the pools. Imbalances indicate distress in the markets as investors seek ways to ditch an asset en masse. Original Source
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Stablecoin USDT issuer Tether published its Q2 2023 attestation report on July 31 and according to the report, Tether recorded an “operational profit” of $1 billion in the second quarter, about a 30% decline from its Q1 profit of $1.48 billion. Although its $1 billion “operational profit” represents a decline from
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The cryptocurrency payment industry continues to evolve with a new cryptocurrency payment option coming to crypto-friendly Telegram messenger.Wallet, a Telegram bot allowing users to buy and sell cryptocurrencies like Bitcoin (BTC), has launched a crypto payment solution based on The Open Network (TON) blockchain.The new Wallet Pay service provides crypto
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