Tether’s USDT shines as stablecoin market cap hits new all-time highs of $168B

While the cryptocurrency market moves sideways with unclear direction, the stablecoin market displayed substantial growth. The latest data shows the value of all stablecoins has surpassed $168 billion, exceeding the March 2022 high of $167 billion.

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Tether holds more US Treasuries than Germany, ranks 19th globally

Quick Take Tether reported a massive $4. 52 billion profit in the first quarter of the year. Notably, the stablecoin issuer’s consolidated financial figures revealed that as of March 31, it held a staggering $91 billion in direct and indirect US treasury bill holdings.

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Tether Treasury Mints $10 Billion USDT In 1.5 Months – Here’s What This Means For Bitcoin and Crypto Enthusiasts Amid Upcoming BTC Halving

Amidst the ongoing crypto market volatility and the looming Bitcoin halving event, Tether Treasury has made a significant move by minting $10 billion worth of USDT stablecoins since March 1st, according to data from the on-chain analytics platform Lookonchain.

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Tether Boosts Its Reserves With 8,888 Bitcoin Acquisition As BTC Seals Highest Monthly Close Ever

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Tether now the seventh-largest Bitcoin (BTC) holder

Tether recently committed 15% of its net profit to Bitcoin investments. On March 31, 2024, Tether acquired an additional 8,888 BTC at $30,305 each bringing unrealized profit to $2. 94B. Tether is now 7th largest holder of Bitcoin (BTC), with 75,354 BTC.

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Tether adds 8,888 Bitcoins to its reserves, holding more than 75K Bitcoin

Stablecoin issuer Tether made headlines on March 31, as it acquitted 8,888 Bitcoin, valued at $618 million. The recent acquisition significantly boosts Tether’s reserves prior to the upcoming Bitcoin halving event.

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Tether becomes seventh largest Bitcoin holder with recent $618 million purchase

Tether (USDT) is now the seventh-largest Bitcoin holder globally, following its purchase of more than 8,000 BTC in the past day, according to Bitinfocharts data. On-chain data shows that the stablecoin issuer received approximately 8,889 BTC, valued at around $618 million, from a Bitfinex hot wallet on March 31.

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Tether enters AI race with pledge to build open-source LMMs to combat Big Tech

Tether, the company behind the world’s largest stablecoin USDT, has announced a strategic expansion into artificial intelligence, as reported by the company on March 26. With a market cap of $104 billion, Tether aims to lead the development of open-source, multimodal AI models and integrate AI solutions into market-driven products.

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Bitcoin: What stablecoins' growing flow into exchanges means for you

There was a marked rise in buying pressure in March despite Bitcoin's dip. The Tether Dominance chart showed some volatility could be around the corner. Bitcoin [BTC] rebounded above the $70The post Bitcoin: What stablecoins' growing flow into exchanges means for you appeared first on AMBCrypto.

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OKX removes USDT pairs in Europe as new stablecoin regulations loom

Crypto exchange OKX is reportedly delisting Tether (USDT) pairs in the EU and will only support USDC and euro-based pairs, according to a message sent to a customer on March 18. The move comes days after the EU released draft technical standards related to stablecoins, which are set to come into effect from June.

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DeeStream headlines with gains amid ETC and USDT market surge

DeeStream gains traction in March, alongside Ethereum Classic and Tether, reflecting its potential in the streaming sector and investor interest. #partnercontent

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Tether анонсировала выпуск USDT на блокчейне Celo

Компания Tether запустит стейблкоин USDT на EVM-совместимом блокчейне первого уровня Celo. Tether Token (USDT) to Launch on @Celo Read more: https://t. co/KJ5emdMmXl pic. twitter. com/yTDkzKnhev — Tether (@Tether_to) March 11, 2024 Согласно заявлению, экосистема сети охватывает свыше 1000 проектов в более чем 150 странах.

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Uzbekistan taps Tether to boost crypto, blockchain development and regulation

Stablecoin issuer Tether Limited has entered a Memorandum of Understanding (MOU) with the Republic of Uzbekistan’s National Agency of Perspective Projects (NAPP) to develop a regulatory and legal framework for digital assets in the country, according to a March 7 press release.

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Tether announces USDT migration  tool in a bid to safeguard against blockchain network failures

Major stablecoin issuer Tether has launched a recovery tool designed for migrating its USDT stablecoin across different blockchains. According to a March 4 announcement, the tool aims to safeguard continuous access to USDT (Tether stablecoin) in the face of potential…

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Tether continues to reduce commercial paper in sharp reduction since March

The stablecoin issuer announced its intentions of removing all commercial paper from its reserves last month as it countered rumors, and it remains on schedule so far.

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Tether Cut Commercial Paper Reserve by 17% in Q1, Accountants Say

Tether reduced its commercial paper holdings by 17% from $24.2 billion to $19.9 billion in the quarter ended March 31, according to it latest attestation report.

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What to Watch for in Tether's Upcoming Attestation Report

The leading stablecoin project still hasn’t published its March report attesting to its reserves. Following Terra, investors have a right to more timely information, says our columnist.

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Tether discloses full reserve breakdown for the first time

Cash, cash equivalents, other short-term deposits and commercial paper make up 75.85% of Tether’s proven reserves as of March 31.

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Tether Tokens (USDt) to Launch on Polkadot and Kusama

British Virgin Islands, March XX, 2021 10:00 AM UTC – Tether Operations Limited (“Tether”), the company operating the blockchain-enabled platform tether.to that powers the largest stablecoin by market capitalization, will launch Tether tokens (“USDt”) on Polkadot, a scalable multichain network and the first protocol that provides an environment for cross-chain composability of multiple applications andRead More

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How Tether, USDC's tug-of-war is affecting Bitcoin

The month of March has seen Bitcoin register bullish returns on the charts, with the crypto hiking from over $45,000 on 1 March to a local top of $57,400 on the 10th. In fact, there was a degree of coThe post How Tether, USDC's tug-of-war is affecting Bitcoin appeared first on AMBCrypto.

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BitMEX adding six new perpetual contacts: ADA, DOT, EOS, YFI, UNI, and XLM

CryptoNinjas » BitMEX adding six new perpetual contacts: ADA, DOT, EOS, YFI, UNI, and XLM Popular crypto derivatives exchange BitMEX, today announced it is introducing six new altcoin/Tether (USDT) quanto perpetual contracts to the platform in March.

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Tether Adds $2 Billion

Tether has just announced they have surpassed a $12 billion market capitalization in what is the biggest increase by far since it launched in 2015. “Since March 2020, Tether’s market...

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Ripple’s XRP Reclaims Third Spot From Tether Following Monster Surge

The price of XRP, the native cryptocurrency of Ripple’s network appreciated significantly over the last 24-hour trading cycle to reach $0. 24 a coin — the highest level since March. XRP’s rally comes at a time when other cryptocurrencies are rallying amidst a market resurgence.

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Bitcoin is solving Scalability: At the expense of decentralization?

The story of stablecoins has been extraordinary in 2020. After the collapse in March 2020, the rate at which Tether has exploded in terms of issuance and market cap has led many to believe that U.

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Tether Displaces XRP as Number Three Cryptocurrency with $10 Billion Market Cap

Coinspeaker Tether Displaces XRP as Number Three Cryptocurrency with $10 Billion Market CapJust in March, Tether (USDT) had a market cap of $5 billion, today it has already reached a $10 billion mark.

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Sizable Portion of Tether’s $4.5B Growth Comes from Exchange Fiat

Tether rose quickly to $9.1 billion in 2020 as supply doubled since March, but some of that is old money being repurposed into USDT.

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Tether's rising supply points at cautious investors

The crash that shook every market on 12 March highlighted inefficiencies in the financial system. As the market collapsed in the blink of an eye, Paolo Ardoino, CTO of Tether and Bitfinex opined that The post Tether's rising supply points at cautious investors appeared first on AMBCrypto.

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Tether’s USDT Issuance Possibly Led to the Bitcoin Price Surge After March Dip, Data Suggests

Bitcoin (BTC) has recorded a sustained upward momentum over the past couple of months with the digital asset’s price even surpassing the $10,000 level at some point. The virtual currency’s performance continues to defy odds as mainstream financial markets are struggling with the effects of the Covid-19 driven economic crisis. Bitcoin price surge tied to […]

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Tether Leads Stablecoin Liquidity on Flash Loans Platform Aave

Although activity in the DeFi space has dropped since reaching $1 billion in March, the flash lending platform Aave continues to see new users. Aave’s success also has much to do with its inclusion... The post Tether Leads Stablecoin Liquidity on Flash Loans Platform Aave appeared first on Crypto Briefing.

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Tether’s Stablecoin Leads Liquidity on Flash Loans Platform Aave

Although activity in the DeFi space has dropped since reaching $1 billion in March, the flash lending platform Aave continues to see new users. Aave’s success also has much to do with its inclusion... The post Tether’s Stablecoin Leads Liquidity on Flash Loans Platform Aave appeared first on Crypto Briefing.

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What does Tether's demand surge imply?

The cryptocurrency market saw a huge chunk of its gains wiped out by the Black Thursday crash back in March. However, in all the ensuing chaos, stablecoins were the asset class that emerged winners.

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Bitcoin Demand Pushes Tether Below $1 for Longest Stretch Since March

Tether, the oldest and largest stablecoin tied to the U.S dollar, has fallen below par value for the longest stretch since bitcoin dropped to 12-month lows in March.

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Tether's market influence is the right mix of dominance, ungovernability

Since the beginning of March, turbulence and volatility have been front and center across the crypto-community. However, while the prices crumbled like a house of cards, market resilience brought the The post Tether's market influence is the right mix of dominance, ungovernability appeared first on AMBCrypto.

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Are stablecoins like Tether at risk owing to the emergence of CBDCs?

Stablecoins have received a lot of traction lately, especially after significant inflows of USDT were seen flooding the markets. The market capitalization of Tether (USDT) hit $6 billion on 27 March aThe post Are stablecoins like Tether at risk owing to the emergence of CBDCs? appeared first on AMBCrypto.

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Is stablecoin growth accelerating call for hyperbitcoinization in the market?

The 12 March market crash resulted in stablecoins surging, both in terms of supply and market share. The world's largest stablecoin by market cap, Tether (USDT), has maintained its 4th position on CoiThe post Is stablecoin growth accelerating call for hyperbitcoinization in the market? appeared first on AMBCrypto.

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Crypto Exchange Huobi Leads With Highest Number of USDT Transactions and Net Deposits in March

According to recent data compiled from Jin Guo Zi APP, and JGZ. com, cryptocurrency exchange platform Huobi dominated the network of Tether (USDT) transactions throughout March 2020 – eclipsing the likes of Binance, OKEx, and Bitfinex, among others.

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CoinEx Exchange and Simplex Partner to Easily Buy Cryptocurrencies With Credit Cards

On March 31, crypto exchange CoinEx disclosed they will become partners with Simplex in order to aid crypto credit card purchases. As per the exchange’s press release says, CoinEx users are now able to buy 5 digital currencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Tether (USDT) with their credit […]

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Tether Prints over a Billion USDT in March, Rising Demand or Exchange Run?

We are about to end March, a month that saw the price of bitcoin hitting $3,850 and ready to end the quarter with over 10% losses. With these losses, Bitcoin will make a red quarter hattrick while BTC price hovers around $6,400.

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Tether Becomes Second Crypto to Launch on Blockchain Futures Platform

KuCoin’s derivatives arm KuMEX to launch USDT-margined Bitcoin perpetual contracts on March 30

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Cryptocurrency News Roundup for March 25, 2020

The Tether Treasury minted another 120 million USDT on Wednesday, adding more fuel to the growing concerns about whether or not the controversial stablecoin is actually backed by the correct amount of USD.

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Tether (USDT) Expands to Bitcoin Cash (BCH) to Issue SLP Token

Tether, the stablecoin leader, has announced that it is launching on Bitcoin Cash as well. The Bitcoin Cash protocol uses a sub-protocol, called the Simple Ledger Protocol (SLP), to issue tokens on top of the blockchain base layer, per Bitcoin News, March 21, 2020.

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Traders Flock to Tether, USDC, PAX – Stablecoins See Great Demand After Crypto Market Havoc

Stablecoins have seen massive volume and growth this month especially after the market carnage on March 12. Per usual, tether has been the king of stablecoins following the market downturn, but the 4.

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TRON (TRX) Wallet v3.1.5 Launches with BTC/USDT Swap Support 

Justin Sun’s TRON (TRX) team and Getty/IO have announced the release of the TronWallet 3. 1. 5. Update, which features a bitcoin (BTC) tether (USDT) swap service and more, according to a blog post on March 2, 2020.

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Op Ed: A Summary of

In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants.

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Bitcoin Price Skies 5-Month Highs But $850 Million Tether Scandal Spells Doom

By CCN. com: In the past 24 hours, the bitcoin price has increased by 6 percent against the U. S. dollar as the real spot volume of the dominant cryptocurrency spiked to $800 million. In the first week of March, the daily volume of bitcoin was estimated to be around $270 million.

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Basic Attention Token (BAT) Price Prediction 2019 – The Year of BAT (Late April Update)

Late April Update: Technicals BATBTC daily chart looks bullish as BAT seems to march on unscathed by the Tether drama that resurfaced again, for the zillionth time. BAT is moving upwards in an ascending channel, in textbook maneuvers from bottom to the top line.

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Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.

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Tether [USDT] launched on the Tron [TRX] blockchain as Tronics predict massive bull run

Tron’s [TRX] march towards mainstream adoption has been peppered with multiple updates and developments that include upgrades within the blockchain as well as partnerships with major organizations.

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Tron Announces $20 Million Incentive Plan for Early USDT TRX Adopters

Tron has announced a new incentive plan for the early adopters of USDT Tron in the form of interest rates that will provide the annualized rate as high as 20 percent. “In order to give back to the community members, and celebrate the cooperation between Tether and TRON, on March 21, Singapore time, TRON announced […]

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