Donald Trump taps crypto advocate Lutnick as commerce secretary

November 20, 2024 Coin Telegraph

Bitcoin

The future commerce secretary is a billionaire whose Wall Street firm has ties to Tether.

United States President-elect Donald Trump has chosen Cantor Fitzgerald CEO Howard Lutnick to be his Secretary of Commerce, according to press reports on Nov. 19. Lutnick has a long record as a cryptocurrency proponent.

The Secretary of Commerce is charged with advancing US business both domestically and abroad. The secretary is a member of the Cabinet of the United States — the president’s closest advisers. Lutnick is currently the co-lead of the Trump transition team and was seen as the most likely candidate for the Cabinet position.

Lutnick has attracted attention in the crypto world for his ties to the stablecoin issuer Tether (USDT) and statements he has made about Bitcoin (BTC).

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Tether Announces New Investment to Support Upcoming Launch of ‘Milestone’ Stablecoins

November 18, 2024 The Daily Hodl

Daily Hodl

USDT-issuer Tether is investing in Quantoz Payments to launch new Markets in Crypto-Assets Regulations (MiCAR)-compliant stablecoins in the European markets. According to a new Tether announcement, the crypto firm says its launching two new stablecoins, EURQ and USDQ, via Tether’s Hadron platform. Says Tether, “These stablecoins represent a significant milestone in advancing grassroots-regulated digital asset […]

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Pro-Crypto Shift at SEC Begins as Anti-Crypto Commissioner Steps Down After Gensler Resigns

A $9.7 Billion Boom in 14 Days—Stablecoin Market Eyes Historic Peak

November 16, 2024 Bitcoin.com

A .7 Billion Boom in 14 Days—Stablecoin Market Eyes Historic Peak

Altcoins

Over the past 14 days since Nov. 2, an eye-popping $9.736 billion has flowed into the stablecoin economy, adding to the $555 million boost recorded in October. Near Record Highs: Stablecoin Economy Grows Stablecoins have cemented their role as a powerhouse in the crypto world, holding immense value and influence. Over the last two weeks, […]

Pro-Crypto Shift at SEC Begins as Anti-Crypto Commissioner Steps Down After Gensler Resigns

Tether mints $1 billion USDt on Tron, pays zero fees — Arkham

November 16, 2024 Coin Telegraph

Tether mints billion USDt on Tron, pays zero fees — Arkham

Coin Telegraph

According to stablecoin firm Tether, approximately $127 billion in Tether-USD tokens (USDt) are currently in circulation.

Tether minted $1 billion in USDt (USDT) stablecoins on the Tron network and paid no fees for the large transaction, according to data from onchain analytics firm Arkham Intelligence.

The analytics platform highlighted the Nov. 14 transaction from a “black hole address” on Tron to Tether’s multisignature wallet beginning with the characters “TBPxh.”

Onchain records also show that almost immediately after the 1 billion USDT was sent to Tether’s multisignature wallet, the funds were transferred to the stablecoin firm’s treasury, and this transaction likewise featured zero fees.

Pro-Crypto Shift at SEC Begins as Anti-Crypto Commissioner Steps Down After Gensler Resigns

Top Stablecoin Firm Tether (USDT) Rolls Out Private Beta of New Tokenization Platform

November 15, 2024 The Daily Hodl

Altcoins

The leading stablecoin firm Tether (USDT) has rolled out a private beta for a new tokenization platform. “Hadron by Tether” aims to simplify the tokenization process for stocks, bonds, funds, stablecoins, loyalty points, real estate, art and other assets, according to a new press release from the firm. Tether chief executive Paolo Ardoino notes the […]

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Pro-Crypto Shift at SEC Begins as Anti-Crypto Commissioner Steps Down After Gensler Resigns

Tether Introduces Hadron Platform for Asset Tokenization

November 14, 2024 Bitcoin.com

bitcoin.com

Tether has introduced Hadron, a new platform aimed at expanding asset tokenization to a broader market. Tether Launches Hadron Platform Tether, known as a leading issuer of stablecoins, has launched Hadron, a platform designed to streamline the process of asset tokenization. According to the announcement shared with Bitcoin.com News, the platform aims to make it […]

Pro-Crypto Shift at SEC Begins as Anti-Crypto Commissioner Steps Down After Gensler Resigns

Tether launches open-source wallet development kit for humans and AI

November 12, 2024 Coin Telegraph

The WDK will enable developers to integrate non-custodial wallets for USDT and Bitcoin into any app, website or device.

The world’s largest stablecoin issuer, Tether, launched an open-source wallet development kit (WDK) to enable businesses and developers to integrate non-custodial wallets into any website or app — and it’s even designed to work with AI agents.

On Nov. 11, Tether announced the launch of its WDK, which it described as a modular software development kit “designed to empower businesses and developers to seamlessly integrate non-custodial wallets and user experiences for USDT and Bitcoin in any app, website, and device.”

The WDK was designed to support both human users and “embrace new digital beings like AI agents, robots and autonomous systems,” the firm said.

Pro-Crypto Shift at SEC Begins as Anti-Crypto Commissioner Steps Down After Gensler Resigns

Stablecoin Issuer Tether Prints Nearly 4,000,000,000 USDT As Crypto Markets Edge Higher

November 11, 2024 The Daily Hodl

Blockchain

Stablecoin giant Tether has created an additional four billion USDT as Bitcoin (BTC) and digital assets make another run to the upside. Blockchain tracking firm Lookonchain says that a “massive amount of money” is set to flow into crypto markets as Tether accelerates its production of USDT, with 2 billion coins being printed in just […]

The post Stablecoin Issuer Tether Prints Nearly 4,000,000,000 USDT As Crypto Markets Edge Higher appeared first on The Daily Hodl.

Pro-Crypto Shift at SEC Begins as Anti-Crypto Commissioner Steps Down After Gensler Resigns

10 Months With Tether: USDT Supply Swells to $123 Billion, Leaving Rivals in the Shadows

November 10, 2024 Bitcoin.com

10 Months With Tether: USDT Supply Swells to 3 Billion, Leaving Rivals in the Shadows

bitcoin.com

It has been over ten months, and through 2024, tether (USDT), the leading stablecoin by market value, has expanded its supply by 34.27%. Tether’s USDT Expands by 34% in 2024 Over the past year, USDT’s supply climbed by 34.27%, rising from $91.73 billion to $123.17 billion. Tether, launched nine years and eight months ago with […]

Pro-Crypto Shift at SEC Begins as Anti-Crypto Commissioner Steps Down After Gensler Resigns

Canadian police praise Tether for ‘swift’ recovery of stolen funds

November 8, 2024 Coin Telegraph

Asset Freeze

The stablecoin firm previously came under fire from Wyoming Senator Cynthia Lummis for allegedly facilitating illicit finance activities.

The Ontario Provincial Police (OPP) thanked stablecoin issuer Tether for its assistance in aiding an investigation by freezing approximately 10,000 Canadian dollars ($7,186) in Tether stablecoins stolen from an individual, which has since been returned to the victim.

Tether worked alongside the OPP’s Cyber Investigations Team to recover the funds, and following the successful operation, Addison Hunter — detective staff sergeant of the OPP — remarked:

Tether CEO Paolo Adoino also highlighted the company’s commitment to “Supporting law enforcement efforts to combat cybercrime,” and will continue to work with law enforcement officials worldwide to “Hold bad actors accountable and, ultimately, support the victims.”

Tether

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