Stablecoin Market Climbs $2.81B in a Week, Nearing $160B Valuation

April 19, 2024 Bitcoin.com

Stablecoin Market Climbs .81B in a Week, Nearing 0B Valuation

Altcoins

Over the past seven days, the stablecoin sector has expanded by $2.81 billion, bringing the dollar-pegged cryptocurrency market close to a total valuation of $160 billion. A significant portion of this growth, exceeding $2 billion, is attributed to the increase in USDT’s market capitalization, which reached $109.38 billion by Friday at 1:00 p.m. Eastern Time. […]

Eigenlayer’s Airdrop Faces Backlash Over Token Restrictions and Minimal Allocations

Tether Launches USDT on Ton Blockchain, Giving the Stablecoin Access to Telegram Messaging Platform’s Userbase

April 19, 2024 The Daily Hodl

Altcoins

Stablecoin issuer Tether (USDT) is launching its dollar-pegged asset over The Open Network (TON), giving it access to the user base of the popular messaging platform Telegram. In a new article, Tether says that it is launching both USDT and Tether Gold (XAUT), its gold-backed crypto asset, over the layer-1 protocol TON, bringing its total […]

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Eigenlayer’s Airdrop Faces Backlash Over Token Restrictions and Minimal Allocations

USDT aims to offer a lifeline to inflation-stricken nations: Tether CEO

April 19, 2024 Coin Telegraph

Coin Telegraph

Unlike other stablecoin issuers, Tether says it is focused on offering stablecoin services to the world’s unbanked, which amounts to over 300 million people.

The main purpose of the world’s largest stablecoin, Tether USD (USDT), is to help people in inflation-stricken economies protect their purchasing power, according to Tether CEO Paolo Ardoino.

In an exclusive interview with Cointelegraph, Ardoino said Tether’s main focus is to help the unbanked population who don’t have access to traditional banking gain access to USDT.

Rampant inflation is forcing people in emerging economies to increasingly look for external financial alternatives, such as the U.S. dollar. This issue is especially pressing in Argentina, where the national currency lost 98% of its value against the dollar, according to Ardoino.

Eigenlayer’s Airdrop Faces Backlash Over Token Restrictions and Minimal Allocations

Tether launches native USDT and XAUT stablecoins on TON’s blockchain

April 19, 2024 The Crypto Briefing

Crypto Briefing

Tether launches USD and XAU on The Open Network, expanding its blockchain presence and enhancing P2P payments for Telegram users.

The post Tether launches native USDT and XAUT stablecoins on TON’s blockchain appeared first on Crypto Briefing.

Eigenlayer’s Airdrop Faces Backlash Over Token Restrictions and Minimal Allocations

Tether USDT stablecoin goes live on TON blockchain

April 19, 2024 Coin Telegraph

Coin Telegraph

Tether and Telegram’s Web3 ecosystem are coming closer together with USDT and XAUT launch on the TON blockchain.

Tether stablecoin operator is strengthening ties with Telegram’s Web3 ecosystem by launching its stablecoins like Tether (USDT) on The Open Network (TON).

Tether Operations announced on April 19 the launch of its U.S. dollar-pegged Tether USDT stablecoin and the gold-pegged Tether Gold (XAUT) stablecoin on the TON blockchain.

The announcement came in conjunction with Tether CEO Paolo Ardoino and Telegram founder Pavel Durov’s keynote speeches at the crypto event Token2049 in Dubai.

Eigenlayer’s Airdrop Faces Backlash Over Token Restrictions and Minimal Allocations

Beyond Stablecoins: USDT-Issuer Tether Announces New Distinct Business Divisions

April 18, 2024 The Daily Hodl

Altcoins

Stablecoin issuer Tether (USDT) says it’s branching out and advancing beyond just offering dollar-pegged crypto assets. In a new announcement, Tether says that it is adding four new divisions to its business model – data, finance, power, and education – as a means of creating an inclusive, future-proof financial and tech ecosystem. “Tether’s expansion beyond […]

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Eigenlayer’s Airdrop Faces Backlash Over Token Restrictions and Minimal Allocations

Tether launches new departments with fresh focus on AI, finance, Bitcoin mining and education

April 18, 2024 The Crypto Briefing

Bitcoin mining

Tether unveils new divisions dedicated to AI, Bitcoin mining, finance, and education, marking an expansion of its digital asset services.

The post Tether launches new departments with fresh focus on AI, finance, Bitcoin mining and education appeared first on Crypto Briefing.

Eigenlayer’s Airdrop Faces Backlash Over Token Restrictions and Minimal Allocations

Binance’s $1B emergency ‘SAFU’ fund now makes up 3% of UDSC supply

April 18, 2024 Coin Telegraph

Binance

Binance’s billion-dollar emergency fund was previously held in three wallets: Bitcoin, Tether, True USD and BNB.

The world’s largest crypto exchange, Binance, is converting its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin and now holds 3% of its circulating supply.

The company announced the move on April 18, stating that “we are transferring 100% of SAFU’s assets to USDC” but didn’t elaborate on why, other than it was “making use of a trusted, audited, and transparent stablecoin for SAFU,” which further enhances its reliability and ensures it remains stable at $1 billion.

The exchange’s Secure Asset Fund for Users is an emergency insurance fund established in 2018 to protect Binance users in extreme situations, such as exchange hacks, where users could be reimbursed for unforeseen losses.

Eigenlayer’s Airdrop Faces Backlash Over Token Restrictions and Minimal Allocations

Tether announces restructuring to go beyond stablecoins

April 18, 2024 Coin Telegraph

Bitcoin

With the new divisions, Tether aims to expand its mission to provide a range of new infrastructure solutions, investments and services.

Tether — the operator of the eponymous Tether (USDT) stablecoin, the world’s largest stablecoin by market value — is restructuring to introduce new divisions beyond stablecoin development.

The stablecoin giant has launched a new framework introducing four new business divisions, including Tether Data, Tether Finance, Tether Power and Tether Edu, according to an official announcement on April 18.

With the new divisions, Tether aims to expand its mission to provide a range of new infrastructure solutions, investments and services.

Eigenlayer’s Airdrop Faces Backlash Over Token Restrictions and Minimal Allocations

‘A Masterpiece’ – Tether CEO Hints at New Fully Non-Custodial Tokenization Platform From Top Stablecoin Issuer

April 16, 2024 The Daily Hodl

Bitcoin

Tether (USDT) will soon roll out a fully non-custodial tokenization platform to the public, according to Paolo Ardoino, the stablecoin issuer’s chief executive. Ardoino calls the upcoming platform “a masterpiece.” “Fully non-custodial. Multi-chain. Multi-asset type. Super customizable. Tokenize anything from any bonds, stocks or funds to coffee shop reward points. A white label of our […]

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