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, […]

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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.

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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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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 […]

Russia is free to use Bitcoin in foreign trade, says finance minister

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.

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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 […]

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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 […]

Russia is free to use Bitcoin in foreign trade, says finance minister

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.”

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Tether’s Investment Arm Announces Completion of Funding for Middle Eastern Crude Oil Trade

November 8, 2024 The Daily Hodl

Blockchain

Tether’s Investment division is announcing the financing of a $45 million physical crude oil transaction between a major oil company and a commodity trader. In a new announcement, the USDT-stablecoin issuer says that this transaction is Tether Investments’ first crude oil transaction in the Middle Eastern region, marking Tether’s expanding role in global commodities trading. […]

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Tether swaps more than 2 billion USDT to the Ethereum network

November 7, 2024 Coin Telegraph

Coin Telegraph

The vast majority of Tether's USDT volume exists on the Tron network due to comparatively lower fees and faster transaction finality.

Stablecoin issuer Tether announced it was conducting a large cross-chain swap of more than 2 billion Tether-USD (USDT) from various blockchain networks to the Ethereum network on November 6, 2024.

According to Tether, 1 billion USDT will be swapped from the Tron network, 600 million USDT will be transferred from the Avalanche C-Chain, an additional 300 million USDT from the NEAR protocol will also make its way to the Ethereum network, and, finally, 60 million USDT from the EOS network will also be swapped to Ethereum.

The stablecoin firm explained that the cross-chain swap was performed on behalf of a large, unnamed exchange wishing to transfer their USDT holdings from various cold wallets to the Ethereum blockchain.

Tether

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