Tether

US lagging behind in global stablecoin adoption — Chainalysis

October 17, 2024 Coin Telegraph

Bitcoin

Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.

The United States has seen record Bitcoin activity since the launch of spot BTC exchange-traded funds (ETFs). However, stablecoin adoption in the US has slowed in 2024 compared to global markets, according to an Oct. 17 report from Chainalysis.

US markets have recorded a significant shift in stablecoin activity this year, with the share of stablecoin transactions on US-regulated exchanges dropping from roughly 50% in 2023 to below 40% in 2024.

In contrast, the share of stablecoin transactions on non-US regulated platforms has surged since 2023, breaking 60% in 2024, according to Chainalysis’ latest report on crypto adoption trends in North America.

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to 0M: Report

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Equivalent of Entire US Population Has Now Received Tether’s USDT On-Chain in New Milestone for Firm

October 16, 2024 The Daily Hodl

Altcoins

New data from Tether reveals that the number of people who have adopted the firm’s USDT is now equivalent to the entire population of the United States. In a new blog post, Tether says the largest dollar-pegged digital asset by market cap now has over 330 million users, not including those that solely use it […]

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Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Stablecoin Giant Tether Looking To Deploy Billions in Profits to New Lending Venture: Report

October 16, 2024 The Daily Hodl

Altcoins

Stablecoin issuer Tether Holdings Ltd is reportedly considering venturing into commodity trade financing amid a growing cash pile. According to a Bloomberg report, Tether Holdings, which generated $5.2 billion in net profits in the first half of 2024, is exploring the possibility of providing loans to commodities trading firms. Citing ‘people familiar with the matter,’ […]

The post Stablecoin Giant Tether Looking To Deploy Billions in Profits to New Lending Venture: Report appeared first on The Daily Hodl.

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Crypto Biz: Tether’s 10 years with meteoric growth, ties to US, European hurdles

October 11, 2024 Coin Telegraph

Bitwise

Tether has achieved its first 10 years with a considerable jump in its user base, a closer relationship with US authorities and fresh regulatory challenges in Europe.

Tether marked its first 10 years amid a considerable expansion in its user base. According to the stablecoin issuer, it had 350 million users on Oct. 7, an increase of 148% from its 141 million users in 2022.

Tether’s USDT (USDT) rapid growth over the past two years can be partially attributed to a tighter regulatory landscape in the United States, which has put pressure on domestic crypto companies since the FTX debacle in November 2022.

Increased scrutiny by regulators, combined with the 2023 banking crisis that led to the temporary depegging of its primary competitor, USD Coin (USDC), drove many users to move their assets away from US-based platforms amid concerns over regulatory risks and the stability of the financial system. Even though market conditions have evolved since then, Tether has successfully retained a significant portion of these users.

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

USDT Faces Downward Pressure as Investors Pivot to Stocks in China

October 11, 2024 Bitcoin.com

bitcoin.com

USDT, the largest stablecoin in the crypto market, has marginally lost its peg to the U.S. dollar, trading at less than $1 since September 30. Analysts believe this is a byproduct of large outflows from China as crypto investors turn to the national stock market to participate in the bull run following the announcement of […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Cryptoquant: Stablecoin Liquidity Surges to Record Highs as Ripple Introduces RLUSD

October 9, 2024 Bitcoin.com

bitcoin.com

Stablecoin liquidity reached unprecedented levels in September 2024, boosting overall cryptocurrency market activity. Meanwhile, Ripple made a notable entrance into the stablecoin space with its newly launched RLUSD, expanding its influence in the financial landscape. Stablecoin Boom Fuels Crypto Liquidity, Ripple’s RLUSD Market Cap Rises According to a recent report from Cryptoquant, stablecoin liquidity soared […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Tether’s USDT Affected by ‘Panic Buying’ of Chinese Stocks: Report

October 8, 2024 The Daily Hodl

Altcoins

USDT, the stablecoin issued by Tether, is reportedly experiencing the impacts of Chinese investors suddenly returning to their nation’s stock market. According to a new report by Bloomberg, USDT has at times traded below the value of the US dollar since the end of September. Stablecoins are usually pegged to the dollar or other assets […]

The post Tether’s USDT Affected by ‘Panic Buying’ of Chinese Stocks: Report appeared first on The Daily Hodl.

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Tether Celebrates USDT 10-Year Milestone With Documentary Highlighting Global Inflation Issue

October 8, 2024 The Daily Hodl

Altcoins

Top stablecoin issuer Tether is celebrating the 10th anniversary of the launch of USDT with the rollout of a new documentary film focused on the issue of inflation. The upcoming film, titled “Stability and Freedom in Chaos,” will advertise Tether’s role in countries dealing with inflation, including Argentina, Brazil and Turkey. A teaser for the […]

The post Tether Celebrates USDT 10-Year Milestone With Documentary Highlighting Global Inflation Issue appeared first on The Daily Hodl.

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Tether teases USDT documentary on 10th anniversary

October 7, 2024 Coin Telegraph

10th anniversary

Tether CEO Paolo Ardoino said in an X post that the company will continue to bring financial inclusion to people who are “left behind.”

Stablecoin issuer Tether announced on its 10th anniversary that it will release a documentary on USDT and its impact on fighting inflation.

In its trailer, Tether presented interviews with users who have benefited from the stablecoin as they attempt to combat inflation. The trailer showed interviews in Turkey, Brazil and Argentina, where people are subjected to high inflation rates.

The teaser tries to portray the Tether (USDT) stablecoin as a tool people use similarly to the US dollar. One interviewee claimed that in Brazil, “Tether with USDT is like 90% of the transactions that Brazil makes during the day.”

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

US Targets Lazarus Group and APT38 in $879M Crypto Forfeiture Complaint

October 7, 2024 Bitcoin.com

APT38

Offshore Alert reporter David Marchant disclosed the United States has initiated two forfeiture complaints related to previously confiscated bitcoin (BTC) and tether (USDT), alleging that these funds were snatched by the notorious North Korean hacking groups Lazarus Group and Advanced Persistent Threat 38 (APT38). These cyber hacking syndicates are known for their operations to fund […]

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