Stablecoin issuer Tether (USDT) is announcing new plans to launch a new digital asset pegged to the Dirham (AED), the currency of the United Arab Emirates (UAE). In a new press release, the firm behind USDT says that it will be working closely with the nation’s central bank as well as blue-chip tech companies to […]
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Blockchain data shows that stablecoin issuer Tether has minted over $33 billion in USDT over the last year. According to blockchain tracking firm Lookonchain, $33 billion in USDT has been minted on the Tron (TRX) and Ethereum (ETH) blockchains. “Tether Treasury minted 1B USDT on Tron Network again 25 minutes ago! TetherTreasury has minted 33B […]
The post Tether Mints Over $33,000,000,000 in USDT This Year on TRON and Ethereum: On-Chain Data appeared first on The Daily Hodl.
Tether, the issuer of USDT, the largest dollar-pegged stablecoin in the crypto market, has announced the launch of its star product on Aptos, a scalable and rapid blockchain. Tether seeks to offer rails with “extremely low gas fees” for USDT users, opening opportunities for the development of new use cases such as microtransactions and large-scale […]
The firm behind the largest US dollar-pegged stablecoin by market cap will soon be launching on another layer-1 blockchain. According to a new announcement from Tether, USDT will soon be available on Aptos (APT), a high-speed Ethereum (ETH) rival blockchain built for scalability. “Tether, the largest company in the digital assets industry, today announced that […]
The post Stablecoin Issuer Tether Announces Launch of USDT on Aptos (APT) Network appeared first on The Daily Hodl.
Based on recent market data, the cryptocurrency cardano (ADA) has fallen out of the top ten rankings, making way for tron (TRX) to take its place. ADA has struggled to hold its ground among the leading cryptocurrencies this year, and in the past 30 days alone, it has dropped 23% against the U.S. dollar. Once […]
Former President Donald Trump is reportedly choosing the CEO of Tether custodian Cantor Fitzgerald to lead his transition team. According to a new report by Politico, Trump is announcing that Howard Lutnick, the chairman and chief executive of financial services giant Cantor Fitzgerald, will lead his transition team along with Linda McMahon, the former head of […]
The post Former President Trump Picks Tether Custodian CEO To Spearhead Transition Team: Report appeared first on The Daily Hodl.
Tether's USDT launch on Aptos could significantly boost decentralized finance adoption by leveraging Aptos' speed, scalability, and low fees.
The post Tether to deploy USDT on Aptos blockchain appeared first on Crypto Briefing.
The stablecoin market has been picking up speed lately, and between Aug. 9 and Aug. 18, 2024, it expanded by $2.21 billion. During this period, Tether’s supply ballooned by an additional 1.26 billion USDT. Stablecoin Boom: $2.21B Growth Driven by Tether and PYUSD Between Aug. 9 and Aug. 18, 2024, the stablecoin economy expanded by […]
Bitcoin price falls as demand for leveraged long BTC futures and stablecoins drops.
Bitcoin (BTC) has been stuck in a narrow range since Aug. 8, and unable to surpass $62,000 while reinforcing support at $58,000. This consolidation reflects growing uncertainty among traders, especially as the BTC futures funding rate remains negative, indicating low demand leverage from buyers.
The question arises as to whether this indicator alone can dictate the cryptocurrency market's trajectory or if historical patterns suggest an impending rally.
A key concern for Bitcoin investors is the positive performance of the S&P 500 index, which is currently just 2.5% below its all-time high, and gold, which is trading a mere 1% below its record level. In this context, it's challenging to rationalize Bitcoin being 19.5% below its March 14 peak of $73,757, regardless of whether the cryptocurrency is viewed as a risk-on asset or a hedge against potential disruptions in the US debt situation.
Stablecoin issuer Tether has announced a $3 million strategic investment in the Kem app, a platform for money transfers and financial management. This collaboration aims to introduce USDT on Kem’s platform, promoting widespread adoption in the Middle East and enhancing financial inclusion. The investment is expected to improve economic conditions in countries like Kuwait, Bahrain, […]
