Is USDT’s throne up for grabs in the last week of 2022? This new data suggests…
The overall stablecoin transfer volume witnesses massive growth but USDT’s volume declines USDC manages to outperform USDT in terms of transaction volume and value, however, weighted sentiment for USDT improve In a recent development, it was observed that despite the volatility faced by the market, the total trading volume of stablecoins set a new record […]
USDT issuer Tether would stop making secured loans in 2023, thanks to FUD
USDT has been battling FUD around it in recent months as a result of its exposure to collapsed projects like FTX. Tether has made a move to reduce its secured loan to ensure the stability of the token. The last few months, especially following the FTX collapse, have been rough for USDT as the currency […]
Coinbase urges users to switch from USDT To USDC, details inside
Coinbase waived USDT-USDC conversion fees. It is the second CEX to do so after Binance. Coinbase has taken aim at Tether (USDT) with its latest blog post, as it promoted USD Coin (USDC) as a safer stablecoin alternative. The world’s second-largest crypto exchange is attempting to draw USDT users by waiving off the conversion fee […]
A-Z of Tether’s latest rollout on the Tron network
Tether plans to roll out the Chinese Yuan on the Tron network Tether’s future plans include rolling out digital versions of existing fiat currencies Tether, the crypto company that created the USDT stablecoin, announced plans to launch its offshore version of the Chinese Yuan on the Tron network. An evaluation of this rollout from different […]
Tether [USDT] on shaky grounds: Will these new developments reinforce fear
FUD around Tether continued to grow as it didn’t provide audited financial reports Tether’s transaction count declined while active addresses witnessed a rise According to a recent report by the Wall Street Journal, Tether [USDT] issued massive loans of around $6.1 billion as of 30 September 2022. Additionally, Tether did not publish audited financial documents […]
Will Tether’s [USDT] assurance be enough to calm the FUD
Tether released a statement to address the FUD surrounding USDT Weighted sentiment saw an uptick, transaction count fell Owing to the uncertainty being fueled by FTX’s collapse, many members of the crypto-community have suspected that USDT could also be exposed to its negative impact. However, in a recent announcement, Tether has used their platform to […]
Tether has ‘no plans’ to rescue FTX/Alameda, but that’s not all…
As it struggles to close a purported multi-billion dollar hole in its financial sheet, cryptocurrency exchange FTX has lost at least one possible saviour. On 10 November, Tether CTO Paolo Ardoino affirmed that the company has “no plans to invest or lend money to FTX/Alameda.” Ardoino made his remarks in response to a Reuters report […]
Can USDT’s market cap sail Tether’s boat through the ongoing market turmoil
The USDT transaction volume reached a new high over the last four months according to Glassnode’s latest tweet posted on 7 November. With multiple factors in favor of USDT, it appears that the stablecoin may not be losing its dominance anytime soon. 📈 $USDT Transaction Volume (7d MA) just reached a 4-month high of 169,399,066.526 […]
Huge Whale Activity In USDT and USDC, Bull Run Ahead?
After last week’s strong market rally, the cryptocurrency market has taken a bit of pause holding above the $1 trillion valuation. To understand what could be the market activity ahead, it will be crucial to spot the activity of stablecoins like USDT and USDC. On-chain data shows that there has been huge whale activity in The post Huge Whale Activity In USDT and USDC, Bull Run Ahead? appeared first on CoinGape.
BUSD, DAI make a notable comeback after USDT, but USDC…
One move can make or break positions in the crypto world. Well, what we are implicitly referring to is stablecoins. The battle or rather the race to finish at the top continues to create headlines, mainly for three participants- USDT, USDC, and BUSD. The list goes like this Stablecoins witnessed a significant rise, especially in 2021. […]
Tether’s latest update could impact USDT in a positive way
Late in September, Tether made headlines when a judge ordered the company to reveal what is likely to be crucial documentation for any evaluation of USDT’s backing with U.S. dollars. The court found that the proof was necessary to establish that Tether had a treasury that completely backs its stablecoin. This time, Tether has issued […]
Circle’s USD Coin (USDC) Market Cap Tumbles Below $50 Bln, Here’s Why
Circle’s USD Coin (USDC) market cap continues to tumble below $50 billion as whales lose confidence in the stablecoin and exchanges delist USDC amid censorship risks. After the Terra-LUNA crisis and liquidity crisis, some believed the USDC stablecoin will dethrone Tether (USDT). However, the market cap has declined from a high of $55.90 billion in The post Circle’s USD Coin (USDC) Market Cap Tumbles Below $50 Bln, Here’s Why appeared first on CoinGape.
Tether: Bitcoin inflation probe takes new turn; can USDT withstand the pressure
Tether [USDT] seems to have returned to hitting the rocks. In a new development, a New York court ordered Tether to provide its financial records to prove its innocence in a case that saw it cost crypto traders over $1 trillion. In 2019, several crypto traders joined hands and prosecuted Tether and Bitfinex, its partner […]
Is Tether caught in a FUD fiasco? WSJ report could give you a clue
Tether [USDT], one of the largest stablecoins by market cap, has been dominating the stablecoin space for quite some time. Even though Tether is crowned king of the stablecoin space, it has seen a lot of turbulence over the last few years. And, recently it had to fight off allegations made against it in the […]
Tether Makes $1 Bln Swap To Support The USDT Peg, Here’s How
Tether announced on Thursday it will coordinate with a third party to perform a chain swap for raising more than 1 billion USDT while keeping the total supply the same. Tether plans to use Tron TRC20 for the swap. The decision came as the USDT plunged to 0.95, destabilizing its Dollar peg. Just after Tether, The post Tether Makes $1 Bln Swap To Support The USDT Peg, Here’s How appeared first on CoinGape.
Tether (USDT) Daily Unique Addresses Hit 2022 Highs, What It Means For Crypto Markets
A key measure of trade for top stablecoin Tether (USDT) hit its highest level this year, indicating an elevated level of demand. The data could imply two potential scenarios for the crypto industry, based on USDT’s role as a trade facilitator and as a safe haven. According to data from crypto research firm Santiment, daily The post Tether (USDT) Daily Unique Addresses Hit 2022 Highs, What It Means For Crypto Markets appeared first on CoinGape.
Tether And The City Of Lugano Presented Its “Plan B.” What Did We Learn?
The City of Lugano in Switzerland, the most important Italian-speaking city outside of Italy, is not playing around. The goal of their “Plan B” is to “make Lugano the blockchain hub for the entire Europe,” according to Tether’s Paolo Ardoino. And it will probably succeed. The city wants to attract investment and talent, attract wealth and smart minds, and they’re putting their money where their mouth is. Why do they have to brand their plan using bitcoin’s name, though? In NewsBTC’s previous a
The city of Lugano will accept Bitcoin, Tether and LVGA token as 'de facto' legal tender
Residents of the Switzerland city will be able to pay taxes, parking tickets, public services, and tuition fees using crypto. Switzerland’s southern city of Lugano plans for many local businesses to accept some cryptocurrencies as ‘de facto’ legal tender as part of a partnership with Tether.Speaking at the city’s Plan B event on Thursday, Tether chief technical officer Paolo Ardoino said the firm had set up a 3 million-Swiss franc fund in collaboration with Lugano officials t
Swiss city of Lugano to pay taxes in crypto via Tether partnership
The ultimate goal is to accept crypto for payment of all goods and services in the city of Lugano, the city administration said. The city of Lugano, the economic capital of Italian-speaking southern Switzerland, is adopting cryptocurrencies for tax payments as part of a new collaboration with the provider of Tether (USDT) stablecoin.Tether Operations Limited, the blockchain-based platform that powers USDT, the world’s largest stablecoin by market capitalization, has signed a
Ukraine Turns To Crypto: Factors Behind The Trend
Ukrainian citizens are fleeing to crypto as a result of the ongoing Russo-Ukrainian war, or what The Washington Post called “the world’s first crypto war”. There is nothing more expensive than war. In terms of money, it can lead economies to crumble; and in terms of humanity, it can open deep cracks in history. As […]