News
The growing stablecoin supply suggests cryptocurrency adoption is at its mainstream “tipping point.”
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Tether News
What is Tether? The Tether definition is fairly simple. Tether (USDT) is a stablecoin cryptocurrency, with each token aimed at tracking the value of 1 U.S. dollar. Assets pegged to the value of national currencies (fiat currencies) are called stablecoins. Participants can sell other cryptocurrencies for USDT to protect against volatility while maintaining the ability to send the asset to personal wallets or storage. Ethereum, as well as other blockchains, host USDT.
Trading a Bitcoin/Tether, or BTC/USDT, pair is an option on some crypto exchanges or platforms. Cointelegraph’s Tether Price Index shows various data on the asset, including its market cap, along with its price, which should remain close in value to the U.S. dollar.
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Authorities confiscated more than $200,000 of cryptocurrency held in at least 17 wallets, DOJ said in a statement.
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Tether has invested $10.8 million in Italian media company Be Water, acquiring a 30.4% stake to expand digital content and support independent journalism, the firm said.
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Tether CEO Paolo Ardoino says crypto has entered the stablecoin multiverse era, with rising competition and a bold goal of one billion users.
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Canadian video streaming platform Rumble launched a USDT wallet for creator payments following Tether’s $775 million investment.
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Tether CEO Paolo Ardoino reportedly said a full audit is a “top priority” as the firm looks to enlist a Big Four accounting firm for the task following recent criticism.
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Stablecoins are seeing growing adoption among regulators and investors, which may signal that the current bull market is only “mid-cycle,” according to some analysts.
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Stablecoin volatility and the incoming FTX repayments may further limit Solana’s price action as traders await the outcome of a key technical chart pattern.
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Russian oil firms are using Bitcoin and USDt for trade with China and India despite global sanctions, according to Reuters.
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Circle’s USDC stablecoin accounted for Latin America’s biggest share of crypto purchases on the major local exchange Bitso in 2024.
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A crypto trader fell victim to a sandwich attack on March 12, losing over $215,000, and one industry pundit suspects they may have been attacked another five times on the same day.
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Thailand’s SEC had previously approved Bitcoin, Ether, XRP, XLM and certain tokens used for settlement by the central bank.
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US stablecoin policies may drive Bitcoin adoption and investment as regulators push to maintain the dollar’s dominance, benefiting BTC and institutional crypto growth.
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Crypto exchange Garantex halted trading and withdrawals after Tether froze about $27 million of its stablecoin USDT tied to the platform.
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The European Securities and Markets Authority confirmed that MiCA rules do not explicitly ban non-compliant stablecoin custody and transfers.
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