News
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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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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Tether AI’s crypto payment support will be enabled via a newly launched wallet development kit that enables self-custodial wallets for Bitcoin and Tether's USDt.
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Stablecoins are gaining adoption as firms feel more comfortable with a legal landscape that is increasingly accommodating to crypto.
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Tether’s current reserves excess is at its lowest point since Q2 2024 when the company held $5.3 billion in reserves.
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Paolo Ardoino said that the recently implemented European framework on digital assets was "very dangerous when it comes to stablecoins."
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Stablecoin adoption could accelerate global demand for US Treasury bills, the Treasury said.
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The stablecoin issuer is already the US dollar's "largest exporter," its CEO reportedly said.
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According to Fireblocks policy chief Dea Markova, more countries are pushing for alternatives to US dollar stablecoins: “It’s all about sovereignty.”
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Bitrace reported that $649 billion — about 5.14% of all stablecoin transactions in 2024 — flowed through high-risk addresses linked to illicit activities.
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As the Russian government reportedly eyes ruble-backed stablecoins, a local industry executive warned that a viable “Tether replica” would require a lot of effort.
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Regulatory tailwinds have helped Circle regain ground in the stablecoin market, with USDC outpacing USDT's growth since November.
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Gold-backed cryptos like Tether Gold and Paxos Gold have risen around 7% in the past month as investors seek safe haven assets.
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Strike CEO Jack Mallers reiterated his commitment to Strike, saying he expects “8-9 figures in net profit in 2025.”
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Tether raised its stake in Juventus to over 10% as part of its broader push into sports, media and crypto investments.
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Twenty One Capital has grand plans to dethrone Michael Saylor’s Strategy as the leading Bitcoin treasury firm, receiving investment support from industry heavyweights.
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