News
Yala’s Bitcoin-collateralized YU stablecoin dropped as low as $0.2046 after an attempted protocol attack, failing to restore its $1 peg.
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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.
- Breaking news
The former White House crypto adviser, who joined Tether in August, will become CEO of its planned US-regulated, dollar-backed stablecoin project.
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The stablecoin market cap topped $300 billion on CoinMarketCap, but discrepancies across platforms like CoinGecko and DefiLlama highlight challenges in tracking crypto assets.
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Tether CEO Paolo Ardoino says the firm “didn’t sell any Bitcoin” and is still allocating profits into BTC, gold and land.
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As inflation hits 229%, stablecoins like USDt are overtaking Venezuela’s bolívar for everyday payments, from groceries to salaries.
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Tether has accumulated $8.7 billion in physical gold and has a gold-backed cryptocurrency with a $1.4 billion market cap.
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Crypto exchange Bybit has become the first crypto exchange to debut stablecoin payments for regulatory fees in Kazakhstan’s AIFC.
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Meet the leaders shaping crypto in 2025 (BlackRock, Tether, Ethereum, Solana and EigenLayer) and what’s next on ETFs, stablecoins and restaking.
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Binance and Tether are eyeing Korea’s stablecoin rules that may boost coins pegged to the South Korean won or strengthen USD dominance.
- News
Tether has scrapped plans to end USDT on Omni, Bitcoin Cash SLP, Kusama, EOS and Algorand, allowing it to continue in a limited capacity.
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A significant portion of the almost $5 billion ETH awaiting withdrawal may be sold to lock in profits, considering Ether’s 72% climb over the past three months
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Google Cloud’s Web3 head used a LinkedIn post to brand the company’s upcoming Universal Ledger as a neutral blockchain for financial institutions.
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USDT0 expands to 11 networks with Polygon integration, while XAUT0 grows following its TON debut and HyperEVM integration.
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Thai police have arrested a South Korean man accused of helping a call center gang launder over $50 million in crypto into gold.
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Crypto inclusion in 401(k) plans may be more significant for Bitcoin than the 2024 launch of US spot Bitcoin ETFs, according to Bitwise’s European head of research.
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