April 18th, 2025
Tether (USDT) News - Page 12
Federal Reserve Official Says Crypto and Stablecoins Will Strengthen and Not Threaten US Dollar
By Tolu Ajiboye
February 16th, 2024
According to the official, the use of dollar stablecoins in the decentralized finance sector is good because it strengthens the USD.
Popular Bitcoin Proponent Gabor Gurbacs Praises Satoshi Nakamoto’s Disappearance
By Chimamanda U. Martha
February 12th, 2024
Due to the anonymity of the Bitcoin creator, many people have come forward to claim his fame. However, no one has successfully proved beyond reasonable doubt that they are Nakamoto.
US Lawmakers Are ‘Very, Very Close’ to Finalizing Stablecoin Deal, Says Maxine Waters
By Tolu Ajiboye
February 8th, 2024
Waters said a deal with the feds, to create some oversight in the US stablecoin market, has been worked out.
Oobit Token Jumps 44% in 24 Hours Following $25M Funding Led by Tether
By Chimamanda U. Martha
February 6th, 2024
Paolo Ardoino, Tether’s chief executive officer, emphasized that the company’s investment in Oobit reflects its dedication to embracing newcomers in the industry.
JPMorgan Warns of Tether’s Dominance and Regulatory Risks to Crypto
By Godfrey Benjamin
February 2nd, 2024
JPMorgan’s report suggests that stablecoin issuers adhering closely to existing regulations stand to benefit from impending regulatory scrutiny.
Tether Reports Record $2.85B Profit as Biggest Stablecoin Nears $100B Market Cap
By Steve Muchoki
February 1st, 2024
Tether reported an excess equity of $5.4 billion and cash equivalent cover of 90% of all issued tokens during the fourth quarter of 2023.
CoinShares Analysts Tip Bitcoin-Based ‘Rival’ to Shake Stablecoin Space
By Mayowa Adebajo
January 23rd, 2024
Analysts believe that any Bitcoin-based projects at this time will not only “rival the speed and cost” of alternatives but also retain the undeniable stability of the Bitcoin infrastructure.
Cantor CEO on Tether Controversy: They Have the Money They Say They Have
By Steve Muchoki
January 17th, 2024
Cantor Fitzgerald CEO Howard Lutnick said in a recent interview that stablecoins issuer Tether does have the money it claims to possess amid the mass adoption of digital assets in countries suffering from hyperinflation.
UN Flags Increased USDT Stablecoin Use in Money Laundering across Asia
By Chimamanda U. Martha
January 15th, 2024
Despite the increasing involvement of the USDT stablecoin in criminal activities, the UN has reported that law enforcement authorities have successfully dismantled various money laundering organizations responsible for transferring illegal funds using USDT.
Fidelity Predicts Stablecoins and DeFi Resurgence Ahead of Fed Rate Cuts
By Godfrey Benjamin
January 15th, 2024
Fidelity Digital suggests that 2024 might witness a resurgence of institutional interest in DeFi yields.
Cybercriminals Snatched Nearly $100M in Crypto in December
By Chimamanda U. Martha
January 2nd, 2024
The Orbit Chain developers said they have involved law enforcement agencies to help track the hackers and possibly freeze the stolen funds.
German Asset Manager DWS to Issue Euro Stablecoin Along with Galaxy
By Bhushan Akolkar
December 13th, 2023
To uphold the token’s value, stablecoin issuers often reserve cash or liquid assets. Amid rising interest rates, DWS is poised to manage the reserves for the new stablecoin.
S&P Global Ratings Launches Stablecoin Assessment, Slams Tether’s USDT with Negative Review
By Mayowa Adebajo
December 13th, 2023
S&P Global Ratings senior analyst Lapo Guadagnuolo believes that the growth of stablecoins does not mean that they are immune to risk factors.
El Salvador’s Bitcoin-Backed Volcano Bonds Get Regulatory Approval
By Temitope Olatunji
December 12th, 2023
By securing outside funding support through the pioneering Volcano Bonds, El Salvador can continue progressing with Bitcoin integration across governmental services and society.
Tether Freezes over 160 Ethereum Wallets Tied to OFAC Sanctions List
By Temitope Olatunji
December 11th, 2023
Reactions from the crypto community have been mixed, with some viewing Tether’s actions positively in terms of encouraging wider adoption and demonstrating improved oversight within the stablecoin market.