
April 18th, 2025
USDT has become the most traded stablecoin, especially after the de-pegging of Circle’s USD Coin (USDC) earlier this year.
The SEC noted that Wahi and Nikhil purchased at least 25 crypto assets from Coinbase before listings, out of which nine were securities.
Tether USDT recently announced that it will regularly allocate up to 15 percent of its net realized operating profits towards purchasing Bitcoin as a reserve currency.
Strike will be hoping to leverage Tether’s stability as a reliable store of value to appeal to more clients globally.
Stablecoin issuer Tether has announced plans to purchase Bitcoin with 15% of realized operating profits routinely.
Amid the current banking crisis in the United States, stablecoin issuers like Tether and Circle have been moving their reserves to the safest instrument i.e. US Treasury.
Tether continues to dominate the stablecoin market with a market cap of over $82 billion and is currently the third-largest cryptocurrency by market cap.
The stablecoins market is expected to significantly grow amid the mainstream adoption of Bitcoin and other digital assets globally.
Tether CTO Paolo Ardoino called the minting of the new stablecoins as part of replenishing its inventory.
According to the company’s spokesperson, Bitget is debt-free and has adequate cash flow due to its steady development.
The rise in gold prices has been attributed to mounting speculation about the United States Federal Reserve’s future policy following the release of jobs data.
As the growing liquidity strain in the price of Bitcoin is a major concern, American banks are likely to start exploring new avenues to rebuild that part of the industry.
Amid the fallout of the Silicon Valley Bank this month, Circle’s USDC stablecoin saw massive outflows which continue to date. The USDC stablecoin has lost 23% market share in less than a month’s time.
The Kokomo Finance protocol has been found to be an elaborate exit scam after developers used wrapped Bitcoin to steal user funds worth $4M.
The USDT announcement made by Telegram, however, did not have an immediate positive rally on the TON price.