
April 18th, 2025
The two countries shall use this stablecoin to facilitate cross-border transactions and foreign trade between the two.
USDT remains the biggest stablecoin in the market with a market capitalization of $66.38 billion.
In December, the Canadian Securities Administrators (CSA) announced strengthening its approach to oversight of crypto trading platforms by expanding existing requirements for platforms operating in Canada.
Despite the fact that customers may be shifting their focus to its competitor, Tether doesn’t see a threat.
Globally-renowned exchange Binance recently admitted that its BUSD peg was inadequately undercollateralized by $1 billion.
Gleec has also dived into El Salvador, the country that was ranked as the first in the world to legalize Bitcoin back in September 2021.
Alibaba faced an “equipment anomaly” in the hardware controlling its cloud infrastructure due to which OKX services remained suspended for 7 hours. The exchange has now resumed withdrawals for BTC, ETH, and stablecoins.
By a very large margin, Tether comes off as one of the top three companies operating as a Virtual Asset Service Provider (VASP) that receives a constant attack from mainstream media per its reserve.
CFTC’s new filing may have established that claims of staked coins being securities are incorrect.
Tether CTO Paolo Ardoino denounced the decision, along with several Twitter users who have questioned the motive.
According to Tether, this launch is well in line with its mission of “pioneering stablecoin technology and bringing the largest and most liquid stablecoins to global markets everywhere.”
Huobi Global says that customers will soon be able to access Tether Gold and Euro Tether stablecoins, representing ownership of assets.
As per the latest reports, the US DoJ has once again revived the investigation into Tether’s alleged bank fraud.
From $1 billion market cap last year, the total market cap of the HUSD stablecoin has dropped to $63 million this year.
Those eligible for this feature are users who purchase the maximum allocation in the sale.