
April 11th, 2025
Tether is moving to El Salvador and will collaborate with the authorities for innovative projects while pushing for the adoption of stablecoins.
The chain swap reallocates $1 billion worth of USDT from multiple blockchains to the Tron network without affecting the overall supply of USDT.
Tether’s market cap has experienced a sharp 1% decline, falling from $140 billion to $137 billion, following the implementation of the EU’s Markets in Crypto Assets (MiCA) regulations.
Stablecoin giant Tether adds 8,400 BTC to its reserves, now holding $7.8B in Bitcoin, surpassing its USDT holdings amid regulatory developments.
Tether (USDT) dominates the stablecoin space, growing from a $91.7 billion market cap at the start of 2024 to surpass $140 billion by December 19.
In preparation for MiCA, several European exchanges have delisted Tether’s USDT stablecoin, pushing crypto investors to increasingly rely on the Euro for transactions.
Tether has strategically invested in the European stablecoin issuer StablR, which operates the euro-backed StablR Euro (EURR) and USD-pegged StablR USD (USDR).
Tether views this recognition as a major milestone for integrating stablecoins into regulated financial ecosystems.
Tether’s dominance in the stablecoin market remains unchallenged, with 330 million on-chain wallets holding USDT by Q3 2024, far outpacing all other stablecoins.
Overall, Tether’s idea is to make USDT transactions more accessible and efficient globally.
Financial institutions prefer Ethereum as the leading blockchain for tokenizing US dollar-backed real-world assets. Ethereum overtook Tron after $2 billion USDT minting last week.
The potential collaboration could reshape crypto lending, blending Wall Street power with blockchain technology.
Tether issued an additional $3 billion in USDT tokens in November, with $2 billion minted on Ethereum and $1 billion on the Tron network.
Tether CEO Paolo Ardoino emphasized that supporting Quantoz reflects Tether’s commitment to fostering innovative and regulated solutions in the digital asset landscape.
Hadron supports multiple smart-contract-enabled blockchains, even the Bitcoin Layer 2 solution known as Liquid by Blockstream.