In a recent announcement, crypto exchange OKX revealed its decision to discontinue support for digital currencies traded against Tether Holdings Ltd’s USDT token for users based in the European Economic Area (EEA). This move comes as OKX aims to prioritize…
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Sui’s USDY: The Crypto Market with a Native Stablecoin-Alternative
Sui, the decentralized finance (DeFi) platform, has been making waves in the crypto space with its remarkable success. In just nine months, Sui has surpassed half a billion dollars in total value locked, establishing itself as a powerhouse in the…
JPMorgan warns that the growing dominance of Tether’s stablecoin could pose a threat to the cryptocurrency market
In an unprecedented leap, Tether Holdings, the powerhouse behind the most widely utilized stablecoin, USDT, is on the brink of a historic achievement—surpassing the $100 billion mark in circulation. This monumental milestone not only cements Tether’s position as the frontrunner…
Tether’s net profits are now 10% of JPMorgan’s with just 50 employees with ‘total profit of 6.2B for 2023. Can Crypto shake the banking industry ?
Tether, the leading stablecoin issuer, has recently released its Q4/2023 attestation, revealing impressive financial performance and laying the foundation for a prosperous year ahead. In this article, we will delve into the key highlights of Tether’s latest report, showcasing the…
Hong Kong’s Initiative to Regulate Stablecoins Draws Interest from Key Financial Players
A push is underway in Hong Kong to establish regulatory rules for stablecoins, with the aim of providing a framework for their operation within the region. The initiative, which has gained interest from major industry players such as Harvest Global…
20% Yields and Regulatory Uncertainty: The Resurgent Interest in Stablecoins Amid Risks
In the tumultuous landscape of cryptocurrencies, the investment mechanism behind stablecoins is witnessing a resurgence. This approach, fraught with both allure and risk, aims to create a stablecoin pegged to the US dollar while offering yields comparable to traditional markets.…
Cantor Fitzgerald, CEO Affirms Tether’s Financial Robustness and Role in Crypto Ecosystem
Tether Holdings Ltd., the issuer of the leading stablecoin USDT, has been a subject of extensive scrutiny over the years. This scrutiny primarily revolves around the real value backing its considerable circulation in the cryptocurrency market. Recently, Howard Lutnick, the…
Tether Treasury minted 1B $USDT on Tron again
In a significant development within the digital asset landscape, Tether Treasury has recently minted an additional 1 billion USDT (Tether) tokens on the Tron network, as confirmed by blockchain sleuth Lookonchain. This latest issuance is part of a larger expansion…
The Future of Stablecoins: Significance and Regulatory Vulnerability
In the rapidly evolving world of cryptocurrencies, 2023 has been a pivotal year. Prominent figures in the industry, such as Sam Bankman-Fried of FTX and Changpeng Zhao of Binance, have faced legal actions from US authorities. However, amidst these developments,…
Altcoins at a Glance – Important Weekly news on XRP, USDT, BUSD, DOGE, and OKX
The market is enjoying some nice pumps and we hope that your bags are all going to the moon. Let us steal you away from the charts for a few minutes to give you the latest Altcoins news. Welcome back…