OKX Crypto Exchange Ends USDT Trading Pairs in EEA to Enhance Euro Liquidity

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…

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…

Surge in USDT Adoption Propels Brazil to Dominate 80% of Crypto Transactions in 2023

In recent years, the world of cryptocurrencies has witnessed a remarkable shift in the landscape of digital transactions. Brazil, in particular, has emerged as a hotbed for cryptocurrency adoption, with one stablecoin leading the way. Stablecoin Tether (USDT) has experienced…

Tether USDT Depeg Instability – New Problems from this Stablecoin : Explained

Stablecoins are an important part of the crypto industry as they serve many purposes for enthusiasts and investors. So, one of them is the Tether USDT, which is suffering from an identified problem by a crypto researcher.  What is the…

Is USDC the Most Promising Regulatory-compliant Stablecoin?

The cryptocurrency space has its share of bad actors. This is one of the reasons a lot of investors are having second thoughts about dipping their toes in digital assets. Circle’s USDC stablecoin is being marketed as one of the…

Tether Agrees to $18.5 M Settlement with Bitfinex and Submits to Quarterly Reporting

Bitfinex and Tether settled with the Office of the New York Attorney General in the landmark case against Tether. New York authorities claimed that Tether distorted how much Tether (USDT) coins were upheld by fiat security. The settlement requires Bitfinex…

Facebook’s Libra backed by Several National Currencies

In its journey to get its very own Stablecoin approved by regulators, Social media giant Facebook reportedly shared details regarding the project’s proposed backing reserves. According to a Sep 9 Bloomberg report, the social media giant revealed to senators about…