Tether’s Record $13 Billion Profit in 2024: A Tale of Triumph and Turbulence Tether, the powerhouse behind the world’s leading stablecoin USDT, has achieved a remarkable $13 billion net profit in 2024, driven by a strategic blend of U.S. Treasury Bill investments, Bitcoin, and gold. However, this success story is shadowed by regulatory challenges in […]
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Commerce Secretary Nominee Lutnick: US Dollar Stablecoins Need Audits and Treasury Backing Howard Lutnick, President Trump’s nominee for U.S. Commerce Secretary, faced intense scrutiny during a Senate hearing over his ties to Tether and the potential misuse of its USDT stablecoin. Stablecoins, cryptocurrencies designed to maintain a stable value often pegged to fiat currencies like […]
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Crypto.com Delists Tether: Navigating the EU’s Regulatory Storm Crypto.com’s decision to delist Tether (USDT) by January 31, 2025, marks a significant shift in the crypto world, driven by the EU’s stringent Markets in Crypto-Assets (MiCA) regulations. Crypto.com delisting Tether (USDT) by January 31, 2025 EU’s MiCA regulations demand compliance USDT’s non-compliance raises concerns Shift towards […]
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Anti-crypto Sen. Warren Targets Pro-crypto Commerce Secretary Nominee Howard Lutnick Senator Elizabeth Warren has launched a pointed attack on Howard Lutnick, President Trump’s Commerce Secretary nominee, over his firm’s ties to the controversial stablecoin issuer, Tether. The senator’s concerns focus on Tether’s compliance issues and its alleged involvement in illicit activities, while Tether plans to […]
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Tether’s USDT0 Standard: A Leap Towards Cross-Chain Harmony Tether introduces USDT0, a new standard to streamline cross-chain transactions, starting with a $1.3 billion swap on Arbitrum. USDT0 aims to streamline cross-chain transactions Arbitrum swaps $1.3 billion USDT to USDT0 LayerZero technology powers the new standard Tether expands in DeFi and international markets Tether, the titan […]
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Tether and Medoo Launch Blockchain Academy in Vietnam to Fuel Digital Economy Tether, the company behind USDT, a type of cryptocurrency known as a stablecoin that’s pegged to the US dollar, and Medoo, Vietnam’s trailblazer in decentralized education, have teamed up to launch the Blockchain Academy. This initiative aims to transform Vietnam into a center […]
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Coinbase CEO Suggests Possible USDT Delisting Amid Regulatory Pressure During the World Economic Forum in Davos, Coinbase CEO Brian Armstrong hinted at the potential delisting of USDT (Tether) from the platform due to upcoming regulatory changes in the U.S. These changes may mandate stablecoins to be entirely backed by U.S. Treasury bonds, which are government-backed […]
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El Salvador’s Bold Bitcoin Strategy Persists Despite IMF Agreement El Salvador has added another 12 BTC to its strategic reserves, showcasing its unwavering commitment to Bitcoin despite a recent agreement with the International Monetary Fund (IMF) to scale back some of its crypto policies. El Salvador acquires 12 more BTC, total now 6,044 BTC Bitcoin […]
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TRON’s T3 Financial Crime Unit: A $6 Billion Reduction in Illicit Activity in 2024 In 2024, TRON, under the leadership of Justin Sun, made significant strides in combating financial crime, slashing illicit activity by $6 billion through the efforts of its T3 Financial Crime Unit (T3 FCU). Despite this success, TRON remains a hotspot for […]
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Tether’s USDT0 Launches on Kraken’s Ink, Revolutionizing Cross-Chain Transfers Tether has launched USDT0, a new cross-chain stablecoin, on Kraken’s layer 2 blockchain, Ink, marking a significant advancement in enhancing USDT’s interoperability and liquidity. Tether launches USDT0 on Kraken’s Ink on January 16 USDT0 uses LayerZero’s OFT standard Aims to improve USDT’s interoperability and liquidity Functions […]
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