Tag Archives: tether

Tether’s USDT Hits New High—330 Million Wallets And Counting

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As of the end of Q3 2024, Tether’s USDT stablecoin has hit a new record with 330 million on-chain wallets. This shows that USDT is the market leader in stablecoins and is accompanied by an astounding rise in acceptability, particularly among small holders. Stablecoins are becoming more popular for a variety of financial transactions, including… Continue reading Tether’s USDT Hits New High—330 Million Wallets And Counting→

Solana Records New ATH After 3 Years: Is SOL Ready To Flip USDT?

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Solana (SOL) has recorded a new all-time high (ATH) of $262, marking a historic recovery after three years of tumultuous price action. Notably, the token had once fallen as low as $8 at the peak of the FTX exchange collapse and the ensuing crypto bear market. Solana Makes Historic Recovery, Eyes USDT Flippening Solana (SOL),… Continue reading Solana Records New ATH After 3 Years: Is SOL Ready To Flip USDT?→

Six Months, $1 Billion: TON Network’s Explosive USDT Adoption Milestone

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The partnership between The Open Network (TON) and Tether has reached new heights as the USDT stablecoin experienced a massive surge in just a few months since the start of their collaboration. A remarkable feat that saw a massive increase in the USDT on TON hitting over $1 billion in only six months, an indicator… Continue reading Six Months, $1 Billion: TON Network’s Explosive USDT Adoption Milestone→

CEO Ardoino On Tether Q3 Performance: $2.3 Billion Gains And What Lies Ahead For The Stablecoin

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On Thursday, Tether (USDT), the world’s largest stablecoin issuer, released its third-quarter (Q3) assurance opinion report, revealing substantial financial results amid the broader market recovery led by Bitcoin (BTC).  Total Tether Assets Reach All-Time High Conducted by accounting firm BDO, the report highlights Tether’s growth, with a net profit of $2.5 billion for Q3, contributing… Continue reading CEO Ardoino On Tether Q3 Performance: $2.3 Billion Gains And What Lies Ahead For The Stablecoin→

Tether’s $1 Billion USDT Mint On Tron: What’s Fueling The Demand Surge?

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It’s been a busy week for Tether, as the company announced that it had authorized the minting of another 1 billion USDT tokens, pushing the total number of minted tokens to $33 billion in the last year. According to blockchain data, the additional tokens were minted on the Tron network and immediately sent to the… Continue reading Tether’s $1 Billion USDT Mint On Tron: What’s Fueling The Demand Surge?→

Tether Defends Its Record, Blasts WSJ For ‘Irresponsible Reporting’

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In a recent report by the Wall Street Journal (WSJ), it was alleged that Tether is currently under federal investigation for potential violations related to sanctions and anti-money laundering (AML) regulations in the US.  The inquiry, reportedly led by prosecutors from the Manhattan US Attorney’s Office, is said to focus on whether Tether’s stablecoin, USDT,… Continue reading Tether Defends Its Record, Blasts WSJ For ‘Irresponsible Reporting’→