USDT

Tether introduces four business divisions to expand beyond stablecoins

Tether announced its plans to undergo restructuring in a bid to diversify its portfolio and venture beyond the stablecoin market.

Tether mints $1B USDT on Christmas

Stablecoin issuer Tether minted $1B worth of USDT tokens for inventory replenishment on the Ethereum network on December 25.

Tether names Paolo Ardoino as the new CEO

Stablecoin issuer Tether has undergone a change in leadership with the appointment of Paolo Ardoino as its new CEO.

Binance CEO says crypto industry may switch to non-USD stablecoins

Changpeng Zhao claimed that the pressure from regulators may shrink the USD stablecoin market and cause the crypto industry to switch to non-USD stablecoins.

BDO Italia reports Tether’s assets exceed its liabilities

BDO Italia reported that stablecoin issuer Tether ended 2022 with $67B in consolidated assets and $960M in excess reserves.

Aave DAO Approves Proposal To Implement Chainlink’s Proof-Of-Reserves On Avalanche

The Aave DAO has voted in favor of using Chainlink’s Proof-Of-Reserves to secure bridged assets on Avalanche.

Crypto.com Releases Its Proof Of Reserves

Crypto.com has released its Proof of Reserves which Mazars Group verified. The exchange aims to restore users’ trust and develop a culture of accountability and transparency in the industry.

Coinbase Encourages Users To Switch To USDC By Waiving USDT To USDC Conversion Fees

Coinbase asked clients to switch to USDC by introducing zero-fee Tether (USDT) to USD Coin (USDC) conversion.

Bitcoin Sees Record Increase In Number Of Holders Who Use Self-Custody Wallets

A recent report published by Glassnode revealed that the number of Bitcoin (BTC) users who have stored their BTC assets in self-custody wallets has hit an all-time high.

Tether Freezes FTX’s $46M Worth Of USDT Assets

Tether has frozen FTX’s USD Tether (USDT) balance following instructions from law enforcement authorities. 

Binance Publicly Shares Major Asset Holdings To Improve Transparency

Binance has disclosed its major asset holdings to the public to improve transparency and foster trust in the industry. The company is making this move the cushion the effects of the FTX bank run.

About $1B Worth of Unstaked Solana To Hit The Market In Less Than 24 Hours

Solana’s troubles intensify as about $1 billion worth of unstaked tokens is set to hit the market in less than 24 hours. There is a high selloff probability by validators, resulting in a major price decline.

Brazil Registers Over 12K Companies Declaring Crypto Holdings

A recent study conducted by the Brazilian Tax Authority (RFB) revealed that over 12,000 Brazilian companies have crypto assets as part of their treasury.

DeFi Lender Euler Finance Set to Start Accepting USDT as Collateral

Euler Finance will now be accepting USDT as collateral for loans. The proposal, supported by 88% of the voters, has made Euler the largest Ethereum-driven lending protocol that allows users to take loans with USDT.

Latest News

Aave DAO Approves Proposal To Implement Chainlink’s Proof-Of-Reserves On Avalanche

The Aave DAO has voted in favor of using Chainlink’s Proof-Of-Reserves to secure bridged assets on Avalanche.

Crypto.com Releases Its Proof Of Reserves

Crypto.com has released its Proof of Reserves which Mazars Group verified. The exchange aims to restore users’ trust and develop a culture of accountability and transparency in the industry.

Coinbase Encourages Users To Switch To USDC By Waiving USDT To USDC Conversion Fees

Coinbase asked clients to switch to USDC by introducing zero-fee Tether (USDT) to USD Coin (USDC) conversion.

Bitcoin Sees Record Increase In Number Of Holders Who Use Self-Custody Wallets

A recent report published by Glassnode revealed that the number of Bitcoin (BTC) users who have stored their BTC assets in self-custody wallets has hit an all-time high.

Tether Freezes FTX’s $46M Worth Of USDT Assets

Tether has frozen FTX’s USD Tether (USDT) balance following instructions from law enforcement authorities. 

Binance Publicly Shares Major Asset Holdings To Improve Transparency

Binance has disclosed its major asset holdings to the public to improve transparency and foster trust in the industry. The company is making this move the cushion the effects of the FTX bank run.

About $1B Worth of Unstaked Solana To Hit The Market In Less Than 24 Hours

Solana’s troubles intensify as about $1 billion worth of unstaked tokens is set to hit the market in less than 24 hours. There is a high selloff probability by validators, resulting in a major price decline.

Brazil Registers Over 12K Companies Declaring Crypto Holdings

A recent study conducted by the Brazilian Tax Authority (RFB) revealed that over 12,000 Brazilian companies have crypto assets as part of their treasury.

DeFi Lender Euler Finance Set to Start Accepting USDT as Collateral

Euler Finance will now be accepting USDT as collateral for loans. The proposal, supported by 88% of the voters, has made Euler the largest Ethereum-driven lending protocol that allows users to take loans with USDT.