Tether Reveals Record Net Profit and Important Insights
TL;DR Record Profits: Tether achieves $2.85B in profits in Q4 2023, totaling $6.2B annually. 90% Coverage with Cash: The cryptocurrency backs 90% of its tokens with
USDT (Latest Publications)
Tether Fires Back! Explosive Response to UN’s Allegations of ‘Illicit Activity’ in USDT
In a recent turn of events, Tether, the renowned stablecoin issuer, has publicly disputed allegations made by the United Nations (UN) regarding the misuse of its
Stablecoins Trends for 2024
As we step into 2024, the financial landscape is witnessing a significant shift with the rise of stablecoins. These digital currencies pegged to a reference assets
Tether Will Invest $500 Million to Mine Bitcoin
Tether, the stablecoin issuing company, has announced plans to allocate approximately $500 million for a strategic expansion into Bitcoin mining over the next six months. This
Tether Breaks New Ground with $85 Billion Market Cap
The market supply of Tether (USDT), the largest stablecoin, has reached a new all-time high, surpassing the milestone of $84 billion. According to data from the
Tether Releases Third Quarter Results: 85.7% Cash Reserves
Stablecoin issuer Tether has attracted attention with its recent Q3 2023 attestation report, which highlights a significant achievement in its financial management.
Tether Loans Continue to Rise
Tether, the largest stablecoin issuer in the crypto market, has seen an increase in its stablecoin lending in 2023 so far. However, it was previously announced
DEA Falls Victim to Crypto Scam, Losing $50K in Seized Funds
The United States Drug Enforcement Administration (DEA) has fallen prey to a cryptocurrency scam, resulting in the loss of over $50,000 in seized funds. This incident
Stablecoin Dominance Falls to Near 2-Year Low
The stablecoin dominance has hit the lowest level since August 2021 as a result of 16 months of decline. As per the data shared by the
Tether Plans to Launch USDT on the Kava Blockchain
Tether is looking forward to launching the USDT stablecoin on the Kava blockchain as it seeks to enhance liquidity across different blockchains. This move, once put
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