Tag Archives: tether

Tether Unveils aUSDT: A New Gold-Backed Digital Currency For Payments – Details

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Tether, the issuer of the largest stablecoin in the cryptocurrency market, USDT, announced Monday the creation of a new synthetic dollar backed by gold. The token, aUSDT, was developed on the company’s Alloy by Tether platform.  By leveraging smart contracts on the Ethereum Mainnet blockchain, users can mint aUSDT by over-collateralizing it with another Tether… Continue reading Tether Unveils aUSDT: A New Gold-Backed Digital Currency For Payments – Details→

Tether Adds Fresh $1 Billion USDT To Supply – Bitcoin To Rally Again?

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According to low inflation levels reported in the latest Consumer Price Index (CPI) data.  However, Bitcoin is an asset subject to the influence of several forces. According to a report by blockchain analysis platform LookonChain, BTC may soon experience another price rally following an increase in the supply of a specific stablecoin. Can USDT Replicate… Continue reading Tether Adds Fresh $1 Billion USDT To Supply – Bitcoin To Rally Again?→

Stablecoin Giant Tether Strikes Gold: Achieves Record Net Profit Of $4.5 Billion In Q1

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Stablecoin issuer Tether, a prominent player in the cryptocurrency market behind the widely used USDT stablecoin, has released its audit statement for the first quarter of 2024, accompanied by a report conducted by independent accounting firm BDO.  The report, which provides additional financial information beyond the reserves backing Tether’s fiat-denominated stablecoins, shows the company’s profit… Continue reading Stablecoin Giant Tether Strikes Gold: Achieves Record Net Profit Of $4.5 Billion In Q1→

USDC Beats USDT In Transaction Volume By Over 400% – Details

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The seemingly unshakeable reign of Tether (USDT) as the king of stablecoins faces a new challenger. Circle’s USD Coin (USDC) has pulled off a surprise victory, recording a higher transaction volume than Tether in April 2024, according to on-chain analytics from payments giant Visa. This development marks a significant shift in the stablecoin landscape. While… Continue reading USDC Beats USDT In Transaction Volume By Over 400% – Details→

Toncoin Price Jumps 17% As Tether Widens Payment Choices On Telegram’s TON Network

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Tether, the company behind the largest stablecoin in the market, USDT, has made a significant expansion move that has propelled the Toncoin price, the native token of The Open Network (TON), by 17% in the past 24 hours.  Tether Expands Reach To 15 Blockchains On Friday, Tether announced the launch of its USDT dollar-pegged token… Continue reading Toncoin Price Jumps 17% As Tether Widens Payment Choices On Telegram’s TON Network→