Tether Mints $1B USDT on Tron Network
The new tokens were transferred to Tether’s Treasury wallet, likely for future issuance. The stablecoin issuer Tether has produced another one billion USDT tokens on the Tron network. This brings the total amount of USDT tokens minted over the past year to $33 billion. On August 20, blockchain data revealed that Tether had issued one […]
Tether to Launch USDT on Aptos
Tether is launching USDT on the Aptos blockchain, strengthening Aptos by bridging crypto assets with fiat. On Tuesday, Aptos (APT) disclosed that Tether is introducing its USDT stablecoin on the Aptos blockchain. This action is advantageous for Aptos, as stablecoins like USDT serve as intermediaries between crypto assets and fiat currencies. Additionally, the price action […]
Tether Commits $3m to Expand USDT in Middle East
Tether Operations Limited invested $3 million in Kem, a financial management app, to improve Middle Eastern financial inclusion. With its $3 million investment, Tether hopes to encourage the region’s use of its stablecoin and expand its access to financial services. Through this collaboration, Tether’s stablecoin USDT will be made available on the Kem platform to […]
Celsius Exchange Sues Tether For $3.5B Over BTC Bond Selloff
Celsius exchange has sued Tether, alleging misappropriation of holdings and requesting nearly $3.5B in BTC returns and legal fees. The assets in issue were provided to Tether as collateral. According to Tether, Celsius exchange requests the recovery of approximately $2.4 billion BTC in its lawsuit. Nevertheless, Celsius has requested relief from the court in the […]
Celsius Sues Tether to Recover $2B in Bitcoin Fraud
Celsius argues that Tether sold the Bitcoin at a low price and violated contract terms, exacerbating their bankruptcy. Celsius Network Ltd. has filed a lawsuit against Tether and its affiliated organizations. According to the allegations made in the lawsuit, the USDT issued today carried out “fraudulent” and “preferential” transfers of Bitcoin (BTC) totaling more than […]