Tether Bans Four Addresses Holding Over $20m in USDT
Tether, the company that issues USDT, has added more addresses to its blacklist following its declaration to combat the unauthorized usage of stablecoins. Blockchain forensic company PeckShield disclosed on March 5 in an X post that Tether, the stablecoin issuer, has blocked four more addresses containing $21.2 million in USDT together. The post claimed that […]
Tether Launches Blockchain Recovery Tool For USDT Migration
Stablecoin issuer Tether has released a blockchain recovery tool for transferring the USDT stablecoin between blockchains after its $100 billion market capitalization. Tether unveiled a blockchain recovery strategy on March 4 to guarantee consistent access to USDT if any of the numerous blockchain networks utilized for USDT transactions experience disruptions. According to data from Tether, […]
Tether’s USDT Stablecoin Reaches $100B Market Cap
Tether’s stablecoin, USDT, has surpassed $100 billion in market capitalization. This milestone further widens the disparity between Tether USDT and USD Coin, its nearest competitor. CoinGecko data indicates that USDT’s market capitalization fluctuates based on the current price and supply in circulation; on March 4, the cryptocurrency briefly surpassed $100 billion. Compared to its nearest […]
Binance Places Price Cap on USDT for Nigerian Traders
To ensure conformance with local authorities in Nigeria, Binance has imposed a price cap on the sale of Tether tokens on its peer-to-peer (P2P) platform. A USDT price of 1,802 Naira prevents Binance traders from selling USDT now. Announcing to its Nigerian clientele, the cryptocurrency exchange emphasized its dedication to collaborating closely with local authorities, […]
Tether Responds to UN Report About Illicit Use of USDT
Tether has responded to the United Nations (UN) report emphasizing using Tether’s stablecoin USDT in illicit activities. On January 15, the Southeast Asia and the Pacific division of the United Nations Office on Drugs and Crime (UNODC) published a report on concerns about the illicit and clandestine utilization of cryptocurrencies. A Hidden, Accelerating Threat: Casinoes, Money […]