Celo Blockchain Adds Support for Tether Stablecoin USDT
Tether continues to expand its USDT stablecoin across various blockchain networks, entering a strategic collaboration with the Celo network to facilitate feasible microtransactions. Tether USDT on Celo, a layer-1 network compatible with Ethereum Virtual Machines (EVM) and optimized for quick and inexpensive payments. Announcing the news to Cointelegraph on March 11, Tether noted that the […]
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 […]
Coinbase, Circle Advocate for US Action Against Tether
Executives from Coinbase and Circle have urged US authorities to step up their efforts against Tether and other offshore cryptocurrency companies that don’t follow the law. The head of Financial Crimes Legal at Coinbase, Grant Rabenn, addressed the problem of criminals using overseas platforms to get around the stringent anti-money laundering (AML) regulations imposed on […]