USDT
Tether Nets $5B Profits This Year, Says Its U.S. Debt Holdings Surpassed Germany's
The company said its $97 billion exposure to U.S. Treasuries would put it 18th in the ranking among countries.
Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report
The stablecoin market supply currently stands at about $150 billion.
Why USDT Dominates Supply With Lower Transaction Volume
Visa launched a stablecoin dashboard that shows the outstanding supply of fiat-backed tokens at an all-time high, with Tether’s USDT dominating. While USDT dominates supply, when it comes to transaction volume, USDC takes the number one spot. Find out why "Crypto Is Macro Now" newsletter author, Noelle Acheson says this could be. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
DOJ Wants CZ to Serve 3 Years in Prison; Tether to Freeze Wallets Evading Venezuelan Sanctions
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as the U.S. Department of Justice said that Binance founder Changpeng "CZ" Zhao should spend three years in prison for his guilty plea. Plus, Nigeria’s Central Bank has directed financial institutions to identify persons or entities transacting in or operating with Bybit, KuCoin, OKX, and Binance. And, Tether has said it will freeze wallets that are using USDT to evade sanctions on oil exports in Venezuela.
Tether Will Freeze Wallets Evading Venezuelan Sanctions
Use of Tether has increased in Venezuela after the U.S. reimposed sanctions on oil exports.
Venezuela Looks to Tether to Bypass Sanctions: Reuters
Venezuela's state-run oil company started experimenting with Tether in 2023
Polymarket Traders Bet on Fed Rate Cuts; Bitcoin Spot ETFs Register Five-Day Withdrawals Streak
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as U.S.-based spot bitcoin (BTC) exchange-traded funds registered cumulative outflows of $4.3 million, extending the four-day run of withdrawals ahead of the halving. Plus, traders on Polymarket bet on the number of potential Fed rate cuts this year and Tether expands its USDT to the TON Network.
Sen. Lummis: It'll Pay to 'Choose Circle Over Tether' Under U.S. Stablecoin Proposal
The co-author of the U.S. Senate's latest push for stablecoin regulations suggests Circle would have an edge over foreign competitors for customers seeking safety.
Stablecoin Expansion Continues as Bitcoin Rally Appears to Stall
The unabated expansion of stablecoin supply shows capital continues to flow into the crypto market, one observer noted.
Tether's USDT To Launch on Celo
The USDT integration aims to boost cross-border payments and peer-to-peer transactions in developing regions.
