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Stablecoin Market Expands: $2.21B Uptick in 8 Days Fueled by Tether’s Growth Spurt

The stablecoin market has been picking up speed lately, and between Aug. 9 and Aug. 18, 2024, it expanded by $2.21 billion. During this period, Tether’s supply ballooned by an…

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Tether Invests $3 Million in Kem App to Boost USDT Usage in the Middle East

Stablecoin issuer Tether has announced a $3 million strategic investment in the Kem app, a platform for money transfers and financial management. This collaboration aims to introduce USDT on Kem’s…

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Tether Slams Celsius Network’s ‘Baseless’ $2 Billion Lawsuit

Stablecoin issuer Tether has slammed the”baseless” claims that it illegally liquidated Celsius Network’s bitcoin collateral. Tether accused the crypto lender of trying to “improperly impose the costs of Celsius’ mismanagement…

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Tether Partners With Crypto Firm to Boost Blockchain Education in South Africa

Stablecoin issuer Tether Holdings Ltd. recently announced a partnership with a crypto payments provider to advance blockchain education in South Africa. The collaboration aims to both demonstrate the benefits of…

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Speed Launches USDT-L, Tether’s First Iteration on Top of Bitcoin’s Lightning Network

Speed, the company behind the Speed Wallet, has launched USDT-L, the first iteration of Tether, the largest stablecoin on the crypto market, on top of Bitcoin’s Lightning Network (LN). The…

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Celsius sues Tether for $2.4B in Bitcoin, Tether strikes back, calls case a “shakedown”

The lawsuit highlights the growing legal tensions in the crypto industry, potentially impacting investor confidence and regulatory scrutiny. The post Celsius sues Tether for $2.4B in Bitcoin, Tether strikes back,…

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Stablecoin Economy Swells by $1.53B in 3 Days Amid Market Rebound

With a 5% upswing in the crypto economy over the past day, following a broad market recovery, the stablecoin economy has ballooned by $1.53 billion in just three days. A…

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Tether Posts $5.2 Billion Profit in First Half of 2024

Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted…

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