Tether made $5.2B in 2024: Here’s how stablecoins make money
With rising rates and over $100 billion in reserves, Tether turned monetary policy into profit, and it’s not alone.
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Stablecoin Market Cap Hits Historic High of $213 Billion
The growing popularity of stablecoins has seen the market cap hit a new high with USDT continuing to dominate the stablecoin market. New Market Cap High for Stablecoins The overall…
Tether’s Market Cap Taps $140B as Stablecoin Dominates Crypto Trading
The market valuation of tether (USDT) has now ballooned to a staggering $140 billion. On Dec. 16, this stablecoin’s market cap makes up 3.75% of the colossal $3.73 trillion crypto…
109 Million Wallets Hold USDT: Tether Reports
The report underscores USDT’s pivotal role in cryptocurrency adoption, bridging the gap between traditional fiat and digital assets. 109 Million Wallets Hold Tether Tether’s second insights report revealed a significant…
Stablecoins Break $200B Mark as Ethena’s Yield-Bearing USDE Supply Soars 89%
The stablecoin market has crossed an impressive $200 billion in value, with the top three fiat-pegged tokens experiencing notable growth over the past month. Ethena’s USDE has taken center stage,…
Bolivian Attorneys Spearhead USDT Index Proposal to Energize a Dollar-Starved Economy
Bolivian attorneys Iver von Borries and Javier Romero Mendizabal proposed introducing Tether’s USDT, the largest stablecoin in the cryptocurrency market, as an index asset for commercial and civil contracts. The…
Crypto Kidnapping: Tourist Held Captive, Forced to Transfer $250K in USDT
A 23-year-old Ukrainian tourist in Phuket, Thailand, was kidnapped and forced to transfer $250,000 in USDT stablecoins (about 8.56 million baht) to two armed robbers. Viacheslav Leibov was threatened with…
Tether launches open-source wallet development kit for humans and AI
The WDK will enable developers to integrate non-custodial wallets for USDT and Bitcoin into any app, website or device.
Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up $30,000
A Nigerian court has convicted two more cryptocurrency firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for conducting unauthorized USDT-to-naira transactions. As a result, they’ve been…
Thailand Arrests Police Officers Accused of Staging Fake Interrogation to Extort 165,000 USDT
Thai police arrested seven individuals, including six officers, for allegedly staging a fake arrest and extorting 165,000 USDT from a Chinese-Vanuatu citizen. Fraudulent Legal Threats Thai police recently arrested six…
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