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Tag: USDT

Tether Celebrates 10 Years, Teases USDT Impact Documentary
NewsCrypto

Tether Celebrates 10 Years, Teases USDT Impact Documentary

Tether celebrated a significant milestone in its 10-year journey by announcing a…

By Sana Bukhari
Tether Mints $1 Billion USDT On Tron, Total Hits $33 Billion
NewsCrypto

Tether Mints $1 Billion USDT On Tron, Total Hits $33 Billion

Blockchain data from August 20 showed that Tether added $1 billion worth…

By Sana Bukhari
Tether Expands USDT To Aptos, Emphasizing Low Fees And Network Growth
NewsCrypto

Tether Expands USDT To Aptos, Emphasizing Low Fees And Network Growth

Since Tether Inc. included the dollar in the Aptos blockchain, the UST…

By Sana Bukhari
Tether Exchange Balances Reach Record High As Treasury Prints $1B USDT
NewsCrypto

Tether Exchange Balances Reach Record High As Treasury Prints $1B USDT

On August 13, the amount of Tether in circulation on cryptocurrency platforms…

By Sana Bukhari
Tether’s USDT Hits $115 Billion Market Cap
NewsCrypto

Tether’s USDT Hits $115 Billion Market Cap

USDT, Tether's stablecoin, has hit a new milestone by being worth more…

By Nayab Fatima
Tether Reinvests Profits In Emerging Technologies
NewsCrypto

Tether Reinvests Profits In Emerging Technologies

Tether, the company that makes the dollar-pegged USDT stablecoin, said on July…

By Aima Raza
Tether Boosts USDT Supply With $1B Mint
NewsCrypto

Tether Boosts USDT Supply With $1B Mint

A significant name in the stablecoin market, Tether, has put out $1…

By Nayab Fatima
Rho Markets Fund Diverter Offers Restitution
NewsCrypto

Rho Markets Fund Diverter Offers Restitution

Recent events have shown that the person who stole money from the…

By Nayab Fatima
With the help of a new strategic hire, Tether will be more open about how its stablecoin is used. Philip Gradwell, who used to be the top economist at Chainalysis, was named the new head of economics at Tether on July 15. Gradwell is in charge of figuring out how much USDT Tether is using and telling lawmakers and other important people about it. https://x.com/paoloardoino/status/1812846812429983880 Gradwell worked for six years at Chainalysis, a company that does blockchain analytics. He will now look at USDT statistics on a global level. Since 2017, the daily trade volume for USDT has been in the billions of dollars. Messari statistics shows that $32.23 billion worth of stablecoin has been traded in the last 24 hours. Enhancing Tether's Regulatory Communication Gradwell said, "Many people still think of digital assets as a mystery. This is partly because the industry focuses on technology rather than real-world applications." "We need to change the subject to how digital assets are used in the real economy and how USDT supports dollar hegemony," he says. Gradwell will have to work with officials, especially in the US, as a significant component of his job. Tether's interactions with government agencies have been a mix of working together and being closely watched. The New York Attorney General said that Tether lied about how much cash collateral was behind its tokens. In February 2021, Tether and its partner Bitfinex paid $18.5 million to settle the case. As part of the settlement, Tether agreed to report on its assets every three months for two years and was not allowed to do business in New York. Recently, Tether took steps to improve its relationship with the government. For example, it added the US Federal Bureau of Investigation to its platform. Tether helped the US Department of Justice get back about $1.4 million in stolen USDT from a digital wallet that wasn't stored. Tether says that Gradwell will be very important in "improving communication with regulatory bodies and stakeholders." Tether Appoints Former Chainalysis Economist To Key Role
NewsCrypto

Tether Appoints Former Chainalysis Economist To Key Role

With the help of a new strategic hire, Tether will be more…

By Aima Raza
Tether Freezes $28M In USDT Linked To Fraud On Tron Network
NewsCrypto

Tether Freezes $28M In USDT Linked To Fraud On Tron Network

Tether is said to have frozen a Tron (TRX) wallet that had…

By Aima Raza