Tether has announced a strategic transition to prioritize community-driven blockchain support, revealing plans to discontinue USDT support on EOS and Algorand. This transition will be completed within the next 12 months, marking a significant shift in Tether’s strategy. Tether announced a strategic transition to prioritize community-driven blockchain support. Tether will […]
Tag: tether
USDT On Tron Surpasses Visa’s Average Daily Trading Volume, Highlighting Cryptocurrency’s Growing Influence
The 24-hour trading volume of USDT (Tether) issued on the Tron network has reached an impressive $53.031 billion, surpassing the average daily trading volume of Visa. In the first quarter of 2024, Visa reported a total trading volume of $3.7 trillion, with an average daily volume of $42 billion. The […]
Ethereum ICO Participant Sells 2,000 ETH As Tether Treasury Prepares To Mint More USDT
Recent on-chain reports reveal significant activity in the Ethereum ecosystem, with Ethereum ICO participant 0xc33/0xe6d making a notable sale of 2,000 ETH for 5.995M USDC at an average price of $2,997 over the past few hours. This participant, who received 33,213 ETH during the Ethereum Genesis ICO on July 30, […]
Stablecoin Market Experiences Remarkable Growth With Tether’s Aggressive Bitcoin Purchases
The aggregate stablecoin supply has witnessed significant expansion since October 2023, experiencing a notable monthly increase of $4.17 billion in December—an unprecedented surge not seen since March 2022. This surge has propelled the current market capitalization of all stablecoins to an impressive $128 billion. Since Oct 2023, the Aggregate Stablecoin […]
Tether’s BTC Holdings Surge As Bitcoin NFT Sales Achieve New Heights
Tether, a major player in the crypto space, which is recognized for its fiat-backed stablecoins, has recently made a significant move involving the leading cryptocurrency, Bitcoin. This is coming as the continued craze around BRC-20 tokens is still very much in play. Many traders and investors are making arguments on […]
Tether’s Whales Return, Top Wallets Reclaim Quarter of USDT Supply
Tether (USDT), the world’s most prominent stablecoin, is making waves in the cryptocurrency market once again, and this time it’s the large USDT holders, often referred to as “whales,” who are taking center stage. Recent events have seen Tether’s top 10 largest wallets accumulating USDT at a rapid pace, resulting […]
Tether (USDT) Addresses Shows Resilience With Surging Accumulation, Indicating Future Potential Buying Intention
In recent weeks, Tether (USDT), the world’s largest stablecoin, has shown remarkable resilience and heightened activity on the blockchain. The surge in onchain activity and accumulation of USDT in specific wallet categories signal growing interest and confidence in the stablecoin. Active USDT Addresses Hits New High Active addresses for USDT […]
Tether’s Surge In Exchange Supply And Top Holder Holdings Signals Crypto Market Activity
Tether (USDT), one of the leading stablecoins in the cryptocurrency market, has recently exhibited significant activity, with a notable surge in its presence on exchanges and an increase in holdings among its top addresses. These developments hint at a potential shift in the dynamics of the cryptocurrency market. Exchange Supply […]
Bitcoin and Tether Whale’s Accumulation Hits 6 Week High, Signals Bullish Sentiment
The cryptocurrency market is abuzz with the latest developments involving Bitcoin and Tether (USDT) whales and sharks, who are showing a strong accumulation trend. These large holders, with 10 to 10,000 Bitcoin in their wallets, have now accumulated their highest Bitcoin holdings in 2023, totaling 13.03 million BTC. Positive Sentiment […]
The USDT Supply on TRON Surpasses a Major Milestone
When people think of Tether’s USDT stablecoin, the Ethereum blockchain will be mentioned relatively quickly. However, it seems as if the USDT issuance on TRON is also on the rise, as its circulation amount surpassed $2.5 billion. It is rather interesting to see how the USDT supply is distributed across […]
Tether Isn’t Burning Coins on Ethereum due to High Demand
Some days, it would appear if the entire cryptocurrency community is upset about Tether. Rather than burning coins, the supply seemingly keeps increasing every so often. It is only normal to see people start to question what is going on exactly. An Interesting Tether Plot Twist Stablecoins are only supposed […]
Ethereum-based Transactions for Tether Reach a new High
You may think that the number of stablecoins on the market would indicate that there is fierce competition for dominance. Sadly, that is not the case, but ether’s USDT is still firing on all cylinders across the board. Virtually all major stablecoins are issued on the Ethereum blockchain today. Tether […]
Tether Overtakes XRP in Market cap
There is always one development in the cryptocurrency space that will leave people puzzled. Barring all of the CoinMarketCap controversy, the big news this weekend is how Tether overtook XRP in market capitalization. The total valuation of individual projects tied to the cryptocurrency space is always evolving. Tether Jumps Over […]
Tether Brings a lot of Money to Bitfinex Over Time
Tether has proven to be a very popular stablecoin in the cryptocurrency. It is also making Bitfinex a ton of money, and will likely continue to do so for some time to come. With a market cap of $4.655 billion at the time of writing, Tether remains incredibly popular. Tether […]
The Lawsuit Involving Tether and Bitfinex has Been Re-submitted
Bitfinex and Tether have come under a lot of scrutiny in recent years. So much even that an official lawsuit was filed against both of these companies. Both Tether and Bitfinex were allegedly involved in bitcoin price manipulation. The Tether Manipulation Lawsuit is Revised Those claims have never been officially […]
Tether Faces Another Lawsuit in the Western District of Washington
Tether has come under scrutiny time and time again in the past year and a half. It now appears the company faces another lawsuit in Washington State. The new lawsuit was filed on November 22, and addresses both Tether and Bitfinex. Another day in Court for Tether and Bitfinex It […]
Converting USDT Between Different Chains Remains Problematic
Stablecoins continue to play an increasing role of importance in the crypto industry. Particularly Tether’s USDT remains one of the most prominent offerings. SinpleSwap now lets users convert USDT in between all the supported chains this asset is issued on. An interesting option, although it is unclear how useful it […]
Analyzing the Current State of Tether and USDT
Every project active in the cryptocurrency and blockchain industry will be scrutinized sooner or later. In the case of Tether, there has been a fair amount of scrutiny at virtually every turn. Especially now that everyone’s favorite – or most-hated – stablecoin is migrating to even more blockchains, significant concerns […]