USDC Adoption Choked by Rising Deposit Rates
A BIS study reveals US deposit rates impact stablecoin growth, showing USDC’s growth slows by 4.8% per basis point increase, compared to 1.9% for USDT, affecting adoption dynamics. #Update #Crypto $USDC
Tether
Tether Launches AI Speech Recognition Model
@Tether AI Research has launched QVAC TranscribePsy, a multilingual speech-recognition model capable of processing audio locally on devices. It supports 25 languages on laptops and eight on mobile, transcribing 10 minutes of audio in just 1.65 seconds. #Update #AI $USDT
Tether Investigation Links Cantor Fitzgerald and Senate
@SenBlumenthal probes @CantorFitzgerald over Tether’s U.S. asset management amid concerns of illicit finance and sanctions evasion; Democrats eye majority in Congress for potential regulatory power. #Update #Crypto $USDT
Bitcoin Crashes Below $83K Amid Liquidations
Kazakhstan and @Tether signed a pact to explore a tenge stablecoin and tokenized assets, with no immediate launch. #Update #Crypto $USDT
Tether Launches Tenge Stablecoin in Kazakhstan
@Tether has signed a memorandum of understanding with the National Bank of Kazakhstan and Alatau City Authority to explore a tenge-pegged stablecoin and asset tokenization framework using Hadron by Tether. #Update #Crypto $USDT
Tether Partners with Kazakhstan for Stablecoin Innovation
Kazakhstan’s National Bank is collaborating with @Tether to explore a stablecoin pegged to the tenge and asset tokenization, aiming for a pilot proposal. #Update #Crypto $USDT
Solana Trade Costs Plummet Amid Pool Returns Crash
@JumpCrypto’s study reveals that propAMMs lower Solana ($SOL) trade costs significantly, with execution costs of 0.26 basis points versus 2.59 for public AMMs, raising concerns over passive liquidity returns. #Update #Crypto $SOL
Tether Faces $2.76 Million Lawsuit from Conduit
@ConduitTechnology has sued Tether, claiming it unlawfully froze $2.76 million in USDT, impacting operations and leading to layoffs. The company denies links to a Brazilian police investigation. #Breaking #Legal $USDT
Drift Hack Recovery Reaches Nearly 1 Cent
@DriftProtocol has opened claims for its DFX recovery token, allowing victims of an April exploit to redeem USDT at approximately 1.04% of verified losses until Jan. 1, 2028. #Update #Crypto $USDT
Aave Hikes GHO Borrow Rates 15%
@Aave has increased the borrowing rate for GHO to 4.5%, aiming to replenish depleted USDC reserves; however, effective liquidity depends on stablecoins entering the GHO Stability Module. #Update #Crypto $GHO
Crypto Syndicate Exposed by ZachXBT’s Infiltration
Blockchain investigator ZachXBT infiltrated a Chinese laundering syndicate, tracing over $1 billion in funds linked to the Lazarus Group and resulting in Tether freezing 442,000 USDT. #Update #Crypto $USDT
Tether Sued Over $2.76M USDT Freeze
Conduit Technology sues @Tether_to over a $2.76M USDT freeze, claiming unauthorized seizure of funds without police request; seeks unfreeze and damages. #Breaking #Legal
USDT Targets $17B Russia Crypto Network
The US sanctioned the Russia-linked A7 Network, blocking its $17 billion crypto payment system and targeting intermediaries using $USDT for transactions. Compliance obligations for financial firms are now in effect. #Breaking #Crypto $USDT
Bitcoin Welcomes Tether USDT Home This Month
@Utexo will launch USDT on Bitcoin this month, utilizing RGB protocol for privacy and off-chain transactions, enhancing accessibility for exchanges and wallets. #Update #Crypto $USDT