Tether integrates $USDT with the Aptos blockchain, aiming to slash transaction fees and boost efficiency. This move follows USDT’s support on the TON network, potentially revolutionizing the stablecoin market by making transactions faster and more cost-effective. #CryptoNews
Tether expands $USDT to the Aptos blockchain, leveraging its advanced technology. Daily active users on Aptos rose to 170K, and $APT surged 3% to $6, with a 51% spike in trading volume in the past 24 hours.
? The $LUNC community proposes a $250K bounty to re-peg $USTC to $1, potentially exceeding $1M. Key requirements: stability, security, decentralization, and economic incentives. Expert review and governance voting will determine the winner. #crypto #blockchain
Tether CEO warns MiCA’s 60% reserve mandate endangers stablecoins’ stability. Points to Silicon Valley Bank collapse as a cautionary example of increased systemic risk. Major crypto exchanges like $BINANCE are adjusting policies to comply. #Stablecoins
Celsius sues Tether for $2.4B over alleged wrongful liquidation of 39,542 BTC. Tether claims Celsius’s mismanagement is to blame. This case could reshape crypto lending norms. #CryptoNews $CEL $USDT
? $CEL sues $USDT to recover $2B in Bitcoin lost in alleged fraudulent transfers. Celsius claims Tether breached loan terms, causing a “fire sale” of 39,542.42 BTC at undervalued prices before Celsius’ bankruptcy. Outcome may set crypto lending precedent.
Ripple Labs tests RLUSD stablecoin on $XRP Ledger and $ETH. RLUSD is fully backed by USD deposits and US treasury obligations. Regular audits and monthly transparency reports promised. Expansion to other blockchains planned. #CryptoNews
Terra Luna Classic community approves Tax2Gas upgrade from Genuine Labs, streamlining tax calculations for developers. $LUNC price rises 6%, now at $0.000071 amid broader crypto market recovery. Could this push LUNC to $1? #CryptoNews
Tether ($USDT) to double its workforce to 200 by mid-2025 amid recession fears, following a $5.2B profit in H1 2024. Crypto firms like Coinbase, Binance, and Crypto.com are also hiring, indicating a reversal in industry layoffs. #CryptoNews
Tether to double workforce to 200 by mid-2025, focusing on regulatory compliance and financial management. CEO Paolo Ardoino aims for efficient growth while managing $118B in assets. Q2 operating profit hits $1.3B. $USDT #cryptocurrency
Supreme Court of Montenegro delays Terra ($LUNA) founder Do Kwon’s extradition to South Korea after a legal compliance review request from the Supreme State Prosecutor’s Office. The decision also raises questions on extradition to the U.S. #CryptoLaw
“Terra Luna Classic v3.1.3 upgrade enhances burn tax distribution and staking, with 99.99% validator support. Staked $LUNC rises to 1.04T, staking ratio at 15.39%. #Update #CryptoNews”
“Tether CTO Paolo Ardoino slams Ripple CEO Brad Garlinghouse for USDT remarks, accusing him of fearmongering amid Ripple’s stablecoin plans. Ardoino defends $USDT’s stability and compliance. #CryptoUpdate #USDT $XRP”
Tether invests $100M in Bitdeer shares, with an option for $50M more. Bitdeer’s stock surged 4% post-announcement. Funds will enhance sustainable Bitcoin mining infrastructure. #Crypto $USDT $BTDR #Update
Source: coingape.com
