Tether (@Tether_to) will stop issuing USDT on the Algorand and EOS blockchains, focusing on Ethereum and Tron. Redemption support for Algorand and EOS will continue for 12 months. This move aims to enhance security and efficiency. #CryptoNews
Montenegro PM Milojko Spajic’s $75K investment in Terraform Labs in 2018 peaked at $140M before Terra Luna’s collapse caused $40B in losses. Spajic now faces legal issues alongside Do Kwon. #CryptoVolatility #Update
On June 21, 2024, Tether’s $USDT trading volume on the TRON network hit a record $53.03B, surpassing @Visa’s Q1 2024 daily average of $42B. This milestone highlights TRON’s dominance, handling over 90% of all $USDT transactions. #CryptoNews
Tron ($TRX) surged to $0.1185, its highest in a month, amid a spike in USDT transactions. Daily USDT trading volume on Tron hit over $53B, surpassing Visa and Mastercard. Tron’s DeFi TVL exceeds $8.13B. #CryptoNews
Over 40% of crypto trades in Latin America involve $USDT, surpassing Bitcoin and XRP. Local central banks consider CBDCs amid this shift. Binance leads in turnover, while Mercado Bitcoin sees surging trade volumes. #Update #CryptoNews
Binance finalizes $USDT integration on the Toncoin Network, boosting TON utility with fast transactions and low fees. TON price spiked to $7.32 before settling at $7.13. Telegram’s Pavel Durov plans to tokenize stickers and emojis. #Update
Prominent investors Peter Brandt & @woonomic debate Tether’s future amid allegations by Consumers’ Research. Concerns include misleading USD backing and avoiding audits, while Woo sees potential in over-collateralized assets like Bitcoin. #Crypto #Update
Tether partners with National Taipei University of Technology to boost blockchain and digital asset education in Taiwan. Over 110 students enrolled in the initial course covering blockchain basics and crypto career prospects. CEO Paolo Ardoino highlights the initiative’s role in promoting financial literacy. #BlockchainEducation #Update
Stablecoin transfers surged 1500% in 4 years, hitting $1.68T in April 2024. Market cap rose to $162B, driven by DeFi use and traditional finance integration. Visa reports $3.3T in monthly trades. #Crypto #Update
At BTC Prague, @CryptoSlate’s James Van Straten interviewed @Tether_to CEO Paolo Ardoino on Tether’s 2022 resilience amid industry challenges, $USDT liquidity, and prudent 2023 strategy with US Treasury bills. Emphasis on transparency and stability remains strong. #Update
Tether, the largest stablecoin issuer, faces allegations of terror financing and sanctions evasion by Russia and Venezuela. Consumers’ Research claims Tether lacks full audits. Tether denies accusations, pledging cooperation with the FBI and Secret Service. #CryptoNews
Transak lists PayPal’s stablecoin, PayPal USD ($PYUSD), enabling users to buy PYUSD with local payment methods. CEO Sami Start says it offers a trusted on-ramp for crypto. Available on Solana, backed by U.S. dollar deposits. #Update
NAB halts its Ethereum-based stablecoin AUDN after a year. The team shifts focus to Ubiquity, a new project with @ANZ_AU. This pivot could impact future blockchain and stablecoin trends in Australia’s financial sector. #Update #Blockchain #Stablecoin
Uphold will stop supporting multiple stablecoins, including $USDT, from July 1, 2024, due to the EU’s new MiCA regulations. Clients must convert to $USDC, $EURC, or $PYUSD by June 27, 2024. Remaining balances will auto-convert to $USDC. #CryptoRegulation
