Tether Halts USDT Minting on EOS, Algorand
Tether halts minting $USDT on EOS and Algorand. Users have one year to redeem tokens. This move aims to optimize resources and align with community interests. #Crypto #Blockchain
Tether
Tether Overtakes Visa in Daily Volume
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
Tether Collaborates with National Taipei University
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
Gold-Backed XAUT Stablecoin Launched by Tether
Tether launches Alloy (aUSDT), a new stablecoin backed by Tether Gold (XAUt) and pegged to the US dollar. Stored in Swiss gold reserves, Alloy operates on Ethereum, featuring an over-collateralized synthetic issuance platform. This marks a major step for stablecoins. #CryptoNews
Bitcoin Sole Decentralized Crypto, Says Tether CEO #Crypto
Tether CEO Paolo Ardoino at BTC Prague 2024: “Bitcoin’s unmatched decentralization makes it a perpetual clock.” He critiqued meme coins and highlighted stablecoin regulation under MiCA. #Bitcoin #CryptoNews
Tether Unveils New Products in $1B Strategy #Crypto
Tether is launching new digital assets on June 17, part of a $1B strategy to diversify beyond $USDT and challenge financial intermediaries. #Cryptocurrency #Finance
Tether Plans $1 Billion Investments in 2023 #Crypto
Tether plans to invest over $1B in financial infrastructure, AI, and biotech, while maintaining 100% reserves. Launch of digital token-based bonds and stocks platform by 2024. #CryptoNews #Updates
Tether Invests $150M in Bitcoin Mining Giant Bitdeer
Tether invests $150M in Bitdeer to expand Bitcoin mining. The deal includes $100M equity and $50M share option. Bitdeer ($BTDR) gains new data centers and mining farms. #CryptoNews #Bitcoin
Bitdeer Secures $150M for ASIC Mining Rig Development
Tether acquires $100M in shares from Bitcoin mining firm Bitdeer, with an option to invest an additional $50M. This deal aims to boost sustainable mining and infrastructure growth. #Bitcoin #CryptoNews
“`html Bitdeer Secures $150M from Tether for Mining Rigs “`
Tether (@Tether_to) invests up to $150M in Bitcoin miner Bitdeer for data center expansion and ASIC-based mining rigs. This supports Tether’s diversification strategy and growth in crypto mining. #Bitcoin #CryptoNews
Tether mints $1 billion USDT on Ethereum, forecasting an ETF approval
Tether minted $1 billion USDT on the Ethereum blockchain, signaling optimism for a potential spot Ethereum ETF approval by the SEC. This strategic move, reflecting a similar instance in January, underlines Tether’s significant influence on cryptocurrency market dynamics, especially in potentially boosting Ethereum’s liquidity and value.
Tether mints $1 billion USDT on Ethereum amid ETF anticipation
Tether has minted $1 billion USDT on the Ethereum blockchain in anticipation of a market rally, marking a significant move as the company commands a 70% share of the stablecoin market, with a market cap surpassing $110 billion. This strategic action aims to enhance liquidity in anticipation of a spot ETH ETF approval by the SEC.
Tether Broadens Services Beyond Stablecoins: Here’s Everything
Tether, renowned for its stablecoin issuance, has ventured into diverse sectors including Data, Finance, Power, and Education, aiming to pioneer in digital innovation and sustainable Bitcoin mining, thus redefining its role beyond financial services.
Oobit Collaboration With TON Lets Users Spend Tether Sent Over Telegram
On May 17, Oobit announced a partnership with the TON Foundation to integrate Toncoin into its payment platform, enabling Toncoin holders to Tap & Pay at over 100 million retailers worldwide, significantly advancing cryptocurrency use in daily transactions.