Crypto Giants Freeze $26M in Crackdown
@Tether_to, @trondao, and @trmlabs froze $26.4M in a major European money laundering crackdown with Spain’s Guardia Civil, showcasing blockchain’s role in combating financial crime. #Breaking #Legal $TRX (+9) ↗
USDT
Stablecoins Surge 65% Fueling Bull Rally
The market cap of stablecoins has surged by 65%, potentially fueling the ongoing bull rally in the cryptocurrency sector, as noted by Semilore Faleti at @NewsBTC. #Update #Crypto $USDT (+3) ↗
Tron Expands Influence with Zero-Fee Stablecoin
@justinsuntron’s @Tronfoundation plans to eliminate stablecoin transaction fees, aiming to boost adoption by absorbing costs within the assets themselves. This initiative will initially launch on Tron and expand to Ethereum and EVM-compatible chains. #Update #Crypto $TRX (+4) ↗
Crypto Platform WazirX Freezes $3M
@WazirXIndia has frozen $3 million in $USDT to aid recovery from a $230 million hack, showcasing commitment to safeguarding user funds and rebuilding trust. Industry support includes potential acquisition by @CoinDCX and recovery initiatives by CoinSwitch. #Breaking #Crypto $USDT (+8) ↗
Crypto Giant Tether Moves to El Salvador
@Tether_to is relocating its global headquarters to El Salvador after securing a Digital Asset Service Provider license, aligning with the nation’s Bitcoin-first economy and regulatory framework under President Nayib Bukele. #Update #Crypto $USDT (+6) ↗
Bitcoin Reserves Rise Amid EU Tension
@Tether_to expanded its $BTC holdings by 7,629 BTC worth $705M, now holding 82,983 BTC valued at $7.68B amid EU MiCA regulatory tensions. #Breaking #Crypto @Tether_to ↗ +8
Tether USDT Wallets Hit 109 Million
$USDT wallets reach 109M, rivaling $ETH’s user base and surpassing $BTC. Tether holds 97.5% of stablecoin supply across 25 blockchains, driven by retail users and a shift to self-custody after FTX’s collapse.
Tether Ends EURt Shifts Focus
Tether halts new EURt issuances, citing EU MiCA regulations, and shifts focus to Hadron for compliant tokenization. Dutch fintech Quantoz will issue stablecoins EURQ and USDQ using Hadron, signaling Tether’s commitment to navigating Europe’s regulatory landscape.
Crypto Heist Nets Millions Funds Return
Crypto whale nearly lost $129M $USDT to TRON address-poisoning scam; scammer returned funds within hours. Over $800M lost to similar scams this year, highlighting the need for vigilance and better security in the crypto community.
Crypto Surge Tether Prints 5B USDT
Tether issues $5B USDT, raising market cap to $124B as $BTC nears $90K. This coincides with Tether’s new wallet kit, aligning USDT supply with Bitcoin’s surge, enhancing market liquidity and trader confidence.
Tether CEO Denies Blockchain Launch Rumors
Tether’s CEO Paolo Ardoino confirms no plans for a proprietary blockchain, emphasizing neutrality. $USDT will continue operating on existing networks like Ethereum and Solana, focusing on partnerships and integration. This approach may influence stablecoin strategies in the blockchain sector.
Tether Partners with TRON to Fight Crime
Tether, @Tronfoundation, and @trmlabs collaborate to combat USDT crime on TRON amid rising concerns. Nearly 50% of Tether’s $118B USDT supply is on TRON. Partnership aims to enhance blockchain security and promote crypto education.
USDC Hits $16 Trillion Volume Milestone
USDC surpasses $16 trillion in volume, driven by Solana’s market share. $USDC now holds 50% of stablecoin transaction volume, with $8.29 trillion moving on Solana, eclipsing $USDT on TRON.
Tether Launches UAE Dirham Stablecoin
? Tether launches new $AED stablecoin, pegged 1:1 to UAE Dirham, to streamline regional transactions and trade, reduce fees, and mitigate currency risks. This move aligns with Abu Dhabi’s proposed regulatory framework for fiat-referenced tokens. #CryptoNews