Tether, the largest stablecoin provider in the digital asset industry, has announced plans to introduce a new stablecoin pegged to the United Arab Emirates dirham (AED). The move is part of a collaboration with UAE-based Phoenix Group and Green Acorn Investments, aiming to create a digital representation of the dirham currency that is fully backed...
Tether has minted an additional 1 billion USDT tokens on the Tron network, raising the total number of USDT tokens created in the past year to 33 billion. According to blockchain data, the minting occurred on August 20, with the tokens sent to Tether’s treasury wallet. This recent activity is part of a broader trend,...
Binance, a leading cryptocurrency exchange, has announced the delisting of trade pairs involving the stablecoin backed by the Indonesian Rupiah (BIDR). This change will impact trading pairs for Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) across various services offered by the exchange. The exchange has outlined a detailed action plan with specific deadlines for the...
Tether, the entity behind the widely-used USDT stablecoin, has significantly increased its Bitcoin investment, purchasing 8,888 BTC valued at $618 million on March 31. This strategic acquisition escalates Tether’s Bitcoin reserves to more than 75,000 BTC, equivalent to around $5.2 billion, positioning Tether as the seventh largest Bitcoin holder globally. This move underscores Tether’s commitment...
Tether Treasury has announced the injection of 1 billion USDT tokens into the economy. This substantial increase in USDT supply occurs as Bitcoin experiences price fluctuations, with its value oscillating between $51,000 and $53,000 in recent times. Paolo Ardoino, the CEO of Tether, elucidated that the creation of the new tokens aims to “replenish inventory”...
Tether counted 84 “revealing” articles about itself published in The Wall Street Journal (WSJ) during the year. The issuer of the largest stablecoin by capitalization, USDT, has published material complaining that “it continues to be the object of outdated, inaccurate and misleading coverage and accusations” by a major publication. The company calculated that the year...
Tether has announced the launch of CNH Tether (CNHT), a stablecoin pegged to the Chinese yuan, on the Tron blockchain. Created in 2019, CNHT was previously only available on the Ethereum blockchain as an ERC-20 token. Its market capitalisation is $2.9 million, according to CoinGecko. Tether is the issuer of USDT, the leading stablecoin and...
