Although bitcoin has seen its fair share of price swings this week, the stablecoin market has quietly ballooned by $2.114 billion—edging ever closer to the $260 billion milestone. USDT Leads the Charge as Stablecoins Creep Toward $260B Summit Over the last seven days, the stablecoin market has climbed 0.84%, ticking up from $253.25 billion to […]
Silent Climb: Stablecoin Market Inches Toward $260B Breakout Read More »
Stablecoin issuer Tether has partnered with the Zanzibar e-Government Authority (eGAZ) to advance digital asset education and drive financial innovation in developing regions. Advancing Financial Literacy Stablecoin issuer Tether has signed a pivotal Memorandum of Understanding (MoU) with the Zanzibar e-Government Authority (eGAZ) to advance digital asset education and financial innovation across developing regions. Tether
Tether Signs MoU to Advance Financial Inclusion in East Africa Read More »
The sudden shutdown of Huione Guarantee has sent shockwaves across the digital guarantee market, a shadowy network involving countless online fraudsters, money launderers, and brokers of stolen information in Southeast Asia and China. Despite this disruption, many Telegram-based marketplaces with similar operations remain unaffected and are actively growing. Vendors Shift to Tudou According to blockchain
Tudou Guarantee Emerges as Key Successor After Huione Darknet Shutdown Read More »
The $157 billion stablecoin behemoth has not only survived but also thrived for more than eleven years in an industry fraught with controversy. Paolo Ardoino’s Case for Tether as the Ultimate Antifragile Asset Paolo Ardoino CEO of stablecoin issuer Tether has always been a rabid sci-fi fan, and he’s no stranger to the concept of
Is Tether Antifragile? CEO Paolo Ardoino Thinks So Read More »
Coinbase has revealed its involvement in a law enforcement operation where the U.S. Secret Service (USSS) seized $225 million in USDT linked to “pig butchering” scams. These scams, which often begin with fraudulent romantic or business relationships, have resulted in substantial financial losses for victims. In late 2023, Tether froze 39 wallet addresses associated with
Coinbase Reveals Role in US Secret Service Seizure of $225 Million in Stolen Crypto Read More »
The U.S. Secret Service shattered records with a $225 million crypto seizure, spotlighting Tether’s role in dismantling global digital asset fraud at scale. US Secret Service Achieves Largest $225M Crypto Bust With Tether’s Support Digital asset firm Tether announced on June 18 that the United States Department of Justice (DOJ) has recognized its cooperation in
Tether Aids $225M Seizure in US Secret Service’s Largest Crypto Bust Ever Read More »
Tether, the issuer of the world’s largest stablecoin, has been commended by the U.S. Department of Justice (DOJ) for assisting in a major enforcement operation. The collaboration led to the seizure of approximately $225 million in USDT tied to a global “pig butchering” scam, a large-scale fraud scheme that used sophisticated crypto tactics to deceive
Tether Assists DOJ in $225M Stablecoin Seizure Linked to ‘Pig Butchering’ Scam Read More »
The total stablecoin supply has surpassed $250 billion for the first time, according to the latest stats shared by Delphi Digital. Yield-bearing stablecoins are expanding rapidly, with Ethena alone reaching nearly $6 billion since launch. Tether’s USDT and Circle’s USDC continue to dominate the space, and collectively account for 86% of the outstanding supply. However,
Tether and Circle Still Rule Read More »
Stablecoins were built as a bridge between fiat currency and the crypto economy. And for a while, that bridge held. The Stablecoin Power Shift Tether’s USDT became the dominant trading pair across most exchanges, despite years of scrutiny over whether its reserves are truly backed 1:1 by U.S. dollars or equivalent assets like short-term Treasuries.
Corporate Stablecoins: A New Frontier or a Step Toward Centralization? Read More »
A Russian national faces 22 charges for laundering $530 million through cryptocurrency, using his companies to bypass U.S. sanctions and defraud financial institutions. 22 Charges Filed Against Russian National in $530M Crypto Scheme The U.S. Department of Justice (DOJ) announced on June 9 that Iurii Gugnin, a Russian national living in New York, faces 22
Russian National Hit With 22 Charges for Laundering $530M in Crypto Read More »
