The report comes five days after Cantor Fitzgerald’s CEO Howard Lutnick was appointed as President-Elect Donald Trump’s Secretary of Commerce. Financial services firm Cantor Fitzgerald reportedly agreed to a 5% stake in stablecoin issuer Tether in the past year, which could position the company to receive more political support from the incoming Trump administration. The…
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The WDK will enable developers to integrate non-custodial wallets for USDT and Bitcoin into any app, website or device. The world’s largest stablecoin issuer, Tether, has launched an open-source wallet development kit (WDK) to enable businesses and developers to integrate non-custodial wallets into any website or app — and it’s even designed to work with…
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“Old noise” may be a new name for FUD, as Tether defends itself from a report in The Wall Street Journal about US government investigations. The United States federal government is investigating stablecoin issuer Tether, The Wall Street Journal reported in an “exclusive” article on Oct. 25, citing “people familiar with the matter.” Tether CEO…
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The most recent seizure of $5 million USDT from pig-butchering scams marks a “significant victory” in the ongoing fight against cyber fraud, according to Tether. Stablecoin issuer Tether has helped over 145 law enforcement agencies recover more than $108.8 million USDT linked to illegal activities since its launch in 2014, according to a recent statement.…
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Ripple CEO Brad Garlinghouse says it is “clear” that the United States government is “going after” stablecoin issuer Tether — which could have an unpredictable impact on the crypto markets. Garlinghouse said on a May 10 episode of the World Class podcast there would “100%” be another crypto-related black swan event like the collapse and subsequent uncovering of fraud perpetrated by…
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Analysts at Deutsche Bank also argued Tether’s solvency status is “questionable” which the stablecoin firm said is “ironic” considering the bank’s own history with fines. Stablecoin giant Tether has slammed Deutsche Bank over a newly released report suggesting that stablecoins — including its dollar-pegged token Tether — could witness a “peso moment,” that would wreak…
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Tether will allow users to move their USDT between blockchains if any of the operated blockchains become unresponsive. Major stablecoin issuer Tether has launched a recovery tool to migrate its Tether USDT stablecoin between different blockchains amid USDT hitting a $100-billion market capitalization. Tether announced the launch of a blockchain recovery plan on March 4 to ensure…
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Tether did not make a specific comment on whether it plans to drop support for Tron after rival Circle dumped the network over safety concerns. Stablecoin issuer Tether didn’t provide a definitive answer on whether or not it would cease support for the Tron network after its rival Circle ceased minting its stablecoin on the…
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Tie’s strong exhibition in 2023 shows rising interest for stablecoins and closer ties between crypto firms and the conventional monetary framework. Tether, a stablecoin issuer, had a successful 2023, earning $6.2 billion in net profits primarily from passive income from USDT stablecoin reserves supported by US Treasury securities. Over the course of the past year,…
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The stablecoin backer saw “record-breaking net benefit” in the last quarter of 2023, fundamentally because of profit from U.S. Depository protections. Tie Possessions Restricted, the organization behind the stablecoin Tie USDT has created “a record-breaking net benefit” in the last quarter of 2023, driven by Depository interest and a solid exhibition from different resources. As…
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