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Tether's Blacklist Delay Facilitates $78M in Illicit USDT Transfers A recent compliance investigation has revealed a critical vulnerability in Tether's USDT blacklisting mechanism, allowing more than $78 million in illicit funds to be transferred before enforcement measures were executed. The blacklisting process, which functions on both Ethereum and Tron blockchains, is hindered by a multi-signature procedure that introduces significant delays. This lag between the initiation and finalization of a blacklisti... crypto news today

Tether's USDt Hits $150B Market Cap Amid U.S. Expansion Plans Tether's USDt has reached a major milestone, surpassing a $150 billion market capitalization for the first time on May 12, 2025. This surge reflects a 36% increase in circulating supply over the past year, consolidating USDt’s position as the dominant stablecoin with 61% of the global market share, based on industry data. The rise in USDt’s valuation aligns with broader adoption trends, marked by a 50% increase in active stablecoin wallets in... crypto news today

Zora Launchpool on Bybit: Stake ZORA, MNT, or USDT and Earn a Share of 100 Million ZORA Tokens Bybit Launchpool is excited to welcome ZORA! For one week only, you can stake ZORA, MNT, or USDT and earn your share of 100 million ZORA tokens — completely free! Zora lets creators transform their work into tradable tokens and gives consumers the power to truly own their attention. With the Zora Developer Toolkit (SDK), any developer can quickly start building on the Zora protocol — and get rewarded for it Event Duration: April 23, 2025, 1:0... Coinatory

Stablecoins Emerge as Key Strategy to Preserve U.S. Dollar Dominance Stablecoins are increasingly viewed by lawmakers, developers, and investors as a critical tool in preserving the United States dollar’s status as the world’s reserve currency. According to Bryan Pellegrino, CEO and founder of LayerZero Labs, these digital assets represent the most effective mechanism to reinforce U.S. financial dominance globally. In a recent interview, Pellegrino underscored that the cross-border accessibility of dollar-pegg... Stablecoins Emerge as Key Strategy to Preserve U.S. Dollar Dominance

Tether's User Base Reaches 400 Million Amidst Stablecoin Expansion Since October 2024, Tether's user base has grown by 14%, surpassing 400 million worldwide. On March 27, CEO Paolo Ardoino made the announcement, emphasizing the noteworthy expansion of the "stablecoin multiverse." In less than six months, Tether attracted almost 50 million users, which is a significant increase for the world's biggest stablecoin issuer. With a market valuation of around $144.1 billion, USDT is still growing rapidly in emergin... Coinatory cryptocurrency news

Tether Seeks Big Four Audit Amid Regulatory Shifts Tether, the issuer of the world's largest stablecoin, is actively seeking a full audit of its USDT reserves by engaging one of the Big Four accounting firms—Deloitte, EY, PricewaterhouseCoopers, or KPMG. CEO Paolo Ardoino emphasized that securing such an audit is the company’s “top priority,” citing the favorable regulatory environment under President Donald Trump's administration as a key enabler of this initiative. Since its launch in 2014,... Coinatory cryptonews

USDC and EURC Gain First-Ever Approval Under Dubai’s Crypto Rules Circle's USDC and EURC have been officially recognized by the Dubai Financial Services Authority (DFSA) as the first stablecoins under Dubai's new crypto token framework. Dubai's dedication to regulated digital assets within the Dubai International Financial Centre (DIFC) is reaffirmed by this historic approval. An important milestone in the United Arab Emirates' (UAE) approach to digital asset oversight was reached on February 24 when Circle... crypto news

Hong Kong Strengthens Focus on Tokenization and Stablecoins According to Christopher Hui, the city's Secretary for Financial Services and the Treasury, Hong Kong plans to give tokenization and stablecoins top priority as important components of its Web3 ecosystem. In an interview with the South China Morning Post, Hui called tokenization a "defining trend" that has the potential to transform conventional financial markets by incorporating digital assets and blockchain technology into Hong Kong's economic... Coinatory cryptocurrencies news

Tether Engages U.S. Lawmakers to Influence Stablecoin Regulations According to a Fox Business story, Tether, the biggest stablecoin issuer in the world with a market valuation of over $142 billion, is aggressively interacting with US lawmakers to influence federal stablecoin laws. Tether is working with Representatives French Hill and Bryan Steil on the STABLE Act, which was introduced on February 6, according to reporter Eleanor Terrett. Paolo Ardoino, the CEO of Tether, has stated that the company is cont... cryptocurrency news today

Tether Expands Investment Strategy Beyond Crypto Amid Regulatory Pressures As it continues to accumulate substantial financial reserves, Tether, the $140 billion stablecoin issuer, is speeding up its investment development outside of the cryptocurrency space. Tether is using its financial strength to diversify its portfolio and currently has $7 billion in excess reserves, according to a Bloomberg story that cited people with knowledge of the situation. According to a person close to the company, Tether's investing s... cryptocurrency news Coinatory

Coinbase May Delist Tether Amid U.S. Regulation Push If future U.S. legislation require it, Coinbase, the biggest cryptocurrency exchange in the country, has indicated that it is prepared to delist Tether (USDT), the stablecoin with a market value of $138 billion. Coinbase CEO Brian Armstrong stated in a Wall Street Journal article that possible laws under the Biden administration would mandate that stablecoins keep all of their deposits in U.S. Treasury bonds and submit to regular audits for incr... cryptonews

XRP Surpasses Tether as Third-Largest Cryptocurrency After Bitcoin and Ethereum, XRP is now the third-largest cryptocurrency in terms of market valuation. According to data from crypto.news, the market capitalization of the digital asset is getting close to $140 billion, outpacing Tether's $137 billion by a margin of $2 billion. With a 15% gain in the last week alone, XRP has risen roughly 350% over the last 12 months, capping an incredible year of growth. The most recent rise, which lasted for... Coinatory cryptocurrencies news

Euro-Backed Stablecoins Flourish Post-MiCA, Hit €800M Monthly Volume In 2024, the Markets in Crypto-Assets Regulation (MiCA) propelled the acceptance of euro-backed stablecoins to previously unheard-of heights. These stablecoins have become essential tools in the European cryptocurrency market as investor trust has increased due to legal certainty; in November, monthly trading volumes reached almost €800 million. Important Growth Drivers The dramatic increase can be ascribed to the growing popularity of Banking ... cryptonews

Tether Eyes AI Launch in 2025 Amid $5.2B Profit Surge By early 2025, Tether, the company that issues the $140 billion USDT stablecoin, plans to expand its business by entering the artificial intelligence (AI) space. Tether's AI platform will be unveiled in Q1 2025, according to CEO Paolo Ardoino's announcement on X (previously Twitter). This strategic change reflects the company's desire to enter new markets and diversify beyond its core offering of US dollar-pegged stablecoins. Since its f... Tether Eyes AI Launch in 2025 Amid $5.2B Profit Surge Coinatory

Stablecoin Issuers Hold $120B in T-Bills, Says U.S. Treasury The U.S. Treasury’s recent fiscal report revealed that stablecoin issuers now collectively hold approximately $120 billion in U.S. Treasury Bills (T-Bills), underscoring the crypto sector's rising integration into traditional finance. This trend, driven by increasing blockchain adoption and the need for more stable assets within the cryptocurrency market, reflects a broad shift towards stablecoins like Tether (USDT) and Circle’s USD Coin (USDC) ... cryptonews today

Tether’s USDT Hits $120B Market Cap, Signaling Possible Bitcoin Surge Tether’s USDT has reached a historic $120 billion market capitalization, reinforcing the "Uptober" narrative and suggesting a potential rally for Bitcoin and Ether. USDT, the world’s largest stablecoin, crossed this milestone on October 20, marking a significant moment for the crypto market. Stablecoins like USDT are critical as they serve as an on-ramp between fiat currencies and digital assets, with an expanding supply often signaling impen... cryptocurrency news Coinatory

US Lagging in Global Stablecoin Adoption, Chainalysis Reports The United States has witnessed record Bitcoin activity following the introduction of spot Bitcoin exchange-traded funds (ETFs). However, the nation’s adoption of stablecoins has notably slowed in 2024, lagging behind global markets, according to an October 17 report by Chainalysis. Stablecoin transaction volumes on US-regulated exchanges dropped significantly this year, with the market share falling from approximately 50% in 2023 to below 40... Coinatory

Ethereum and TRON Command 84% of Stablecoin Market in 2024 Ethereum and TRON continue to dominate the stablecoin market, collectively controlling nearly 84% of the total supply, valued at $144.4 billion as of September 2024, according to data from CoinGecko. Ethereum and TRON Lead Stablecoin Market Blockchain giants Ethereum and TRON hold the majority share of the stablecoin market, with Ethereum commanding $84.6 billion, representing 49.1% of the total supply, and TRON following with $59.8 billio... Coinatory cryptocurrencies news

TRON Partners with Chainalysis to Monitor USDT Transactions Blockchain network TRON, stablecoin issuer Tether, and blockchain forensics firm TRM Labs have launched the T3 Financial Crime Unit (FCU), a collaborative initiative aimed at mitigating illegal activities linked to Tether (USDT) transactions on the TRON blockchain. The T3 FCU aims to leverage data analytics, cutting-edge technology, and partnerships with global law enforcement to disrupt malicious actors. As of August, TRON had processed over... Coinatory cryptonews

Tether Expands USDT to Aptos Blockchain Tether Inc., the world's largest stablecoin issuer by market capitalization, is set to extend its reach by launching the USDT stablecoin on the Aptos blockchain. This move, announced on August 19, underscores Tether's ongoing efforts to broaden its blockchain portfolio. The integration of USDT into Aptos, a layer-1 blockchain created by former Facebook engineers, highlights the network's burgeoning developer community as a key driver. Tether ... Coinatory news