The stablecoin market cap has shrunk by $10 billion since May, with $7.7 billion in June alone, the largest monthly drop since May 2022.
New data from Dune analytics indicates a clear divergence in stablecoin use, with Tether's USDT dominating payments and Circle's USDC powering DeFi applications.
Tether has strategically invested in Mercado Bitcoin, aiming to expand tokenized finance across Latin America.
Richard Heathcote, Tether's former investment chief, is reportedly seeking to sell a portion of his 1.26% stake in the stablecoin issuer.
A former Tether CIO is reportedly seeking to sell their stake in the stablecoin issuer, as Tether maintains it has no plans for an IPO.
New data from Visa indicates Circle's USDC is outpacing Tether in stablecoin volume, coinciding with a 63% spike in overall digital currency trading.
Digital banking platform Revolut will delist Tether (USDT) after August 31, citing regulatory and risk concerns, with remaining holdings converted to base currency.
The U.S. Treasury's OFAC has sanctioned 134 crypto wallet addresses linked to ISIS-K, including 131 Tron addresses receiving over $1.4 million.
Bernstein analysts suggest OUSD could become a strong new challenger to the dominant Circle-Tether stablecoin duopoly.
Tether's USDT stablecoin is trading at a significant 7% to 10% premium in India, driven by high demand and thin local liquidity.
Tether's USDT stablecoin recently traded at an 8.5% premium in India, double the usual gap, after regulatory raids disrupted its supply.
Tether now allows XAUT holders to borrow against their $23 billion gold stockpile, mirroring Bitcoin-backed lending for liquidity.
Tether (USDT) has flipped Ether's (ETH) market cap as ETH routs to $1,500, revisiting crucial long-term support levels last seen in October 2023.
The stablecoin Tether (USDT) has surpassed Ether (ETH) in market capitalization, with ETH's price falling to $1,500 amidst market volatility.
Tether is winding down its gold-backed aUSDT derivative, strategically refocusing on its flagship stablecoin, USDT, and physically-backed XAUT.
A significant cryptocurrency money laundering operation valued at $120 million has been uncovered, leading Tether to freeze $72 million in USDT.
Stablecoin giant Tether has led a substantial **$1.4 billion** funding round for German robotics company **NEURA**, signaling a significant move into non-crypto sectors.
Global financial firm Citadel highlights potential cost challenges facing the booming AI sector, even as stablecoin issuer Tether invests heavily in humanoid robotics.
Stablecoin giant Tether, alongside Nvidia and Amazon, has invested $1.4 billion in German humanoid robotics firm NEURA, aiming to integrate crypto payments and edge AI.
Tether has significantly expanded its reach into the robotics sector by leading a funding round exceeding $1 billion for humanoid robotics firm NEURA.
Tether's USDT dominance rate has formed a "golden cross," signaling increased investor caution and a potential period of turbulence for Bitcoin and the wider crypto market.
Two leading figures from the cryptocurrency sector have made substantial donations to the Reform UK political party, significantly surpassing traditional political contributions.
Tether has launched a new Visa debit card, allowing users to spend their tokenized gold (XAU₮) instantly and earn crypto rewards on purchases.
Agribusiness giant Adecoagro, with significant backing from Tether, is set to launch a sustainable Bitcoin mining operation in Brazil using energy derived from sugarcane byproducts.
The U.S. Treasury has revealed it seized almost $1 billion in cryptocurrency tied to Iran, intensifying economic pressure amid ongoing geopolitical tensions.
Major cryptocurrencies remained largely stable, while Andreessen Horowitz secured a significant $15 billion fund for AI and crypto, and institutional adoption continues to expand.