Global #Tether

ether's recent revelation that it holds more US Treasuries than Germany has sparked discussions about stablecoin regulation, as its influence in the digital assets realm grows.

Kraken, a prominent cryptocurrency exchange, is considering removing Tether's USDT stablecoin from its European platform due to forthcoming regulations from the European Union.

Tether, the creator of USDT, has utilized its treasury to generate a substantial volume of its stablecoin. According to on-chain data, Tether Treasury produced 1 billion USDT on May 16, specifically at 16:50 UTC.

Authorities in Sichuan province have effectively disrupted a significant underground banking operation linked to smuggling activities valued at 13.8 billion yuan, approximately $1.9 billion.

On May 14, Tether, a leading stablecoin issuer, froze $5.2 million in USDT linked to phishing scams. These funds were held in 12 Ethereum wallets tagged as “USDT Banned Address.”

USDt-TON has reached a significant milestone, with its circulation hitting $200 million within a month of issuance. This rapid growth marks the fastest token circulation in Tether’s USDt history, reflecting increasing demand for USDT within the TON ecosystem.

Brad Garlinghouse, CEO of Ripple, recently remarked that the United States government, under President Joe Biden's leadership, is targeting Tether, the issuer of the largest stablecoin by market capitalization, USDT.

In a recent installment of Chris Vasquez's Worldclass podcast, Ripple CEO Brad Garlinghouse discussed the significant accomplishment the company achieved while challenging the U.S. Securities and Exchange Commission (SEC) in court.

Tether, the largest stablecoin globally, strongly criticized Deutsche Bank's recent statement, which cast doubts on the sustainability of stablecoins and questioned Tether's solvency.

The largest stablecoin in the world, Tether, announced that it has partnered with Chainalysis, a blockchain data platform, to track secondary market activity and thwart illegal activities.

According to Reuters, PDVSA is attempting to increase the amount of USDT it uses as a hedge against having its foreign bank accounts seized. The biggest stablecoin based on the US dollar is called Tether.

Since merging with the blockchain on April 19, Tether, the largest stablecoin issuer in the world, has quickly gained traction on The Open Network (TON), releasing $60 million worth of USDT.