Global #Tether

The US market is not necessary for Tether, the blockchain-based infrastructure that underpins USDT, the most popular stablecoin in the world. After leaving the stage at Token2049 in Dubai, Paolo Ardoino, the CEO of Tether.

In the face of increased regulatory scrutiny, Tether, the company behind the stablecoin USDT, said that it had diversified into four new business areas.

Binance has transferred $1 billion from its Secure Asset Fund for Users (SAFU) to USD Coin (USDC), the stablecoin created by Circle. This means that the fund now accounts for about 3% of the stablecoin's total supply that is in circulation.

The company behind the biggest stablecoin in the world, Tether, announced that it is restructuring to accommodate its foray into new digital asset categories.

In response to a perceived lack of worldwide clarity on stablecoin regulations, the two biggest digital dollar suppliers have taken different approaches. Circle is appealing to US lawmakers for assistance, while Tether is going after fraud and money laundering head-on.

Tether caused a stir in the financial industry in 2023 when it reported an incredible $6.2 billion in net income.

According to Nick van Eck, the Agora digital dollar won't be accessible in the US until comprehensive legislation has been implemented.

Prominent stablecoin issuer Tether, the business behind the biggest stablecoin in the world, USDT, has covertly added 8,888.888 BTC to its holdings for a total of about $618 million, bringing its total holdings of Bitcoin to approximately 75,354 BTC.

The crypto market is down today after Robinhood announced delisting of "unregistered securities" tokens from its platform.

The hacker has already sent 1,000 Ether to the cryptocurrency mixer Tornado Cash, which is worth roughly $2 million.