Global #USDT

Crypto giants Robinhood and Revolut are exploring the possibility of launching their own stablecoins, according to unnamed sources cited in a Bloomberg report.

This week, Tether has made headlines by issuing an additional $1 billion in USDT on the Ethereum blockchain, bringing its total market capitalization to approximately $119 billion.

The Open Network (TON) has recently marked a significant milestone, with its Tether (USDT) supply crossing the $1 billion mark for the first time. This surge reflects a broader increase in both the stablecoin’s availability and weekly active users, reaching a new peak of 5 million active users.

The stablecoin market continues to be significantly influenced by Tether’s USDT, which maintains its position as the leading dollar-backed stablecoin, commanding the majority of the $172 billion market.

Hong Kong is making significant strides in the regulation of stablecoins, with the Hong Kong Monetary Authority (HKMA) recently announcing the first participants in its stablecoin issuer sandbox.

Recent data reveals a notable increase in the inflow of leading stablecoins USDC and USDT to centralized cryptocurrency exchanges, raising speculation about a possible rise in Bitcoin (BTC) prices.

In a significant shift in the stablecoin market, Circle's USD Coin (USDC) has been steadily gaining ground, leading to a notable decline in Tether's (USDT) market share.

Argentina's economic landscape, marked by soaring inflation and a volatile peso, has triggered a significant shift in the financial strategies of its citizens.

Leading cryptocurrency exchange Binance has announced the integration of Tether (USDT), the world's most popular stablecoin, on the Toncoin Network. This move opens up new avenues for users to deposit and withdraw USDT, potentially offering faster transaction speeds and lower fees.

Tether, the issuer of the world's most popular stablecoin USDT, has come under scrutiny from European regulators. The controversy stems from Tether's continued issuance of large amounts of USDT – reportedly over 1 billion tokens every month.

The TON Foundation has revealed a collaboration with Tether aimed at expanding the availability of USDT on the TON blockchain to a wider range of crypto communities worldwide. Their strategy includes incorporating TON-based USDT into over a hundred exchanges and payment platforms across established and emerging markets within the next few months.

Upbit, the largest cryptocurrency exchange in South Korea, has declared its endorsement of additional trading pairs for Taiko (TAIKO). This move aims to enhance the accessibility of the budding cryptocurrency by introducing TAIKO trading on the KRW, BTC, and USDT markets.