Tether (USDT)

Stablecoin Tether has seen a major rise in adoption in Brazil, making up 80% of the country’s crypto transaction volume so far this year.

Tether trading volume spiked to a 2-month high of over $47 billion as excitement built around potential SEC approval of a Bitcoin ETF, while Tether whales accumulated tokens ahead of a historically bullish month for crypto returns.

Tether recently froze over $873,000 in digital assets connected to terrorism financing in Israel and Ukraine, showcasing cryptocurrency’s traceability and the industry’s cooperation with authorities.

A mysterious crypto whale sent $34 million in USDT to the Kraken exchange via two anonymously owned Ethereum addresses in an unusual transaction that has sparked speculation and debate in the crypto community.

Tether has increased its controversial stablecoin lending in 2023, despite pledging to eliminate the loans by 2024. The rise has sparked fresh concerns around transparency.

Tether has reportedly updated terms of service, blocking Singapore-based DeFi protocol Cake DeFi from redeeming USDT stablecoins.

Tether authorized $1 billion in USDT for the Tron network as USDT market cap hits $83B and USDC declines after SVB collapse.

Tether supply grew 0.8% in the past month as the overall stablecoin market cap hovered around $124B, showing signs of stabilization.

Binance Options is launching T+3 daily call and put contracts for BNB/USDT that expire every 3 days, expanding its derivatives offering amid recent BNB volatility.

Coinbase has suspended trading of the major stablecoins Tether, DAI, and RAI for Canadian users starting August 31st, bowing to pressure from Canadian regulators who categorize stablecoins as securities requiring oversight.