The U.S. Department of Justice, with assistance from Tether, has seized nearly $5 million in USDT linked to a ‘pig butchering’ crypto scam, demonstrating increased collaboration between law enforcement and crypto companies.
Tron network has outperformed Ethereum in fee generation over the past 90 days, potentially becoming the most profitable blockchain. This surge is largely attributed to USDT transactions on the Tron network.
Tether’s USDT stablecoin has reached a market capitalization of $115 billion, reinforcing its dominance in the stablecoin market and signaling increased adoption in the cryptocurrency ecosystem.
Chinese firm Qifa is using Tether stablecoin for cross-border payments between China and Russia amid sanctions, raising questions about legality and potential consequences in both countries.
The Basel Committee’s amended Crypto Asset Standard favors permissioned stablecoins, potentially reshaping the market and drawing criticism from the crypto community for favoring traditional banks.
Crypto derivatives platform Flipster celebrates its anniversary by launching two trading competitions with substantial prizes, reflecting its rapid growth.
The upcoming replacement of Japan’s top currency diplomat is fueling speculation about reduced intervention in the forex market, potentially driving USD/JPY to new highs.
The Philippines has partnered with Tether to allow citizens to pay Social Security System (SSS) contributions using USDT stablecoin, marking a significant step in cryptocurrency adoption for government services.
Tether has announced the cessation of USDT minting on EOS and Algorand blockchains, citing a strategic shift towards supporting networks with growing communities. This move follows similar actions taken last year on Bitcoin, Bitcoin Cash, and Kusama.
Consumers’ Research has launched a campaign against Tether, accusing the stablecoin issuer of being a threat to consumers and raising concerns about its potential to become the next FTX. The accusations include ties to the fallen FTX exchange, facilitating criminal activities, and a decade-long refusal to conduct a full audit.
