Tether News

Tether plans to sunset USDT minting on two major blockchain ecosystems over a year-long transitionary period. 

Tron price has risen for three straight days after on-chain data pointed to robust performance of its ecosystem. TRX jumped to a high of $0.1185 on Friday, its highest point in a month. It has soared by over 7.65% from…

Over 40% of all crypto trades in Latin America involve the USDT stablecoin, signaling a waning interest in Bitcoin, which is even trailing XRP in the region’s top trading pairs. Stablecoins are more popular in Latin America (LATAM) than Bitcoin…

BitoPro’s parent company BitoGroup has entered into a partnership agreement with Far Eastern International Bank Bankee to launch “crypto-friendly bank account.” BitoGroup, the parent company of Taiwanese crypto exchange BitoPro, has teamed up with the local digital bank Far Eastern…

An advertisement in Times Square in New York accused Tether of corruption and aiding illegal activities. Fox News journalist Eleanor Terrett twitted a photo of a massive billboard in the middle of Times Square. She noted that this action is…

Cloud-based multi-asset platform Uphold has begun notifying some of its customers about its decision to suspend support for Tether’s USDT, and Gemini’s GUSD among other stablecoins. Multi-asset trading platform Uphold will cease support for a basket of stablecoins due to…

Stablecoin issuer Tether has announced the launch of a new asset class backed by Tether Gold in a bid to enhance value consistency and stability. Tether is expanding its list of stablecoins with a new asset class aimed at enhancing…

A Chinese university student has received a prison sentence of over four years for what appears to be the first case of fraud involving crypto liquidity withdrawal in China. Yang Qichao, a college student, has been sentenced to 4.6 years…

Cross-border payments startup XREX has raised $18.75 million from Tether to expand use cases for USDT-based payments in emerging markets. XREX, a cross-border crypto exchange platform founded by Wayne Huang and Winston Hsiao, has raised nearly $19 million from Tether,…

On Friday, Tether announced that it had entered into a subscription agreement with Bitdeer to buy up to $150 million worth of shares in a private placement. The agreement includes 18,587,360 Class A ordinary shares and a warrant to purchase…

Russia’s two largest unsanctioned metal producers have reportedly begun using Tether’s USDT stablecoin for cross-border transactions with Chinese clients and suppliers. Russian commodities giants have reportedly started using stablecoins to settle cross-border transactions with China as the U.S. Treasury Department…

Tether minted on Tuesday $1 billion USDT tokens on the Ethereum blockchain, capitalizing on growing hype around a potential spot Ethereum ETF approval. The market upswing was driven by hopes that the U.S. Securities and Exchange Commission (SEC) will approve…

This is Part Two of a three-part series interview with William Quigley, a cryptocurrency and blockchain investor and co-founder of WAX and Tether, conducted by Selva Ozelli exclusively for crypto.news

Cryptocurrency exchange Kraken is considering delisting the USDT stablecoin in the EU

Chinese police in Sichuan reportedly intensified crackdowns on underground banking networks, with a particular focus on USDT transactions totaling billions of U.S. dollars. Chinese police in the Sichuan province reportedly uncovered a wide-scale underground banking scheme, with operations reportedly involving…

Stablecoin issuer Tether froze around 5.2 million USDT on addresses believed to be operated by phishing scammers.