Tether CEO Paolo Ardoino has publicly addressed and dismissed circulating claims that the firm sold Bitcoin for gold. The controversy erupted on September 6, after YouTuber Clive Thompson suggested that Tether had quietly altered its investment strategy. Citing the company’s statements of assets, Thompson alleged that the firm had sold over $1 billion worth of […]
Stablecoin reserves on centralized exchanges have climbed to a new record of $68 billion, even as supply growth has slowed. The latest milestone, recorded on August 22, was driven by $53 billion in USDT holdings and $13 billion in USDC balances. According to a report by the on-chain aggregator CryptoQuant, this marks a clear break […]
Prominent stablecoin issuer, Tether, has announced plans to launch USDT on RGB, a next-generation protocol for issuing digital assets directly on Bitcoin. RGB, which recently went live on mainnet with its 0.11.1 release, is designed to extend Bitcoin’s capabilities beyond being a store of value by enabling private, scalable, and user-controlled asset issuance. Tether’s Bitcoin […]
Ripple’s native cryptocurrency continues its downward trend, causing it to lose the third spot in terms of market capitalization. Tether’s USDT has taken it back after a few months of being fourth, as its own market cap has grown to $167,613,338 on CoinGecko. Recall that XRP skyrocketed to a new all-time high of $3.65 in […]
In a press release shared with CryptoPotato, Tether, the company behind the largest stablecoin per market capitalization, announced that it has designated the former Executive Director of the White House Crypto Council under President Donald Trump as its new advisor. Pivotal Step Bo Hines, who will be spearheading the firm’s Digital Assets and the United States (U.S.) […]
The stablecoin market is witnessing a remarkable surge. Billions of fresh capital are potentially setting the stage for increased trading activity and asset appreciation. USDT and USDC’s combined growth means investors are positioning for further upside across the crypto market. Billions in Fiat Pour Tether’s USDT saw its market cap climb from $120 billion before […]
Strategy (formerly MicroStrategy) has delivered its most profitable quarter ever in Q2 2025, reporting record net income of $10 billion. The bumper quarter resulted in a diluted earnings per share of $32.60, a dramatic turnaround from a net loss of $102.6 million in the same quarter last year. The company’s explosive performance was primarily driven […]
New research by CryptoQuant analyst João Wedson has revealed that the Tron network processes over $400 million in USDT transactions daily in a narrow two-hour window between 9 and 11 AM UTC, creating crypto’s most concentrated “million-dollar rush hour.” This explosive activity, driven by whales and institutions capitalizing on global market overlaps, is solidifying Tron’s […]
In an attempt to double down on platforms that better serve its user base, the largest stablecoin issuer, Tether, has decided to wind down support for its flagship product, USDT, on five blockchains. According to a blog post by the company, the blockchains to be affected include Omni Layer, Bitcoin Cash Simple Ledger Protocol (SLP), […]
The sudden shutdown of Huione Guarantee has sent shockwaves across the digital guarantee market, a shadowy network involving countless online fraudsters, money launderers, and brokers of stolen information in Southeast Asia and China. Despite this disruption, many Telegram-based marketplaces with similar operations remain unaffected and are actively growing. Vendors Shift to Tudou According to blockchain […]