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Tether (USDT)

Tether Inks Bitcoin and Stablecoins MOU Deal with RAK DAO

CoinspeakerTether Inks Bitcoin and Stablecoins MOU Deal with RAK DAO The partnership is a promising development for both Tether and RAK DAO. By combining their expertise and resources, they aim to empower individuals and businesses in the region to utilize the power of blockchain technology. Tether Inks Bitcoin and Stablecoins MOU Deal with RAK DAO

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Binance Futures to Remove XRP and TUSD as Margin Assets, Converting to USDT

CoinspeakerBinance Futures to Remove XRP and TUSD as Margin Assets, Converting to USDT The announcement by Binance to stop supporting XRP could have some negative sentiment on the coin as various speculations about the possible reasons are expected to start flying. Binance Futures to Remove XRP and TUSD as Margin Assets, Converting to USDT

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Tether CEO Slams Ripple Chief for Spreading FUD About USDT

Tether CEO Paolo Ardoino has slammed Ripple chief executive Brad Garlinghouse for spreading fear, uncertainty, and doubt (FUD) about USDT, its largest stablecoin offering. In a Monday tweet, Ardoino outlined Tether’s efforts to sustain a global financial ecosystem while maintaining regulatory compliance by working with law enforcement agencies to combat criminals. Spreading FUD About USDT CryptoPotato reported earlier on Monday that Garlinghouse expressed concern over the...

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Bitcoin Plummets Toward $60k As Federal Reserve Considers Keeping Rates Elevated

Bitcoin’s price fell 2.5% to $60,300 on Friday as Federal Reserve officials weighed their options for combatting stubborn price inflation in the United States. Bitcoin traded for $63,400, at noon UTC on Friday, before plummeting below $61,000 over the next few hours. According to Coinglass, the volatility triggered $175 million in liquidations over the past 24 hours. The single largest liquidation took place on a Binance BTC/USDT trade for $3.56 million. Speaking at a...

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New Visa Metric: Over 90% of Stablecoin Transactions Not Genuine

The stablecoin sector is not a stranger to controversies, but a recent study questions whether these assets are being widely used as claimed. According to the report, a new metric developed by American multinational payment giant Visa indicates that over 90% of stablecoin transactions aren’t made by genuine users, suggesting that these cryptocurrencies are far from being widely adopted for payments. Only 10% of Stablecoin Transactions Organic Visa, along with Allium Labs, has...

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These Divisions Contributed Significantly to Tether’s Q1 2024 Profit of $4.52B

Earlier this week, the largest stablecoin issuing company, Tether, revealed that it made more than $4.52 billion in net profit in the first quarter of 2024. With the firm having expanded its operations recently, a substantial portion of the profits came from its long-standing businesses and not the newly formed divisions. Tether revealed in an attestation report that roughly $1 billion of the profit in Q1 2024 came from entities in charge of issuing stablecoins and managing...

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Are XRP Bulls Gearing up for a Rally Following Reclaim of $0.52? (Ripple Price Analysis)

Ripple’s price has been consolidating on against USDT and BTC, following a significant decline. Yet, things might be about to change for the better soon. Technical Analysis By TradingRage The USDT Paired Chart Against USDT, XRP has recently rebounded from the $0.4 support level and has also broken back above the $0.5 zone. Yet, the market is currently retesting the $0.5 level. If it holds, the price will likely rally toward the $0.6 resistance zone and the 200-day moving...

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