Tether (USDT)

Palo Alto-based crypto custody firm BitGo has launched a new stablecoin, USDS, that is set to go live in January 2025. The company says the stablecoin will be fully backed by U.S. dollars through a mix of short-term Treasury bills, overnight repos, and cash in a bid to ensure liquidity and minimize risk. New Approach to Stablecoin Rewards According to a September 18 statement from BitGo, its proposed offering will differ from existing dominant stablecoins like Tether (USDT)...

A consumer watchdog has warned about the lack of transparency Tether exhibits in confirming the reserves backing its stablecoin and it ignoring the amount of crime USDT facilitates. Non-profit organization Consumers’ Research has released a warning to alert the crypto community and everyone else of Tether’s lack of transparency in revealing the reserves backing its USDT stablecoin. This report comes after S&P Global rated it 4 out of 5 after a risk assessment, with 5 being the worst...

Upbit, South Korea’s largest cryptocurrency exchange, has announced the launch of Nervos Network (CKB) on its platform. Starting today at 16:00, users will be able to trade Nervos in the KRW, BTC, and USDT markets. This new listing enables the trading of CKB with three primary pairs, which will improve the token’s flexibility and market depth. The deposit for Nervos Network (CKB) will start another 3 hours after the announcement, while the transactions will begin at 17:00 on September 13. It...

TL;DR Binance will add two pairs to its Bots program, enabling direct trading against the Brazilian Real. On the other hand, it will delist several trading pairs, with some of the affected cryptocurrencies experiencing a brief price decline following the disclosure. The Upcoming Addition The leading cryptocurrency exchange will add BTC/BRL and USDT/BRL to the list of trading choices on Binance Trading Bots services. The new offerings will become available to users tomorrow...

The T3 Financial Crime Unit will work to reduce criminal activity associated with USDT on Tron, collaborating with law enforcement agencies to hold criminals accountable and make victims whole. The largest stablecoin issuer, Tether, Justin Sun-created Tron, and blockchain intelligence platform TRM Labs have collaborated to launch the T3 Financial Crime Unit (T3 FCU). The alliance will allow Tether to identify and report crime-related USDT transactions on the Tron network. The Majority of USDT...

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During a recent fireside chat at the Korea Blockchain Week in Seoul, Brad Garlinghouse, CEO of Ripple, provided significant updates on the company’s upcoming initiatives. Garlinghouse revealed that Ripple is nearing the launch of its U.S. dollar-pegged stablecoin, known as Ripple USD (RLUSD). The stablecoin is still in private closed beta, though its public release is expected in weeks, not months. This comes after Ripple announced last month that it had begun experimenting with RLUSD across...

Crypto All-Stars is setting the meme coin space on fire, with its presale surging towards the $900,000 milestone. The buzz surrounds the project’s new MemeVault feature, which unites meme coins like never before. With hype building, investors are asking: could Crypto All-Stars (STARS) be 2024’s next breakout crypto? Crypto All-Stars Defies Meme Coin Bearishness & Nears $900K Mark Meme coins are having a rough week. DOGE and WIF have dipped 4%, BRETT is down 12%, and...

The Tether network quietly achieved a 5-month high in new wallet creation, surpassing 31.3K addresses in a single day, and the highest since March 2024. This surge has coincided with rising network growth in Multi Collateral Dai, indicating a broader trend across stablecoins. According to Santiment’s analysis, 732 new DAI wallets were created, representing the fourth-highest figure since March 2024. Interestingly, the timing of these new wallets, emerging after a market...

[PRESS RELEASE – Singapore, Singapore, August 26th, 2024] WEEX Exchange, a leading name in global cryptocurrency trading, is pleased to announce the highly anticipated listing of DOGS USDT Perpetual on August 26, 2024, at 21:00 (UTC+8). This event is part of a special WEEX WE-Launch initiative, offering traders an exceptional opportunity to engage with the DOGS token, complete with zero trading fees and a generous 1,000,000 DOGS token airdrop. Introducing the DOGS Token: A...