Tether Taps Chainalysis Chief Economist Philip Gradwell as Economics Head
Gradwell will be responsible for quantifying the Tether economy to regulators.
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Gradwell will be responsible for quantifying the Tether economy to regulators.
The circulating supply of the dollar-linked stablecoin on the two blockchains represents roughly 0.1% of the total USDT supply.
Bitdeer intends to use the proceeds to fund its data center expansion and ASIC-based mining rig development, the Singapore-based company said.
Despite regulatory challenges, Kraken, one of the world’s largest cryptocurrency exchanges, has no plan to delist Tether’s USD stablecoin (USDT). … Continue reading
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The stablecoin Circle USD (USDC) has been growing in market share and approaching the undisputed leader, Tether USD (USDT). Ongoing … Continue reading
The post Will the USDC outperform USDT in 2024? appeared first on Finbold.
Visa headquarters in Foster City, California. (Wonderlane/Creative Commons)
The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said.
The investment will fund the roll-out and commercialization of the company’s medical devices.
The new regulations could offer banks a competitive edge by limiting institutions without a banking license to a maximum stablecoin issuance of $10 billion, the report said.
Use of Tether has increased in Venezuela after the U.S. reimposed sanctions on oil exports.