Tether
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Tether mints 2 Billion USDT on Ethereum, boosting stablecoin supply
#Tether has minted 2 billion #USDT on the #Ethereum $ETH network, according to WhaleAlert. This issuance marks a significant increase in the supply of the #stablecoin , potentially reflecting growing demand or efforts to maintain its peg to the US dollar.
#Tether has minted 2 billion #USDT on the #Ethereum $ETH network, according to WhaleAlert. This issuance marks a significant increase in the supply of the #stablecoin , potentially reflecting growing demand or efforts to maintain its peg to the US dollar.
JUST IN: The #Tether Treasury minted an additional 1 billion #USDT on the #Ethereum network.
HIGHER.
#CryptoMarketHype
HIGHER.
#CryptoMarketHype
Market Update: Tether Mints $1 Billion USDT on Ethereum
#Tether has minted an additional $1B $USDT on Ethereum, as recorded just 8 hours ago.
This contributes to the $16B USDT minted since November 6 across #Ethereum and #Tron networks.
What this means:
▪️ Increased liquidity in the market is bolstering trading activity.
▪️ Stronger support for the broader crypto ecosystem as stablecoin supply grows.
#Tether has minted an additional $1B $USDT on Ethereum, as recorded just 8 hours ago.
This contributes to the $16B USDT minted since November 6 across #Ethereum and #Tron networks.
What this means:
▪️ Increased liquidity in the market is bolstering trading activity.
▪️ Stronger support for the broader crypto ecosystem as stablecoin supply grows.
Tether mints $1B USDT on Ethereum, total for November reaches $16B
#Tether has minted an additional $1 billion $USDT on the #Ethereum $ETH #blockchain , bringing its total minting for November to $16 billion. Tether's expanding supply continues to dominate the #stablecoin market, with #USDT market capitalization rising by 10.5% to $133 billion, securing a 69.9% share of the market.
#Tether has minted an additional $1 billion $USDT on the #Ethereum $ETH #blockchain , bringing its total minting for November to $16 billion. Tether's expanding supply continues to dominate the #stablecoin market, with #USDT market capitalization rising by 10.5% to $133 billion, securing a 69.9% share of the market.
🚀 Crypto Shake-Up: Hacks, Records, and Major Moves!
Catch up on the latest developments shaping the crypto world! From exchange hacks to record-breaking DeFi volumes, here are today’s top stories impacting Bitcoin, blockchain, and beyond:
🔶 XT.com Suspends Withdrawals After Suspected $1.7M Hack
🔸 Cryptocurrency exchange XT.com, with a daily trading volume of $3.4 billion, halted withdrawals following a suspected $1.7 million hack.
🔸 Blockchain security firm PeckShield flagged the issue, reporting that stolen funds were swapped for 461.58 Ether and transferred to an Ethereum address.
🔸 XT.com acknowledged an “abnormal transfer of platform wallet assets” and cited “wallet upgrade and maintenance” as the reason for the suspension.
🦄 Uniswap Hits Record $38B Monthly Volume on Ethereum L2s
🔹 Uniswap saw unprecedented volume in November across Ethereum layer-2 networks like Base, Arbitrum, and Optimism.
🔹 This $38 billion milestone surpasses its previous high by $4 billion, fueled by increasing demand for DeFi assets and stablecoins.
🔹 Henrik Andersson of Apollo Crypto notes this surge aligns with the “DeFi renaissance” and rising ETH/BTC momentum, signaling possible outperformance for Ethereum-based ecosystems.
💵 Tether Drops EURt Stablecoin Amid Regulatory Challenges
◾ Tether has ceased minting its euro-pegged EURt stablecoin, aiming to phase it out entirely by November 2025.
◾ CEO Paolo Ardoino stated the decision was influenced by Europe’s “evolving” regulatory environment and the need for a more supportive framework.
◾ Tether will now focus its efforts on USDT, prioritizing stability and innovation in the face of systemic banking risks.
💬 What do you think of today’s events? Are these signs of growth or growing pains for the crypto industry? Share your views below!
#CryptoNews #DeFi #Uniswap #Tether #binancesquare $UNI $ETH
Catch up on the latest developments shaping the crypto world! From exchange hacks to record-breaking DeFi volumes, here are today’s top stories impacting Bitcoin, blockchain, and beyond:
🔶 XT.com Suspends Withdrawals After Suspected $1.7M Hack
🔸 Cryptocurrency exchange XT.com, with a daily trading volume of $3.4 billion, halted withdrawals following a suspected $1.7 million hack.
🔸 Blockchain security firm PeckShield flagged the issue, reporting that stolen funds were swapped for 461.58 Ether and transferred to an Ethereum address.
🔸 XT.com acknowledged an “abnormal transfer of platform wallet assets” and cited “wallet upgrade and maintenance” as the reason for the suspension.
🦄 Uniswap Hits Record $38B Monthly Volume on Ethereum L2s
🔹 Uniswap saw unprecedented volume in November across Ethereum layer-2 networks like Base, Arbitrum, and Optimism.
🔹 This $38 billion milestone surpasses its previous high by $4 billion, fueled by increasing demand for DeFi assets and stablecoins.
🔹 Henrik Andersson of Apollo Crypto notes this surge aligns with the “DeFi renaissance” and rising ETH/BTC momentum, signaling possible outperformance for Ethereum-based ecosystems.
💵 Tether Drops EURt Stablecoin Amid Regulatory Challenges
◾ Tether has ceased minting its euro-pegged EURt stablecoin, aiming to phase it out entirely by November 2025.
◾ CEO Paolo Ardoino stated the decision was influenced by Europe’s “evolving” regulatory environment and the need for a more supportive framework.
◾ Tether will now focus its efforts on USDT, prioritizing stability and innovation in the face of systemic banking risks.
💬 What do you think of today’s events? Are these signs of growth or growing pains for the crypto industry? Share your views below!
#CryptoNews #DeFi #Uniswap #Tether #binancesquare $UNI $ETH
#MarketInTheGreen
Tether's $5B minting spree over 72 hours has sparked both excitement and concern in the crypto market! As USDT floods the market, Bitcoin's price speculation heats up. But questions remain over Tether's transparency, reserves, and regulatory oversight, especially with Cantor Fitzgerald's involvement.
Some see this as bullish for Bitcoin, while others worry about market destabilization. What does the future hold for Tether and the crypto space?
#Tether #USDT #Bitcoin #Cryptomarket
Tether's $5B minting spree over 72 hours has sparked both excitement and concern in the crypto market! As USDT floods the market, Bitcoin's price speculation heats up. But questions remain over Tether's transparency, reserves, and regulatory oversight, especially with Cantor Fitzgerald's involvement.
Some see this as bullish for Bitcoin, while others worry about market destabilization. What does the future hold for Tether and the crypto space?
#Tether #USDT #Bitcoin #Cryptomarket
#Stablecoins issuer #Tether released its latest attestation report on Thursday, reporting a profit of $700 million in the fourth quarter of 2022, which it says is additional to its reserves.
#crypto2023 #Binance #BNB
#crypto2023 #Binance #BNB
✴ Despite the growing adoption of stablecoins in 2022,#Tether had a somewhat difficult year.Over the past year,Tether has seen more concerns raised about its reserves and its solvency following the collapse of Terra UST in May and the FTX crypto exchange in November
#crypto2023
#crypto2023
**Tether's Q4/2023 attestation reveals impressive results:**
➡️ Profit for the quarter: $2.85B, $1B from net operational profit and $1.85B from gold and Bitcoin holdings.
➡️ Total 2023 profit: $6.2B.
➡️ Cash & equivalents cover 90% of issued tokens, highest in years.
➡️ Total US T-bill exposure: $80.3B.
➡️ Excess equity: $5.4B, exceeding secured loans ($4.8B).
➡️ VC investments portfolio: $1.45B, spanning AI, Bitcoin mining, P2P telecom, etc.
#Tether #Crypto $BTC #JUP #fomc #xrp $BNB $XRP
➡️ Profit for the quarter: $2.85B, $1B from net operational profit and $1.85B from gold and Bitcoin holdings.
➡️ Total 2023 profit: $6.2B.
➡️ Cash & equivalents cover 90% of issued tokens, highest in years.
➡️ Total US T-bill exposure: $80.3B.
➡️ Excess equity: $5.4B, exceeding secured loans ($4.8B).
➡️ VC investments portfolio: $1.45B, spanning AI, Bitcoin mining, P2P telecom, etc.
#Tether #Crypto $BTC #JUP #fomc #xrp $BNB $XRP