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USDC Hits Historic Milestone: $60 Billion Market Cap Achieved!
USDC, the stablecoin issued by Circle, has officially reached a record-breaking market capitalization of $60 billion – surpassing its previous all-time high of $55 billion from June 2022.
📈 USDC Outpaces USDT in Supply Growth
Over the last three months, USDC added $16.3 billion to its supply, while its main competitor Tether (USDT) added only $4.4 billion, according to data from Artemis Analytics. Despite this impressive surge, USDT still leads in overall market cap with $144 billion.
🔗 Solana Drives Explosive Growth
A major driver behind USDC’s rise is its exploding usage on the Solana blockchain (SOL). The total value of stablecoins on Solana recently surpassed $10 billion for the first time, with USDC accounting for nearly 80% of that figure. According to DefiLlama, the total stablecoin market cap on Solana now exceeds $12 billion, with USDC at the forefront.
🌍 Clearer Regulations Boost Stablecoin Adoption
Stablecoins are thriving as governments worldwide provide greater regulatory clarity around their issuance and usage. According to the 2024 Stablecoin Landscape report by CEX.io, stablecoin transaction volumes have outpaced those of Visa and Mastercard combined by nearly 8%!
Since the beginning of the year, the total supply of stablecoins has grown by 59%, now exceeding $200 billion, and their share of the total USD money supply has risen to 1%, up from 0.63%.
🏦 Everyone Wants Their Own Stablecoin
Both financial and crypto service providers are launching their own stablecoins. Notable examples include:
PayPal's PYUSD, backed by USD deposits and short-term U.S. government bonds.Ripple’s RLUSD, also USD-backed.World Liberty Financial's USD1, fully backed by U.S. Treasury bonds and cash, deployed on Ethereum (ETH) and Binance Smart Chain (BNB).
🤝 Competition? No — It’s a Collective Growth Story
While some are concerned that new stablecoins might displace USDC or USDT, former Binance CEO Changpeng Zhao disagrees. According to him, “The more stablecoins, the better.”
Stablecoins are a crucial source of liquidity in the crypto market, and their growing supply reflects increasing investor demand for reliable and stable digital assets.
#USDC , #Stablecoins , #CryptoNewss , #Tether , #defi
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
📈 USDC Outpaces USDT in Supply Growth
Over the last three months, USDC added $16.3 billion to its supply, while its main competitor Tether (USDT) added only $4.4 billion, according to data from Artemis Analytics. Despite this impressive surge, USDT still leads in overall market cap with $144 billion.
🔗 Solana Drives Explosive Growth
A major driver behind USDC’s rise is its exploding usage on the Solana blockchain (SOL). The total value of stablecoins on Solana recently surpassed $10 billion for the first time, with USDC accounting for nearly 80% of that figure. According to DefiLlama, the total stablecoin market cap on Solana now exceeds $12 billion, with USDC at the forefront.
🌍 Clearer Regulations Boost Stablecoin Adoption
Stablecoins are thriving as governments worldwide provide greater regulatory clarity around their issuance and usage. According to the 2024 Stablecoin Landscape report by CEX.io, stablecoin transaction volumes have outpaced those of Visa and Mastercard combined by nearly 8%!
Since the beginning of the year, the total supply of stablecoins has grown by 59%, now exceeding $200 billion, and their share of the total USD money supply has risen to 1%, up from 0.63%.
🏦 Everyone Wants Their Own Stablecoin
Both financial and crypto service providers are launching their own stablecoins. Notable examples include:
PayPal's PYUSD, backed by USD deposits and short-term U.S. government bonds.Ripple’s RLUSD, also USD-backed.World Liberty Financial's USD1, fully backed by U.S. Treasury bonds and cash, deployed on Ethereum (ETH) and Binance Smart Chain (BNB).
🤝 Competition? No — It’s a Collective Growth Story
While some are concerned that new stablecoins might displace USDC or USDT, former Binance CEO Changpeng Zhao disagrees. According to him, “The more stablecoins, the better.”
Stablecoins are a crucial source of liquidity in the crypto market, and their growing supply reflects increasing investor demand for reliable and stable digital assets.
#USDC , #Stablecoins , #CryptoNewss , #Tether , #defi
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
🚨🚨🚨 Binance Delists 4 Trading Pairs: What You Need to Know! ❗
The leading cryptocurrency exchange, Binance, has made a significant announcement regarding the delisting of 4 trading pairs in its spot trading platform.
On March 26, Binance revealed that the affected trading pairs include those linked to Gala Games (GALA), Perpetual Protocol (PERP), and Tether (USDT). The specific pairs being removed are GALA/BNB, PERP/BTC, USDT/CZK, and USDT/RON, with trading set to halt at 03:00 UTC on March 28, 2025. Additionally, any trading bots associated with these pairs will also be disabled.
However, users can continue trading other pairs for these assets on the platform. Binance has advised investors to discontinue their bot services promptly to mitigate any potential losses.
Stay informed and trade wisely! 💡
#VoteToListOnBinance #WhaleMovements #CryptoNews #galagame #Tether
The leading cryptocurrency exchange, Binance, has made a significant announcement regarding the delisting of 4 trading pairs in its spot trading platform.
On March 26, Binance revealed that the affected trading pairs include those linked to Gala Games (GALA), Perpetual Protocol (PERP), and Tether (USDT). The specific pairs being removed are GALA/BNB, PERP/BTC, USDT/CZK, and USDT/RON, with trading set to halt at 03:00 UTC on March 28, 2025. Additionally, any trading bots associated with these pairs will also be disabled.
However, users can continue trading other pairs for these assets on the platform. Binance has advised investors to discontinue their bot services promptly to mitigate any potential losses.
Stay informed and trade wisely! 💡
#VoteToListOnBinance #WhaleMovements #CryptoNews #galagame #Tether
Hareth89:
gala is OK?
#Tether
‘Top Priority’ – Tether CEO Paolo Ardoino Looking To Receive Audit From One of Big Four Accounting Firms: Report
The chief executive of the world’s largest stablecoin issuer is reportedly looking to receive an audit from one of the biggest accounting firms in the world.
According to a new report by Reuters, Tether CEO Paolo Ardoino says the company is in talks with one of the Big Four accounting firms – KPMG, Deloitte, EY and PwC – to receive an audit of its reserves, though no specific group was named.
Tether says it holds dollar-denominated reserves for each USDT token it creates and an audit would help improve the transparency of said reserves, which are currently subject to quarterly reports rather than full-on audits.
Ardoino told Reuters that getting a full audit is a “top priority” for Tether, a task he says will be easier to achieve under President Donald Trump, who recently signed an executive order to establish a crypto strategic reserve.
“It’s our top priority. Now we are living in a landscape where it’s actually feasible…
If the President of the United States says this is a top priority for the US, Big Four auditing firms will have to listen, so we are very happy with that.”
Tether, which has a transparency page on its website dedicated to keeping track of its stablecoin assets and their associated reserves, currently has about $143 billion worth of USDT in circulation at time of writing.
More interesting news — subscribe
$USDC
‘Top Priority’ – Tether CEO Paolo Ardoino Looking To Receive Audit From One of Big Four Accounting Firms: Report
The chief executive of the world’s largest stablecoin issuer is reportedly looking to receive an audit from one of the biggest accounting firms in the world.
According to a new report by Reuters, Tether CEO Paolo Ardoino says the company is in talks with one of the Big Four accounting firms – KPMG, Deloitte, EY and PwC – to receive an audit of its reserves, though no specific group was named.
Tether says it holds dollar-denominated reserves for each USDT token it creates and an audit would help improve the transparency of said reserves, which are currently subject to quarterly reports rather than full-on audits.
Ardoino told Reuters that getting a full audit is a “top priority” for Tether, a task he says will be easier to achieve under President Donald Trump, who recently signed an executive order to establish a crypto strategic reserve.
“It’s our top priority. Now we are living in a landscape where it’s actually feasible…
If the President of the United States says this is a top priority for the US, Big Four auditing firms will have to listen, so we are very happy with that.”
Tether, which has a transparency page on its website dedicated to keeping track of its stablecoin assets and their associated reserves, currently has about $143 billion worth of USDT in circulation at time of writing.
More interesting news — subscribe
$USDC
How to Deposit Crypto in Stake Using Binance: A Step-by-Step Guide with USDT Tether$
Cryptocurrency has revolutionized the way we handle transactions, and platforms like Binance and Stake have made it easier than ever to manage and use digital assets. In this blog, we'll walk you through the process of depositing USDT Tether into your Stake account using Binance.
Step-by-Step Guide
Step 1: Set Up Your Accounts
Before you begin, ensure you have active accounts on both Binance and Stake. If you don't have them yet:
1. Binance : Sign up on Binance, complete the KYC verification, and fund your wallet with USDT.
2. Stake: Create an account on Stake and verify it as required.
Step 2: Locate Your Stake Wallet Address
1. Log in to your Stake account.
2. Navigate to the "Deposit" section.
3. Select USDT as your preferred cryptocurrency.
4. Copy the wallet address provided. Ensure you choose the correct network (e.g., TRC20 or ERC20) based on your preference.
Step 3: Withdraw USDT from Binance**
1. Log in to your Binance account.
2. Go to the "Wallet" section and select "Fiat and Spot."
3. Find USDT and click on "Withdraw."
4. If you don't have usdt in your wallet you can buy it from spot or p2p and then proceed as mentioned below 👇
4. Paste the Stake wallet address you copied earlier.
5. Select the appropriate network (e.g., TRC20 for lower fees).
6. Enter the amount of USDT you wish to transfer.
7. Confirm the transaction and complete any required authentication steps.
Step 4: Wait for Confirmation
After initiating the transfer, it may take a few minutes for the transaction to be processed. You can track the status on Binance and Stake.
Step 5: Start Using Your Funds on Stake
Once the funds are credited to your Stake account, you're ready to use them for gaming, betting, or other activities available on the platform.
$BNB $ETH $BTC
#stake #usdt #Tether #IPL2025 #deposit
Cryptocurrency has revolutionized the way we handle transactions, and platforms like Binance and Stake have made it easier than ever to manage and use digital assets. In this blog, we'll walk you through the process of depositing USDT Tether into your Stake account using Binance.
Step-by-Step Guide
Step 1: Set Up Your Accounts
Before you begin, ensure you have active accounts on both Binance and Stake. If you don't have them yet:
1. Binance : Sign up on Binance, complete the KYC verification, and fund your wallet with USDT.
2. Stake: Create an account on Stake and verify it as required.
Step 2: Locate Your Stake Wallet Address
1. Log in to your Stake account.
2. Navigate to the "Deposit" section.
3. Select USDT as your preferred cryptocurrency.
4. Copy the wallet address provided. Ensure you choose the correct network (e.g., TRC20 or ERC20) based on your preference.
Step 3: Withdraw USDT from Binance**
1. Log in to your Binance account.
2. Go to the "Wallet" section and select "Fiat and Spot."
3. Find USDT and click on "Withdraw."
4. If you don't have usdt in your wallet you can buy it from spot or p2p and then proceed as mentioned below 👇
4. Paste the Stake wallet address you copied earlier.
5. Select the appropriate network (e.g., TRC20 for lower fees).
6. Enter the amount of USDT you wish to transfer.
7. Confirm the transaction and complete any required authentication steps.
Step 4: Wait for Confirmation
After initiating the transfer, it may take a few minutes for the transaction to be processed. You can track the status on Binance and Stake.
Step 5: Start Using Your Funds on Stake
Once the funds are credited to your Stake account, you're ready to use them for gaming, betting, or other activities available on the platform.
$BNB $ETH $BTC
#stake #usdt #Tether #IPL2025 #deposit
🔥Tether Sets New Record: $548 Million Monthly Revenue
Tether, the leading stablecoin issuer, has achieved an unprecedented milestone:
🔹️Monthly revenue: $548 million (all-time industry record)
🔹️Surpasses closest competitor, Circle, by 3x ($182 million/month)
💥Tether's remarkable success can be attributed to:
🔹️Wide adoption of USDT across cryptocurrency exchanges and platforms
🔹️Increasing demand for stablecoins in the DeFi ecosystem
🔹️Strategic partnerships and collaborations
This achievement solidifies Tether's position as a dominant player in the digital currency market.
#BinanceAlphaAlert
#Tether
#USDT
#Market_Update
#Write2Earn
Tether, the leading stablecoin issuer, has achieved an unprecedented milestone:
🔹️Monthly revenue: $548 million (all-time industry record)
🔹️Surpasses closest competitor, Circle, by 3x ($182 million/month)
💥Tether's remarkable success can be attributed to:
🔹️Wide adoption of USDT across cryptocurrency exchanges and platforms
🔹️Increasing demand for stablecoins in the DeFi ecosystem
🔹️Strategic partnerships and collaborations
This achievement solidifies Tether's position as a dominant player in the digital currency market.
#BinanceAlphaAlert
#Tether
#USDT
#Market_Update
#Write2Earn
Tether is a stablecoin pegged to the US dollar, offering stability and accessibility for traders. However, it faces risks like transparency concerns, regulatory uncertainty, and counterparty risk. Tether's price can fluctuate despite its stablecoin nature due to market volatility, interest rates, and regulatory developments. Demand, supply, and market sentiment are key factors influencing its price.#tether
Tether unveils €10M investment in Be Water
#Tether invests €10M in #BeWater , an innovative media company specializing in the production and distribution of audio, video, film, and live content. By this investment, Tether will acquire a 30.4% stake in Be Water by the end of the month. Additionally, Tether and Be Water will work together to improve digital content distribution, implement new technological solutions, and facilitate the global expansion of Be Water’s brands.
👉 tether.io/news/tether-invests-in-be-water-strengthening-its-commitment-to-modern-media-innovation/
#Tether invests €10M in #BeWater , an innovative media company specializing in the production and distribution of audio, video, film, and live content. By this investment, Tether will acquire a 30.4% stake in Be Water by the end of the month. Additionally, Tether and Be Water will work together to improve digital content distribution, implement new technological solutions, and facilitate the global expansion of Be Water’s brands.
👉 tether.io/news/tether-invests-in-be-water-strengthening-its-commitment-to-modern-media-innovation/
🚀 Rumble Joins Forces with Tether to Launch a Digital Wallet!
Big moves in the crypto & video space! Rumble has secured $775 million in investment from Tether, fueling its expansion and innovation plans.
🔹 Key Highlights:
$250 million allocated for platform development.
70 million Class A common shares to be repurchased.
Tether has acquired 103.3 million Rumble shares at $7.50 per share.
Rumble’s CEO, Chris Pavlovski, calls Tether the “perfect partner” to drive growth.
Tether’s CEO, Paolo Ardoino, hints at collaborations in ads, cloud services & crypto payments.
With a Tether-backed digital wallet on the horizon, could this shake up the decentralized video & payment ecosystem? 🤔
📢 Share your thoughts below! 🚀💰
#rumble #Tether #CryptoWallet
Big moves in the crypto & video space! Rumble has secured $775 million in investment from Tether, fueling its expansion and innovation plans.
🔹 Key Highlights:
$250 million allocated for platform development.
70 million Class A common shares to be repurchased.
Tether has acquired 103.3 million Rumble shares at $7.50 per share.
Rumble’s CEO, Chris Pavlovski, calls Tether the “perfect partner” to drive growth.
Tether’s CEO, Paolo Ardoino, hints at collaborations in ads, cloud services & crypto payments.
With a Tether-backed digital wallet on the horizon, could this shake up the decentralized video & payment ecosystem? 🤔
📢 Share your thoughts below! 🚀💰
#rumble #Tether #CryptoWallet
📈 Tether Ranks as 7th Largest Buyer of U.S. Treasuries in 2024! 🏦
In a groundbreaking financial milestone, Tether, the issuer of the USDT stablecoin, has emerged as the 7th largest purchaser of U.S. Treasuries, surpassing several sovereign nations. This achievement underscores the growing influence of crypto firms in global finance, a domain traditionally dominated by governments and institutional giants.
🔹 Tether’s Rising Economic Influence
Tether’s massive investment in U.S. government debt is a strategic move to back USDT with secure and liquid assets. By holding such significant Treasury reserves, Tether now stands alongside major global buyers like Japan and China, showcasing the expanding economic power of digital assets in traditional markets.
🔹 Blurring Lines Between Traditional and Digital Finance
Tether’s growing role in Treasury purchases highlights the convergence of traditional finance and the crypto ecosystem. Stablecoins like USDT are no longer limited to crypto trading—they are increasingly used for payments, remittances, and decentralized finance (DeFi). This shift raises important questions about the future role of crypto firms in global markets, potentially leading to increased regulatory attention and policy reforms.
🔹 What This Means for Crypto’s Future
As stablecoins become more integrated into the financial system, their stability and transparency—especially regarding asset backing—will remain critical. Tether’s substantial Treasury holdings bolster investor confidence, reinforcing the idea that crypto-native firms are now key players in shaping global economic structures.
This milestone solidifies crypto’s position in the broader financial landscape, proving that digital assets are no longer on the fringes—they are actively driving the future of global finance!
🔗 #Crypto #Tether #Trump:ILOVE$TRUMP #SaylorBTCPurchase
$USDC
🔹 Tether’s Rising Economic Influence
Tether’s massive investment in U.S. government debt is a strategic move to back USDT with secure and liquid assets. By holding such significant Treasury reserves, Tether now stands alongside major global buyers like Japan and China, showcasing the expanding economic power of digital assets in traditional markets.
🔹 Blurring Lines Between Traditional and Digital Finance
Tether’s growing role in Treasury purchases highlights the convergence of traditional finance and the crypto ecosystem. Stablecoins like USDT are no longer limited to crypto trading—they are increasingly used for payments, remittances, and decentralized finance (DeFi). This shift raises important questions about the future role of crypto firms in global markets, potentially leading to increased regulatory attention and policy reforms.
🔹 What This Means for Crypto’s Future
As stablecoins become more integrated into the financial system, their stability and transparency—especially regarding asset backing—will remain critical. Tether’s substantial Treasury holdings bolster investor confidence, reinforcing the idea that crypto-native firms are now key players in shaping global economic structures.
This milestone solidifies crypto’s position in the broader financial landscape, proving that digital assets are no longer on the fringes—they are actively driving the future of global finance!
🔗 #Crypto #Tether #Trump:ILOVE$TRUMP #SaylorBTCPurchase
$USDC
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Tether is Negotiating with the "Big 4" for Independent Audit – A Turning Point for the World's Largest Stablecoin?
Tether, the world's largest stablecoin issuer, is in negotiations with one of the Big Four accounting firms to conduct an independent audit, according to a report from Reuters. This could be an important step in dispelling long-standing doubts about the company's transparency.
Tether and Long-Standing Concerns About Reserves
Tether (#USDT ) is the most traded stablecoin in the cryptocurrency market and currently ranks third in market capitalization, only behind Bitcoin and Ethereum, according to data from CoinGecko. However, the company has long faced criticism for its lack of transparency in disclosing the reserve assets backing USDT.
Tether and Long-Standing Concerns About Reserves
Tether (#USDT ) is the most traded stablecoin in the cryptocurrency market and currently ranks third in market capitalization, only behind Bitcoin and Ethereum, according to data from CoinGecko. However, the company has long faced criticism for its lack of transparency in disclosing the reserve assets backing USDT.
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Cryptocurrencies have become an integral part of modern financial landscapes.
🔹🪙Bitcoin (Bitcoin)
🔹This is the first and most well-known 🪙cryptocurrency, created in 2009.
🔹Bitcoin has the largest market capitalization among all cryptocurrencies.
🔹It is used as a store of value and for conducting transactions.
🔹🪙Ethereum (ETH)
🔹#Ethereum is the second most popular cryptocurrency after Bitcoin.
🔹This is the first and most well-known 🪙cryptocurrency, created in 2009.
🔹Bitcoin has the largest market capitalization among all cryptocurrencies.
🔹It is used as a store of value and for conducting transactions.
🔹🪙Ethereum (ETH)
🔹#Ethereum is the second most popular cryptocurrency after Bitcoin.
Tether Eyes Big Four Audit as Trump Urges Stablecoin Regulations, Reuters Reports
Tether, the world’s largest stablecoin issuer, has reportedly initiated engagement with a “Big Four accounting firm” to audit the reserves of its fiat-pegged token. Paolo Ardoino, Tether’s CEO, shared this update with Reuters as the circulating supply of USDT currently stands at 143.46 billion.
Tether Listens toTrump’s ASAP Stablecoin Mandate in Pursuit of Big Four Validation
This week, a Reuters report detailed that Paolo Ardoino revealed the company is in discussions with a prestigious accounting firm to scrutinize the reserves underpinning tether ( USDT). This development arrives as the stablecoin’s market presence continues to draw heightened public attention. The Tether boss noted that the audit is now easier to get accomplished with Donald Trump as the U.S. President.
“It’s our top priority,” Ardoino told Reuters reporter Hannah Lang. “Now we are living in a landscape where it’s actually feasible.” Ardoino’s remarks arrive on the heels of Trump’s attendance at the Digital Asset Summit earlier this week. Trump pressed Congress to expedite the enactment of legislation crafting definitive regulatory frameworks for stablecoins.
“If the President of the United States says this is top priority for the U.S., Big Four auditing firms will have to listen, so we are very happy with that,” Ardoino explained to Lang on Friday.
Tether’s pursuit of a Big Four audit, coupled with Trump’s regulatory urgency, signals a strategic alignment between crypto’s institutional ambitions and political momentum. As Ardoino frames regulatory clarity as a catalyst for legitimacy, the convergence of corporate pragmatism and presidential prioritization could redefine stablecoins’ role in global finance.
#binance #wendy #bitcoin #tether $BTC $ETH $BNB
Tether Listens toTrump’s ASAP Stablecoin Mandate in Pursuit of Big Four Validation
This week, a Reuters report detailed that Paolo Ardoino revealed the company is in discussions with a prestigious accounting firm to scrutinize the reserves underpinning tether ( USDT). This development arrives as the stablecoin’s market presence continues to draw heightened public attention. The Tether boss noted that the audit is now easier to get accomplished with Donald Trump as the U.S. President.
“It’s our top priority,” Ardoino told Reuters reporter Hannah Lang. “Now we are living in a landscape where it’s actually feasible.” Ardoino’s remarks arrive on the heels of Trump’s attendance at the Digital Asset Summit earlier this week. Trump pressed Congress to expedite the enactment of legislation crafting definitive regulatory frameworks for stablecoins.
“If the President of the United States says this is top priority for the U.S., Big Four auditing firms will have to listen, so we are very happy with that,” Ardoino explained to Lang on Friday.
Tether’s pursuit of a Big Four audit, coupled with Trump’s regulatory urgency, signals a strategic alignment between crypto’s institutional ambitions and political momentum. As Ardoino frames regulatory clarity as a catalyst for legitimacy, the convergence of corporate pragmatism and presidential prioritization could redefine stablecoins’ role in global finance.
#binance #wendy #bitcoin #tether $BTC $ETH $BNB
PhilipsNguyen:
Cái like 👍 của em làm anh sao xuyến.
Tim đập bồi hồi mắt lệ rưng rưng. ( không phải do nhìn chart lâu đâu nghe)
Tether and Big Four Auditor Verify USDT Stablecoin 1:1 Backing
USDT's issuer, Tether, is apparently working with a Big Four accounting firm to audit its reserves to ensure that each token is backed 1:1 with assets.
Industry demand for openness is rising, particularly after the company's claims issues.
On March 21, Tether CEO Paolo Ardoino told Reuters that a complete audit is a priority.
Tether CEO: Trump's Pro-Crypto Stand Could Ease Audits
Under Trump's pro-crypto position, which supports digital asset integration, Ardoino said the process may be easier.
He said Big Four auditing firms must listen if the US president makes this a priority.
Quarterly attestations from Tether are insufficient to satisfy authorities and investors. An independent yearly audit would be better.
Tether claims each USDT token is backed by cash, equivalents, and other assets to ensure a stable value tied to the U.S. dollar.
However, critics have long questioned these assertions' veracity and thoroughness.
Critics like Cyber Capital founder Justin Bons called Tether a crypto ecosystem danger in September 2024 because to its lack of independent reserve verification.
Consumers' Research, another watchdog, had similar worries about Tether's openness.
In 2021, the CFTC fined Tether $41 million for misrepresenting its reserve backing.
Recent opposition to MiCA legislation in Europe caused Crypto.com to delist USDT and other coins.
Tether Influences Federal Stablecoin Regulations with U.S. Lawmakers
Last month, Tether stated that it had worked with U.S. politicians to establish stablecoin rules.
The firm has been talking to Representatives Bryan Steil and French Hill, who sponsored the STABLE Act on Feb. 6.
Ardoino said it wants to contribute to two more stablecoin proposals presented by other lawmakers.
In a Senate hearing on February 11, Federal Reserve Chair Jerome Powell reiterated the central bank's support for stablecoin regulation.
Powell said the Federal Reserve supports stablecoin regulation to protect consumers and savers.
#Tether #USDT #WhaleMovements $ETH
USDT's issuer, Tether, is apparently working with a Big Four accounting firm to audit its reserves to ensure that each token is backed 1:1 with assets.
Industry demand for openness is rising, particularly after the company's claims issues.
On March 21, Tether CEO Paolo Ardoino told Reuters that a complete audit is a priority.
Tether CEO: Trump's Pro-Crypto Stand Could Ease Audits
Under Trump's pro-crypto position, which supports digital asset integration, Ardoino said the process may be easier.
He said Big Four auditing firms must listen if the US president makes this a priority.
Quarterly attestations from Tether are insufficient to satisfy authorities and investors. An independent yearly audit would be better.
Tether claims each USDT token is backed by cash, equivalents, and other assets to ensure a stable value tied to the U.S. dollar.
However, critics have long questioned these assertions' veracity and thoroughness.
Critics like Cyber Capital founder Justin Bons called Tether a crypto ecosystem danger in September 2024 because to its lack of independent reserve verification.
Consumers' Research, another watchdog, had similar worries about Tether's openness.
In 2021, the CFTC fined Tether $41 million for misrepresenting its reserve backing.
Recent opposition to MiCA legislation in Europe caused Crypto.com to delist USDT and other coins.
Tether Influences Federal Stablecoin Regulations with U.S. Lawmakers
Last month, Tether stated that it had worked with U.S. politicians to establish stablecoin rules.
The firm has been talking to Representatives Bryan Steil and French Hill, who sponsored the STABLE Act on Feb. 6.
Ardoino said it wants to contribute to two more stablecoin proposals presented by other lawmakers.
In a Senate hearing on February 11, Federal Reserve Chair Jerome Powell reiterated the central bank's support for stablecoin regulation.
Powell said the Federal Reserve supports stablecoin regulation to protect consumers and savers.
#Tether #USDT #WhaleMovements $ETH
Casandra Remley JfRB:
prioryt bro
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💰🔥 Tether becomes the seventh largest buyer of US Treasury bonds in 2024! 🇺🇸📈 With its holdings of $33.1 billion, Tether joins the ranks of major countries in government bond investment, reflecting its financial strength and increasing influence in global markets 💎🌍.
🏦💡 This development enhances the position of stablecoins as a key part of the traditional financial system, as USDT proves to be not just a digital trading tool, but a strategic player in the global economy! 🏛📊
⚡🔍 With Tether's growing role in financing US debt, are we witnessing a deeper integration between the traditional economy and the crypto world? The coming days may hold major financial surprises! ⏳🚀
#SECCrypto2.0 #Tether $BTC $XRP #BinanceAlphaAlert #PARTIHODLerAirdrop #VoteToListOnBinance $NIL
🏦💡 This development enhances the position of stablecoins as a key part of the traditional financial system, as USDT proves to be not just a digital trading tool, but a strategic player in the global economy! 🏛📊
⚡🔍 With Tether's growing role in financing US debt, are we witnessing a deeper integration between the traditional economy and the crypto world? The coming days may hold major financial surprises! ⏳🚀
#SECCrypto2.0 #Tether $BTC $XRP #BinanceAlphaAlert #PARTIHODLerAirdrop #VoteToListOnBinance $NIL
Crypto explosion today! #Tether is gearing up for a full audit with a Big Four firm – a massive transparency move in Trump’s pro-crypto era. Meanwhile, the US Treasury just lifted sanctions on Tornado Cash, sending its #TORN token soaring 60%! $BTC ’s stuck at $82k, but will Trump’s next announcement push it to $100k? Follow me for the freshest updates – you’ll get the scoop here first!
#BinanceAlphaAlert
#SECCryptoRoundtable
#VoteToDelistOnBinance
#BinanceAlphaAlert
#SECCryptoRoundtable
#VoteToDelistOnBinance
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Tether and US Treasury Bonds: Impact on the Crypto Market
Tether becoming the 7th largest buyer of US Treasury bonds in 2024, with $33.1 billion in assets, is an important sign of the expanding influence of this stablecoin not only in the cryptocurrency sector but also in the traditional financial market.
Impact on the crypto market
Strengthening the position of USDT
With a massive amount of assets invested in US Treasury bonds, Tether is proving that USDT is backed by one of the safest assets in the world. This helps
Impact on the crypto market
Strengthening the position of USDT
With a massive amount of assets invested in US Treasury bonds, Tether is proving that USDT is backed by one of the safest assets in the world. This helps
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