Tether’s USDT hits record $120B market cap, flashing ‘Uptober’ signal
The $120 billion USDT market cap could spill into Bitcoin and Ether, ending their seven-month downtrend and saving the “Uptober” narrative.
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The $120 billion USDT market cap could spill into Bitcoin and Ether, ending their seven-month downtrend and saving the “Uptober” narrative.
Institutional demand is driving a significant increase in onchain loans across DeFi protocols.
Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.
The USDT issuer needs ways to deploy billions of dollars in profits, and commodity traders could benefit from expanded credit.
Tether has achieved its first 10 years with a considerable jump in its user base, a closer relationship with US authorities and fresh regulatory challenges […]
The European Securities and Markets Authority declined to disclose whether USDt is “noncompliant” but said it is working on solutions to issues in the framework.
Argentina’s stablecoin market is one of the largest in the world in terms of share of stablecoin transactions, beating the global average by 17%.
The news comes amid the company’s 10-year anniversary celebration.
The United Nations Office on Drugs and Crime continues its series on organized crime in Southeast Asia and focuses on Telegram this time.
Tether CEO Paolo Ardoino said in an X post that the company will continue to bring financial inclusion to people who are “left behind.”
