Key Takeaways Tether, the issuer of the world’s largest stablecoin, USDT, has frozen $27 million in assets linked to the Russian cryptocurrency exchange Garantex, which had been sanctioned by the European Union. This move has forced Garantex to suspend operations,…
Key Takeaways Tether has minted an additional $3 billion in USDT stablecoins. As per blockchain data from Arkham Intelligence shows that $2 billion was issued on the Ethereum blockchain, while $1 billion was minted on Tron, with both transactions executed…
Key Takeaways In a significant move, the United Kingdom High Court has ruled that the stablecoin Tether (USDT) is legally considered property. This is the first ruling of its kind under English law following a full trial, marking a significant…
Key Takeaways USDT Stablecoin issuer Tether Holdings Ltd. has acquired a $100 million stake in Bitdeer Technologies Group, the US-listed Bitcoin mining firm of Chinese billionaire Jihan Wu. As per the official announcement, the private placement includes 18,587,360 Class A…
Key Takeaways Cryptocurrency exchange Kraken has stated that it has no plans” to delist Tether (USDT) in Europe . This development comes amid reports surfacing that the firm was “actively reviewing” the decision to remain legally compliant with MiCA. Mark…
Key Takeaways Tether has hit out at Deutsche Bank over its report claiming that most stablecoins, including Tether’s USDT, are likely to face ‘significant turbulence’ and fail owing to a lack of transparency and vulnerability to speculative sentiment. “While some…
Key Takeaways Tether, the force behind USDT stablecoin, recently boosted its Bitcoin reserves with an acquisition of 8,888 BTC on March 31, valued at $618 million. This move marks a significant step in Tether’s ongoing Bitcoin accumulation strategy, pushing its…
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