Topics

Posted 9/19/2023, 11:47:25 AM

Tether Authorizes $1B in USDT to Boost Liquidity on Tron Network

Tether authorized $1B in USDT to provide liquidity for Tron network
Authorization is for inventory, not issuance; will be used for upcoming Tron requests
Tether CTO said USDT will replenish Tron network and facilitate chain swaps
Tron accounts for $42.8B circulating USDT, second only to Ethereum's $39B
Tether market cap over $83B in 2023 after minting $16B USDT this year

cointelegraph.com

Relevant topic timeline:

8/25/2023

Tether maintains $3.3B in liquidity cushion: USDT transparency report

Tether maintains a liquidity cushion of nearly $3.3 billion to provide stability and trust in its ecosystem, with reserves totaling $86.1 billion, confirming a backing of over 100%.

8/25/2023

Crypto Biz: Coinbase-Circle re-alignment, Binance fiat hurdles, and USDC at Shopify

Summary: Coinbase and Circle have dissolved the Centre Consortium due to regulatory clarity issues surrounding stablecoins, with Coinbase taking an equity stake in Circle and Circle assuming enhanced responsibilities for the USD Coin (USDC) stablecoin; Binance.US partners with MoonPay to use Tether (USDT) as its new "base asset" for transactions, while Binance faces challenges with fiat withdrawals in Europe; Shopify now accepts USDC payments on its platform, and Solana Pay plans to add additional altcoins; China launches a blockchain-powered data exchange with over 300 participating enterprises.

8/27/2023

OnlyFans Purchased $20 Million of ETH

Tether (USDT) is the world's largest stablecoin with over $66 billion in market capitalization, despite controversies surrounding its collateral and reserve holdings.

9/5/2023

Tether’s Ardoino says it’s now a top buyer of US Treasury bills, holds $72.5B

Stablecoin issuer Tether has become one of the top buyers of US Treasury bills, with an exposure of $72.5 billion, ranking above several countries, according to Tether's CTO Paolo Ardoino. This highlights the relevance of USDT in emerging markets as a protection against inflation.

9/20/2023

Tether Spends $420M on GPUs for Controversial Bitcoin Miner Pivoting to AI Cloud Services

Stablecoin Tether has invested $420 million in German bitcoin miner Northern Data to gain a 20% stake and access to 10,000 Nvidia H100 GPUs, aiming to become a major cloud GPU player in the AI industry.

9/21/2023

Tether Invests in Bitcoin Miner Northern Data, Hints at AI Collaboration

Tether, the firm behind stablecoin USDT, has made a strategic investment in crypto miner Northern Data Group in support of artificial intelligence initiatives and potential collaborations involving AI, P2P communications, and data storage solutions.

9/25/2023

Tether Updates Terms to Limit Some Singapore Users After Major Crypto Money Laundering Bust

Tether has reportedly changed its terms of service, prohibiting certain customer bases, including Cake DeFi, from redeeming its stablecoin USDT in Singapore.

9/28/2023

Binance Urges European Users to Convert EUR Holdings Amid Ongoing Regulatory Troubles

Binance urges European users to convert their euros to Tether (USDT) following the loss of support from its banking partner.

10/2/2023

Two $50M Tether Transfers From Bitfinex to Treasury Raise Questions Amid Declining Stablecoin Holdings

Two transactions totaling $50 million in USDT were transferred from Bitfinex to the Tether treasury, sparking discussions in the crypto community about a potential price manipulation.

10/10/2023

Alameda Minted $38B in USDT in 2021 Despite Lacking Backing Assets, Accounting for 47% of Tether's Supply

Despite not having the equivalent assets under management, Alameda Research minted over $39.55 billion in Tether (USDT) tokens in 2021, according to on-chain data flagged by Coinbase director Conor Grogan, surpassing the total value of USDT created by the firm.

10/16/2023

Tether Freezes Nearly $1 Million in USDT Linked to Terrorist Activity

Stablecoin issuer Tether freezes addresses containing $873,000 USDT linked to illicit activity in Israel and Ukraine, collaborating with local law enforcement agencies to block the use of funds linked to terrorist financing.

Topics

Posted 9/19/2023, 11:47:25 AM

Tether Authorizes $1B in USDT to Boost Liquidity on Tron Network

Tether authorized $1B in USDT to provide liquidity for Tron network
Authorization is for inventory, not issuance; will be used for upcoming Tron requests
Tether CTO said USDT will replenish Tron network and facilitate chain swaps
Tron accounts for $42.8B circulating USDT, second only to Ethereum's $39B
Tether market cap over $83B in 2023 after minting $16B USDT this year

cointelegraph.com

Relevant topic timeline:

8/25/2023

Tether maintains $3.3B in liquidity cushion: USDT transparency report

Tether maintains a liquidity cushion of nearly $3.3 billion to provide stability and trust in its ecosystem, with reserves totaling $86.1 billion, confirming a backing of over 100%.

8/25/2023

Crypto Biz: Coinbase-Circle re-alignment, Binance fiat hurdles, and USDC at Shopify

8/27/2023

OnlyFans Purchased $20 Million of ETH

Tether (USDT) is the world's largest stablecoin with over $66 billion in market capitalization, despite controversies surrounding its collateral and reserve holdings.

9/5/2023

Tether’s Ardoino says it’s now a top buyer of US Treasury bills, holds $72.5B

9/20/2023

Tether Spends $420M on GPUs for Controversial Bitcoin Miner Pivoting to AI Cloud Services

9/21/2023

Tether Invests in Bitcoin Miner Northern Data, Hints at AI Collaboration

9/25/2023

Tether Updates Terms to Limit Some Singapore Users After Major Crypto Money Laundering Bust

Tether has reportedly changed its terms of service, prohibiting certain customer bases, including Cake DeFi, from redeeming its stablecoin USDT in Singapore.

9/28/2023

Binance Urges European Users to Convert EUR Holdings Amid Ongoing Regulatory Troubles

Binance urges European users to convert their euros to Tether (USDT) following the loss of support from its banking partner.

10/2/2023

Two $50M Tether Transfers From Bitfinex to Treasury Raise Questions Amid Declining Stablecoin Holdings

Two transactions totaling $50 million in USDT were transferred from Bitfinex to the Tether treasury, sparking discussions in the crypto community about a potential price manipulation.

10/10/2023

Alameda Minted $38B in USDT in 2021 Despite Lacking Backing Assets, Accounting for 47% of Tether's Supply

10/16/2023

Tether Freezes Nearly $1 Million in USDT Linked to Terrorist Activity