#USDT。 #TetherUSD #Analsis #newsdaily

Tether mints another $1B — Last time, it helped Bitcoin climb to $73K

Bitcoin has flipped its old resistance into support as USDT’s market cap continues to grow rapidly in 2024.
Tether’s USDT
USDT

the world’s largest stablecoin, has minted another $1 billion, bringing its market capitalization above $110 billion, which could catalyze Bitcoin’s
#BTC🔥🔥🔥🔥🔥

next move to new all-time highs.

Will more USDT boost Bitcoin’s price?
Tether’s treasury has minted $1 billion worth of USDT during the past 24 hours, bringing its yearly total to $31 billion.

The newly minted USDT was a big reason why Bitcoin price climbed from $27,000 to $73,000, according to a May 17 post from Lookonchain:

Tether could also directly contribute to Bitcoin’s rally. The company said it would invest 15% of its net profit in Bitcoin to diversify the stablecoin’s backing assets.

thanks

#Tether expands its reach by integrating USDT and XAUT into Telegram's TON network for global payments.
A recent collaboration between Tether and Telegram's Open Network brings forth the USDT stablecoin and Tether Gold (XAUT), both gold-backed.
Keynote speakers at Dubai's Token2049 event, Tether CEO Paolo Ardoino and Telegram's Pavel Durov, unveiled this partnership.
This move introduces Tether's stablecoins to the TON blockchain, embedding them within Telegram's expanding ecosystem.
TON now ranks as the ninth largest blockchain by market value, surpassing Dogecoin. Paolo Ardoino sees this as a stride toward Tether's vision of a decentralized global financial system, promising improved transaction ease and liquidity.
Jack Booth of the TON Foundation underscores how Tether's stablecoins can revolutionize international money transfers, bridging fiat and crypto.
With over 900 million users, Telegram's integration of Tether hints at a potential shift in international payment norms.
Previously, Telegram users relied on external services to acquire USDT. However, with this initiative, USDT on TON gains an additional transaction avenue beyond Tron.
Tether's unveiling of four new business divisions—Tether Data, Tether Finance, Tether Power, and Tether Edu—alongside the stablecoin launch aims to expand its presence in digital currency, education, renewable energy, and technology sectors.
This marks another milestone in Tether's journey toward enhancing the practicality and versatility of digital currencies for everyday financial use, aspiring to blend blockchain's benefits with traditional banking.
In the lead-up to this, Tether introduced a feature enabling USDT movement across various blockchains, enhancing functionality and user flexibility.
Tether's recent innovations and strategic alliances drive forward the integration of blockchain technology into mainstream financial operations, promising a more equitable and efficient digital economy.
#TetherOnTON #TetherUSD #Ton #writetoearn

#Venezuela looks to Tether to Bypass Sanctions. 

I appreciate a country adopting crypto, but I question how they expect to evade US sanctions using a crypto regulated by the US government. 

There's a high chance the US gov could ask Tether to freeze funds.

#USDT。 #TetherUSD

😬 A USER MISTAKENLY TRANSFERRED 499,000 USDT TO TETHER; NOW THE TOKENS ARE LOST 😬😬
It appears that the crypto user copied the wrong link and accidentally sent half a million dollars to Tether’s smart contract.

Fortunately, Tether being a centralized platform, the individual is likely to get their money back.
Imagine if they had sent ETH to an Ethereum smart contract—it wouldn't have been a laughing matter.

To avoid such mishaps:

▪ Double-check every digit in the recipient’s address when sending large sums. It's a small step that can save you big trouble.

▪ When interacting with a new wallet, start with a minimal transaction—e.g., 1 USDT—to ensure everything functions as expected.
Remember: Due to the decentralized nature of blockchains, once coins are sent to the wrong address, retrieving them is highly unlikely.
#bitcoinhalving #BinanceLaunchpool #BullorBear #Memecoins #TetherUSD

🔥 Since launching on @Ton Network on April 19, #Tether has issued $60M in $USDT, making #TON the 11th largest blockchain for Tether.

The firm also launched Tether Gold ($XAUT) on TON.

#TetherUSD #usdt #TrendingTopic

Just now, a staggering amount of 1,000,000,000 USDT (1,000,699,999 USD) has been freshly minted at the Tether Treasury.

Transaction Hash: 0xe0b8f18dc741e8957c1a8cc18fc868c505f7585a34804f9b4b95f89e0dbd70a8

As per the usual procedure, CEO Paolo Ardoino (tether_to, paoloardoino) has promptly responded, indicating that this 1 billion USDt is intended to replenish the inventory on the Ethereum Network. It's worth noting that this transaction is authorized but not yet issued, signifying that this amount will be utilized as inventory for future issuance requests and chain swaps.

#TetherUSD #TetherTreasury

Tether is restructuring to introduce new divisions beyond stablecoin development.

#TetherUSD #Megadrop #TetherUpdate #BullorBear

JUST IN:

Tether reported a $4.52 BILLION Profit for Q1, 2024.

#TetherUSD #CryptoCommunty

Tether is partnering with Chainalysis to create a customizable monitoring solution for secondary market activity, enhancing oversight of the USDT market and providing on-chain intelligence for compliance professionals.

#TetherUSD #Tether #chainalysis #CryptoWatchMay2024 #MicroStrategy

#Venezuela looks to Tether to Bypass Sanctions. 
I appreciate a country adopting crypto, but I question how they expect to evade US sanctions using a crypto regulated by the US government. 
There's a high chance the US gov could ask Tether to freeze funds.
#TetherUSD

Stablecoin Issuer Tether Invests $200 Million in Brain-Computer Interface Company.

#Fed #BinanceLaunchpool #BTC #BullorBear #TetherUSD $BTC

Hi Guys,

Tether’s $1 Billion Unbacked USDT Defended as “Authorized But Not Issued”

Tether raised eyebrows earlier this week. The stablecoin appeared to print $1 billion worth USDT without the reserves to back it up.

Seeking to quell the controversy, CEO Paolo Ardoino assured people the mint was “an authorized but not issued transaction”.

At the time of writing, there Tron held $57.8 billion authorized USDT. However, $1 billion of this was unissued, resulting in a net total of $56.8 billion.

The practice is common across the 15 blockchains that host the stablecoin. There are currently $5.4 billion authorized but not issued USDT.

Commenting on the recent issuance, Ardoino explained that “this amount will be used as inventory for next period issuance requests and chain swaps.”

$TUSD

#bitcoinhalving #Memecoins #TetherUSD #Write2Earrn #whales_game

Just now, a staggering amount of 1,000,000,000 USDT (1,000,699,999 USD) has been freshly minted at the Tether Treasury.

📌GET REWARD 𝚄𝙿𝚃𝙾 $3 𝚄𝚂𝙳𝚃/𝙿𝙴𝙿𝙴 𝙲𝙾𝙸𝙽 𝙵𝚁𝙾𝙼 𝙼𝚈 𝚃𝚆𝙾 𝙿𝙸𝙽𝙽𝙴𝙳 𝙿𝙾𝚂𝚃𝚂💰💰🎁

Transaction Hash:
0xe0b8f18dc741e8957c1a8cc18fc868c505f7585a34804f9b4b95f89e0dbd70a8
As per the usual procedure, CEO Paolo Ardoino (tether_to, paoloardoino) has promptly responded, indicating that this 1 billion USDt is intended to replenish the inventory on the Ethereum Network. It's worth noting that this transaction is authorized but not yet issued, signifying that this amount will be utilized as inventory for future issuance requests and chain swaps.
#TetherUSD #TetherTreasury #bitcoinhalving #Megadrop

Someone accidentally sent almost half a million dollars to Tether's smart contract by mistake. Since Tether is centralized, there's a good chance they'll get their money back. But if they had sent Ethereum to an Ethereum smart contract, it would've been a serious problem. To avoid this:
- Double-check the recipient's address when sending large amounts. $TAO
- When using a new wallet, start with a small transaction to make sure everything works right.
Once coins are sent to the wrong address on a blockchain, it's hard to get them back because of how decentralized it is. Stay cautious with Professor Mende! #besafe #Alert #TetherUSD #bitcoinhalvingn #USDTgift 🚨🔒

Venezuelan Oil company is considering using Crypto for Oil Sales

The Venezuelan state-run oil company “PDVSA”, is considering using Tether (USDT) for oil sales after the oil sanctions return, according to a report from Reuters.

The U.S. Treasury Department last week gave PDVSA’s customers and providers until May 31 to wind down transactions under a general license it did not renew due to a lack of electoral reforms.

The move will make it harder for the country to increase oil production and exports, as companies will have to wait for individual permits from the United States to do business with Venezuela.

#TetherUSD #CryptoNews🚀🔥 #USDT #newsdaily #NewsUpdated