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TetherUpdate
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Tether (USDT) is Currently "Dominating" the Stablecoin Supply. Tether's USDT currently accounts for over 70% of the total stablecoin supply circulating in the market, surpassing its competitors in the year 2023.Tether (USDT) is currently "dominating" the stablecoin supply.Tether's market share in the stablecoin sector, as the company issuing USDT, has increased from 50% to 71% throughout the year 2023, according to statistics from CoinGecko.Market capitalization changes of leading stablecoins over the past year. Source: CoinGecko (January 15, 2024).The latest Tether (USDT) issuance of 1 billion USD occurred on January 12, further propelling the market capitalization of this stablecoin to a new record, approaching the 100 billion USD mark in just one year. This figure even surpasses the GDP of countries like Guatemala and Bulgaria.Meanwhile, Tether's primary competitor, Circle, the issuer of the USDC coin, has recently filed for an IPO with the SEC. Circle currently has 27 billion tokens in circulation and started 2023 with a total of 48 billion USDC.Additionally, leveraging a periodic profit allocation strategy, Tether's Bitcoin investment portfolio is currently valued at around 3 billion USD as of January 4, 2024, continuing to be a significant source of income for the company.Tether has recently undergone internal personnel changes, with longtime CTO Paolo Ardoino being promoted to the position of CEO, replacing Jean-Louis van der Velde at the end of the past year. In his new role, Ardoino is working to foster closer ties between Tether and U.S. law enforcement agencies, demonstrated by several instances of collaboration, including freezing wallets on the U.S. Office of Foreign Assets Control (OFAC) sanctions list and seizing over 435 million USD in illicit funds.#TetherUpdate #dyor

Tether (USDT) is Currently "Dominating" the Stablecoin Supply.

Tether's USDT currently accounts for over 70% of the total stablecoin supply circulating in the market, surpassing its competitors in the year 2023.Tether (USDT) is currently "dominating" the stablecoin supply.Tether's market share in the stablecoin sector, as the company issuing USDT, has increased from 50% to 71% throughout the year 2023, according to statistics from CoinGecko.Market capitalization changes of leading stablecoins over the past year. Source: CoinGecko (January 15, 2024).The latest Tether (USDT) issuance of 1 billion USD occurred on January 12, further propelling the market capitalization of this stablecoin to a new record, approaching the 100 billion USD mark in just one year. This figure even surpasses the GDP of countries like Guatemala and Bulgaria.Meanwhile, Tether's primary competitor, Circle, the issuer of the USDC coin, has recently filed for an IPO with the SEC. Circle currently has 27 billion tokens in circulation and started 2023 with a total of 48 billion USDC.Additionally, leveraging a periodic profit allocation strategy, Tether's Bitcoin investment portfolio is currently valued at around 3 billion USD as of January 4, 2024, continuing to be a significant source of income for the company.Tether has recently undergone internal personnel changes, with longtime CTO Paolo Ardoino being promoted to the position of CEO, replacing Jean-Louis van der Velde at the end of the past year. In his new role, Ardoino is working to foster closer ties between Tether and U.S. law enforcement agencies, demonstrated by several instances of collaboration, including freezing wallets on the U.S. Office of Foreign Assets Control (OFAC) sanctions list and seizing over 435 million USD in illicit funds.#TetherUpdate #dyor
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Tether report that they are fully regulated. - The Company continues to diligently assist U.S. law enforcement and regulatory agencies. - Tether actively blocks citizens on the sanctions list (SDN) and involved in money laundering (OFAC). - Determined to actively assist the US DOJ, their secret service, and the FBI. #TetherTreasury #Tether #TetherUpdate #Regulation #Regulations
Tether report that they are fully regulated.

- The Company continues to diligently assist U.S. law enforcement and regulatory agencies.
- Tether actively blocks citizens on the sanctions list (SDN) and involved in money laundering (OFAC).
- Determined to actively assist the US DOJ, their secret service, and the FBI.

#TetherTreasury #Tether #TetherUpdate #Regulation #Regulations
"UN Identifies USDT as Prime Tool for Scams and Money Laundering"Tether says it is disappointed with the UN’s analysis for focusing on risks associated with USDT while ignoring the token’s benefits in developing economies. Read more on: https://thecryptobasic.com/2024/01/16/tether-reacts-as-un-highlights-usdt-as-preferred-payment-method-for-scams-and-money-laundering/ #TetherUpdate #TetherTreasury #cryptocurrecny #CryptoNetworking #CryptoNews🔒📰🚫

"UN Identifies USDT as Prime Tool for Scams and Money Laundering"

Tether says it is disappointed with the UN’s analysis for focusing on risks associated with USDT while ignoring the token’s benefits in developing economies.
Read more on: https://thecryptobasic.com/2024/01/16/tether-reacts-as-un-highlights-usdt-as-preferred-payment-method-for-scams-and-money-laundering/
#TetherUpdate #TetherTreasury #cryptocurrecny #CryptoNetworking #CryptoNews🔒📰🚫
#TetherUpdate Tether, the largest stablecoin USDT , has launched a new official recovery tool. This tool aids in moving USDT holdings between blockchains smoothly, reducing potential disruptions caused by blockchain interruptions. It guarantees uninterrupted access to USDT for its wide user base. The recovery tool provides users with a streamlined process to initiate the migration of USDT from affected blockchains. Through a user-friendly interface, individuals can verify ownership of their addresses on the unresponsive blockchain and designate a recipient address on another supported blockchain.
#TetherUpdate
Tether, the largest stablecoin USDT , has launched a new official recovery tool. This tool aids in moving USDT holdings between blockchains smoothly, reducing potential disruptions caused by blockchain interruptions. It guarantees uninterrupted access to USDT for its wide user base.
The recovery tool provides users with a streamlined process to initiate the migration of USDT from affected blockchains. Through a user-friendly interface, individuals can verify ownership of their addresses on the unresponsive blockchain and designate a recipient address on another supported blockchain.
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JUST IN: USDT HITS 100 BILLIONS M.CAP 🤯 USDT's market cap serves as a clear indicator of interest in the crypto market. As interest grows, cryptocurrency values rise accordingly, giving valuable cues on when to enter or exit the market! TETHER - USDT Since its launch in 2014, Tether (USDT) has emerged as a dominant stablecoin, boasting significant trading volume. Unlike the price fluctuations typical of cryptocurrencies such as Bitcoin, Tether strives for stability by mirroring the value of the US dollar IS TETHER TRUSTWORTHY? In the past, Tether's communications regarding its reserves fell short in terms of clarity and transparency, resulting in a prolonged period of doubt and distrust surrounding the stablecoin's reserve composition. In spite of these concerns, Tether remains heavily utilized and has successfully retained its dominance as a leading stablecoin. This ongoing adoption suggests that despite uncertainties surrounding its complete collateralization, the crypto trading community persists in valuing its stability and liquidity #USDTDaily #TetherTreasury #TetherUpdate #MarketIndicators
JUST IN: USDT HITS 100 BILLIONS M.CAP 🤯

USDT's market cap serves as a clear indicator of interest in the crypto market. As interest grows, cryptocurrency values rise accordingly, giving valuable cues on when to enter or exit the market!

TETHER - USDT
Since its launch in 2014, Tether (USDT) has emerged as a dominant stablecoin, boasting significant trading volume. Unlike the price fluctuations typical of cryptocurrencies such as Bitcoin, Tether strives for stability by mirroring the value of the US dollar

IS TETHER TRUSTWORTHY?
In the past, Tether's communications regarding its reserves fell short in terms of clarity and transparency, resulting in a prolonged period of doubt and distrust surrounding the stablecoin's reserve composition.
In spite of these concerns, Tether remains heavily utilized and has successfully retained its dominance as a leading stablecoin. This ongoing adoption suggests that despite uncertainties surrounding its complete collateralization, the crypto trading community persists in valuing its stability and liquidity

#USDTDaily #TetherTreasury #TetherUpdate #MarketIndicators
💲Tether’s USDT stablecoin hits historic $100B market cap. 🔰Crypto stablecoin Tether (USDT $1.00) has crossed an all-time high market capitalization of $100 billion, posting a 9% year-to-date growth and furthering the gap between its next-largest rival, USD Coin (USDC $1.00). 🔰It’s over $71 billion ahead in market cap compared to its closest stablecoin rival, USDC, issued by Circle, which has also seen its market cap grow this year. #TrendingTopic #TetherUpdate #PIXEL #APT #SHIB $USDC
💲Tether’s USDT stablecoin hits historic $100B market cap.
🔰Crypto stablecoin Tether (USDT $1.00) has crossed an all-time high market capitalization of $100 billion, posting a 9% year-to-date growth and furthering the gap between its next-largest rival, USD Coin (USDC $1.00).
🔰It’s over $71 billion ahead in market cap compared to its closest stablecoin rival, USDC, issued by Circle, which has also seen its market cap grow this year.
#TrendingTopic #TetherUpdate #PIXEL #APT #SHIB $USDC
📈 Why is Tether (USDT) Trending? 👔 Tether CEO Paolo Ardoino announced that the company's stablecoin USDT has reached a significant market capitalization of $91.5 billion. This surge underscores the growing prominence of the stablecoin in the cryptocurrency market. Ardoino attributes this success to the team's unwavering commitment to innovation and responsiveness to community feedback. 💼 Diverse Investments and Collaborations by Tether 🚀 Tether's expansion goes beyond its operations with stablecoins. Ardoino introduced a portfolio of diverse investments, including projects like Holpunch, Synonym, Northern Data, and Tether Energy. These ventures represent the company's ambitious foray into peer-to-peer technologies, Bitcoin product accessibility, artificial intelligence infrastructure, and Bitcoin mining. 🔐 Additionally, Tether has strengthened its commitment to compliance and security. The company collaborates with key U.S. government agencies, including the Secret Service and the FBI. This collaboration aims to combat crime and contribute to creating a safer financial ecosystem, reinforcing Tether's commitment to responsible management in the digital currency space. 🔮 Looking Ahead to 2024 🚀 Looking into the future until 2024, Paolo Ardoino hinted at the launch of innovative products and the improvement of existing offerings. This forward-thinking approach signifies Tether's ongoing commitment to innovation and growth, promising exciting developments in the digital currency sector. 🌐 Notably, these recent achievements and future plans highlight the dynamic development of the company in the world of digital currencies. From reaching a new record market capitalization to participating in various innovative projects and strengthening partnerships with law enforcement agencies, Tether sets a benchmark in the industry. Anticipation for new projects in 2024 intensifies excitement, demonstrating the issuer's relentless pursuit of excellence and innovation. #TetherUpdate #Cryptocurrrency #TrendingTopicChallenge
📈 Why is Tether (USDT) Trending?

👔 Tether CEO Paolo Ardoino announced that the company's stablecoin USDT has reached a significant market capitalization of $91.5 billion. This surge underscores the growing prominence of the stablecoin in the cryptocurrency market. Ardoino attributes this success to the team's unwavering commitment to innovation and responsiveness to community feedback.

💼 Diverse Investments and Collaborations by Tether

🚀 Tether's expansion goes beyond its operations with stablecoins. Ardoino introduced a portfolio of diverse investments, including projects like Holpunch, Synonym, Northern Data, and Tether Energy. These ventures represent the company's ambitious foray into peer-to-peer technologies, Bitcoin product accessibility, artificial intelligence infrastructure, and Bitcoin mining.

🔐 Additionally, Tether has strengthened its commitment to compliance and security. The company collaborates with key U.S. government agencies, including the Secret Service and the FBI. This collaboration aims to combat crime and contribute to creating a safer financial ecosystem, reinforcing Tether's commitment to responsible management in the digital currency space.

🔮 Looking Ahead to 2024

🚀 Looking into the future until 2024, Paolo Ardoino hinted at the launch of innovative products and the improvement of existing offerings. This forward-thinking approach signifies Tether's ongoing commitment to innovation and growth, promising exciting developments in the digital currency sector.

🌐 Notably, these recent achievements and future plans highlight the dynamic development of the company in the world of digital currencies. From reaching a new record market capitalization to participating in various innovative projects and strengthening partnerships with law enforcement agencies, Tether sets a benchmark in the industry. Anticipation for new projects in 2024 intensifies excitement, demonstrating the issuer's relentless pursuit of excellence and innovation.

#TetherUpdate #Cryptocurrrency #TrendingTopicChallenge
⚡️ Paolo Ardoino, the CEO of Tether , announced the launch of 5 new projects in 2024! This comes as the company has reached an ATH market cap for #USDT , minting more than $4B in the last 4 weeks 📈 🧐 Do you think #Tether will conquer the #Crypto industry in 2024? #TetherUpdate #CryptoNews🔒📰🚫
⚡️ Paolo Ardoino, the CEO of Tether , announced the launch of 5 new projects in 2024!

This comes as the company has reached an ATH market cap for #USDT , minting more than $4B in the last 4 weeks 📈

🧐 Do you think #Tether will conquer the #Crypto industry in 2024?

#TetherUpdate #CryptoNews🔒📰🚫
#TetherUpdate : Hitting the grey resistance area. Still at the Decisive point. A successful close above the same could take us to the mid-30k as said earlier while a rejection would mean we bounce from here this is applicable for both BTC and Altcoins. #cryptocurrecny #ALT #BTC #Launchpool
#TetherUpdate : Hitting the grey resistance area.
Still at the Decisive point.
A successful close above the same could take us to the mid-30k as said earlier while a rejection would mean we bounce from here this is applicable for both BTC and Altcoins.

#cryptocurrecny #ALT #BTC #Launchpool
In spite of a declining market share, Tether has announced an impressive profit of $4.52 billion in the first quarter.🚀😲 Tether (USDT), the stablecoin issuer, recorded an impressive net profit of $4.52 billion in the initial quarter, even though experiencing a notable decline in market dominance. As per the audit report disclosed to CryptoSlate, the company's substantial earnings primarily stemmed from its holdings in the US Treasury, along with profits from its investments in Bitcoin and gold.. #buythedip #TetherTreasury #TetherUpdate #BullorBear #BTC
In spite of a declining market share, Tether has announced an impressive profit of $4.52 billion in the first quarter.🚀😲

Tether (USDT), the stablecoin issuer, recorded an impressive net profit of $4.52 billion in the initial quarter, even though experiencing a notable decline in market dominance. As per the audit report disclosed to CryptoSlate, the company's substantial earnings primarily stemmed from its holdings in the US Treasury, along with profits from its investments in Bitcoin and gold..

#buythedip #TetherTreasury #TetherUpdate
#BullorBear #BTC
Tether reports record $4.52 billion profit in Q1 despite shrinking market share Stablecoin issuer Tether (USDT) achieved a historic net profit of $4.52 billion in the first quarter despite facing a significant drop in market share. According to the attestation report shared with CryptoSlate, the firm’s substantial profits chiefly originated from its US Treasury holdings, supplemented by gains from its Bitcoin and gold investments. #buythedip #TetherTreasury #TetherUpdate
Tether reports record $4.52 billion profit in Q1 despite shrinking market share

Stablecoin issuer Tether (USDT) achieved a historic net profit of $4.52 billion in the first quarter despite facing a significant drop in market share. According to the attestation report shared with CryptoSlate, the firm’s substantial profits chiefly originated from its US Treasury holdings, supplemented by gains from its Bitcoin and gold investments.

#buythedip #TetherTreasury #TetherUpdate
🏅TETHER ☑️ 🌞The chart shows the largest Tether prints since the beginning of the year, displayed on the BTC-USD chart. 🌞Notably, Tether minting on the Ethereum network has a bigger price impact on BTC, than minting on Tron. #TetherUpdate
🏅TETHER ☑️
🌞The chart shows the largest Tether prints since the beginning of the year, displayed on the BTC-USD chart.

🌞Notably, Tether minting on the Ethereum network has a bigger price impact on BTC, than minting on Tron.

#TetherUpdate
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🚀🚀🚀 #USDT Supply Grows by $1 Billion as #tether Seeks to Maintain Market Stability 🚀🚀🚀 This brings the total supply of USDT to 83.6 billion tokens. The minting of new USDT tokens is a controversial practice, as it can increase the supply of the stablecoin and potentially lead to inflation. However, Tether has said that it only mints new USDT tokens when there is demand from users. In a statement, Tether said that the recent minting of USDT was "to support chain swaps." This means that the new USDT tokens were created to allow users to swap USDT between different blockchains. The minting of new USDT tokens comes at a time when the stablecoin market is facing increased scrutiny. Regulators around the world are concerned about the potential for stablecoins to be used for money laundering and other illicit activities. Tether has said that it is committed to working with regulators to ensure that USDT is compliant with all applicable laws and regulations. However, the company has also said that it will not "compromise the security and stability of USDT" in order to comply with regulations. The minting of new USDT tokens is likely to continue to be a controversial practice. However, Tether has said that it will continue to mint new USDT tokens when there is demand from users. #CryptoNews🔒📰🚫 #TetherUpdate #BinanceSquare
🚀🚀🚀 #USDT Supply Grows by $1 Billion as #tether Seeks to Maintain Market Stability 🚀🚀🚀

This brings the total supply of USDT to 83.6 billion tokens. The minting of new USDT tokens is a controversial practice, as it can increase the supply of the stablecoin and potentially lead to inflation. However, Tether has said that it only mints new USDT tokens when there is demand from users.

In a statement, Tether said that the recent minting of USDT was "to support chain swaps." This means that the new USDT tokens were created to allow users to swap USDT between different blockchains.

The minting of new USDT tokens comes at a time when the stablecoin market is facing increased scrutiny. Regulators around the world are concerned about the potential for stablecoins to be used for money laundering and other illicit activities.

Tether has said that it is committed to working with regulators to ensure that USDT is compliant with all applicable laws and regulations. However, the company has also said that it will not "compromise the security and stability of USDT" in order to comply with regulations.

The minting of new USDT tokens is likely to continue to be a controversial practice. However, Tether has said that it will continue to mint new USDT tokens when there is demand from users.

#CryptoNews🔒📰🚫 #TetherUpdate #BinanceSquare
Tether, crypto exchange OKX, and the United States Department of Justice (DOJ) have collaborated in the freezing of 225 million USDT associated with an international human trafficking syndicate in Southeast Asia responsible for a global “pig butchering” romance scam #TetherUpdate #OKXNews #DOJ #Crypto #CryptoNews🔒📰🚫
Tether, crypto exchange OKX, and the United States Department of Justice (DOJ) have collaborated in the freezing of 225 million USDT associated with an international human trafficking syndicate in Southeast Asia responsible for a global “pig butchering” romance scam
#TetherUpdate #OKXNews #DOJ #Crypto #CryptoNews🔒📰🚫
⚡️ JUST IN: #Tether completes SOC 2 Type 1 audit, marking an initial phase in security compliance. The audit, governed by AICPA standards, reviews Tether's IT and data protection measures. Tether plans for SOC 2 Type 2 certification in 2024/25 and commits to annual audits. #usdt‏ #TetherUpdate #TrendingTopic
⚡️ JUST IN: #Tether completes SOC 2 Type 1 audit, marking an initial phase in security compliance.

The audit, governed by AICPA standards, reviews Tether's IT and data protection measures.

Tether plans for SOC 2 Type 2 certification in 2024/25 and commits to annual audits.

#usdt‏ #TetherUpdate #TrendingTopic
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Tether CEO Clarifies $1B USDT Minting on Ethereum Paolo Ardoino, Tether's CEO, addressed the recent $1 billion USDT minting on Ethereum. He explained that it's for inventory replenishment, authorized but not yet issued, to meet future issuance requests and chain swaps. This underscores Tether's commitment to liquidity and smooth transactions in the digital asset realm. #USDT #tether #TetherUpdate
Tether CEO Clarifies $1B USDT Minting on Ethereum
Paolo Ardoino, Tether's CEO, addressed the recent $1 billion USDT minting on Ethereum.
He explained that it's for inventory replenishment, authorized but not yet issued, to meet future issuance requests and chain swaps. This underscores Tether's commitment to liquidity and smooth transactions in the digital asset realm.
#USDT #tether #TetherUpdate
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Massive #USDT Minting: Tether Treasury Injects $1 Billion on Ethereum Blockchain
In a significant move that could impact the crypto market, the Tether Treasury has just minted a whopping 1,000,000,000 USDT (equivalent to $999,450,000 USD) on the #Ethereum blockchain.

This substantial injection of liquidity underscores #Tether's ongoing efforts to meet the growing demand for stablecoins within the crypto ecosystem. The newly #minted USDT tokens are poised to enhance liquidity and facilitate various trading activities across decentralized exchanges (DEXs) and other platforms.

Transaction hash 👇
0x483b089df7cdadaa5c0a816e8197319c67c24f3a86ddea7bd001425ecd80fed3
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WHY USDT AND TON PARTNERSHIP IS SO BULLISH? 🔥🤔👇 Tether (USDT) has recently started a partnership with the TON Foundation that includes the creation and injection of $60 million worth of USDT into the TON blockchain. Basically this partnership will make it easier for people who wants to use USDT for cross border payments (e.g. through telegram). This Tether's expansion to different blockchains will also reduce fees. In fact, when Tether is too concentrated on a single blockchain, like Ethereum, the high demand can lead to increased network congestion and thus to higher transaction fees. Instead, if you spread/integrate USDT across many blockchains, you alleviate the pressure on the single blockchain and thus reducing transactions fees for users! In my opinion, the Tether's move, outlines its dedication to deliver utility to its stablecoin. Overall, I find this partnership bullish because it promotes adoption (increased demand for the stablecoin), liquidity (more trading volume and market activity) and commitment to innovation (more confidence among investors and users, thus better positive market sentiment)! STAY TUNED!🔥& Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝 #TetherUpdate #CryptoNewsFlash #StablecoinRevolution
WHY USDT AND TON PARTNERSHIP IS SO BULLISH? 🔥🤔👇

Tether (USDT) has recently started a partnership with the TON Foundation that includes the creation and injection of $60 million worth of USDT into the TON blockchain. Basically this partnership will make it easier for people who wants to use USDT for cross border payments (e.g. through telegram). This Tether's expansion to different blockchains will also reduce fees. In fact, when Tether is too concentrated on a single blockchain, like Ethereum, the high demand can lead to increased network congestion and thus to higher transaction fees. Instead, if you spread/integrate USDT across many blockchains, you alleviate the pressure on the single blockchain and thus reducing transactions fees for users! In my opinion, the Tether's move, outlines its dedication to deliver utility to its stablecoin. Overall, I find this partnership bullish because it promotes adoption (increased demand for the stablecoin), liquidity (more trading volume and market activity) and commitment to innovation (more confidence among investors and users, thus better positive market sentiment)!

STAY TUNED!🔥& Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝

#TetherUpdate #CryptoNewsFlash #StablecoinRevolution
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