Tether mints $1B USDT on Ethereum, total for November reaches $16B

#Tether has minted an additional $1 billion $USDT on the #Ethereum $ETH #blockchain , bringing its total minting for November to $16 billion. Tether's expanding supply continues to dominate the #stablecoin market, with #USDT market capitalization rising by 10.5% to $133 billion, securing a 69.9% share of the market.

⚡️ TODAY: #Tether mints another $1B $USDT on #Ethereum bringing the total to $16B this month.

Just In: #Tether minted $1B $USDT on the #Ethereum Network an hour ago.

This month, #Tether has minted a total of $18 billion $USDT.

🚀 Crypto Shake-Up: Hacks, Records, and Major Moves!

Catch up on the latest developments shaping the crypto world! From exchange hacks to record-breaking DeFi volumes, here are today’s top stories impacting Bitcoin, blockchain, and beyond:

🔶 XT.com Suspends Withdrawals After Suspected $1.7M Hack

🔸 Cryptocurrency exchange XT.com, with a daily trading volume of $3.4 billion, halted withdrawals following a suspected $1.7 million hack.
🔸 Blockchain security firm PeckShield flagged the issue, reporting that stolen funds were swapped for 461.58 Ether and transferred to an Ethereum address.
🔸 XT.com acknowledged an “abnormal transfer of platform wallet assets” and cited “wallet upgrade and maintenance” as the reason for the suspension.

🦄 Uniswap Hits Record $38B Monthly Volume on Ethereum L2s

🔹 Uniswap saw unprecedented volume in November across Ethereum layer-2 networks like Base, Arbitrum, and Optimism.
🔹 This $38 billion milestone surpasses its previous high by $4 billion, fueled by increasing demand for DeFi assets and stablecoins.
🔹 Henrik Andersson of Apollo Crypto notes this surge aligns with the “DeFi renaissance” and rising ETH/BTC momentum, signaling possible outperformance for Ethereum-based ecosystems.

💵 Tether Drops EURt Stablecoin Amid Regulatory Challenges

◾ Tether has ceased minting its euro-pegged EURt stablecoin, aiming to phase it out entirely by November 2025.
◾ CEO Paolo Ardoino stated the decision was influenced by Europe’s “evolving” regulatory environment and the need for a more supportive framework.
◾ Tether will now focus its efforts on USDT, prioritizing stability and innovation in the face of systemic banking risks.

💬 What do you think of today’s events? Are these signs of growth or growing pains for the crypto industry? Share your views below!

#CryptoNews #DeFi #Uniswap #Tether #binancesquare $UNI $ETH

#MarketInTheGreen

Tether's $5B minting spree over 72 hours has sparked both excitement and concern in the crypto market! As USDT floods the market, Bitcoin's price speculation heats up. But questions remain over Tether's transparency, reserves, and regulatory oversight, especially with Cantor Fitzgerald's involvement.

Some see this as bullish for Bitcoin, while others worry about market destabilization. What does the future hold for Tether and the crypto space?

#Tether #USDT #Bitcoin #Cryptomarket

$BTC Tether is being used on a massive scale by large scale drug traffickers, to the point where Tether is sold cheaper in Mexico due to its links to drugs, according to court records reviewed. #Tether could be in trouble like $LUNA in coming days. #BinanceSquareFamily $XRP #doge⚡

Tether’s recent minting spree has sparked discussions on its impact on the crypto market. A surge in USDt supply can boost liquidity, reduce volatility, and potentially drive up Bitcoin prices as more stablecoin funds enter the market. As Tether bridges traditional finance and crypto, its role remains crucial, but risks linger. A loss of trust or sudden value drop could destabilize the market. Stay informed and make cautious investment decisions as the landscape evolves.

#Tether #USDT #Bitcoin $BTC #CryptoMarketMadness

#Tether has recently minted $3 billion in USDt, marking a significant liquidity boost for the cryptocurrency market. This move is likely contributing to Bitcoin's recent surge, as it provides traders and investors with a stable asset for transactions.

According to Arkham Intelligence, $2 billion in #USDt was created on the Ethereum blockchain, while another $1 billion was generated on the Tron network. Since November 8, 2024, Tether has issued approximately $13 billion in USDt. Tether's CEO, Paolo Ardoino, emphasized the need for "hyper-productivity" in 2025 to achieve their ambitious goals.

As a leading stablecoin, Tether plays a crucial role in the crypto ecosystem by offering liquidity and stability. The recent minting enhances market conditions, making it easier for traders to buy and sell Bitcoin, potentially driving up its price due to increased demand.

Tether's presence encourages more investors to enter the crypto space, providing a familiar and stable asset that can help stabilize the market during volatile periods. This development is essential for the growth and adoption of cryptocurrencies.

In summary, Tether's $3 billion USDt minting is a pivotal event that could further fuel Bitcoin's rise, highlighting the important relationship between stablecoins and volatile assets in the evolving digital finance landscape. #BTC #bitcoin $BTC

Read more on www.ecoinimist.com.

#Tether minted $3 billion USDt tokens on Nov 23: $2B on Ethereum, $1B on Tron.
Since Nov 8, Tether has issued $13B $USDt 👀
#USDT

Headlines for the Day 🚨

1️⃣#Solana ETFs could debut by 2025 as regulatory optimism grows.

2️⃣Michael Saylor's #MicroStrategy" has over $3 billion to purchase more #Bitcoin❗ .

3️⃣Cantor Fitzgerald agreed to acquire 5% stake in #Tether for up to $600 million: Report

4️⃣🇦🇺 Australia begins consultation on #OECD crypto reporting framework.

5️⃣#Ethereum futures open interest hits new all-time high of over $20 billion, signalling bullish momentum: #CryptoQuant

Tether mints 2 Billion USDT on Ethereum blockchain for future issuance

#Tether has minted 2 billion #USDT on the #Ethereum #blockchain , a move highlighted by CEO Paolo Ardoino. He clarified that the minting represents an authorized transaction, but the $USDT is not yet issued. This minted amount will serve as inventory for future issuance requests and exchanges on the blockchain.

#Tether is manipulating exchanges with free USDTs . #American prosecutors should investigate this.

Breaking:” Tether just minted another 1B $USDT!

#Tether has minted 10B $USDT since Nov 8!

Follow #wendy for the latest updates 😉

#Solana Close to Overtaking #Tether 🚀

If $SOL reaches $276, it will pass $USDT to become the 3rd largest cryptocurrency by market cap.

📊
 Current Rankings:
#3 USDT: $130.7 Billion
#4 SOL: $124.7 Billion

Solana only needs $5 Billion more in market cap to take the 3rd spot.

#SOL is making big moves—watch closely.

#CryptoPatel

Fellow traders, you are on the verge of a historic moment. The next BULL RUN is coming soon, and it will be bigger and better than ever. You have the opportunity to be part of a revolutionary movement that will change the world. Don’t let fear or doubt stop you from achieving your dreams. Be brave, be smart, and be ready to ride the wave of crypto success. We've got this! 💯

#tia #Tether #BTC #sol #BinanceSquare

#Stablecoins issuer #Tether released its latest attestation report on Thursday, reporting a profit of $700 million in the fourth quarter of 2022, which it says is additional to its reserves.

#crypto2023 #Binance #BNB

✴ Despite the growing adoption of stablecoins in 2022,#Tether had a somewhat difficult year.Over the past year,Tether has seen more concerns raised about its reserves and its solvency following the collapse of Terra UST in May and the FTX crypto exchange in November
#crypto2023

Tether nears 50% of stablecoin market, highest in 14 months

#Tether #Wealthytalkz

#Tether is injecting billions into the market.

This is super bullish for #BTC

#Write2Earn #JUP #xrp $BTC $USDC

Tether’s holdings of BTC currently have a profit of $1.1 billion (+85%). Tether currently holds a total of 57,576 BTC ($2.4B), with a cost of $22,480 per bitcoin. Among them, 53,492 BTC were reserved before March this year, and 4,083 BTC were purchased regularly using 15% of Tether’s net profits starting in May this year
#BTC #Tether