PYUSD has played a role in recent growth

Market Growth: The stablecoin market has seen significant expansion recently, with PYUSD being a major contributor in the past month. News sources report growth of over $344 million in a week, with PYUSD itself growing over 40% in that timeframe.

PYUSD Isn't the Only Player: It's important to remember that established stablecoins like Tether (USDT) and USD Coin (USDC) still dominate the market. PYUSD is a newcomer but shows promise.

So, PYUSD has definitely contributed to the stablecoin market's recent growth, but it's not the sole supporter. The market is still dominated by larger players, with PYUSD being a significant new addition.

#PYUSD #Stablecoins  $BTC $ETH  $BNB #USDT。 #USDC✅

🐳 Whale Alert 🚨 reported the freezing of funds in three #wallets containing #USDT。 on the #TronBlockchain , totaling approximately $140 million! 💰❄️
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🔎 Expert Tracks Stolen #DMMBitcoin Assets

Since the beginning of July, over $35 million, stolen in the May hack of the cryptocurrency exchange DMM Bitcoin, has been laundered through the Cambodian online marketplace Huione Guarantee. This was highlighted by on-chain researcher ZachXBT.

How the hackers operated:

▪️They routed the stolen bitcoins through mixers.

▪️Exchanged them for Ethereum and Avalanche via the cross-chain liquidity protocol THORChain.

▪️Converted the assets to #USDT。 , then to Tron.

▪️Finally, the assets ended up on Huione Guarantee.

🚫 One transaction amounting to $29.6 million was blocked on July 12 when the stablecoin issuer Tether blacklisted one of the hacker's Tron wallets.

💡 #zachxbt suspects that the Lazarus Group is behind this incident due to the similarity in money laundering methods and off-chain indicators.

🔗 He also shared 538 wallets involved in the #exchange hack.
#CPI_BTC_Watch

News Updates .....

According to Forbes, Argentineans have started to store their savings in Tether (USDT) instead of the local peso currency. The reason for this is the high inflation and economic instability in the country, which makes #USDT a more attractive and stable option for preserving the value of funds. This trend emphasizes the growing role of stablecoins in countries with unstable economies.

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#USDT。

On May 14, Tether, the issuer of the stablecoin USDT, froze $5.2 million in assets linked to phishing scams. These funds were held in 12 Ethereum wallets labeled as "USDT Banned Address." SlowMist, a research firm, indicated that these addresses were used for laundering funds from phishing scams, though no additional details were provided.

Tether CEO Paolo Ardoino revealed in a post on X that the company has blocked over $1.3 billion in assets since its inception, with about $1.6 million of that amount tied to terrorist financing.

In January 2022, Tether blacklisted three Ethereum addresses containing over $150 million in USDT. In October 2022, the company froze $8.2 million in USDT on Ethereum and added 215 Ethereum-based addresses to its blacklist. By the end of 2022, Tether had frozen assets worth over $360 million. In October 2023, Tether froze $817,000 in USDT associated with terrorist activities in Ukraine and Israel, and a month later, it froze $225 million in USDT linked to romance scams.

Tether has worked with 24 law enforcement agencies from more than 40 countries and has complied with 198 requests to block wallets in the past year, and 339 requests over the past three years. Additionally, Tether has proposed implementing secondary market controls to freeze activities connected to sanctioned entities as listed by the Office of Foreign Assets Control, which includes companies or individuals controlled by or operating in sanctioned countries. #USDT。

💰 The authorized issuance of USDT on #TON has reached 180 million US dollars, making it the sixth largest blockchain in terms of USDT issuance.

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