How SEC's Actions Could Impact Crypto Regulations in Hong Kong
Hong Kong lawyer Gilbert NG has discussed how the US Securities and Exchange Commission's (SEC) actions could impact the regulatory landscape in Hong Kong. NG highlighted the contrasting treatment of Binance and Tether by the SEC, which may have repercussions for Binance's operations in Hong Kong.
Tether and Lugano's Second Plan ₿ Forum to Feature New Speakers on Bitcoin and Freedom of Speech
Tether and the City of Lugano are preparing for the second annual Plan ₿ Forum, a Bitcoin conference that will feature new speakers and discussions on financial freedom, freedom of speech, and communication. The conference will take place on October 20-21, 2023, and will include prominent speakers such as Stella Assange, Gabriel Shipton, and John Noble Shipton.
Tether Named World's Most Searched Stablecoin on Google, According to Cryptomaniaks Study
According to a study by Bitcoin Cryptomaniaks casinos, Tether is the most searched stablecoin on Google. The study analyzed Google Trends data for the top 100 stablecoins listed on CoinMarketCap over a 12-month period.
Tether Pledges to Stop Lending Funds from Reserves to Restore Consumers' Faith in Crypto Market
After the FTX crypto exchange collapse, users lost trust in lending, custody, and cryptocurrency service providers. Tether has pledged to stop lending funds from its reserves to restore consumers' faith in the crypto market. Tether addressed rumors concerning its secured loans, assuring that they are fully-collateralized and backed by "extremely liquid assets."
Tether Invests in Startup Volcano Energy’s $250M Funding Round for El Salvador Bitcoin Mining Farm
Stablecoin issuer Tether has invested in Volcano Energy's first round of funding, which aims to build a bitcoin mining farm in El Salvador. The first round is worth $250 million, but it is unclear if the total funding has been raised.
Tether and Yellow Card Partner to Drive Crypto Adoption and Financial Education in Africa
Tether has partnered with Yellow Card to promote crypto education and adoption among young people in Africa, with activities including financial literacy tours and a propaganda campaign.
Tether's USDT Reaches All-Time High Market Capitalization Despite Shrinking Stablecoin Market
Despite a shrinking stablecoin market, Tether's USDT has regained its previous all-time high market capitalization, reaching $83.2 billion on Thursday. This milestone is significant as it runs counter to a 14-month stablecoin market decline.
Tether's USDT Stablecoin Reaches New All-Time-High Market Cap Despite Regulatory Scrutiny and Competitor Struggles
Tether's USDT stablecoin has reached a new all-time high market cap of over $83 billion, solidifying its position as the dominant stablecoin in the market. This comes in a year where other stablecoin issuers are struggling due to regulatory issues. Binance CEO Changpang Zhao drew attention to BUSD, a Binance stablecoin issued by Paxos, which is fully regulated and capped at a $23 billion market cap. Meanwhile, competitors such as Circle's USDC have seen a decline in market cap after reaching an all-time high in June 2022, while USDT has managed to bounce back with a higher market dominance.
Tether's Market Capitalization Hits Record High of $83.2 Billion
Tether, the largest stablecoin in the market, has reached a new record high with a market capitalization exceeding $83.2 billion. The stablecoin, which is backed by reserves of cash and cash-equivalent assets, has recovered the $20 billion in market value it lost following the collapse of rival stablecoin TerraUSD last year. Tether has proven its resilience in the face of market volatility and its industry-leading transparency practices, which has resulted in customers trusting the stablecoin. Tether is used in more than 50% of all trades on centralized exchanges, and the company has recently announced plans to set up a Bitcoin mining operation in Uruguay using renewable energy.
Tether Expands Its Presence in Georgia With Investment in CityPay.io
May 31, 2023 - Tether Operations Limited (Tether), the company operating the blockchain-enabled platform tether.to that powers the first and most widely used stablecoin, announced today its increased presence in Georgia with an investment in CityPay.io, a leading payment processing company active in over 600 locations across the country including shops, hotels, restaurants and more.
