Binance Adds New TUSD Trading Pairs As Volume of ADA and LTC Increases
Binance has announced that TrueUSD (TUSD) will have three new trading pairs on the exchange, including Litecoin (LTC), Cardano (ADA), and Binance USD (BUSD).
Tether to Mine Bitcoin with Sustainable Energy in Uruguay
Tether, the company behind the largest stablecoin, has announced its plans to mine Bitcoin using sustainable energy in Uruguay. The company aims to invest in renewable energy sources to support and promote sustainable Bitcoin mining. Uruguay is a global leader in renewable energy, with 94% of its electricity generation coming from renewable sources such as wind and solar power. Tether's CTO, Paolo Ardoino, commented that the company is leading the way in sustainable and responsible Bitcoin mining by harnessing the power of Bitcoin and Uruguay's renewable energy capabilities. Tether has not yet disclosed the name of its local partner, but described them as a licensed company.
Tether's Dominance in Stablecoin Market May Be Challenged by New Competitors and Regulatory Risks
Tether (USDT) remains the largest stablecoin in the market, with a market capitalization of over $86 billion as of May 2023. However, its dominance may be challenged by the emergence of new competitors such as USDC, a stablecoin fully backed by US dollars held in reserve by regulated financial institutions, and decentralized stablecoins like DAI.
Tether Partners with Georgian University to Educate on Blockchain and Cryptocurrency
Tether, the issuer of the stablecoin USDT, has partnered with Business & Technology University (BTU) in Georgia to promote blockchain and cryptocurrency education. The program aims to equip students with the necessary knowledge and skills to thrive in the emerging digital economy. Tether will assist in developing educational courses covering stablecoins, bitcoin, and cryptocurrencies. However, Tether has faced criticism over its lack of transparency and failure to conduct a proper audit. The emphasis on education may sound progressive and noble, but Tether's credibility remains in question.
Chinese Fentanyl Chemical Suppliers Accept Bitcoin and Tether as Payment, Says Elliptic Report
Chinese pharmaceutical chemical companies that can ship precursors for Fentanyl overseas are accepting cryptocurrencies, such as Bitcoin and Tether, as a form of payment. This was revealed in an investigative research report published by Elliptic, a blockchain analytics firm that specializes in risk management and regulatory compliance.
Tether's Supply of Dollar-Pegged Coin Reaches $83.5 Billion Amid Sleepy Crypto Market
Despite a sluggish crypto market, Tether, a stablecoin issuer, has seen its dollar-pegged coin supply reach $83.5 billion, just below its record high of $84.1 billion. This rise has occurred amidst declining trading activity and lower crypto prices, with rival USDC's supply declining from nearly $47 billion to $27.8 billion.
Tether's Market Cap Rises Despite Low Trading Volumes, Boosted by Growth on Tron Blockchain
Tether's market capitalization has almost reached its all-time high of $83.2 billion, according to CoinGecko data. However, Kaiko analysts have found that Tether's supply has increased without a corresponding increase in trading volumes. The report highlights a contrast with Circle's USDC stablecoin, which is primarily used as a trading pair.
Tether’s market cap near all-time highs, while ERC-20 token supply remains unchanged for over a year
Tether, the company behind USDT stablecoin, has seen significant growth in market capitalization, but this growth is not reflected in the Ethereum blockchain and ERC-20 tokens. Instead, Tether's growth has occurred on the Tron network, where most USDT live, amounting to $42.3 billion.
Trading with Tether's USDT Stablecoin Falls to Multi-Year Lows, Making Token's Rise in Market Cap "Questionable"
According to a report by crypto market research firm Kaiko, trading with Tether's USDT stablecoin has fallen to multi-year lows, despite its recent rise to near all-time highs in market capitalization.
Breaking: Bitcoin Payments App Strike Integrates USDT For Global Expansion
Strike, a global payment app known for its secure and fast payment solutions, has recently announced the integration of Tether (USDT) into its platform. This integration will allow users to access USDT on-ramps, off-ramps, and settlements seamlessly.
![[2025 Annual Guide] Crypto Data Engineering Guide](https://img.cointime.com/images/rWNk2dKKxkbIZHo0tclX8DsjdovJwQKo2b5kMDYP.jpg)
