Tether CEO: Tether does not choose to use a certain blockchain, but supports many different blockchains
Tether CEO Paolo Ardoino stated on X platform that Tether does not choose which blockchain to use. Tether supports different blockchains because they are the transfer layer for USDt and other tokens.Users decide which one is most suitable for them based on factors such as support, speed, and cost. Nevertheless, Tether maintains the same functions for issuance, redemption, destruction, and freeze/unfreeze (to meet compliance requirements) on the supported blockchains.
Since October 20, 2023, Tether Treasury has minted a total of 13 billion USDT on the Ethereum and Tron networks
According to Lookonchain monitoring, TetherTreasury has minted 13 billion USDT on the Ethereum and Tron networks since October 20, 2023.
Tether mints 1 billion authorized but unissued USDT on the TRON network
Whale Alert has monitored Tether Treasury's creation of 1 billion USDT on the Tron network. Paolo Ardoino, the CEO of Tether, stated that this 1 billion USDT is a supplement to the Tron network's inventory and is an authorized but unissued transaction, meaning that this increase will be used for future issuance requests and cross-chain exchanges.
Nearly 200 million USDT transferred from Tether Treasury to unknown wallet
Whale Alert monitoring shows that at around 21:26 Beijing time, 199,800,199 USDT (199,704,795 USD) was transferred from Tether Treasury to an unknown wallet.
Tether currently holds $2.8 billion worth of Bitcoin
Tether has recently purchased 8,888 Bitcoins, increasing its total holdings to approximately 66,465 Bitcoins, which are currently worth around $2.8 billion. Tether began purchasing Bitcoin in September 2022, with an initial purchase of 33,980 BTC. Since then, the company has continued to acquire Bitcoin every quarter. Its second largest purchase was in March 2023, when it bought 15,915 BTC. According to blockchain data, the most recent purchase was at the end of the fourth quarter of 2023, when it bought 8,888 BTC, making it Tether's third largest purchase to date.
Tether partners with Rhino.Fi to support USDT cross-chain bridging
Stablecoin issuer Tether has reached a strategic partnership with DeFi bridging service provider Rhino.Fi, aiming to enhance cross-chain transactions and improve the user experience of USDT in the DeFi field. This includes seamless USDT bridging on Ethereum, Arbitrum, Optimism, zkSync, Polygon, StarkNet, Manta, Scroll, and Avalanche, with plans to expand to networks such as Tron, Base, and Solana in the future.
Tether: The United Nations completely ignores the role of USDT in helping emerging market developing economies
The United Nations Office on Drugs and Crime (UNODC) Southeast Asia and Pacific Department released a report specifically discussing the use of cryptocurrencies in illegal activities and underground banks. Tether questioned the United Nations' research on January 15th, emphasizing that the agency's analysis "ignored the traceability of USDT" and ignored its reliable records of cooperation with global law enforcement agencies.Tether stated: "The United Nations should also discuss how centralized stablecoins can improve anti-financial crime work. The United Nations' assessment singled out USDT, emphasizing its involvement in illegal activities, while ignoring its role in helping emerging market economies develop, which are completely ignored by the global financial community because providing services to these communities is not profitable for them."
Nearly 70 million USDT transferred from Binance to unknown wallet
According to Whale Alert monitoring, at 18:48:48 Beijing time, 69,999,999 USDT ($69,962,549) was transferred from Binance to an unknown wallet.
UN Report: Tether Becoming Popular Among Scammers and Money Launderers in Southeast Asia
A recent report by the UN's Office on Drugs and Crime has highlighted the increasing use of Tether, a major player in the cryptocurrency realm, by money launderers and fraudsters in Southeast Asia. The report warns of a supercharged criminal ecosystem and emphasizes the urgent need for cryptocurrency regulations. Tether's speed and irreversible transactions make it an attractive tool for criminals, posing challenges for law enforcement in tracking and recovering illicit funds. The report sheds light on the urgent need for robust cryptocurrency regulations to curb the proliferation of crypto-driven fraud.
Tether issues an additional 1 billion USDT (authorized but not yet issued)
According to Whale Alert monitoring, Tether has issued an additional 1 billion USDT.
