Stablecoin holders, however, have flocked to USDT during this turbulent period due to its perceived safety from U.S.
regulators and banks, propelling its market share to its“Tether’s rise suggests peg stability is far more important for most stablecoin holders than issuer transparency,” Conor Ryder, an analyst at digital asset research firm Kaiko, noted in a
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Tether Expands Presence in Georgia With Investment in Payment Processing CompanyTether's expansion comes as USDT hit a record high of $83 billion market cap.
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Tether USDT market cap breaks ATH, Binance CEO points at regulatory capsIn February earlier this year, the New York Department of Financial Services (NYDFS) ordered Paxos to stop any new issuance of BUSD citing violations of security laws. .cz_binance said BUSD, a fully regulated stablecoin, was “capped” by the New York Department of Financial Services (NYDFS) at $23 billion and currently sits at a $5 billion market cap, and since then, USDT has seen tremendous growth.
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USDT Issuer Tether Ventures Into Payment Processing With Georgia Investment$USDT issuer Tether_to said it invested in Georgia-based payment processing firm citypayio as part of a new plan to invest excess profits in infrastructure, technology projects and $BTC purchases. sndr_krisztian reports
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What Is Tether? The Company Behind USDT | CoinMarketCapTether (USDT) is the OG stablecoin that started it all. This report looks into how that happened: 🔹 Tether’s recent announcement that it is buying Bitcoin. 🔹 Tether’s company structure. 🔹 Tether’s reserves and revenues.
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