, the most popular stablecoin in the crypto market, has reached a new milestone in its market capitalization. According to data from CoinMarketCap, USDT's market cap is currently over $83.2 billion, which means it has recovered all of its losses since the implosion of the Terra blockchain ecosystem roughly one year ago.
USDT aims to provide stability and liquidity to the volatile crypto market, as well as a bridge between fiat and digital currencies. Recently, Tether revealed that they’re using their profits to
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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.
Source: CoinMarketCap - 🏆 290. / 63 Read more »
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.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Tether expands reach in Georgia through investment in CityPay.ioGeorgia has positioned itself as one of the most attractive nations for cryptocurrencies, enticing various crypto companies to conduct business within its borders. citypayio provides payment services to a wide range of customers, including major names like Wendys and RadissonHotels, among numerous others... Tether_to intends to enhance the payment industry in Georgia by improving efficiency and convenience.
Source: Cointelegraph - 🏆 562. / 51 Read more »