This time, Tether is working to launch a stablecoin tied to the United Arab Emirates dirham (AED). The new dirham-pegged stablecoin will be built on The Open Network (TON), a blockchain known for its speed and efficiency.

TL;DR Tether has seen a surge in usage across EMEA time zones amid growing attention from US regulators. Increased adoption of USDT has been seen in sanctioned countries such as Russia and Iran, facilitating transactions amid banking restrictions.

Tether is launching its Dirham-pegged stablecoin on TON Blockchain, according to Alessandro Giori, senior strategic partnership manager at Tether. The post Tether to Launch Its Dirham-Pegged Stablecoin on TON Blockchain appeared first on Cryptonews.

This week, BeInCrypto noted strong investor interest in key events: Bitcoin ETFs crossing the 1 million BTC mark, insider trading allegations involving MrBeast, and suspected manipulation on Polymarket related to Trump.

Tether (USDT) is still widely used globally, with a focus on developing markets. The activity in the EMEA region raises concerns about terrorism financing, scams, and circumventing controls and sanctions.

Tether's third-quarter attestation for 2024, led by auditor BDO, highlights record profit levels, reserve expansion, and substantial U.S. Treasury holdings. Tether's Q3 Performance Ranks Among Top U.S. Treasury Holders In its latest attestation, Tether Holdings Limited reports a third-quarter net profit of $2.5 billion, pushing its nine-month consolidated profit to $7.7 billion.

Tether's senior strategic partnership manager, Alessandro Giori, said that TON is the fastest blockchain to reach 1 billion USDT since its launch.

TL;DR Tether reports a record-breaking $2.5 billion profit for Q3 2024, bringing its cumulative profit for the year to $7.7 billion, driven by growing demand for stablecoins. The circulating supply of USDT reaches an all-time high of nearly $120 billion, a 30% increase in 2024, underscoring Tether's dominant position in the stablecoin market.

Tether, the issuer of the leading stablecoin USDT, is one of the most profitable companies in the crypto industry. Tether is also the 18th largest holder of US Treasury bonds, surpassing three significant economies in Q3 2024.

Tether Holdings Limited (BVI), the issuer of the stablecoin USDT, has announced strong Q3 2024 financial results, driven by a combination of investment gains and rising demand for its digital dollar.

Tether reported $2.5 billion in Q3 2024 profits, mainly from Treasury yields and gold appreciation, while maintaining over $125 billion in reserves against $119.4 billion in liabilities.

Tether reported several all-time-highs in its third quarter of 2024 report, including the company's total assets, group equity and cumulative profit. According to a Q3 report published on Oct. 31, the stablecoin issuer's net profit reached $2.

Tether Holdings, the company that issues the largest stablecoin USDT, reported net profit of $2.5 billion in the third quarter of the year, bringing year-to-date profit to $7.7 billion. The company also said it has over $6 billion in excess reserves.

Tether, the company that manages the USDt stablecoin, has bought 7,100 bitcoin during the third quarter according to a statement.

Stablecoin giant Tether has announced record profits of $2.5 billion for the third quarter of 2024, taking its year-to-date earnings to an astonishing $7.7 billion.

A reserve buffer of over 6 billion dollars and significant strategic investments mark a new era of stability and growth for Tether.

Aptos Foundation has teamed up with SK Telecom to bring Tether's USDT stablecoin to T wallet.

Tether's Q3 2024 report reveals $7.7 billion nine-month profits, $102.5 billion U.S. Treasury holdings, and a $6 billion reserve buffer, highlighting its financial strength.

Tether on Thursday reported $2.5b Q3 net profit, pushing its 2024 earnings to $7.7b and USDT circulation to nearly $120b. The post Tether Reports Strong Q3 with $2.5B Profit, US Treasury Holdings Top $100B appeared first on Cryptonews.

Tether reported substantial profits in Q3 2024, with a net profit of $2.5 billion.

Tether has posted a record-breaking $2.5 billion in profits for the third quarter of 2024, boosting its consolidated earnings this year to $7.7 billion.

Tether Limited reported $2.5 billion in net profit for the third quarter. bringing its year-to-date gains to a record-breaking $7.7 billion.

Tether Limited reported $2.5 billion in net profit for the third quarter, bringing its year-to-date profits to a record-breaking $7.7 billion. The firm's strong third-quarter numbers were primarily boosted by its gold holdings, which amount to roughly $5 billion, recording $1.1 billion in unrealized profit.

Tether released its attestation report for the third quarter of this year, showing that the stablecoin issuer again recorded a net profit in the last quarter thanks mainly to its exposure to US treasuries and gold. This continues the company's hot streak, having recorded net profits in the first and second quarters of the year.

In its latest attestation report, Tether said it had registered $7.7 billion in profit through the first nine months of 2024.

Tether's consolidated profit in 2024 has reached $7.7 billion, with $14.2 billion in equity and total assets of $134.4 billion.

Tether, the leading stablecoin issuer, recorded a net profit of $2.5 billion in the third quarter of 2024, according to the recently released attestation report prepared by accounting firm BDO.

The company's flagship stablecoin USDT is the third-largest cryptocurrency with a $120 billion market capitalization.

Tethers USDT hits record $120B in circulation as it grows Bitcoin and gold reserves. The post Tether increases Bitcoin and gold reserves in latest Q3 report appeared first on Crypto Briefing.

If you need to sell Tether USDT for Euro cash in Marbella, Spain, use the usual electronic exchange mode. Such services can have several significant translations: These advantages will work with online exchangers, making them the best choice for more customers.

Uniswap joined Aptos as an underperformer, declining 3.9%

A South American nation is paving its way to becoming a leader in cryptocurrency adoption. Bolivia, known for its rich cultural heritage, is making strides in the digital currency space as one of its prominent banks, Banco Bisa, has launched a custody service for Tether's stablecoin, USDT.

It's been a busy week for Tether, as the company announced that it had authorized the minting of another 1 billion USDT tokens, pushing the total number of minted tokens to $33 billion in the last year. According to blockchain data, the additional tokens were minted on the Tron network and immediately sent to the company's treasury wallet.

In a bold expansion, Donald Trump's crypto venture, World Liberty Financial (WLFI), is reportedly planning to develop its own stablecoin—a USD-backed digital asset aimed at creating stability in the volatile crypto space.

Tether, the issuer of the widely used stablecoin USDT, has found itself at the center of controversy and scrutiny. Allegations surfaced regarding potential ties to illegal activities and sanctioned entities, raising eyebrows in the financial community.

USDT is now live in the Aptos blockchain. This shift can change the concepts of cheap and immediate international payments.

A South American nation is traversing the path toward becoming a champion in cryptocurrency in the region. Related Reading: Memecoins Thrived Under SEC's ‘Oppressive Regime,' Crypto Analyst Says Bolivians now have the opportunity to invest in digital currency as one of the country's leading financial institutions introduced a custody service dedicated to Tether's stablecoin, USDT.

Binance introduces the Futures Present Promotion, allowing users to share Futures positions and earn from a 12,000 USDT reward pool. The promotion runs from October 30 to November 12, 2024.

It looks increasingly like cryptocurrencies are going to be winners no matter who prevails in next week's presidential election.

The service in Bolivia will be available for customers to transfer funds abroad and facilitate payments for family members studying overseas.

The Aptos (APT) price currently reflects a moderate trend, with mixed signals suggesting both potential growth and caution. Recent technical indicators show that while buying pressure slightly outweighs selling, the strength of the trend is not yet firmly established.

Tether, the issuer of the popular stablecoin USDT, has made a significant move to fortify its reserves by adding over 82,000 Bitcoin (BTC) to its holdings. This addition, which amounts to approximately $5.58 billion, is part of Tether's broader strategy to enhance the stability of USDT and bolster transparency regarding its financial backing.

Rumors have been circulating that Tether may be the subject of a federal investigation.

Tether chief executive Paolo Ardoino is updating the quantity of Bitcoin (BTC) and other assets that the stablecoin issuer currently holds on its balance sheet. In a post on the social media platform X, Ardoino says Tether now holds over 82,000 Bitcoin, a stash worth approximately $5.8 billion at the prevailing BTC price.

Aptos just announced that USDT is now natively available in its ecosystem. This comes at a time when APT is starting to show signs of a potential major move.

As Bitcoin ($BTC) prepares to take out its all-time high, the rest of the cryptocurrency market is generally sitting back and watching developments. However, two altcoins are timing their runs to coincide with the Bitcoin surge, and they are $SUI and $APT.

Bolivia-based Banco Bisa has begun offering Tether stablecoin USDT custody. Customers can now buy, sell, and trade USDT through the bank, making Bolivia one of the first countries to embrace crypto.