Binance and the Delhi Police announced on Tuesday that they have teamed up to dismantle a large-scale renewable energy scam in India, seizing over $100,000 in USDT from fraudsters linked to a fake solar company.

In a recent collaborative effort, cryptocurrency exchange Binance partnered with Indian police to dismantle a sophisticated scam involving a fraudulent entity called “M/s Goldcoat Solar.” The scam, which falsely claimed to be part of India's renewable energy initiative, led to multiple arrests and the seizure of over $100,000 in Tether (USDT).

Fraudsters impersonated government officials to scam individuals into believing they were investing in a profitable solar power program.

Binance and the Delhi Police have dismantled a $100,000 scam, which misled investors with false claims tied to India's renewable energy initiatives.

TL;DR Tether's Strategic Shift: Tether is exploring lending opportunities in the commodities trading sector, aiming to provide quicker and more flexible funding options compared to traditional financial institutions. Addressing Financing Challenges: The initiative targets smaller commodity traders who struggle to secure credit, potentially streamlining payments and trades, and providing much-needed liquidity.

Tether, the company behind the USDT stablecoin, is exploring expansion into commodities trading and traditional finance while continuing to grow its core stablecoin business.

The firm has engaged in talks with various commodity traders about providing US dollar lending options.

The CEO Paolo Ardoino stated that it is an evaluation of opportunity.

Stablecoin USDT issuer Tether Holdings is considering lending to commodities trading firms, and the explorations are “in early stages.”

Tether Holdings Ltd. is considering lending to commodity trading firms to diversify investments and utilize profits for growth in the financial sector.

Credit lines are a lifeline for smaller commodity dealers. It is difficult for smaller companies to get the capital they need to stay in operation.

The stablecoin Tether (USDT) is considering lending to international commodities traders, especially in developing markets. Tether's high profits and existing connections may create lucrative opportunities.

Bitcoin climbs 6% to $66K, breaking past the 200-day moving average and triggering $235M in liquidations. The post Bitcoin rises 6% while whales send massive USDT inflows to Binance appeared first on Crypto Briefing.

Tether Holdings, the issuer of the USDT stablecoin, is looking to expand beyond the crypto industry and explore new ventures in traditional finance (TradFi), including potentially lending to commodities trading firms, Bloomberg News reported on Oct. 14, citing CEO Paolo Ardoino.

Tether, the issuer of USDT, the world's largest stablecoin, is exploring new ways to use its massive profits. And so the company is now looking into lending to commodity traders.

Tether Holdings Ltd, the company behind the world's largest stablecoin, USDT, is expanding its horizons by exploring lending opportunities in the commodities trading sector.

Tether, the largest stablecoin issuer, could consider lending U.S. dollars to commodities trading institutions, per reports.

Tether Holdings Ltd., the company behind the stablecoin USDT, is considering lending to commodities traders in its quest for ways to deploy its significant profit.

The USDT issuer needs ways to deploy billions of dollars in profits, and commodity traders could benefit from expanded credit.

Tether considers entering commodity trade finance, potentially offering an alternative to traditional credit sources. The post Tether explores lending billions to commodity traders to shake up traditional trade finance appeared first on Crypto Briefing.

If Tether pursues opportunities in commodities or traditional finance, it will be separate from its stablecoin business.

Tether, the leading stablecoin issuer, has revealed its plans to explore opportunities in commodity trading after securing massive profits, according to a Monday report by Bloomberg.

Tether is considering lending to commodities trading firms, a sector traditionally dependent on banks for credit.

Tether said the next ten years would be focused on solving big problems, such as regulatory clarity in the crypto space.

ENA, the native cryptocurrency of Ethereum-based DeFi project Ethena has witnessed a strong surge as the platform pitches a direct stablecoin competition with industry giant Tether. As a result, the ENA price has shot up by 25% moving to $0.35 with its market cap surging past $920 million.

Tether has achieved its first 10 years with a considerable jump in its user base, a closer relationship with US authorities and fresh regulatory challenges in Europe.

Tether co-founder Phil G Potter donated almost half a million dollars towards the Commonwealth Unity Fund (CUF), which is meant to support John Deaton. This comes as the 57-year-old John Deaton, the Republican hopeful is looking at ousting the Democratic candidate Senator Elizabeth Warren in Massachusetts.

USDT, the largest stablecoin in the crypto market, has marginally lost its peg to the U.S. dollar, trading at less than $1 since September 30.

The European Securities and Markets Authority declined to disclose whether USDt is “noncompliant” but said it is working on solutions to issues in the framework.

El Dorado, a Latam-focused peer-to-peer (P2P) exchange, has partnered with Tron DAO to offer gasless TRC20-USDT transactions for its customers. Until October 30, each user will be able to perform a limited number of withdrawals with no costs associated.

On Sunday, Tether, the issuing company behind the largest and most widely used stablecoin on the market USDT, marked a significant turning point by celebrating its 10th anniversary.

TL;DR Market Surge: The stablecoin market has reached a total market capitalization of $169 billion, with Tether (USDT) leading the growth, increasing its market cap by $28 billion to nearly $120 billion this year.

USDT dominance movement reveals an interesting connection with crypto price movements.

According to the latest report from CryptoQuant, stablecoin liquidity has crossed new records, largely due to Tether and Circle. Ripple entered the space with its new RLUSD token.

USDT, the stablecoin issued by Tether, is reportedly experiencing the impacts of Chinese investors suddenly returning to their nation's stock market. According to a new report by Bloomberg, USDT has at times traded below the value of the US dollar since the end of September.

In a recent interview with Fox Business, Tether CEO Paolo Ardoino confirmed that the USDT stablecoin is 104% backed.

Paolo Ardoino, the CEO of Tether, the global firm behind the most widely used dollar-backed crypto token, USDT, gave a rare interview with FOX Business.

Stablecoin issuer Tether has revealed a 10-year roadmap aimed at launching new tokens to promote financial inclusion and innovation in areas such as AI, energy sustainability, and blockchain education. This strategic outline, presented during the company's 10th-anniversary event, reinforces Tether's dominance in the stablecoin sector.

On October 6, 2024, Tether, the issuer of the USDT stablecoin, celebrates its 10th anniversary with the release of a documentary titled "Stability and Freedom in Chaos." This film highlights the significant impact of USDT in countries like Turkey, Brazil, and Argentina, where rampant inflation has driven citizens to seek crypto alternatives to protect their wealth.

Binance's latest proof-of-reserves report shows a notable decline in user assets in September as the crypto market wandered in the red zone.

The world's leading stablecoin provider, Tether, has announced a remarkable achievement: it has now surpassed 350 million users just a decade after its 2014 launch.

The news comes amid the company's 10-year anniversary celebration.

TL;DR Bybit Launchpool has introduced the SUI token as its first native pool, aiming to expand the token offerings and strengthen community activity. The exchange has replaced the USDT pool with USDC to enhance the user experience, providing greater stability and reliability in transactions.

Tether marked its 10th anniversary on Monday, celebrating a market capitalization nearing $120 billion with over 350 million users globally.

Bybit Launchpool now supports the SUI pool, its first native token pool. Bybit also replaces the USDT pool with USDC and introduces the NAVI token in the SUI ecosystem.

Tether celebrates USDT's 10th anniversary, highlighting its dominance in inflation-affected countries and plans for future expansion beyond financial tools.

The United States alleges that a North Korean hacking group conducted a series of brazen heists, targeting both traditional financial institutions and the crypto space.