Swan Bitcoin took legal action this week against several former employees and a competitor, Proton Management. The company accused them of a deliberate attempt to undermine and seize its Bitcoin mining operations.

A Robinhood spokesperson said that the company has “no imminent plans to launch this offering.” Tether, with a market cap of about $120 billion, dominates the $170 billion stablecoin market.

Robinhood and Revolut are considering stablecoin launches, as Markets in Crypto-Assets (MiCA) regulation may disrupt Tether's market domination in the EU.

Swan Bitcoin's mining arm is suing its former employees for allegedly stealing the “crown jewels” of its billion-dollar Bitcoin mining business to power a “copycat” firm.

Robinhood Markets Inc. (NASDAQ:HOOD) and Revolut Ltd. are reportedly exploring the possibility of entering the $170 billion stablecoin market, which could challenge the dominance of incumbent Tether (CRYPTO: USDT).

In a wide-ranging interview, Tether (CRYPTO: USDT) CEO Paolo Ardoino shared insights on the company's plans for expansion and its stance on regulatory issues, particularly in Europe. What Happened: Ardoino told “The Big Whale” listeners about Tether's launch of a stablecoin pegged to the UAE's currency Dirham, first announced in August, citing its growing importance in global trade and remittances.

Memecoin giant Shiba Inu is on track to launch a new stablecoin to boost ecosystem growth.

Circle has launched Compliance Engine, a tool designed to help businesses meet regulatory requirements through customizable, automated compliance checks. The feature is integrated within Circle's infrastructure, eliminating the need for separate third-party solutions and streamlining the compliance process for companies operating in the digital asset space.

Stablecoin issuer Circle has announced the Compliance Engine as part of a new set of products to attract developers building on-chain financial services. This would help companies achieve compliance, focusing on building amid recent regulatory hurdles.

It's an important step toward winning the tokenized RWA market as Circle continues to vye with stablecoin leader Tether.

The service will help “companies build onchain while meeting rigorous demands for compliance,” including FATF's Travel Rule.

Binance Futures introduces a Trading Quest allowing users to learn new trading features and earn a share of 35,500 USDT in rewards.

Tether's recent growth is noteworthy. According to blockchain analytics firm IntoTheBlock, the stablecoin's market cap has ballooned from $84.69 billion to its current figure, showcasing its robust performance amid a fluctuating market.

Onchain data reveals that Blockfi, a now-bankrupt crypto lending firm, received a hefty $250 million deposit (1, 2) to one of its flagged addresses, as reported by Arkham Intelligence. The news was shared on X at 12:43 p.m. EDT on Monday.

TL;DR Circle seeks to legitimize USDC and EURC as official electronic currencies in the EU, taking advantage of MiCA regulations. The market capitalization of USDC has grown from $25 billion to $35.8 billion in 2024, while EURC has regained value, rising from $35.1 million to $62.88 million.

Circle's Jeremy Allaire pushes USDC and EURC growth in the EU, taking advantage of beneficial MiCA regulations.

After a tough September, the non-subtle moves of the Tether (USDT) stablecoin may have offered a subtle hint that October will truly live up to its nickname of ‘Uptober' for the cryptocurrency market.

Tether (USDT) is on track to achieve a significant milestone, approaching a market capitalization of $120 billion.

Tether has reached a new all time high in market cap.

In the first week of September, the number of daily active TON addresses soared to 3 million. TON has also seen a rise in the volume of on-chain trades, particularly in the stablecoin market.

Tether (USDT) nears a $120 billion market cap, solidifying its dominance as stablecoins gain unprecedented momentum in the crypto space.

Tether's USDT, the largest stablecoin, continues to grow and further solidify its dominance in the market.

Tether (USDT), the world's largest stablecoin and the third largest crypto in market cap, has asserted its dominance in the cryptocurrency market and is now close to achieving a significant milestone. Recent data shows a massive influx of money into the crypto industry in the past week, with over $1 billion going into stablecoins.

Toncoin is growing its USDT supply to more than $1B, with up to $300M in daily transfers. The Toncoin ecosystem aims to move beyond meme trading and grow DeFi apps and liquid staking protocols.

Tether, the dominant stablecoin issuer, faces increasing scrutiny over its transparency and potential risks to the broader crypto market.

There are mounting investor concerns around the issuer of the world's largest stablecoin USDT. Justin Bons, the founder and CIO of Cyber Capital recently shared his concerns in a series of texts on X over how Tether is a potentially bigger scam than FTX.

Tether, the issuer of the largest stablecoin, USDT, faces mounting scrutiny due to its lack of third-party audits and alleged financial opacity. As concerns spread about a potential collapse akin to the FTX debacle, Cyber Capital founder Justin Bons has been vocal about Tether's operations, calling it a $118 billion “scam” that could destabilize the entire crypto ecosystem.

Some market analysts think that Tether could also implode like FTX, if not audited duly by third-party agencies. This implosion would likely be tied to its banking partners.

The corporate structure of Tether: a potential threat to the market?

Tether's market share surpassed 75% of the entire stablecoin market, fueling concerns over the stablecoin giant's influencer over the crypto industry.

Tether's market share has surpassed 75% of the entire stablecoin market, fueling concerns over the stablecoin giant's influence over the crypto industry.

The objective is to improve accessibility to cryptocurrencies in Africa and South Asia.

Louisiana has implemented a new option for residents to make payments to state agencies using Bitcoin and Circle's stablecoin USDC, according to a Sept. 18 press release.

Stablecoins have emerged as a significant force in the global financial landscape, reaching new heights in circulation and usage, according to a recent report by Bernstein analysts. What Happened: The total supply of stablecoins has rebounded to an all-time high of $170 billion, with monthly settlement volumes tripling over the last 12 months to $1.4 trillion in July 2024.

Tether has invested $1.5 million in Sorted Wallet, a platform that helps people in emerging markets access crypto using simple mobile phones.

Tether's investment in Sorted Wallet could significantly enhance financial inclusion and economic empowerment in underserved regions. The post Tether invests $1.5 million in Sorted Wallet to boost financial access in emerging markets appeared first on Crypto Briefing.

Tether invests $1.5M in Sorted Wallet to enhance financial inclusion in emerging markets, focusing on Africa and Southern Asia.

The company, famous for its low-cost movie theater subscription, is partnering with Sui. They plan to integrate USDC, a popular stablecoin, as a way for users to pay for their subscriptions.

South Korea's leading exchange, Upbit, is set to expand its offerings by launching MEW Bitcoin and USDT markets. The platform will start taking deposits and providing trading support on September 19th.

Tether and Sorted Wallet are mostly targeting Africa and Southern Asia markets where there is limited access to traditional banking services.

Binance launches a new promotion for its Fixed Rate Loans, offering users the chance to win up to 799 USDC. The campaign runs from September 19 to October 11, 2024.

Binance launches promotions for FIL and ETH Simple Earn Products, offering up to 799 USDC rewards and special APR rates.

Stablecoin issuer Circle is announcing the support of national bank transfers involving USDC in Mexico and Brazil.

Tether's USDT continues to secure its dominant position in the stablecoin market. According to data from Token Terminal, USDT's market share grew to 75% from 55% in the past two years and the supply of USDT also nearly doubled during that period of time.

During the U.S. trading session on Wednesday, the cryptocurrency market witnessed a sudden uptick following the Fed interest rates by 50 BPS. The Bitcoin price surged above $60000 and sparked a renewed recovery momentum in the altcoin market.

Layer-1 smart contract platform SUI Network (SUI) is surging after announcing plans to support the stablecoin USDC. In a new blog post, USDC issuer and payments platform Circle says that the network will be adding USDC as well as support for Cross-Chain Transfer Protocol (CCTP), which allows interoperability with other prominent blockchains.

Crypto custodian BitGo just launched a new stablecoin, USDS. Will it find a place in a crowded market dominated by Tether and USDC?