At the Plan ₿ Forum in El Salvador, stablecoin firm Tether announced its plans to integrate USDT into the Bitcoin Base Layer as well as the Layer 2 Lightning Network. Market analysts are hopeful that this would significantly expand Bitcoin ecosystem, increase BTC Layer 2 adoption, and expand stablecoin utility.
Tether is integrating its USDT stablecoin with Bitcoin's Lightning Network, leveraging the Taproot Assets protocol to enhance transaction efficiency.
Stablecoin issuer Tether has announced that its flagship USDT stablecoin, which boasts a market cap of $139 billion, has been launched on Bitcoin's Lightning Network.
Tether's latest move puts USDT directly on Bitcoin's infrastructure, allowing stablecoin transactions to settle faster and more efficiently via the Lightning Network.
Tether, the crypto firm behind the world's largest stablecoin, is bringing its $140 billion USDT token to Bitcoin.
Lightning Labs, the company behind Bitcoin layer 2 Lightning Network, is using the Taproot Assets protocol to integrate Tether's USDT stablecoin.
Lightning Labs, the company behind Bitcoin layer 2 Lightning Network, is using the Taproot Assets protocol to integrate Tether's USDT stablecoin.
Circle's bid to push its USD Coin (USDC) to the fore as a leading stablecoin option got a boost following the launch of the coin on the Aptos mainnet network. Aptos is a fast-growing layer-1 blockchain network, and the biggest compliment to its reputation could be its “Solana killer” nickname.
The integration is supported by Taproot Assets, a network that enables interoperability between stablecoins and other assets on the Bitcoin network.
Tether's USDt joins Bitcoin's Lightning Network for faster, low-cost transactions, enhancing financial applications and global reach. The post Tether integrates USDt on Bitcoin's Lightning Network appeared first on Crypto Briefing.
The largest stablecoin is integrating with the Bitcoin network, Tether Paolo Ardoino announced at a Bitcoin conference in El Salvador.
Stablecoins are increasingly popular for everyday uses like payments, remittances and savings, and Tether's expansion aims to spur activity to the Bitcoin-based ecosystem.
The stablecoin issuer's choice to bring USDT back to Bitcoin is a massive win for the Lightning Network and Joltz's bet on Taproot Assets.
Senator Elizabeth Warren has raised concerns over Donald Trump's nomination for Commerce Secretary, citing major conflicts of interest. This is borne out of Howard Lutnick's position at Cantor Fitzgerald, a firm with a 5% stake in USDT stablecoin issuer Tether.
Tether has expressed strong dissatisfaction with the European Union's MiCA regulations, calling them “rushed actions” that could lead to risks for consumers.
Tether is touting its tokenization platform Hadron and its investment in Quantoz as part of its European strategy amid regulatory pressures that have led to USDT delistings under the EU's Markets in Crypto-Assets (MiCA) framework. In a statement to CryptoSlate on Jan.
What does MiCA foresee and why is it relevant for stablecoin
MiCA-triggered crypto changes in Europe could create a “disorderly” market, according to USDT stablecoin operator Tether.
In a major win for crypto regulation, Spanish authorities, with help from the T3 Consortium, dismantled a crime syndicate, arresting 23 individuals and seizing $26.4 million. On the market side, analysts are eyeing the movement of Bitcoin by long-term holders, which could signal a bullish trend and drive up prices due to increased market liquidity.
Spain's Guardia Civil, in collaboration with Tether, TRON, and TRM Labs, froze $26.4 million in crypto linked to a European criminal network. Spanish authorities and the T3 Financial Crime Unit blocked $26.
As part of its plans to comply with the European Union's Markets in Crypto-Assets (MiCA) regulation, Crypto.com has announced plans to delist stablecoin, USDT. USDT, launched by Tether, is the largest stablecoin by market cap.
Crypto.com has announced it will delist Tether's USDT and nine other tokens in Europe by Jan. 31, 2025, to comply with the European Union's Markets in Crypto-Assets Regulation (MiCA).
During a confirmation hearing to become Commerce Secretary, the billionaire Bitcoin backer faced questions about his firm's ties to Tether.
Crypto.com will remove Tether's USDT and several other assets for EU customers in response to MiCA regulations. Starting January 31, 2025, trading restrictions take effect, and by March 31, withdrawals and conversions will be enforced. Affected users are advised to adjust their holdings before the deadline. The post Crypto Exchange Crypto.com to Delist Tether's USDT Stablecoin appeared first on Cryptonews.
Howard Lutnick, President Trump's pick to run the Department of Commerce, is probed by the senator on the Tether connection of his firm, Cantor Fitzgerald.
U.S. Commerce Secretary nominee Howard Lutnick faced questions about his firm's relationship with Tether during a hearing on Wednesday.
Senator Elizabeth Warren has demanded answers from Howard Lutnick, President Donald Trump's nominee for Commerce Secretary, regarding his financial ties to Tether.
Crypto.com is delisting USDT and nine other tokens in Europe to comply with MiCA regulations.
Crypto.com will be delisting Tether's USDT stablecoin by Jan. 31 as part of efforts to comply with Europe's Markets in Crypto-Assets (MiCA) regulation, according to emails obtained by CryptoSlate. The exchange will also remove nine other tokens, including Wrapped Bitcoin (WBTC), DAI, Pax Dollar (USDP), PayPal USD (PYUSD), Crypto.
Crypto.com recently announced that it would delist Tether's stablecoin USDT on January 31 to comply with the Markets in Crypto-Assets Regulations (MiCA). The exchange also revealed that it would delist nine other tokens, including Crypto.com Staked ETH, Crypto.com Staked SOL, DAI, PAX Dollar, PAX Gold, PayPal USD, XSGD, and Wrapped Bitcoin.
Crypto.com Will Suspend Tether, PayPal Stablecoin Services in Europe due to MiCA
TL;DR Crypto.com will delist USDT and nine other tokens from its European platform to comply with MiCA regulations, with users having until March 31 to convert their affected assets.
Tether's USDT failure to meet MiCA compliance rules prompted the delisting.
The exchange will halt deposits from 31 January. It will disable withdrawals and delist the tokens on 31 March.
Howard Lutnick: a profile under the spotlight
Sen. Elizabeth Warren (D-Mass.) demanded answers from Commerce Secretary nominee Howard Lutnick on Tuesday with regard to his association with the controversial stablecoin-issuing company Tether (CRYPTO: USDT).
Crypto.com will delist USDT and nine other European tokens on Jan. 31 to comply with MiCA regulations.
Official communication sent yesterday to clients residing in the European Union.
Elizabeth Warren has raised concerns over Cantor Fitzgerald CEO Howard Lutnick's nomination as Commerce Secretary , citing his firm's ties to stablecoin issuer Tether. The post Elizabeth Warren Questions Trump's Commerce Secretary Pick Over Ties to Tether appeared first on Cryptonews.
Crypto.com will delist USDT and nine other tokens in Europe on Jan. 31 to comply with MiCA regulations, giving users until March 31 to convert assets.
Crypto.com will delist USDT and nine other tokens in Europe on Jan. 31 to comply with MiCA regulations, giving users until March 31 to convert assets.
Senator Elizabeth Warren pressed Howard Lutnick, Donald Trump's nominee to run the Department of Commerce, over his ties and interest in stablecoin issuer Tether.
The European crypto scene is changing fast, and Tether (USDT) is in trouble. Crypto.com has announced it will remove USDT from its platform by January 31, 2025. This follows Coinbase's decision to drop Tether last year.
After winning a MiCA license, Crypto.com will become the second digital asset exchange to end trading support for Tether's stablecoin.
Arbitrum became one of the first chains to migrate to USDT0, the cross-chain, interoperable version of Tether (USDT).
The CEO of CryptoQuant, a digital asset analytics firm, has provided evidence suggesting that demand for Tether (USDT) remains strong, even as regulatory challenges in the European Union (EU) lead to its removal from several crypto exchanges.
The T3 Financial Crime Unit (T3 FCU)—a joint task force formed by Tether, TRON, and TRM Labs—has frozen $26.4 million in crypto tied to a large-scale European money laundering operation, according to a Jan. 27 statement shared with CryptoSlate.