TL;DR Tether, the issuer of USDT, has increased its share of the stablecoin market to 75% over the past two years, according to Token Terminal. The company generated approximately $400 million in revenue over the last 30 days, following a record first quarter in 2024 with earnings exceeding $4.5 billion.

Tether now has 75% percent of the market share, which has increased from 50% within the past two years. In the past 30 days, the estimated revenue of Tether is $400 million.

Circle is "thrilled to partner with Sony Block Solutions Labs to reimagine how innovation thrives in the digital economy,” said CEO Jeremy Allaire.

Circle, the issuer of the USDC stablecoin, partners with Japanese giant Sony to revolutionize the economy of digital creators. This strategic alliance aims to integrate USDC on Soneium, Sony's new blockchain, thus opening new perspectives for Web3.

The world's largest stablecoin issuer generated around $400 million worth of revenue during the past 30 days.

Bitcoin (BTC) price correction that began on September 14 could end soon, triggering another reversal rally. One of the main reasons for this short-term pivot is the highly anticipated US Fed rate cut decision on September 18.

TL;DR Circle and Sony Block Solutions Labs partner to integrate USDC on Soneium, Sony's Ethereum Layer-2 blockchain, enabling seamless, secure, and borderless transactions. The integration will use the Bridged USDC Standard, ensuring flexibility for future upgrades to native issuance.

Blockchain explorer Whale Alert flagged a USDT mint worth $1billion on the Ethereum network on 16th September at Tether treasury. Tether ‘s CEO Paolo Ardoino clarified that the mint was an authorized transaction and the minted tokens have not been issued.

Circle and Sony Block Solutions Labs announce a partnership to integrate bridged USDC on Sony's new Ethereum layer 2 blockchain

TRON DAO, the decentralized organization behind the TRON blockchain, announced that the newly formed T3 Financial Crime Unit (T3 FCU) task force has already frozen over $12 million in USDT linked to illicit activities. In a Sept.

The ecosystem of Layer 2 on Ethereum adds the new standard Bridged USDC.

Circle is looking to extend the use of its USDC stablecoin to the new high-flying Ethereum layer-2 blockchain network, Soneium, according to a Sept. 16 statement shared with CryptoSlate.

Circle partners with Sony Block to integrate Bridged USDC Standard. Soneium aims to simplify blockchain experiences, empowering developers.

Circle, the company behind USDC, has announced a partnership with Sony Block Solutions Labs to bring its stablecoin to Soneium. As a part of this collaboration, Soneium will integrate the Bridged USDC Standard.

On September 15th, Circle announced its partnership with Sony. The goal is to make USDC a go-to choice for creators and developers using Sony's layer-2 blockchain, Soneium.

Circle has been working to enhance the global use of the USDC stablecoin. In a recent move to boost USDC adoption, the company announced plans to open a new international office in New York City.

He pointed out that Circle has been sluggish in addressing significant security issues, specifically noting the company's delayed action in blacklisting funds associated with the North Korean hacker group Lazarus.

Stablecoin issuer Circle has partnered with Sony Block Solution Labs, making bridged USDC as one of the blockchain's primary tokens for value exchange.

Stablecoin giant Circle, the issuer of USDC, recently announced plans to collaborate with Sony Block Solutions Labs, a Singapore-based company that taps into blockchain technology. The collaboration comes as an effort to bring bridged USDC to the Sony company's newly launched Ethereum Layer 2 Soneium.

The partnership could significantly enhance digital finance and entertainment, promoting global adoption of decentralized technologies. The post Circle and Sony partner to bring USDC to Soneium appeared first on Crypto Briefing.

Justin Bons, founder of Cyber Capital, has harshly criticized Tether, calling it a major threat to the cryptocurrency industry and labeling it a $118 billion scam, even greater than the scandals of FTX and Bernie Madoff.

The firm says it wants to make its stablecoin the standard for Web3 creators using Sony's new layer-2 blockchain.

Stablecoin issuer Circle has partnered with Sony Block Solutions to make USDC a primary transaction token on the Soneium blockchain.

A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible property in legal disputes.

Cyber Capital founder Justin Bons has called out Tether for lacking a formal audit and fabricating documents.

Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has slowed, the stablecoin market keeps inching upward every week. On Sept.

The Toncoin price plunged 4.6% in the last 48 hours, currently trading at $5.63. This weekend's pullback will likely assist buyers in recuperating the bullish momentum as Bitcoin obtains a firm foot above $60000.

A consumer watchdog has warned about the lack of transparency Tether exhibits in confirming the reserves backing its stablecoin and it ignoring the amount of crime USDT facilitates.

ZachXBT, arguably one of the most renowned on-chain sleuths in the world, just went off on USDC issuer Circle and its CEO, Jeremy Allaire. He called them greedy and indifferent to the crypto community's security.

Cyber Capital founder takes a jab at USDT issuer Tether with serious allegations.

England's High Court of Justice has ruled that Tether's USDT stablecoin qualifies as property under English law. This landmark decision not only marks a pivotal moment for cryptocurrency regulation in the UK but also sets a precedent for how digital assets will be handled in legal contexts.

Growing USDT supply on Toncoin has had quite an impact.

The England High Court of Justice recently ruled that Tether's stablecoin USDT is a property. Crypto commentator GS has highlighted what this means for the stablecoin going forward, including how it could lead to increased adoption.

In an explosive thread on X, Cyber Capital founder Justin Bons accused Tether of being the largest fraud in crypto history. He believes that the stablecoin issuer's alleged scandal has surpassed the scandals of both FTX and Bernie Madoff.

Tether and three other stablecoin issuers have reportedly blacklisted multimillion-dollar wallets tied to the Lazarus Group.

Circle announces move to New York City, positioning USDC at Wall Street's core.

USDC issuer Circle is facing serious accusations after blockchain sleuth ZachXBT called out the company for allegedly ‘profiting' from transactions linked to the North Korean hacker group Lazarus. ZachXBT, known for his investigative work in the Web3 space, took to social media platform X to criticize Circle and its CEO Jeremy Allaire.

Circle Internet Financial, the company behind the US Dollar Coin (USDC), has announced the integration of the Arbitrum layer-2 scaling chain into its Web3 infrastructure platform.

Stablecoin issuers Tether and Circle have blacklisted addresses belonging to the North Korean hacker group Lazarus Group. Onchain sleuth ZachXBT made this revelation while providing a report on how much has been recovered from the hackers as part of an ongoing investigation.

Tether appoints Jesse Spiro as Head of Government Affairs to strengthen regulatory relations amid U.S. scrutiny, leveraging his PayPal and Chainalysis experience.

A landmark decision that could shape the future of cryptocurrency regulation, the United Kingdom High Court has ruled that Tether (USDT), one of the world's leading stablecoins, qualifies as property under English law. This ruling marks the first time an English court has addressed the status of cryptocurrency in a post-trial setting, setting a precedent for how digital assets are treated in the legal system.

2025 could bring stablecoins into the mainstream, after 2024 introduced a "turning point year in crypto," according to Circle's Allaire.

Tether is working to improve its relations with regulators following the recognition of its USDT stablecoin as property in the UK. On Sept. 13, Tether announced that it hired Jesse Spiro to spearhead its global engagement efforts with lawmakers, regulators, and key stakeholders.

Jesse Spiro said he intended to work with industry leaders and lawmakers to help grow the ecosystem in his role at Tether.

A fraud victim had their stolen crypto, including Tether, washed through several exchanges. The judge decided that Tether counts as property.

USDT on TON has reached a total supply of $729 million within four months following the integration announcement by the TON Foundation on April 18. This growth positions USDT on TON as the seventh largest stablecoin by market capitalization when evaluated independently.

Stablecoin issuer Tether (CRYPTO: USDT) Friday announced that it has appointed Jesse Spiro as its new Head of Government Affairs. What Happened: This move comes as the company continues to face regulatory challenges and scrutiny in the United States.

Upbit, South Korea's largest cryptocurrency exchange, has announced the launch of Nervos Network (CKB) on its platform.