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.

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.

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.

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.

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.

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.

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.

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.

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.

Tether hired a government-affairs veteran from PayPal and Chainalysis, Jesse Spiro, to head its own shop as the issuer of the leading {{USDT}} stablecoin has long been under a cloud of reported U.S. investigations.

Tether brought Jesse Spyro onboard as its head of government affairs. The issuer of USDT fights for its reputation, while facing limitations in the Euro Area and accusations of uses to breach Iranian, Chinese and Russian sanctions.

On September 12, 2024, Consumers' Research, the nation's oldest consumer advocacy organization, issued a public warning to U.S. governors regarding alleged risks associated with fiat-backed stablecoin issuer Tether (USDT). Consumers' Research is a non-profit organization that focuses on educating consumers about products, services, and various issues affecting the marketplace.

The High Court of Justice for England and Wales issued a ruling that allowed Tether's stablecoin USDT to qualify as property. The ruling came just a day after the jurisdiction's administration declared it would commence legislation on digital currencies.

Consumer advocacy group Consumers' Research has released a report accusing Tether, the issuer of the USDT stablecoin, of being opaque and not conducting a full audit of its dollar reserves.

Renowned advocacy organization Consumers' Research raised concerns about Tether, criticizing the USDT stablecoin issuer for exposing users to significant risks due to its business model.

UK High Court classifies Tether (USDT) as property under English law. The ruling strengthens legal recognition of digital assets in the UK.

In a pivotal decision, the High Court of Justice for England and Wales has officially recognized Tether's USDT, the world's largest stablecoin by market capitalization, as property under English law. This ruling follows new UK legislation aimed at clarifying the legal status of cryptocurrencies, marking a significant precedent for digital asset holders in the country.

“Tether has many of the same issues that FTX and Celsius had before their collapse," the watchdog wrote on its letter.

Spiro brings over six years of experience in government and regulatory relations within the blockchain space, according to a blog post.

A day after a major bill was introduced, cryptos are making waves in the UK again!

The UK High Court ruled that English law legally recognised Tether stablecoin USDT as property.

Tether's strategic hire of a seasoned government affairs expert underscores its commitment to navigating regulatory complexities and fostering industry collaboration. The post Former PayPal executive joins Tether as Head of Government Affairs appeared first on Crypto Briefing.

Tether has appointed former PayPal executive Jesse Spiro as its head of government affairs to lead policy and engagement with lawmakers, regulators, and key stakeholders.

Legal implications and the case of d'Aloia: a turning point for cryptocurrencies

USDT attracts property rights as it can be the subject of tracing and can constitute trust property in the same way as other property, a judge in England declared.

Despite the landmark ruling affirming that USDT is property, the court could not validate the plaintiff's claim that Bitkub had actually received the stolen digital assets after they passed through crypto mixers.

Stablecoin Issuer Tether was accused by Consumers' Research that it lacked transparency. Tether has not yet responded to the accusations outlined by the firm.

The UK High Court's ruling that Tether is legally property marks a significant step in cryptocurrency regulation, providing clearer legal status for digital assets

Tether is getting slammed again, by the same American consumer watchdog. This time, Consumers' Research is tearing into the company for its lack of transparency regarding the dollar reserves backing USDT.

The United Kingdom High Court has ruled that the stablecoin Tether (USDT) is legally recognized as property under English law.