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.

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.

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.

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.

In the latest cryptocurrency hack news, the BingX exchange has lost more than $43 million in a major theft leading to losses of investors' altcoins, particularly stablecoins. Reportedly, the hacker swapped most of the stolen funds into ETH and BNB after the exchange breach.

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

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.

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.

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.

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

Tether's September 18 report revealed that the company froze over 1,850 wallets linked to criminal activities across 45 jurisdictions, in collaboration with more than 180 agencies.

Tether, the company behind stablecoin USDT, has released its Q2 2024 attestation report, confirming reserves of $118.4 billion. As per the report, the reserves surpass the company's liabilities by $5.3 billion.

Cryptocurrency firm BitGo has confirmed plans to launch the USD Standard (USDS) stablecoin in January next year. The USD-pegged asset aims to transform the crypto space by challenging single issuers such as Tether and Circle. The stablecoin market has long been dominated by players who prioritize profits over ecosystem growth.

Tether (USDT) bolsters financial transparency and law enforcement collaboration, enhancing global financial inclusion and security.

Crypto custodian BitGo is set to enter the stablecoin market with plans to launch a dollar-backed USDS stablecoin by 2025, according to a Sept. 18 statement.

BitGo, a leading name in crypto custody, is shaking things up. They're about to launch a new stablecoin called USDS in January 2025. But this isn't just another coin joining the crowd of stablecoins dominated by big players like Tether and Circle.

USDT continues to dominate the market with a market cap exceeding 118 billion dollars.

TON solidifies its position as one of the fastest growing blockchains through its latest stablecoin milestone.

Tether's stablecoin continues to dominate rivals, including Circe's U.S. Dollar Coin (USDC).

A decline in USDT reserves could indicate reduced faith in a price recovery.

The largest stablecoin's market cap has almost doubled, while key rivals declined and new entrants have yet to challenge its position.

Tether's USDT, the number one stablecoin by market cap, is growing as part of the TON ecosystem. According to the TON team, the stablecoin reached a milestone recently, registering authorized issuance numbers exceeding $1 billion. However, TON clarified that only $720.6 million was in circulation, while $309.3 million were authorized but unissued.

Tether's USDT stablecoin now controls more than 75% of the stablecoin market, marking a substantial increase from 55% in 2022, according to data released on Sept. 16. The growth reflects the increasing demand for USDT as a trusted intermediary between fiat currencies and digital assets.