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news-imageOctober 3, 2024

Is altcoin season near? USDT dominance suggests

An analyst has identified a bearish pattern on the USDT dominance chart which now signals an impending rally for the altcoin market
Publisher: AMBCrypto
Sentiment: Positive
NEAR
USDT

More News Articles

Positive
cover-imageNewsBTC
November 5, 2024

Six Months, $1 Billion: TON Network's Explosive USDT Adoption Milestone

The partnership between The Open Network (TON) and Tether has reached new heights as the USDT stablecoin experienced a massive surge in just a few months since the start of their collaboration. A remarkable feat that saw a massive increase in the USDT on TON hitting over $1 billion in only six months, an indicator of the capability of the emerging dynamic duo.

Neutral
cover-imageThe Currency Analytics
November 5, 2024

Tether's USDT Usage Surges in Sanctioned Countries

Tether, the world's largest stablecoin, is witnessing an increased utilization of its USDT token in countries that are currently facing international sanctions, such as Russia and Iran. According to a recent report from Bloomberg, which draws on data from blockchain analytics firm Chainalysis, this trend is particularly evident in major urban centers across Eastern Europe, the Middle East, and Africa.

Neutral
cover-imageCrypto Economy
November 4, 2024

Paolo Ardoino Reveals the Truth About Tether's Official Blockchain Launch

TL;DR Paolo Ardoino has clarified that Tether is not planning to build an official blockchain, emphasizing the importance of maintaining neutrality and supporting USDT integration across various networks. Tether continues to expand and introduce new products, including a Dirham-pegged stablecoin on the TON blockchain while remaining blockchain-agnostic to focus on security and sustainability.

Neutral
cover-imageCryptopolitan
November 3, 2024

Tether is not planning to build a blockchain, says CEO Paolo Ardoino

Tether CEO Paolo Ardoino shut down rumors of a Tether blockchain, declaring, “Tether is not planning to build an official blockchain at this time.” Instead, Tether backs the integration of its stablecoin, USDT, on various networks to support decentralized use cases, like gas fees, on independent Layer 2 (L2) solutions.

Negative
cover-imageCryptopolitan
November 3, 2024

Thai police officers extort 170,000 USDT from foreign victim

Thai authorities have arrested six police officers and one civilian for using a fake warrant to stage an arrest and extort 165,000 USDT from an expat. The victim, a Chinese-Vanuatu national, filed a complaint along with his wife and other family members at a Bang Sue police station.

Positive
cover-imageNewsBTC
November 2, 2024

CEO Ardoino On Tether Q3 Performance: $2.3 Billion Gains And What Lies Ahead For The Stablecoin

On Thursday, Tether (USDT), the world's largest stablecoin issuer, released its third-quarter (Q3) assurance opinion report, revealing substantial financial results amid the broader market recovery led by Bitcoin (BTC). Total Tether Assets Reach All-Time High Conducted by accounting firm BDO, the report highlights Tether's growth, with a net profit of $2.5 billion for Q3, contributing to a consolidated profit of $7.7 billion for the first nine months of 2024.

Negative
cover-imageBitcoin
November 2, 2024

Thailand Arrests Police Officers Accused of Staging Fake Interrogation to Extort 165,000 USDT

Thai police arrested seven individuals, including six officers, for allegedly staging a fake arrest and extorting 165,000 USDT from a Chinese-Vanuatu citizen. Fraudulent Legal Threats Thai police recently arrested six police officers and one civilian after a Chinese-Vanuatu citizen filed a complaint accusing them of staging a fake arrest and extorting 165,000 USDT.

Positive
cover-imageCoingape
November 1, 2024

Tether Introduces Dirham-Pegged Stablecoin on TON Network

Stablecoin giant Tether Holdings Ltd is expanding its reach on the TON Network and the Middle East. As disclosed recently at the TON Gateway event in Dubai, Tether's Senior Strategic Partnership Manager Alessandro Giori confirmed the Dirham-backed USDT will go live on the protocol.

Positive
cover-imageBitcoin
November 1, 2024

Inside Tether's $14.2B Equity Peak—Key Takeaways From the Q3 Attestation

Tether's third-quarter attestation for 2024, led by auditor BDO, highlights record profit levels, reserve expansion, and substantial U.S. Treasury holdings. Tether's Q3 Performance Ranks Among Top U.S. Treasury Holders In its latest attestation, Tether Holdings Limited reports a third-quarter net profit of $2.5 billion, pushing its nine-month consolidated profit to $7.7 billion.

Positive
cover-imageCrypto Reporter
November 1, 2024

Tether reveals $2.5 billion profit in Q3 2024

Tether Holdings, the company that issues the largest stablecoin USDT, reported net profit of $2.5 billion in the third quarter of the year, bringing year-to-date profit to $7.7 billion. The company also said it has over $6 billion in excess reserves.

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