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.

Leading crypto firms including Paxos, Kraken, Galaxy Digital, and Robinhood announced the formation of the Global Dollar Network to enhance stablecoin adoption globally.

Reports indicate that Tether's USDT, the largest stablecoin globally by market capitalization, may be experiencing increased adoption in countries facing sanctions.

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.

Thai law enforcement has reportedly arrested seven police officers and one civilian accused of staging a false domestic search that involved the attempted extortion of 10 million USDT from a victim.

The Open Network (TON) Society cofounder Jack Booth talked to CryptoNews at The Gateway event in Dubai about Telegram retaining privacy features and the use case for Tether's Dirham-Pegged Stablecoins. The post TON Society Co-Founder Talks Telegram Privacy and Tether's Dirham-Pegged Stablecoins appeared first on Cryptonews.

Paolo Ardoino, the chief executive officer of Tether, said Tether has no plans of building a an official blockchain ‘at this time' after hearing rumors of Tether Chain. In an X post on Nov.

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.

Tether CEO Paolo Ardoino has dismissed recent speculation about the company's plans to launch a proprietary blockchain network. In a Nov. 3 post on X, Ardoino clarified that Tether does not intend to create its blockchain.

Toncoin (TON) has seen its USDT holdings surpass the $1 billion mark following an astounding 670% surge in just six months. This achievement places the Telegram-linked blockchain among the top ten networks in terms of stablecoin dominance, just below Ethereum's Optimism.

Tether is not planning to build an official blockchain at this time, as "neutrality is very important." The post Tether Drops Plan To Build an Official Blockchain As of Now: CEO appeared first on Cryptonews.

TON's exceptional stablecoin growth hasn't stirred its price chart performance. Not yet.

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.

The world's largest stablecoin by market cap is reportedly potentially seeing a rise in adoption amongst sanctioned nations.

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.

Tether's latest USDT minting spree is reshaping crypto dynamics, boosting liquidity and market confidence.

The TON Network is evolving at a very fast pace, with enablement from Tether (USDT). The duo inked their partnership in April this year, charting a positive bullish growth curve from that time to date.

Thai investigators arrest six police officers for their alleged role in a $10 million USDT extortion case.

Tether's Q3 net profit of $2.5 billion underscores its dominance, showcasing the stablecoin's growing appeal and financial resilience.

Tether Limited has announced a remarkable net profit of $2.5 billion for the third quarter, bringing its total profits for the year to a record-setting $7.7 billion.

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.

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.

Tether Treasury has minted an impressive $1 billion USDT on the Tron network in the past 12 hours. This action aligns with Tether's ongoing commitment to maintaining a robust supply of its stablecoin across major exchanges and blockchains, particularly during a bullish market phase.

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.

With consolidated assets of over $134 billion, Tether's Q3 attestation confirms strong financial standing despite incoming FUD.

This time, Tether is working to launch a stablecoin tied to the United Arab Emirates dirham (AED). The new dirham-pegged stablecoin will be built on The Open Network (TON), a blockchain known for its speed and efficiency.

TL;DR Tether has seen a surge in usage across EMEA time zones amid growing attention from US regulators. Increased adoption of USDT has been seen in sanctioned countries such as Russia and Iran, facilitating transactions amid banking restrictions.

Tether is launching its Dirham-pegged stablecoin on TON Blockchain, according to Alessandro Giori, senior strategic partnership manager at Tether. The post Tether to Launch Its Dirham-Pegged Stablecoin on TON Blockchain appeared first on Cryptonews.

This week, BeInCrypto noted strong investor interest in key events: Bitcoin ETFs crossing the 1 million BTC mark, insider trading allegations involving MrBeast, and suspected manipulation on Polymarket related to Trump.

Tether (USDT) is still widely used globally, with a focus on developing markets. The activity in the EMEA region raises concerns about terrorism financing, scams, and circumventing controls and sanctions.

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.

Tether's senior strategic partnership manager, Alessandro Giori, said that TON is the fastest blockchain to reach 1 billion USDT since its launch.

TL;DR Tether reports a record-breaking $2.5 billion profit for Q3 2024, bringing its cumulative profit for the year to $7.7 billion, driven by growing demand for stablecoins. The circulating supply of USDT reaches an all-time high of nearly $120 billion, a 30% increase in 2024, underscoring Tether's dominant position in the stablecoin market.

Tether, the issuer of the leading stablecoin USDT, is one of the most profitable companies in the crypto industry. Tether is also the 18th largest holder of US Treasury bonds, surpassing three significant economies in Q3 2024.

Tether Holdings Limited (BVI), the issuer of the stablecoin USDT, has announced strong Q3 2024 financial results, driven by a combination of investment gains and rising demand for its digital dollar.

Aptos partners with SK Telecom to integrate Tether's USDT into T Wallet, enhancing global access to stablecoins and digital finance.

Tether reported $2.5 billion in Q3 2024 profits, mainly from Treasury yields and gold appreciation, while maintaining over $125 billion in reserves against $119.4 billion in liabilities.

Tether reported several all-time-highs in its third quarter of 2024 report, including the company's total assets, group equity and cumulative profit. According to a Q3 report published on Oct. 31, the stablecoin issuer's net profit reached $2.

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.

Tether, the company that manages the USDt stablecoin, has bought 7,100 bitcoin during the third quarter according to a statement.

Stablecoin giant Tether has announced record profits of $2.5 billion for the third quarter of 2024, taking its year-to-date earnings to an astonishing $7.7 billion.

A reserve buffer of over 6 billion dollars and significant strategic investments mark a new era of stability and growth for Tether.

Aptos Foundation has teamed up with SK Telecom to bring Tether's USDT stablecoin to T wallet.

Tether's Q3 2024 report reveals $7.7 billion nine-month profits, $102.5 billion U.S. Treasury holdings, and a $6 billion reserve buffer, highlighting its financial strength.

Tether on Thursday reported $2.5b Q3 net profit, pushing its 2024 earnings to $7.7b and USDT circulation to nearly $120b. The post Tether Reports Strong Q3 with $2.5B Profit, US Treasury Holdings Top $100B appeared first on Cryptonews.

Tether reported substantial profits in Q3 2024, with a net profit of $2.5 billion.

Tether has posted a record-breaking $2.5 billion in profits for the third quarter of 2024, boosting its consolidated earnings this year to $7.7 billion.