Tether's USDT, the largest crypto stablecoin, recently celebrated its 10th year in the industry. The company's growth has been impressive, thanks to its steady user base, holdings that include $97 billion in US government bonds, and its plans to partner with US law enforcement agencies to strengthen its brand.

Toncoin's rising adoption and USDT integration suggest a bullish long-term outlook.

Venezuelans have ramped up the use of Tether's USDT, as it has become one of the largest sources of dollar liquidity in national markets.

Tether is the most used stablecoin in the crypto ecosystem as users consider it an alternative to fiat.

Tether Holdings, the company behind the world's most widely used stable coin, USDT, is making a strategic move into the commodity trading sector. As the company seeks new avenues to deploy profits amid a recovering market, Tether is exploring lending options specifically tailored for commodity trading firms.

New data from Tether reveals that the number of people who have adopted the firm's USDT is now equivalent to the entire population of the United States.

Tether's USDT user growth saw its best quarter in Q3 and has increased by 9% on average over the last 12 months, cushioning the firm's possible expansion into more traditional finance markets. Tether reported that 36.

The world's largest stablecoin, USDT, now has 330 million users on-chain, according to the latest insights shared by its issuer, Tether, on October 16.

Donald Trump's 2024 presidential campaign has seen a notable influx of cryptocurrency donations. A political action committee (PAC) supporting Trump pulled in $7.5 million during the third quarter, underscoring a growing interest from the crypto community. Trump Campaign Receives $7.

Toncoin price showed a modest 0.2% loss on Wednesday's U.S. trading session, trading at $5.2. The slight downtick forms a neutral candle in the daily chart, continuing the consolidation trend intact since early October.

Tether reached 330 million USDT on-chain wallets by the end of Q3 2024, excluding centralized platform users.

TL;DR USDT has reached a record 330 million wallets and blockchain accounts by the end of the third quarter of 2024. The growth includes the addition of 36.25 million new accounts, consolidating the stablecoin as a pillar of the crypto market.

Tether, the company behind the USDT stablecoin, has announced that approximately 330 million on-chain wallets and accounts had received the digital asset as of the end of Q3 2024. These accounts and wallets are a critical measure of user engagement.

Tether Holdings, the issuer of the widely-used stable coin USDT, is venturing into the commodities trading sector, considering lending options to firms within the industry. This strategic exploration is currently in its early stages, as Tether looks to harness the potential of cryptocurrencies to revolutionize trade finance.

Italy is preparing to increase the capital gains tax on Bitcoin and other cryptocurrencies to 42%, according to Deputy Finance Minister Maurizio Leo, who shared the news during an Oct. 16 conference. Leo explained that as cryptocurrencies, particularly Bitcoin, gain popularity, the government anticipates raising the withholding tax rate from its current 26% to 42%.

The adoption of Tether's USDT has reached over 330 million on-chain wallets by Q3 2024, showcasing its global impact as a digital asset, according to Tether.io.

Tether Holdings, the issuer of the world's largest stablecoin, USDT, is reportedly exploring lending options for commodities trading companies as it seeks new ways to deploy this year's profits amid the broader market recovery.

Binance and the Delhi Police announced on Tuesday that they have teamed up to dismantle a large-scale renewable energy scam in India, seizing over $100,000 in USDT from fraudsters linked to a fake solar company.

The Delhi Police, in collaboration with Binance, have seized over 100,000 USDT linked to a sophisticated scam in India. According to a report from The Hindu, the operation was conducted on October 15, 2024.

In a recent collaborative effort, cryptocurrency exchange Binance partnered with Indian police to dismantle a sophisticated scam involving a fraudulent entity called “M/s Goldcoat Solar.” The scam, which falsely claimed to be part of India's renewable energy initiative, led to multiple arrests and the seizure of over $100,000 in Tether (USDT).

Fraudsters impersonated government officials to scam individuals into believing they were investing in a profitable solar power program.

Binance and the Delhi Police have dismantled a $100,000 scam, which misled investors with false claims tied to India's renewable energy initiatives.

TL;DR Tether's Strategic Shift: Tether is exploring lending opportunities in the commodities trading sector, aiming to provide quicker and more flexible funding options compared to traditional financial institutions. Addressing Financing Challenges: The initiative targets smaller commodity traders who struggle to secure credit, potentially streamlining payments and trades, and providing much-needed liquidity.

Tether, the company behind the USDT stablecoin, is exploring expansion into commodities trading and traditional finance while continuing to grow its core stablecoin business.

The firm has engaged in talks with various commodity traders about providing US dollar lending options.

The CEO Paolo Ardoino stated that it is an evaluation of opportunity.

Stablecoin USDT issuer Tether Holdings is considering lending to commodities trading firms, and the explorations are “in early stages.”

Tether Holdings Ltd. is considering lending to commodity trading firms to diversify investments and utilize profits for growth in the financial sector.

Credit lines are a lifeline for smaller commodity dealers. It is difficult for smaller companies to get the capital they need to stay in operation.

The stablecoin Tether (USDT) is considering lending to international commodities traders, especially in developing markets. Tether's high profits and existing connections may create lucrative opportunities.

Bitcoin climbs 6% to $66K, breaking past the 200-day moving average and triggering $235M in liquidations. The post Bitcoin rises 6% while whales send massive USDT inflows to Binance appeared first on Crypto Briefing.

Tether Holdings, the issuer of the USDT stablecoin, is looking to expand beyond the crypto industry and explore new ventures in traditional finance (TradFi), including potentially lending to commodities trading firms, Bloomberg News reported on Oct. 14, citing CEO Paolo Ardoino.

Tether, the issuer of USDT, the world's largest stablecoin, is exploring new ways to use its massive profits. And so the company is now looking into lending to commodity traders.

Tether Holdings Ltd, the company behind the world's largest stablecoin, USDT, is expanding its horizons by exploring lending opportunities in the commodities trading sector.

Tether, the largest stablecoin issuer, could consider lending U.S. dollars to commodities trading institutions, per reports.

Tether Holdings Ltd., the company behind the stablecoin USDT, is considering lending to commodities traders in its quest for ways to deploy its significant profit.

The USDT issuer needs ways to deploy billions of dollars in profits, and commodity traders could benefit from expanded credit.

Tether considers entering commodity trade finance, potentially offering an alternative to traditional credit sources. The post Tether explores lending billions to commodity traders to shake up traditional trade finance appeared first on Crypto Briefing.

If Tether pursues opportunities in commodities or traditional finance, it will be separate from its stablecoin business.

Tether, the leading stablecoin issuer, has revealed its plans to explore opportunities in commodity trading after securing massive profits, according to a Monday report by Bloomberg.

Tether is considering lending to commodities trading firms, a sector traditionally dependent on banks for credit.

Tether said the next ten years would be focused on solving big problems, such as regulatory clarity in the crypto space.

ENA, the native cryptocurrency of Ethereum-based DeFi project Ethena has witnessed a strong surge as the platform pitches a direct stablecoin competition with industry giant Tether. As a result, the ENA price has shot up by 25% moving to $0.35 with its market cap surging past $920 million.

Tether has achieved its first 10 years with a considerable jump in its user base, a closer relationship with US authorities and fresh regulatory challenges in Europe.

Tether co-founder Phil G Potter donated almost half a million dollars towards the Commonwealth Unity Fund (CUF), which is meant to support John Deaton. This comes as the 57-year-old John Deaton, the Republican hopeful is looking at ousting the Democratic candidate Senator Elizabeth Warren in Massachusetts.

USDT, the largest stablecoin in the crypto market, has marginally lost its peg to the U.S. dollar, trading at less than $1 since September 30.

The European Securities and Markets Authority declined to disclose whether USDt is “noncompliant” but said it is working on solutions to issues in the framework.