PEPE whales have made a strong comeback with large holders' inflow hitting 14.5 trillion tokens.
Paolo Ardoino, CEO of Tether, discusses the stablecoin issuer's auditing efforts, changing regulatory policy in the U.S. and how a strategic bitcoin reserve could affect Tether. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis.
The cryptocurrency price prediction today, March 25, is bullish after the US stock market recorded its best trading day in history after adding more than $1.5 trillion. These gains coincided with a recovery across the cryptocurrency market with Bitcoin price reaching a two-week high above $88,000.
Meme coins have gone up by 3.2% in the past 24 hours and Pepe (PEPE) is leading the scoreboard as Monday's rally seems strong enough to spill over to today's session.The aggregated market cap of the 100 largest cryptocurrencies in this category currently stands at $53.8 billion.
Pepe (PEPE) has recorded massive transactions within the last 24 hours as over 33 billion PEPE changed hands among market participants. A staggering 33.68 billion PEPE, representing an 8.61% increase, was committed in open interest.
XRP's recent rally, partly driven by news of the Ripple case conclusion, continues to push the asset to new highs, potentially shaking up the cryptocurrency rankings by market capitalization.
PEPE memecoin's short-term price direction will depend on multiple factors.
The cryptocurrency market is showing renewed movement, with certain assets attracting strong investor interest. PEPE, a meme coin that previously experienced a sharp decline, has recently gained traction, surging over 37% from its recent lows. This rebound has sparked speculation about whether it can regain momentum or if it remains vulnerable to further corrections.
In a significant breakthrough, Tron, Tether, and TRM Labs have successfully frozen over $9 million linked to the historic ByBit hack, according to blockchain watchdog T3_FCU (Financial Crime Unit). This joint forensic initiative was formed to combat illicit activity in the crypto space, marking a proactive step by blockchain networks and stablecoin issuers in safeguarding digital assets.
A collaborative effort between Tron, Tether, and TRM Labs has led to the freezing of over $9 million linked to the ByBit hack, according to a report from T3_FCU. These three crypto powerhouses have established a joint forensic initiative called the T3_FCU (Financial Crime Unit) to combat illicit activities on the blockchain.
Pepe (PEPE) has gone up by 10.3% in the past 24 hours to stand at $0.000007935 as the market keeps recovering from the sell-off that took place earlier this month.The meme coin has been going up in the past two weeks and has started this third week on a strong note.
Fartcoin (CRYPTO: FARTCOIN) has emerged as one of the biggest meme coin gainers on Monday, skyrocketing 100% over the past week and overtaking Dogwifhat (CRYPTO: WIF) in valuation. This explosive rally has traders wondering if it could mirror Pepe's (CRYPTO: PEPE) legendary rise in 2023.
TL;DR Tether is negotiating with one of the world's top four accounting firms (PwC, EY, Deloitte, or KPMG) to conduct a full, independent audit of its USDT reserves. CEO Paolo Ardoino states that the current regulatory environment in the U.S. under Donald Trump's leadership is more favorable for completing such an audit.
Tether is in discussions with one of the Big Four accounting firms to conduct a full audit of its financial reserves.
Tether, the world's largest stablecoin issuer, has reportedly initiated engagement with a “Big Four accounting firm” to audit the reserves of its fiat-pegged token. Paolo Ardoino, Tether's CEO, shared this update with Reuters as the circulating supply of USDT currently stands at 143.46 billion.
The chief executive of the world's largest stablecoin issuer is reportedly looking to receive an audit from one of the biggest accounting firms in the world.
PEPE could be gearing up for a rally, despite a delay on the charts.
The meme-inspired cryptocurrency PEPE has once again captured the attention of traders as its price demonstrates remarkable resilience, holding firm above a key 100-day simple moving average (SMA) after a brief pullback. This technical strength has sparked speculation about whether PEPE is gearing up for a bullish continuation, potentially reigniting its upward momentum.
Tether, the largest stablecoin company in the cryptocurrency space, has become one of the largest buyers of U.S. treasuries as a way of backing the value of the over 140 billion USDT issued.
Tether, the company behind USDT, announced that 2024, it was the seventh largest investor in U.S. securities, purchasing around $33 billion in treasury securities. This places Tether above countries such as Canada, Mexico, and Germany.
In the world of meme coins, Pepe Coin and Shiba Inu are two prominent names and are often considered competitors. Due to PEPE's sudden popularity and exponential growth in 2024, it was seen as one of the most promising cryptos, but SHIB's dominance was the best after Dogecoin and could not be shaken.
Tether recently appointed a new CFO and tasked him with organizing a full financial audit for the company, a "top priority" for the stablecoin issuer.
Stablecoin issuer USDT company Tether intends to hire one of the auditing Big Four firms to verify reserves.
Tether is reportedly working with a Big Four accounting firm to conduct an audit of its reserves and confirm that each token is backed 1:1 with assets. The post Tether Collaborates with Big Four Auditor to Verify 1:1 Backing for USDT Stablecoin appeared first on Cryptonews.
Stablecoin issuer Tether is reportedly in talks with a Big Four accounting firm to audit its assets reserves and verify that its USDT (USDT) stablecoin is backed at a 1:1 ratio.Tether CEO Paolo Ardoino reportedly said the audit process would be more straightforward under pro-crypto US President Donald Trump. It comes after rising industry concerns over a potential FTX-style liquidity crisis for Tether due to its lack of third-party audits.
Stablecoin issuer Tether is reportedly engaging with a Big Four accounting firm to audit its assets reserve and verify that its USDT (USDT) stablecoin is backed at a 1:1 ratio.Tether CEO Paolo Ardoino reportedly said the audit process would be more straightforward under pro-crypto US President Donald Trump. It comes after rising industry concerns over a potential FTX-style liquidity crisis for Tether due to its lack of third-party audits.
Recent reports claim that Tether CEO Paolo Ardoino is in talks with the Big Four accounting firms to finally conduct a third-party audit. However, some members of the community are skeptical, citing a lack of firm commitments.
Tether is finally doing the thing it kept saying it would do for years—getting a real audit. CEO Paolo Ardoino confirmed the company is “engaging with a Big Four accounting firm,” though he didn't say which one or when the audit would happen.
Tether is reportedly looking to tap a Big Four auditor for its U.S. dollar pegged stablecoin's reserves.
Critics have raised questions about the stablecoin giant for not being independently audited.
Tether's CEO Paolo Ardoino shared a post on X yesterday that Tether was the seventh-largest buyer of US Treasuries in 2024. The company accumulated $33.1B worth of US Treasury securities last year, outranking countries like Canada, Mexico, and Germany.
Pepe Coin price has shown a 5% increase over the past week, despite the general downturn in the market. The meme coin has managed to outperform other meme coins like SHIB, bouncing from significant support levels.
Tether, the creator of the world's largest stablecoin, is "engaging with a Big Four accounting firm" as it pushes for a long-awaited audit of its reserves, an effort CEO Paolo Ardoino said will be easier under U.S. President Donald Trump.
Tether purchased $33.1 billion in U.S. Treasuries in 2024, becoming the seventh largest foreign buyer and outpacing several nations while its stablecoin market cap reached $143 billion.
Tether, the issuer of USDT, ranked as the seventh-largest buyer of U.S. Treasury securities in 2024. According to a Mar. 20 post on X by Tether chief executive officer Paolo Ardoino, Tether (USDT) purchased a net $33.1 billion in U.
Tether surpasses Canada and becomes the 7th largest buyer of US Treasury bonds. What are the implications for the crypto market?
As one of the top-performing meme coins today and this week, and outpacing leading cryptocurrencies, including DOGE, SHIB, and FLOKI. Can PEPE reach the coveted $1 mark?
Bybit has been secretly purchasing PEPE, suggesting the current levels are key to memecoin's next move.
Tether surprised the market by announcing that it purchased over $33 billion in Treasury bonds last year. This makes Tether the seventh-largest buyer of US bonds, ahead of countries like Canada, Mexico, and Germany.
The firm said it purchased a net $33.1 billion worth of U.S. Treasury securities last year,
AI agent tokens aren't a new concept. But it's only in the past few months that the crypto market has witnessed the rise of AI agent tokens.
Stablecoins are rapidly evolving beyond their original role as digital cash substitutes, with a new generation of yield-bearing and revenue-sharing models reshaping how these assets are used in financial ecosystems, according to a report. What Happened: The report, by Foresight Ventures, explores how these innovations may soon position stablecoins as a distinct financial asset class, unlocking new forms of passive income and challenging legacy banking models.
Tether accumulates over 33 billion dollars in US bonds
Tether's financial transparency and large US debt purchases make headlines.
This investment surpassed several countries and secured its place among institutional giants. This significant move into U.S. debt markets from Tether underscores the growing influence of crypto firms in traditional finance.
Tether, the $143 billion stablecoin giant, was the world's seventh-largest buyer of United States Treasurys, surpassing some of the world's largest countries.Tether, the issuer of USDt (USDT), the world's largest stablecoin, was the world's seventh-largest US treasury buyer, surpassing Canada, Taiwan, Mexico, Norway, Hong Kong, and numerous other countries. The stablecoin issuer acquired over $33.1 billion worth of treasuries, compared to over $100 billion purchased by the Cayman Island in the first place in global rankings, according to Paolo Ardoino, the CEO of Tether.
The entire crypto market cap (excluding BTC) is up around 14% since a potential bottom was hit last week. Memecoins have also taken part in this recovery.
Ethereum continues to dominate the stablecoin market, with USDC and USDT accounting for the majority of the $850 billion in transaction volume recorded last month.