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.

Cryptocurrencies are registering an uptick as the market reacts to the Federal Reserve's interest rate cut on September 18. After topping $61.2k on Tuesday, BTC slipped back under $60k as market jitters resumed. However, with the Fed's 50 basis point interest rate decision, Bitcoin is back above $61k.

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

At present, Aptos is trading between the support range of $5.5 and $5.7. This range has been tested multiple times by bearish forces, making it a focal point for traders.

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).

Aptos (APT) price, a layer 1 cryptocurrency, is currently exhibiting an upward trajectory in its market trends. The APT price movement has entered a bullish phase, showing a noticeable recovery recently.

TL;DR Stacks Launches sBTC on Aptos Network: The integration of sBTC, a 1:1 Bitcoin-backed asset, will enable its use on the Aptos blockchain. Benefits for developers: Aptos will allow developers to use the Move programming language to build decentralized applications with Bitcoin.

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.

Aptos Foundation has announced that Stacks, the Bitcoin Layer 2 protocol, will integrate Bitcoin into the Aptos ecosystem.

The integration of sBTC into Aptos could significantly expand Bitcoin's utility, enabling its use in diverse decentralized applications and smart contracts. The post Stacks to bring Bitcoin to Aptos network through sBTC integration appeared first on Crypto Briefing.

The integration "instantly makes Bitcoin highly capable beyond a store of value," said an Aptos exec.

The integration "instantly makes Bitcoin highly capable beyond a store of value," said an Aptos exec.

The integration allows Aptos developers to incorporate Stacks' sBTC into dApps and other real-world applications.

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.

APT's recent consolidation reaffirmed a rather weak trend on its chart, here's how you can capitalize on its recent price movements.

Key Points:

SUI shows bullish potential with price momentum and growing ecosystem.

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.

The MiCA Crypto Alliance launched today with key blockchain players Ripple, Hedera, and Aptos Foundation joining as founding members.

DLT Science Foundation (DSF), a non-profit organization formed in 2023, has launched the MiCA Crypto Alliance in partnership with Ripple, Aptos Foundation, and Hedera. The initiative seeks to enable crypto entities to comply with the European Union's Markets in Crypto Assets (MiCA) regulation.

TL;DR Tether, the issuer of USDT, has increased its share of the stablecoin market to 75% over the past two years, according to Token Terminal. The company generated approximately $400 million in revenue over the last 30 days, following a record first quarter in 2024 with earnings exceeding $4.5 billion.

Tether now has 75% percent of the market share, which has increased from 50% within the past two years. In the past 30 days, the estimated revenue of Tether is $400 million.

The DLT Science Foundation (DSF) announced the launch of the MiCA Crypto Alliance on Sept. 16, with Hedera, Ripple, and the Aptos Foundation as founding members, according to a statement shared with CryptoSlate.

BitMEX founder Arthur Hayes reportedly says that layer-1 blockchain Aptos (APT) is capable of solving many problems for the traditional finance (TradFi) world.

The world's largest stablecoin issuer generated around $400 million worth of revenue during the past 30 days.

Bitcoin (BTC) price correction that began on September 14 could end soon, triggering another reversal rally. One of the main reasons for this short-term pivot is the highly anticipated US Fed rate cut decision on September 18.

Blockchain explorer Whale Alert flagged a USDT mint worth $1billion on the Ethereum network on 16th September at Tether treasury. Tether ‘s CEO Paolo Ardoino clarified that the mint was an authorized transaction and the minted tokens have not been issued.

TRON DAO, the decentralized organization behind the TRON blockchain, announced that the newly formed T3 Financial Crime Unit (T3 FCU) task force has already frozen over $12 million in USDT linked to illicit activities. In a Sept.

Aptos (APT) flashes recovery signs after swaying within a plunging trendline over the past four months (since May). Bullish on-chain data and technical analysis point to a possible 72.41% increase from current prices, taking the altcoin's price to $10. The bullish trajectory emerges as APT displayed resilience over the past 30 days, losing 1.

Justin Bons, founder of Cyber Capital, has harshly criticized Tether, calling it a major threat to the cryptocurrency industry and labeling it a $118 billion scam, even greater than the scandals of FTX and Bernie Madoff.

Aptos shows potential for higher prices with strong adoption and scalability.

A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible property in legal disputes.

Cyber Capital founder Justin Bons has called out Tether for lacking a formal audit and fabricating documents.

Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has slowed, the stablecoin market keeps inching upward every week. On Sept.

The Toncoin price plunged 4.6% in the last 48 hours, currently trading at $5.63. This weekend's pullback will likely assist buyers in recuperating the bullish momentum as Bitcoin obtains a firm foot above $60000.

A consumer watchdog has warned about the lack of transparency Tether exhibits in confirming the reserves backing its stablecoin and it ignoring the amount of crime USDT facilitates.

Cyber Capital founder takes a jab at USDT issuer Tether with serious allegations.

England's High Court of Justice has ruled that Tether's USDT stablecoin qualifies as property under English law. This landmark decision not only marks a pivotal moment for cryptocurrency regulation in the UK but also sets a precedent for how digital assets will be handled in legal contexts.

Growing USDT supply on Toncoin has had quite an impact.