By integrating Chainalysis's robust blockchain data platform into its operations, Tether will be equipped with advanced tools to analyze and oversee secondary transactions effectively. This new system will enable the company to identify and scrutinize wallets and transactions potentially involved in illicit activities, such as money laundering or dealings with sanctioned entities.

Tether's CEO has unveiled audacious plans for the "Pear Phone," snubbing Google software in favor of P2P apps instead.

Since the introduction of USDT on the TON blockchain, the supply of this stablecoin has grown by over 70 million within just two weeks, totaling 130 million. While USDT operates across multiple blockchains, its presence on TON has positioned it as the eighth largest in terms of circulating supply.

Stablecoin issuer Tether has teamed up with blockchain data platform Chainalysis to enhance surveillance of USDT transactions.

The crux of Tether's financial prowess lies in its diverse portfolio, comprising U.S. Treasury holdings, Bitcoin, and gold reserves. A significant portion of its record-breaking profit, approximately $1 billion, stems from its strategic investments in U.S. Treasury bills, solidifying the stability of its flagship stablecoin, USDT.

TL;DR Tether, the issuer of the world's largest stablecoin, USDT, has partnered with Chainalysis to monitor secondary market activity and combat illicit transactions. This collaboration aims to enhance oversight within the digital asset space by systematically tracking transactions involving USDT beyond direct trading with Tether.

Tether's USDT hegemony in the stablecoin market may shift as institutional investors chip into the crypto market.

Tether partners with Chainalysis to implement a comprehensive surveillance system that monitors USDT transactions on secondary markets to improve security and compliance.

Tether USDT has allegedly been used on several occasions to fund illegal transactions. The stablecoin reportedly provides an easy escape route for untraceable financial transactions between sanctioned states among others.

Paolo Ardoino, the Chief Executive Officer of Tether and co-founder of peer-to-peer platform Holepunch, recently hinted at plans to potentially develop a “Pear Phone” in the future. In an X post, Ardoino floated the idea of building an Android-compatible phone based on the Android Open Source Project (AOSP).

This collaboration with Chainalysis provides Tether with advanced tools to detect transactions involving sanctioned e­ntities and track the activities of major token holde­rs.

BTCC entices crypto traders into a global competition with a prize pool of 10 million USDT.

The innovative collaboration for better surveillance of digital assets.

Stablecoin issuer Tether has announced a partnership with blockchain forensics firm Chainalysis to develop a tool for monitoring secondary market activity.

Kaiko Analytics, a market intelligence platform, has released a report indicating a decline in Tether's (USDT) stablecoin dominance due to the emergence of new competitors.

Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels, reporting $11.37 billion as of March 31, 2024. Tether issued over $12.5 billion USDT during this period.

The driving force behind this monumental profit is a strategic blend of astute investments in Bitcoin and gold, yielding a whopping $3.52 billion in financial gains. Additionally, the company raked in another $1 billion from operational profits, further solidifying its position as a leader in the burgeoning digital currency realm.

The world's largest stablecoin, Tether, has stepped up monitoring of how its tokens are used in broader crypto markets and payments in a bid to combat illicit finance, Tether said in a statement on Thursday.

Tether, the issuer of the stablecoin USDT, has entered into a partnership with blockchain data platform Chainalysis. This partnership is meant to strengthen the surveillance of transactions with Tether tokens, with special emphasis on the detection and diminishing of dangers that are related to illegal activities and sanctions violations.

Tether Holdings Limited (BVI) released its assurance opinion for the first quarter of 2024, conducted by BDO, a leading global independent accounting firm.

Top stablecoin issuer Tether will be working with Chainalysis in an effort to boost compliance and monitoring of any potential illicit activity. Over the years, Tether has been hit with claims of shoddy operations, and the company has worked to alleviate those concerns.

Tether partners with blockchain analytics firm Chainalysis to monitor USDT transactions and detect illicit crypto transfers that could enable sanctions evasion. The post Tether and Chainalysis roll out USDT monitoring solution to counter illicit transactions appeared first on Crypto Briefing.

The blockchain analytics firm will provide tools to spot sanctioned and illicit activity and provide market information.

The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said.

Stablecoin leader Tether's Q1 earnings soar to $4.52 billion, buoyed by US Treasury and Bitcoin.

Tether reported a record-shattering $4.52 billion profit in the first quarter of 2024, driven by gains in its U.S. Treasury holdings, Bitcoin, and gold reserves

Tether announced a record-breaking $4.52 billion net profit in Q1 2024, along with its highest treasury bill ownership percentage ever, totaling $11.37 billion in group equity.

Record profits for the group, which now deals with more than just stablecoin.

Tether Holdings, the issuer of the leading stablecoin by market capitalization, Tether (USDT), has announced a record-breaking net profit of $4.52 billion in the first quarter of 2024.

Market intelligence platform Kaiko Analytics reports that new competitors are chipping away at Tether's (USDT) stablecoin dominance.

Stablecoin issuer Tether, a prominent player in the cryptocurrency market behind the widely used USDT stablecoin, has released its audit statement for the first quarter of 2024, accompanied by a report conducted by independent accounting firm BDO. The report, which provides additional financial information beyond the reserves backing Tether's fiat-denominated stablecoins, shows the company's profit for the first quarter of the year, which saw an increased influx of capital into the market.

Tether's record-breaking Q1 earnings and increased U.S. Treasury holdings, and their impact on USDT and the broader cryptocurrency landscape.

Stablecoin issuer Tether (USDT) achieved a historic net profit of $4.52 billion in the first quarter despite facing a significant drop in market share. Record net profit According to the attestation report shared with CryptoSlate, the firm's substantial profits chiefly originated from its US Treasury holdings, supplemented by gains from its Bitcoin and gold investments.

Tether, the entity behind the leading stablecoin USDT, reported a record net profit of $4.52 billion for the first quarter of 2024. It was primarily driven by gains from its substantial US Treasury holdings.

April volumes shrank slightly as FDUSD and USDe had their best months ever, a sign the market is primed to grow more.

Tether Holdings Ltd, the issuer of the popular USDT stablecoin released its assurance report for the first quarter of 2024, recording a net profit of $4.52 billion. This marks a huge milestone for the firm as it builds on the momentum from Q4, 2023.

Tether's Bitcoin investment is paying off, achieving much greater profit than the company's immense bond portfolio.

TL;DR Tether Holdings reported a record net profit of $4.52 billion in the first quarter of 2024. Most of the profits came from financial operations with Bitcoin and gold. Transparency and stability were highlighted with the disclosure of his net worth and the support of his stablecoins.

Stablecoin issuer Tether has notched a record quarterly net profit at a time during which the company is broadening its scope.

USDT issuer Tether set a new record after making $4.5 billion in net profits during the first quarter of 2024.

Tether Holdings Limited, the issuer of USDT stablecoin, has unveiled the attestation report for the first quarter of FY24. The latest attestation, as of March 31, 2024, goes beyond the reserves backing Tether Fiat-denominated stablecoins.

Tether profits hit a Q1 2024 record of $4.52 billion, driven by US Treasury bond holdings and asset returns.

Tether Holdings Limited reports a Q1 net profit of $4.52 billion and a net equity of $11.37 billion, highlighting its financial growth and stability. The post Tether reports record $4.52 billion Q1 profit appeared first on Crypto Briefing.

The majority, or $3.52 billion of the profit, stemmed from the firm's financial gains on Bitcoin and gold, while the additional $1 billion came from operating profits.

Besides record profit, Tether highlighted its large Treasury bill holdings, disclosed a $11.37 billion net equity, and detailed investments in sectors like AI and renewable energy.

Tether, the giant behind the world's largest stablecoin USDT, announced a $200 million strategic investment in Blackrock Neurotech, a brain-interface company. The investment also marks the launch of Evo, a new business division for the company that will examine investments in initiatives that merge tech and human potential.

Is USDC's overtaking of USDT a signal of changing stablecoin dynamics and regulatory needs?

Though Bitcoin prices are fast-dropping, looking at events in the daily chart, one analyst thinks the coin is gearing up for a comeback, citing developments in the USDT dominance chart, or USDT.D. USDT Dominance Falling, Good For BTC?