Stablecoins have emerged as a significant force in the global financial landscape, reaching new heights in circulation and usage, according to a recent report by Bernstein analysts. What Happened: The total supply of stablecoins has rebounded to an all-time high of $170 billion, with monthly settlement volumes tripling over the last 12 months to $1.4 trillion in July 2024.

Tether has invested $1.5 million in Sorted Wallet, a platform that helps people in emerging markets access crypto using simple mobile phones.

Tether's investment in Sorted Wallet could significantly enhance financial inclusion and economic empowerment in underserved regions. The post Tether invests $1.5 million in Sorted Wallet to boost financial access in emerging markets appeared first on Crypto Briefing.

Tether invests $1.5M in Sorted Wallet to enhance financial inclusion in emerging markets, focusing on Africa and Southern Asia.

South Korea's leading exchange, Upbit, is set to expand its offerings by launching MEW Bitcoin and USDT markets. The platform will start taking deposits and providing trading support on September 19th.

Tether and Sorted Wallet are mostly targeting Africa and Southern Asia markets where there is limited access to traditional banking services.

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.

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

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.

Binance announces a promotion offering 50,000 FDUSD in rewards. Complete tasks to collect icon cards and unlock the vault.

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).

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.

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.

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.

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.

Binance has injected more FDUSD into the market, potentially sparking a small Bitcoin (BTC) rally. This is the first inflow of FDUSD on Binance since August 23 and follows a series of token burns that limited the stablecoin supply.

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.

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.

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.

The England High Court of Justice recently ruled that Tether's stablecoin USDT is a property. Crypto commentator GS has highlighted what this means for the stablecoin going forward, including how it could lead to increased adoption.

In an explosive thread on X, Cyber Capital founder Justin Bons accused Tether of being the largest fraud in crypto history. He believes that the stablecoin issuer's alleged scandal has surpassed the scandals of both FTX and Bernie Madoff.

Tether and three other stablecoin issuers have reportedly blacklisted multimillion-dollar wallets tied to the Lazarus Group.

Stablecoin issuers Tether and Circle have blacklisted addresses belonging to the North Korean hacker group Lazarus Group. Onchain sleuth ZachXBT made this revelation while providing a report on how much has been recovered from the hackers as part of an ongoing investigation.

Tether appoints Jesse Spiro as Head of Government Affairs to strengthen regulatory relations amid U.S. scrutiny, leveraging his PayPal and Chainalysis experience.

A landmark decision that could shape the future of cryptocurrency regulation, the United Kingdom High Court has ruled that Tether (USDT), one of the world's leading stablecoins, qualifies as property under English law. This ruling marks the first time an English court has addressed the status of cryptocurrency in a post-trial setting, setting a precedent for how digital assets are treated in the legal system.

Tether is working to improve its relations with regulators following the recognition of its USDT stablecoin as property in the UK. On Sept. 13, Tether announced that it hired Jesse Spiro to spearhead its global engagement efforts with lawmakers, regulators, and key stakeholders.

Jesse Spiro said he intended to work with industry leaders and lawmakers to help grow the ecosystem in his role at Tether.

A fraud victim had their stolen crypto, including Tether, washed through several exchanges. The judge decided that Tether counts as property.

USDT on TON has reached a total supply of $729 million within four months following the integration announcement by the TON Foundation on April 18. This growth positions USDT on TON as the seventh largest stablecoin by market capitalization when evaluated independently.