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news-imageJune 18, 2024

Uphold ceases support for USDT, GUSD, TUSD due to European new law: report

Cloud-based multi-asset platform Uphold has begun notifying some of its customers about its decision to suspend support for Tether's USDT, and Gemini's GUSD among other stablecoins.
Publisher: Crypto news
Sentiment: Negative
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cover-imageBitcoin
April 4, 2025

$50 Million Bounty Offered by Tron's Justin Sun to Recover Stolen Trueusd Reserves

Tron founder Justin Sun has announced a $50 million bounty for information to help recover $456 million in misappropriated Trueusd stablecoin reserves. Sun Blames Licensed Intermediaries Tron founder Justin Sun has announced a $50 million bounty for information that will aid in the recovery of $456 million in misappropriated Trueusd stablecoin reserves.

Positive
cover-imageCryptonews
April 2, 2025

Tron Founder Justin Sun Provides Emergency Funding to Stabilize TUSD Amid Reserve Crisis

Tron founder Justin Sun provided emergency funding to stabilize TrueUSD after its issuer faced a $456 million liquidity crisis due to illiquid investments, ensuring continued redemptions for users amidst allegations of mismanagement. The post Tron Founder Justin Sun Provides Emergency Funding to Stabilize TUSD Amid Reserve Crisis appeared first on Cryptonews.

Positive
cover-imageThe Cryptonomist
April 2, 2025

Tether acquires 8,888 Bitcoin in Q1 2025: the wallet is now 7.8 billion dollars

Tether, the company issuing the largest stablecoin, announced that it purchased 8,888 Bitcoin in the first quarter of 2025. Now, Tether's wallet is 7.8 billion dollars and is the sixth largest holder of BTC in a single wallet. Tether, the company issuing the largest stablecoin USDT, announced that it purchased 8,888 Bitcoin in the first quarter of 2025. The CEO of Tether, Paolo Ardoino, shares the announcement on X:

Positive
cover-imageBitcoin
April 1, 2025

Tether Bought 8,888 BTC and Now Holds $7.8B in Bitcoin

The world's largest stablecoin provider Tether, on April 1 revealed bitcoin purchases totaling 8,888 BTC made during the first quarter of 2025, bringing its overall bitcoin holdings to 92,647 BTC or a mammoth $7.8 billion. Onchain data shows that the Q1 purchases were all moved simultaneously into Tether's primary bitcoin wallet on March 31st.

Positive
cover-imageCryptonews
April 1, 2025

Tether Quietly Becomes One of Bitcoin's Largest Whales With $8.44B in Holdings

Tether has bolstered its Bitcoin reserves with a $735 million purchase of 8,888 BTC on the last day of Q1 2025, bringing its total holdings to 100,521 BTC, valued at approximately $8.44 billion, cementing its prominent position in the cryptocurrency market. The post Tether Quietly Becomes One of Bitcoin's Largest Whales With $8.44B in Holdings appeared first on Cryptonews.

Positive
cover-imageBenzinga
April 1, 2025

'Asia's MicroStrategy' Metaplanet And Tether Announce Major Bitcoin Purchases

Stablecoin issuer Tether (CRYPTO: USDT) and Japanese firm Metaplanet Inc. have significantly increased their Bitcoin (CRYPTO: BTC) reserves in the first quarter of 2025, reflecting a growing corporate trend of cryptocurrency investment. What Happened: Tether acquired 8,888 Bitcoin for approximately $735 million, bringing its total holdings to 92,646 BTC, valued at $7.8 billion as of April 1.

Positive
cover-imageCointelegraph
April 1, 2025

Tether adds 8,888 Bitcoin in Q1 as holdings exceed $8.4B

Tether, issuer of the USDT stablecoin, acquired 8,888 Bitcoin in the first quarter of 2025, according to onchain data.Onchain transaction data shows that Tether moved its newly acquired Bitcoin (BTC), worth roughly $750 million at the time of writing, from a Bitfinex address to a wallet it controls. Data provided by onchain analytics platform Arkham Intelligence shows that the firm currently holds 100,521 BTC, worth about $8.46 billion.

Negative
cover-imageThe Cryptonomist
April 1, 2025

Binance closes Tether trading in Europe to comply with MiCA regulations

Binance, one of the largest cryptocurrency exchanges in the world, has announced the cessation of spot trading of Tether (USDT) in the European Economic Area (EEA): the move is part of the compliance plan with the new directives introduced by the European regulation MiCA (Markets in Crypto-Assets Regulation). Marking consequently a further step in aligning the crypto industry with the regulatory principles of the European Union.

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