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news-imageJanuary 15, 2025

USDT Dominates as Stablecoins Drive 35.5% of Crypto Transactions

TL;DR Stablecoins accounted for 35.5% of all crypto transactions in 2024, with USDT leading at an impressive 97.2%. The United States leads cryptocurrency purchases, surpassing Germany and the United Kingdom, while Nigeria and Ukraine show rapid growth.
Publisher: Crypto Economy
Sentiment: Positive
USDT

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cover-imageCryptoSlate
January 15, 2025

Tether claims Swan Bitcoin was ‘reckless,' escalates legal war after mining venture fallout

Tether, the leading issuer in the stablecoin sector, has initiated legal proceedings against Swan Bitcoin in the High Court of England and Wales, according to a Jan. 15 statement shared with CryptoSlate. The stablecoin company claimed that Swan had significantly breached their agreements, prompting the lawsuit to safeguard its investment.

Negative
cover-imageInvezz
January 15, 2025

Tether sues Swan Bitcoin over breach of Bitcoin mining venture contract

Tether, a prominent stablecoin issuer, has filed a lawsuit against Bitcoin financial services company Swan Bitcoin, accusing the firm of breaching their contractual agreements in a joint Bitcoin mining venture. The legal action, confirmed by Tether and co-claimant 2040 Energy on January 15, 2025, marks an escalation in a contentious dispute between the two companies.

Positive
cover-imageCryptonews
January 13, 2025

Tether Relocates to El Salvador After Securing Operating License

Tether, the issuer of the USDT stablecoin, is relocating its headquarters to El Salvador after securing a Digital Asset Service Provider license, citing the country's favorable regulatory environment and commitment to Bitcoin adoption as key factors. The post Tether Relocates to El Salvador After Securing Operating License appeared first on Cryptonews.

Positive
cover-imageBenzinga
January 13, 2025

Tether To Relocate Headquarters To El Salvador

Tether (CRYPTO: USDT) on Monday announced it has acquired a Digital Asset Service Provider (DASP) license by El Salvador, allowing it to subsequently relocate its operations to the Central American nation. What Happened: In a press release, the company stated El Salvador's crypto-friendly policies, favorable regulations and adoption of digital assets by its citizens prompted the decision to relocate.

Positive
cover-imageBitcoin
January 11, 2025

Report: Stablecoin Powerhouse Tether Dives Into AI Filmmaking

Bloomberg's Suvashree Ghosh reports that Tether, the leading issuer of stablecoins, is embarking on a bold foray into artificial intelligence (AI) filmmaking, signaling an ambitious innovation agenda. Tether Boss Discusses Bold Step Into AI Filmmaking Renowned for its commanding role in the stablecoin sphere, Tether manages roughly $137 billion USDT in circulation.

Positive
cover-imageCryptoSlate
January 10, 2025

Tether now hiring AI filmmakers to manage brand storytelling

Stablecoin issuer Tether has taken an unusual step in expanding its artificial intelligence (AI) business by hiring professionals in AI filmmaking, Bloomberg reported. According to Tether's careers page, the AI Filmmaker role involves using AI-driven photo and video tools to create engaging short films and videos.

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