Circle will provide Binance with tech and liquidity to strengthen USDC adoption, aiming to challenge Tether's dominance.

CryptoQuant data has revealed new insights into the prevailing state of the Bitcoin market. The data points out that leverage in Bitcoin is easing, and the USDT balances held in exchanges are surging.

According to new on-chain data, Tether just minted USDT tokens worth $1 billion. The company has recently been minting in huge volumes, reporting record profits in Q3 2024.

Circle and Binance partner to boost global USDC adoption, integrating the stablecoin into Binance's services and corporate treasury.

Circle, the issuer of US dollar pegged stablecoin USDC, and Binance, the world's largest cryptocurrency exchange by user and trading volume, have announced a groundbreaking partnership. The companies revealed the strategic partnership on December 11 at the Abu Dhabi Finance Week.

As of the end of Q3 2024, Tether's USDT stablecoin has hit a new record with 330 million on-chain wallets. This shows that USDT is the market leader in stablecoins and is accompanied by an astounding rise in acceptability, particularly among small holders.

Tether secures Abu Dhabi approval, boosting its Middle East presence. Can this move help resolve its ongoing transparency controversies?

Circle supports Binance by offering liquidity, technology, and assistance in establishing connections across global finance and commerce.

Circle's USDC is the world's second largest US dollar stablecoin, currently with one-third of Tether's USDT capitalization and circulating tokens. This scenario could soon shift as Circle announces a key partnership with the world's largest crypto exchange, Binance.

Tether (USDT), the world's largest stablecoin by market capitalization, continues to dominate the cryptocurrency landscape, reporting a staggering 109 million wallets holding USDT in its latest quarterly report. This figure not only exceeds the number of Bitcoin wallets but is fast approaching Ethereum's 128 million wallets, cementing USDT's position as the leading stablecoin in the crypto ecosystem.

The crypto exchange plans to extend the availability of USDC on its platform for trading, saving, and payments applications.

Binance has formed a strategic partnership with Circle to integrate USD Coin (USDC) across its services, aiming to enhance accessibility and promote adoption. This collaboration also positions USDC as a key corporate treasury asset for Binance, according to an announcement on Dec. 11.

Circle and Binance have announced a strategic partnership aimed at bolstering the financial services ecosystem and fostering the development of global digital assets. They unveiled collaboration during the Abu Dhabi Finance Week.

The Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) has approved Tether's USDT. It is now recognized as an Accepted Virtual Asset (AVA).

Binance and Circle have formed a strategic partnership to expand USDC stablecoin services across Binance's platform, reaching 240 million users and including corporate treasury integration.

Crypto exchange behemoth Binance echoed a frenzy across the broader crypto sector on Wednesday, revealing its strategic collaboration with stablecoin giant Circle. Notably, the partnership comes as an endeavor by the firms to expand the adoption of the USDC stablecoin while also jacking up the global digital-asset financial services ecosystem.

Circle Internet Group and Binance, two of the largest players in the crypto world, have announced a strategic partnership aimed at accelerating the global adoption of USDC and other digital assets. This announcement, made during Abu Dhabi Finance Week, signals a major step toward integrating stablecoins into mainstream finance and commerce.

USDT will be regulated by the Financial Services Regulatory Authority.

Stablecoin provider Circle and crypto exchange Binance have announced a new partnership aimed at expanding the adoption of the dollar-backed stablecoin USDC and digital asset adoption. The post Circle and Binance Partner to Boost USDC and Crypto Adoption appeared first on Cryptonews.

Binance and Circle announced a strategic partnership that would integrate the USDC stablecoin into Binance products and services, making it more accessible for users. On Dec.

Key Points:

Binance will make USDC more available to its customers and adopt the stablecoin for its own corporate treasury.

The partnership will bring more USDC trading pairs, special promotions on USDC across trading and other products, Binance CEO Richard Teng said.

Tether views this recognition as a major milestone for integrating stablecoins into regulated financial ecosystems.

The firm behind the largest stablecoin by market cap is announcing the achievement of a significant regulatory milestone. In a new announcement, Tether says USDT has become an Accepted Virtual Asset (AVA), as recognized by the Abu Dhabi Global Market's (ADGM) Financial Services Regulatory Authority (FSRA).

Binance's 25th Proof of Reserves report shows strong reserve ratios for Bitcoin (108.21%), Ethereum (102.68%), and Tether (108.96%). These reports, now regularized by Binance and other exchanges, are a bid to prove user funds are fully backed and accessible, building trust after the FTX collapse.

Tether services can now be offered in the Abu Dhabi Global Market by authorized firms, the company said Tuesday.

Tether's USDT stablecoin has been approved as an Accepted Virtual Asset (AVA) by the Abu Dhabi Global Market (ADGM), according to a Dec. 10 statement. The landmark decision, granted by the Financial Services Regulatory Authority (FSRA), allows licensed entities within the jurisdiction to offer services involving USDT under ADGM's regulatory framework.

Tether's USDT stablecoin has received approval from the Financial Services Regulatory Authority (FSRA) as an Accepted Virtual Asset (AVA) within the Abu Dhabi Global Market (ADGM). This decision allows licensed entities under FSRA to provide pre-approved services related to USDT.

The Abu Dhabi Global Market has recognized Tether's USDT as an Accepted Virtual Asset, allowing licensed entities to integrate the stablecoin into regulated services. The post Abu Dhabi Global Market Allows USDT for Virtual Asset Services appeared first on Cryptonews.

Tether's USDT stablecoin has officially been recognized as an Accepted Virtual Asset (AVA) by the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). This decision allows licensed entities operating within the ADGM to offer services related to Tether USDT.

The CEO of prominent bond broker Cantor Fitzgerald played a major role in validating Tether this year by vouching for its reserves.

Despite new players, USDT retains its position as the most trusted stablecoin, with wallets growing exponentially year-over-year.

Tether has announced that Abu Dhabi's Financial Services Regulatory Authority has approved the company's U.S. dollar-pegged stablecoin as an accepted virtual asset. According to the announcement on Dec.

Tether announced that its stablecoin, the USD₮ has been accepted as a virtual asset (AVA) by the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). This means that authorized persons who operate and are licensed by the FSRA, ADGM's regulatory body can offer pre-approved services related to USD₮.

The FSRA of the Abu Dhabi Global Market (ADGM) has officially recognized USDT (Tether) as an Accepted Virtual Asset (AVA).

Abu Dhabi Global Market regulators have approved Tether's USD₮ as an accepted virtual asset, opening the door to USDT financial services.

Abu Dhabi Global Market regulators have approved Tether's USDT as an accepted virtual asset, opening the door to USDT financial services.

In a latest development, the stablecoin giant Tether, has announced the acceptance of USDT by the Financial Services Regulatory Authority (“FSRA”) as an Accepted Virtual Asset in the Abu Dhabi Global Market.

FSRA officially lists USDT as an Approved Virtual Asset (AVA) for ADGM.

Binance has announced that it will launch the viral meme coin SPX6900 in the form of the SPXUSDT Perpetual Contract with up to 75x leverage, alongside Raydium, Koma Inu, and Virtuals Protocol.

Tether continued to rake in billions from its leading stablecoin. But, this year, it also invested more widely, in payments, telecoms, AI and bitcoin mining.

The market cap has increased tenfold in a few months, surpassing Solana.

Tether's USDT has reached 109 million wallets with strong retail user adoption, primarily through centralized platforms and emerging markets, while maintaining 97.5% market dominance across 25 blockchains.

Stablecoin issuer Tether reported 109 million on-chain wallets holding USDT at the start of the fourth quarter, according to a Dec. 9 report. The growth positions USDT as one of the most utilized digital assets, with its wallet numbers approaching Ethereum levels and far surpassing those of Bitcoin.

The report underscores USDT's pivotal role in cryptocurrency adoption, bridging the gap between traditional fiat and digital assets. 109 Million Wallets Hold Tether Tether's second insights report revealed a significant milestone in the adoption of its stablecoin USDT with 109 million onchain wallets holding USDT at the start of Q4 2024.

The firm behind USDT says that the growth of crypto's largest stablecoin by market cap has been fueled by sharks and minnows rather than whales. In a newly released Tether Insights publication, USDT-issuer Tether highlights the “extraordinary” growth of USDT in crypto wallets.