Tether News

Turkish Citizens Seek Shelter in Tether Amid Collapsing Lira

Citizens in Turkey are turning to cryptos as a refuge against the collapsing lira, Bloomberg reports.Local demand for Tether, surged in early May ahead...

Tether Ventures into Renewable Energy to Power Sustainable Cryptocurrency Mining

Tether is starting cryptocurrency mining using renewable energy sources and is trying to diversify its revenue mix in order to support its own stablecoin,...

Tether Embraces Bitcoin: Follows MicroStrategy’s Lead in Ditching US Debt

Tether, the company behind the largest stablecoin, Tether (USDT), is following MicroStrategy's footsteps in terms of managing its reserves, as it plans to boost...

Tether Bolsters Reserves: Announces Major Bitcoin Investment to Support USDT Stablecoin

Hundreds of millions in Bitcoin are to be purchased by stablecoin market leader Tether, it was announced on Wednesday, with the aim of supporting...

Tether Blacklists Address Responsible for Large MEV Exploit

Tether, the company behind the stablecoin USDT, has blacklisted an address responsible for draining Maximal Extractable Value (MEV) bots for a sum of $20...

Tether Set to Record $700 Million Profit, Exceeding $1 Billion in Excess Reserves

Cryptocurrency firm Tether estimates that it will record a profit of $700 million in the March quarter, bringing its total excess inventory to over...

Tether to eliminate borrowing from its stablecoin backing fund

Tether Limited, issuer of Tether USD (USDT), plans to eliminate collateralized loans from its reserves. Although it will be progressive, as stated by the...

Coinbase sides with Circle’s stablecoin in its competition against Tether

U.S. cryptocurrency exchange Coinbase encouraged its users to switch "to the trusted and reputable digital dollar, USDC," referring to USD Coin (USDC), the stablecoin...

Latest news

XRP Hits Nearly 5-Year Low for Trader Losses

XRP's 30-day Market Value to Realized Value (MVRV) ratio has plunged to its lowest level since December 2020, indicating...

Solana Falls Over 50% In a Year: Is It Time to Sell?

Solana (SOL) has experienced significant declines across multiple timeframes, dropping 51.9% year-over-year.The broader cryptocurrency market downturn is attributed to...

Coinbase’s Base Lets AI Agents Manage Crypto

Coinbase's Base blockchain launched a tool, Base MCP, enabling AI agents to handle crypto tasks like transfers and swaps.Users...