In Brief Stablecoin issuer Tether has completed its first crude oil transaction in the Middle East. The $45 million deal, involving 670,000 barrels of oil, was executed using USDT in October. Tether is also collaborating with regulators globally to halt USDT use for illicit activities. Tether, the issuer of the popular stablecoin USDT, announced the successful completion…
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In short Tie has quite expanded its stock by stamping 7 billion USDT over the most recent 3 months, outperforming 90 billion tokens. USDT’s stockpile increment demonstrates a developing business sector certainty and request among merchants for the stablecoin. In the interim, the stablecoin backer has presented another deliberate wallet-freezing strategy to forestall likely abuse.…
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In a word Tie (USDT) has gotten a ‘D’ rating from Bluechip, a free not-for-profit stablecoin rating office, showing high gamble. The rating office recommended that Tie could work on its evaluating to ‘C’ by revealing its banks and overseers or directing a full monetary review. In spite of ongoing claims from the SEC, Binance…
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Briefly the inclusion of Chinese securities by Tether in its reserve portfolio is confirmed by documents released by the Attorney General of New York. Tether insists that the banking sector was its primary exposure to Chinese commercial paper. The issuer also insists that it did not lose any money last year and had zero commercial…
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Tie said its Bitcoin mining tasks in Uruguay would depend prevalently on minimal expense, environmentally friendly power. According to a press release distributed to CryptoSlate on May 30, stablecoin issuer Tether has expanded into Bitcoin (BTC) mining. Tie declared it has focused on energy creation and has joined forces with an anonymous neighborhood authorized organization…
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Former SEC official John Reed Stark said Tether has no legal framework guiding its operations in the United States. John Reed Stark, a former official with the Securities and Exchange Commission (SEC), urged financial regulators in the United States to prohibit cryptocurrency companies from offering Tether USDT, describing the company as a “mammoth house of…
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According to the data compiled by Vipkhoone, Tether’s $25.05 billion in 24-hour trading volume is six times that of its closest rival. The USDT supply of Tether reached $83.13 billion earlier today, its all-time high, for the first time in 11 months. From $66.2 billion at the beginning of the year, USDT’s supply increased by…
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