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 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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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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As the weekend approaches and investor concerns about Deutsche Bank emerge, Bitcoin and other altcoins may see profit-taking and risk-off positioning. Yet again european securities exchanges fell on Walk 24 on restored fears that the financial emergency could show up to wreak havoc. On March 23, Deutsche Bank’s credit default swaps, which provide buyer protection…
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Users of Telegram can now send each other the stablecoin for Tether. The messaging app informed its users on Wednesday that the wallet feature now supports USDT-TRON, also known as TRC20. With a market cap of $78 billion, USDT is the third-largest cryptocurrency after Bitcoin and Ethereum. It is also a stablecoin, which means that…
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