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USD Tether / US Dollar

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Cryptocurrency USD Tether / US Dollar

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Tether CEO Paolo Ardoino emphasized the importance of decentralized AI models following a security breach at OpenAI. He argued that locally executable AI models on new generation smartphones and laptops are essential for protecting privacy and ensuring resilience. Tether plans to invest heavily in AI technologies.

Portfolio Pulse from Aniket Verma

July 08, 2024 | 5:13 am

Binance has integrated Tether (USDT) on The Open Network (TON), enhancing transaction speeds and lowering fees for users. This comes ahead of regulatory changes in the EEA, with MiCA imposing restrictions on unauthorized stablecoins. Uphold will delist USDT and five other stablecoins by July 1.

Portfolio Pulse from Murtuza Merchant

June 21, 2024 | 5:13 pm

Mexican cartels are using cryptocurrencies like Bitcoin, Ethereum, Monero, and Tether to finance fentanyl production, according to a FinCEN advisory. This highlights the intersection of digital finance and international drug trafficking, complicating the tracking of illicit funds.

Portfolio Pulse from Murtuza Merchant

June 20, 2024 | 6:48 pm

Circle CEO Jeremy Allaire expressed strong optimism about the future of cryptocurrencies, particularly Bitcoin and stablecoins. He highlighted the mainstream adoption of blockchain technologies and predicted significant growth for stablecoins in the global economy.

Portfolio Pulse from Aniket Verma

June 20, 2024 | 5:33 am

Renowned crypto analyst Willy Woo suggests that Tether might launch a Bitcoin-backed stablecoin in the future. Tether has already innovated with a gold-backed stablecoin, shifting from its traditional cash-backed USDT. Woo believes a Bitcoin-backed stablecoin could be viable in future market conditions with higher Bitcoin market cap and lower volatility.

Portfolio Pulse from Aniket Verma

June 19, 2024 | 6:12 am

Tether has launched a new platform, Alloy By Tether, to create gold-backed stablecoins pegged to the U.S. Dollar. The first asset, aUSDT, is a synthetic dollar over-collateralized by Tether Gold (XAUt). This move aims to provide exposure to gold while allowing its use in payments.

Portfolio Pulse from Aniket Verma

June 18, 2024 | 5:33 am

Tether co-founder William Quigley criticizes the Biden administration for allowing the SEC to take an aggressive stance towards crypto companies, particularly under Chairman Gary Gensler. He suggests that a Trump presidency might result in less aggressive regulatory actions. Quigley also projects Bitcoin could reach up to $300,000 in 2025 based on historical patterns.

Portfolio Pulse from Murtuza Merchant

June 14, 2024 | 12:33 pm

Curve's (CRYPTO: CRV) token dropped 30% due to the automatic liquidation of loan positions linked to its founder, Michael Egorov. This triggered a wave of selling activity, significantly impacting the token’s market value. Egorov's addresses have accumulated nearly $100 million in stablecoin loans, predominantly crvUSD, backed by $140 million in CRV collateral. The liquidation has exerted pressure on other DeFi protocols, as CRV is commonly used as a trading pair and stabilizing asset in various trading pools.

Portfolio Pulse from Murtuza Merchant

June 13, 2024 | 1:01 pm

Tether Holdings plans to invest over $1 billion in AI, biotech, and financial infrastructure over the next 12 months. The company is diversifying its business model beyond stablecoins, maintaining a strong reserve strategy, and expanding into digital token bonds and equity issuance.

Portfolio Pulse from Khyathi Dalal

June 11, 2024 | 6:11 pm

JPMorgan's recent report highlights the uncertain future of cryptocurrency regulation in the US, with potential opposition to CBDCs and non-compliant stablecoins. Key regulatory initiatives are stalled, creating a mixed outlook for the crypto industry.

Portfolio Pulse from Murtuza Merchant

June 06, 2024 | 4:15 pm

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