La capitalisation boursière de l'USDT atteint un record de 93 milliards de dollars alors que Tether frappe davantage

Tether, l'émetteur du stablecoin USDT, a récemment émis un milliard de jetons supplémentaires sur la blockchain Ethereum. Cette augmentation significative de l'offre a poussé la capitalisation boursière de l'USDT à un niveau sans précédent de 93 milliards de dollars.

Timeline of Tether

Tron (TRX) founder Justin Sun has allegedly initiated a massive USDT transfer to Binance, the world's leading cryptocurrency exchange. This move, involving millions of dollars, occurred as the cryptocurrency market witnessed a downward trend.

Arthur Hayes, CIO of Maelstrom and former CEO of Bitmex, discussed the eventual demise of Tether and other stablecoin companies. Hayes explained that Tether's business model, which consists of taking dollars and investing in treasuries, will eventually be cannibalized by big banks like JPMorgan when they get allowed to issue fiat-backed stablecoins.

Tether, led by CEO Paolo Ardoino, recently conducted a comprehensive review of its trajectory from inception to its current position in the cryptocurrency landscape. Ardoino expressed satisfaction with the company's achievements, highlighting the remarkable $91.5 billion market cap of the USDT stablecoin across various blockchains.

Tether CEO Paolo Ardoino made a retrospective about the company's growth since its beginnings. In a post in X, Ardoino celebrated the current standing of the company, with its USDT stablecoin reaching a $91.

A recent report from the South China Morning Post (SCMP) explains the enabling role that Tether's USDT has on the underground Chinese-linked economy of Cambodia. The stablecoin is allegedly used in different activities like sidestepping capital controls for Chinese nationals, who can use it as an exchange device to acquire tools to facilitate online scams.

Tether, the stablecoin company, has confirmed it has collaborated extensively with a series of U.S government agencies, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and the Secret Service. These team-ups are focused on making the stablecoin ecosystem safer for all participants and aiding law enforcement actions against bad actors.

Tether, the corporation behind the Tether stablecoin, published letters to US politicians addressing calls for involvement by the Department of Justice (DOJ) with respect to the criminal usage of its stablecoin.

Stablecoin issuer Tether is looking to increase its crackdown on illicit crypto transactions by sharing its recent letters to members of the U.S. House Financial Services Committee.

Tether, which claims to be the leader in innovative blockchain technology, has announced recently a “significant” collaboration with Bitkub Online Co., Ltd. (Bitkub Exchange), Thailand's cryptocurrency exchange (reportedly one of the most active in terms of crypto trading volume).

S&P Global Ratings assigned a "constrained" stability assessment to stablecoin issuer Tether (CRYPTO: USDT), raising concerns due to limited transparency in its reserve management and asset composition. What Happened: The firm's assessment of '4' reflects concerns over the lack of detailed information about the custodians, counterparties, or bank account providers of USDT's reserves.