Stablecoin Giant Tether Blocks $4.2 Billion In Crypto Over Crime Concerns
Tether, the company behind the world’s most widely used stablecoin, USDT, has revealed that it has frozen approximately $4.2 billion worth of its tokens tied to suspected illicit activity, with the majority of those actions taking place over the past three years. Tether Expands Crackdown On Criminal Use Of USDT Tether said that just this […]
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This week the stablecoin giant tether reached a market capitalization of roughly $78.2 billion according to data. Over the last 30 days, tether’s market valuation grew by 5.6% and the stablecoin now represents 46% of the $168.3 billion stablecoin economy. Tether Market Cap is Less Than $2 Billion Away From Reaching $80 Billion On December 30, 2021, there’s roughly 78.2 billion tether (USDT) in circulation, according to coingecko.com’s top stablecoin by market capitalization statistics. According to Tether Limited’s transparency report published to the tether.to....
Tether has not issued a statement giving a specific reason for blacklisting three addresses, but it has done so before to comply with law enforcement and aid exchanges after cyber attacks. Tether has added three more Ethereum addresses, holding more $150 million worth of the USDT stablecoin between them, to its blacklist.As a centralized company, Tether is able to blacklist addresses it believes are involved in crime, money laundering — or for any other reason it chooses.This is the first time Tether has blacklisted an address in 2022 but it added 312 addresses to the blacklist last year....
As the market capitalization of the stablecoin tether nears $80 billion, with its current $77.9 billion valuation, data from onchain researchers at Santiment indicates that tether addresses valued at $1 million own more than 80% of the entire supply. Tether’s Whales Command More Than 80% of the Supply The U.S. dollar-pegged stablecoin has grown exponentially during the last few years and according to today’s metrics there’s 77.9 billion tether (USDT) in circulation today. Tether is the most dominant stablecoin out of all the stablecoins in existence in terms of market....
The blockchain stablecoin issuer Tether Operations Limited has recently surpassed a $50 billion market valuation after seeing exponential growth during the last few years. Furthermore, the stablecoin tether has launched on the trading platform Coinbase Pro this week marking the San Francisco-based exchange’s first time supporting the dollar-pegged token. Tether Market Cap Increases by 170% in 6 Months The blockchain company has reached a milestone this week as the firm’s dollar-pegged token USDT has surpassed a $50 billion market capitalization. Back in November 2020,....
The largest stablecoin by market capitalization, tether has announced the launch of tethers on the Avalanche blockchain protocol. The stablecoin tether has launched a myriad of blockchain networks and today there’s more than 74.8 billion tethers in circulation today. Tether Launches on Avalanche On Wednesday, Tether Operations Limited, the firm that issues the stablecoin asset tether (USDT) has announced the launch of USDT on Avalanche (AVAX). The crypto exchange Bitfinex has also revealed it will support Avalanche-native USDT tokens on the exchange. Avalanche (AVAX) is a smart....