Tether Stays On Top, But These Three Competitors Are Closing In On USDT
The recent passage of the GENIUS Act introduced a new regulatory framework for stablecoins, such as Tether (USDT), drawing increasing attention from traditional and cryptocurrency firms. Tether’s Regulatory Challenges And Rising Rivals With the stablecoin market growing from $120 billion in October 2023 to $288 billion as of August, Tether’s USDT continues to hold its position as the largest stablecoin. However, the Motley Fool team has identified three emerging contenders that are poised to disrupt the company’s dominance and present significant competition. Tether commands nearly....
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On Monday, the stablecoin issuer Tether Operations Limited announced that the stablecoin tether is now supported by the Near blockchain network. Following a number of recent implementations, Near will be the 14th blockchain network that hosts the largest stablecoin by market capitalization. Tether Connects With the Near Protocol Tether has revealed that tether (USDT) is now supported by the Near (NEAR) network, a smart contract blockchain system launched in April 2020. Near’s market valuation makes it the tenth largest smart contract token by market cap, and the 25th out of all....
Coinbase announced on Thursday that its Pro trading platform will add stablecoin Tether (USDT). Coinbase Pro will list ERC-20 based USDT over Tether’s in-house Tron network (TRC-20) as early as next week. Tether is a stablecoin available across several blockchains that is pegged to the US dollar. For USDT, the company behind the protocol is […]
Tether has announced that the company’s stablecoin USDT will be available at 24,000 ATMs across Brazil, starting from the 3rd of next month. 24,000 ATMs In Brazil Will Offer Tether USDT Conversions Starting 3 November As per an announcement on the firm’s website, the Brazilian crypto services provider SmartPay will be handling the USDT roll […]
Tether USDT is the largest stablecoin by market cap. Also, the token ranks among the top five in the overall market capitalization of all crypto assets. Through several progressive road maps and other development plans, Tether USDT has risen over the years. Recently, the stablecoin announced its launch on Polkadot. USDT is a product of […]
Tether has frozen a total of 215 USDT addresses on Ethereum in 2022 so far, according to data compiled by ETH researcher Philippe Castonguay. Major stablecoin issuer Tether froze yet another batch of USDT on the Ethereum blockchain, freezing more than $8 million worth of the cryptocurrency.Crypto monitoring resource Whale Alert has identified several transactions indicating that Tether froze three USDT addresses on Oct. 10.According to data from transaction logs on Etherscan, the frozen addresses hold 3.4 million USDT, 1.95 million USDT and 2.9 million USDT. The addresses are no longer....