Tether Rescinds Decision To Halt Operations On 5 Blockchains
Tether, the company behind the world’s largest stablecoin USDT, has discarded its plans to completely sunset USDT operations on five blockchains—Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. The crypto company announced the initial plan to disable its stablecoin support on these legacy chains in July, citing a shift in its business strategy. Tether […]
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Stablecoin operator Tether has announced its decision to discontinue support for its offshore Chinese Yuan token CNH₮. The USDT operator has attributed this development to a lack of market demand, among other points. Related Reading: Stablecoin Yield ‘Effectively Off The Table’: White House Narrows Rewards Debate In Latest Meeting Tether To Terminate CNH₮ Redemption In […]
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....
Tether has thus far only frozen USDT funds held in private wallets when requested by law enforcement. According to blockchain transaction data provided by WhaleAlert.io on Nov. 10, Tether appears to have frozen 46,360,701 USDT ($46,274,472) owned by troubled cryptocurrency exchange FTX in its Tron blockchain wallet. The move comes one day after the U.S. Securities and Exchange Commission and the U.S. Justice Department began investigating FTX over its liquidity crisis. A spokesperson from Tether stated on Oct. 11 that the firm only freezes privately held wallets when it firm receives a....
Amid speculation that Tether, issuer of the largest stablecoin in the crypto market USDT, could launch its blockchain, the company’s CEO, Paolo Ardoino, has addressed the rumors with key details. Tether Abandons Plans To Launch Own Blockchain In an interview with Bloomberg News, Ardoino acknowledged Tether’s technological capabilities but noted that blockchains are rapidly becoming […]
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 […]