Tether Plans US-Only Stablecoin In Response To Trump’s Regulatory Support
As the cryptocurrency landscape in the United States undergoes significant changes under Trump’s second administration, Tether, the company behind the largest stablecoin, USDT, is considering launching a US-exclusive stablecoin. This potential move comes in response to ongoing discussions about regulatory frameworks for digital assets, which Tether’s CEO, Paolo Ardoino, believes could encourage new entrants into […]
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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....
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, 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 […]
Tether, the company behind the widely used stablecoin $USDT, is taking its next major step in the U.S. market. The firm has announced plans to roll out a new dollar-backed stablecoin called $USAT, designed to be fully compliant with U.S. regulations. And despite its expansion plans, the company has made one thing clear: it will remain a private enterprise. Navigating New Regulations The GENIUS Act clarified the US stablecoin landscape, and Tether is wasting no time in taking advantage. The law requires stablecoins issued domestically to be: backed by high-quality, liquid, U.S.....
Tether expects to be part of industry innovation in the United Kingdom as the country is planning to adopt stablecoins as a means of payment. Major stablecoin company Tether is expanding its stablecoin offering with a new cryptocurrency pegged to the British pound sterling (GBP).Tether officially announced on June 22 that its upcoming GBP-pegged stablecoin, GBPT, will launch in early July and will initially support the Ethereum blockchain.GBPT will be a stable digital currency pegged on the 1:1 ratio to the GBPT, aiming to provide a faster and cheaper option for asset transfers.GBPT joins....