Tether has allegedly minted $10 million in its largest stablecoin by market value on the TON blockchain in a move signaling potential expansion. Tether Holdings Ltd.’s USDT, the world’s largest stablecoin, is now available on the TON blockchain, as the firm’s transparency report indicates an issuance of $10 million on the network. As of press time, Tether made no public...
The TON Foundation team announced the launch of an incentive program dedicated to cooperation with Tether. According to a recent post, 11 million Toncoin (TON) have been allocated to reward early USDT users in the TON network. The campaign aims to encourage the adoption of the stablecoin online. “USDt on TON will be accompanied by fully integrated...
Tether announced a reorganization to expand into other areas besides stablecoins. Tether has announced reorganizing its structure into four divisions and a new vision to expand beyond the stablecoin sector. According to a press release, the issuer of USDT stablecoin intends to expand its influence in the web3 industry significantly. According to available information, four new divisions will operate within the updated...
Tether mints another batch of USDT stablecoins, issuing two billion in two days. Lookonchain experts note that Tether, the issuer of the USDT stablecoin, has authorized the issuance of another billion coins on the Tron blockchain. The new release of 1 billion USDT occurred just two days after a similar release on April 2. At the time of writing, Tether...
Cryptocurrency exchange Binance will force the conversion of 15 tokens into USDT. The reasons for Binance’s decision are unclear at press time. According to today’s platform announcement, Binance will convert tokens into USDT based on users’ funds in their Binance wallets at midnight on April 21. However, users can withdraw the airdropped or delisted tokens until this time. After the specified time,...
Justin Sun, the founder of the Tron blockchain, contested the UN report’s assertions on USDT, pointing out factual inconsistencies and affirming Tron’s dedication to maintaining blockchain integrity. The UN report highlighted concerns over the misuse of blockchain technology, focusing on the role of USDT in money laundering and scams, particularly in Southeast Asia. In a Jan. 19 X post, Sun acknowledged these...
