PYMNTS-MonitorEdge-May-2024

Tether

Visa: Circle Surpasses Tether in Stablecoin Transaction Race
Visa: Circle Surpasses Tether in Stablecoin Transaction Race
April 29, 2024  |  Cryptocurrency

Circle’s USDC coin has begun to exceed Tether in terms of stablecoin transaction volume. That’s according to Visa’s new stablecoin transaction metric, created with Allium Labs to “remove potential distortions that can arise...

READ MORE >
Tether and Telegram Join Forces to Enable Crypto Payments
Tether and Telegram Join Forces to Enable Crypto Payments
April 19, 2024  |  Cryptocurrency

Stablecoin issuer Tether has partnered with the TON Foundation to enable customers to send cryptocurrency payments using encrypted messaging service Telegram. This collaboration aims to...

READ MORE >
UK and US Investigate $20 Billion in Crypto Transfers to Russia
UK and US Investigate $20 Billion in Crypto Transfers to Russia
March 28, 2024  |  Cryptocurrency

Authorities are reportedly investigating billions in cryptocurrency transfers that moved through a Russia-based exchange. The probe into the $20 billion-plus payments is part of efforts by...

READ MORE >
Analysts Debate Role of Stablecoins as Tether Tops $100 Billion
Analysts Debate Role of Stablecoins as Tether Tops $100 Billion
March 05, 2024  |  Cryptocurrency

Tether, the leading global stablecoin, reportedly surpassed $100 billion in circulation this week. This milestone has fueled debate about the role of digital currencies in...

READ MORE >
JPMorgan Raises Concerns About Tether’s Compliance, Transparency
JPMorgan Raises Concerns About Tether’s Compliance, Transparency
February 01, 2024  |  Cryptocurrency

Tether is making headlines in the cryptocurrency market as its USDT token approaches $100 billion in market capitalization, the largest on the market.  While this milestone signifies Tether’s...

READ MORE >
Tether Says USDT Market Cap Climbs Toward $100 Billion
Tether Says USDT Market Cap Climbs Toward $100 Billion
January 31, 2024  |  Cryptocurrency

Tether, issuer of USDT stablecoin, says its flagship digital asset is worth nearly $100 billion. The company on Wednesday (Jan. 31) released earnings showing that...

READ MORE >
Stablecoin Lobbying Efforts Surge Ahead of 2024 Congressional Debate, Election
Stablecoin Lobbying Efforts Surge Ahead of 2024 Congressional Debate, Election
December 20, 2023  |  Cryptocurrency

The cryptocurrency industry’s lobbying efforts over the regulation of stablecoins reportedly saw an increase in spending throughout 2023. Stablecoins, which serve as a bridge between...

READ MORE >
Feds Seize $9 Million in Crypto ‘Pig Butchering’ Scam Probe
Feds Seize $9 Million in Crypto ‘Pig Butchering’ Scam Probe
November 21, 2023  |  Cryptocurrency

Federal authorities have seized almost $9 million in cryptocurrency tied to a scam ring. The U.S. Justice Department (DOJ) announced Tuesday (Nov. 21) the seizure of...

READ MORE >
‘Crypto Sleuths’ Query Alameda Research’s Tether Transactions
‘Crypto Sleuths’ Query Alameda Research’s Tether Transactions
October 30, 2023  |  Cryptocurrency

FTX founder Sam Bankman-Fried’s criminal trial has reignited another mystery. As Bloomberg News reported Monday (Oct. 30), “crypto sleuths” are examining the relationship between FTX’s sister...

READ MORE >