Tether Archives - CoinObserver.net

Tether Treasury’s Expansion on Ethereum Network

OarSmaN E.E.3 months ago2 months ago04 mins

Tether Treasury’s Latest Move According to the Whale Alert data, Tether Treasury put 1 billion USDT into the Ethereum blockchain on (date). This significant transaction occurred at 17:43:59 Beijing local time on the 19th of April. Tether’s CEO Paolo Ardoino confirmed that the massive addition was rather a provisioning to their Ether holdings. This mechanism…

The Rise of Yield-Generating Stablecoins

OarSmaN E.E.4 months ago4 months ago04 mins

Tether, with its staggering $100 billion USDT in circulation, has long reigned supreme in the stablecoin realm, encompassing over 70% of the market. Nevertheless, a fresh wave of stablecoin contenders has emerged, poised to rival Tether’s dominance by introducing yield incentives. Challenging Tether’s Hegemony Tether’s stronghold is largely attributed to its investments in US Treasuries,…

Tether Responds to UN’s “Illicit” Accusations: “Understanding Blockchain is Essential”

OarSmaN E.E.6 months ago6 months ago06 mins

The United Nations recently reported illicit USDT use, prompting Tether to issue a comprehensive response. However, Tether emphasized the benefits of their stablecoin in emerging economies, which the UN report allegedly neglected. Moreover, they highlighted the long-standing prevalence of money laundering in traditional banking systems. On the other hand, the UN report did not consider…