AD
Market Cap (Mcap)
Rank
#3Mcap
$114.11BFully Diluted Mcap
$114.11BSupply
Circulating
114,084,704,813Total
N/ACreated On
N/AAll Time High (ATH)
ATH
$1.32ATH Change
-24.43%ATH Date
Jul 24th, 2018Total Value Locked (TVL)
TVL
N/AMCap to TVL Ratio
N/AFDV to TVL Ratio
N/A
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Weekly Reports: A Deep Dive into Crypto and NFT alphas
If you're looking to keep up with the fast-moving world of crypto and NFTs, The Alpha Report has got you covered.
Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.
Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.
July 12, 2024
AIRDROPS: Stone age
July 12, 2024
ALPHA: Free Champions
July 5, 2024
AIRDROPS: It's Symbiotic
July 5, 2024
ALPHA: Generative AF
June 28, 2024
AIRDROPS: Blast into Scroll
June 28, 2024
ALPHA: Giga PFPs on Solana
June 21, 2024
AIRDROPS: Lots of Linea
June 21, 2024
ALPHA: Entangled on fx(hash)
June 14, 2024
AIRDROPS: Photon Blaster
June 14, 2024
ALPHA: Whatup BabesLearn about Tether
Tether News
Jul 11, 2024
Coins
$11 Billion Marketplace With Ties to Cambodia's Elite Linked to Crypto Scams
Online marketplace Huione Guarantee has facilitated transactions worth at least $11 billion for crypto scam operators in Southeast Asia, according to blockchain analytics firm Elliptic. Huione operates like a darknet marketplace, facilitating cyber scams in Southeast Asia. The marketplace operates through thousands of instant messaging app channels, each run by different merchants, and predominantly uses the USDT stablecoin for payments, a Wednesday report by the firm said. "When blockchain anal...
Jun 24, 2024
Coins
Tether Stops Minting USDT Stablecoin on EOS and Algorand
Stablecoin issuer Tether on Monday announced its decision to stop minting its USDT stablecoin on the Algorand and EOS blockchains. Effective immediately, Tether will no longer issue new USDT tokens on Algorand and EOS. The company, in a blog post, stated that this move is a step towards optimizing its blockchain ecosystem by prioritizing community-driven support and resource allocation. However, the company will continue to support the redemption of USDT on these blockchains for the next 12 mont...
Jun 17, 2024
Coins
Tether Drops Another Dollar-Pegged Stablecoin—But It's Backed By Gold
Stablecoin giant Tether unveiled a new stablecoin on Monday which, much like USDT, is designed to track the price of the U.S. dollar. Unlike the pre-existing USDT token, however, the newborn “Alloy” (aUSDT) token will be backed by overcollateralized gold reserves rather than government debt. “aUSDT unifies the most popular currency in the world with the store of value used by humanity for the last 5,000 years,” wrote Tether on Twitter. 3/ In the case of Alloy by Tether, aUSD₮ is over-collateral...
Jun 6, 2024
Markets
Stablecoin Giant Tether Now Owns 25% of Bitcoin Miner Bitdeer
Stablecoin issuer Tether now controls 25% of shares for Bitcoin miner Bitdeer, according to a recent U.S. Securities and Exchange Commission filing. That makes the company behind Tether (USDT) the second-largest shareholder of the BTC miner's shares, behind Victory Courage Ltd., which is registered to Bitdeer CEO Jihan Wu. Before being appointed in March 2024, Wu was co-founder and former CEO of ASIC manufacturer Bitmain. At the time of writing, Bitdeer shares are trading for $7.15, up 2% since...
May 6, 2024
Coins
90% of Ethereum, Tron, Solana Stablecoin Transactions Are ‘Inorgranic Activity’, Visa Says
Nearly all stablecoin transactions are tied to “inorganic activity,” according to payments giant Visa and enterprise blockchain data provider Allium. The companies have launched a new data dashboard designed “to remove potential distortions that can arise from inorganic activity and other artificial inflationary practices,” and its adjusted figures reveal upwards of 90% of tracked transactions occur without human involvement. The dashboard tracks Tether's eponymous USDT, Circle's USDC, Paxos's U...
May 1, 2024
Business
Tether Netted $4.52 Billion Q1 Profit Thanks To Bitcoin Gains
Tether posted a record-shattering $4.52 billion profit in the first quarter—an unusually large sum even for the highly successful and dominant stablecoin provider. Per its Q1 2024 attestation report published on Wednesday, the company earned approximately $1 billion in net operating profits from its U.S. Treasury holdings. These short-term T-bills comprise the vast majority of Tether’s reserves, which back its $110 billion dollar-pegged stablecoin, USDT. The rest, however, can be credited to mas...
Apr 19, 2024
Business
Tether Launches USDT on TON Network, Telegram Wallet in Boon for Messaging App
Onstage at Token 2049 in Dubai, the CEOs of Tether and Telegram jointly announced on Friday that USDT—the largest stablecoin in the world—will launch on the The Open Network (TON) and the Wallet bot on Telegram, in a bid to both expand Telegram’s crypto presence and accelerate the growth of the TON blockchain in its own right. “The launch of USDT on TON will allow seamless value transfer globally in a simple experience that can match even the traditional financial system,” Tether CEO Paolo Ardoi...
Apr 1, 2024
Markets
Tether Now Holds Over $5 Billion Worth of Bitcoin to Back USDT
Stablecoin issuer Tether now holds over $5 billion worth of Bitcoin, according to public blockchain data. Arkham Intelligence data—which tracks the crypto giant’s wallet—reveals that the company now holds over 75,354 Bitcoin, worth more than $5.1 billion as of this writing, after the firm bought 8,889 BTC in the first quarter of this year. Tether is the company behind the third-biggest cryptocurrency by market cap, USDT. The company is one of the biggest Bitcoin holders, and has said its strat...
Mar 26, 2024
Artificial Intelligence
USDT Maker Tether Pushes Into AI, Prioritizing ‘Transparency and Privacy’
Tether, the blockchain company behind the USDT cryptocurrency, is expanding into artificial intelligence, the firm said on Tuesday. The move, Tether said, aims to advance the accessibility and efficiency of artificial intelligence. According to Tether, its AI focus will include developing open-source, multimodal AI models and “new industry standards.” "Artificial intelligence stands poised to revolutionize nearly every facet of our lives, both in the real and digital worlds," CEO of Tether Paolo...
Jan 18, 2024
Markets
Tether Snaps Up More Bitcoin, Brings Holdings to $2.8 Billion
Stablecoin giant Tether has bought more Bitcoin (BTC), bringing its total holdings of the digital asset to over $2.8 billion. Blockchain data shows a BTC address associated with Tether received 8,888 BTC—$379 million—at the end of December. The buy brought Tether’s holdings to a total of 66,465 BTC. That means it is one of the biggest private companies holding BTC. Tether snapped up BTC constantly throughout 2023. In May, the company announced it would begin using profits to buy Bitcoin to hol...
Nov 22, 2023
Coins
Binance Moved $3.9B in Tether From Cold Wallet Days Ahead of DOJ Settlement
Crypto exchange Binance and its CEO pleading guilty to money laundering charges sheds new light on why the company may have been moving billions worth of stablecoins in the weeks before the settlement was finalized. A $3.9 billion Tether (USDT) transaction, completed on November 9, is uncannily close in value to the $4.3 billion penalty that Binance agreed to pay as part of its settlement. Most of the money moved out of one Binance cold wallet (Binance-Cold 2) into another of its wallets (Binanc...
Nov 20, 2023
Law and Order
Tether Freezes $225M USDT Feds Say Is Linked to Human Trafficking
Crypto giant Tether, which issues the third-largest digital currency USDT, today announced that it had frozen $225 million believed to belong to a human trafficking syndicate to help the U.S. Department of Justice. In a Monday blog post, the stablecoin issuer said the freezing of the crypto was to help the DOJ. Self-custodied digital wallets holding USDT were linked to a human trafficking syndicate in southeast Asia, Tether said. The criminals were running a "pig butchering" scam. It's a type of...
Nov 3, 2023
Markets
Stablecoin Supply Has Bottomed Out—Is It Bullish for Crypto?
Notable crypto talking heads are calling it: there's now only one way things can go. “I believe that the supply of stables has bottomed and will be Up Only from here,” tweeted Nic Carter. After dropping for most of 2023, the total supply of all stablecoins appears to have stalled. But why? Instead of stablecoin holders pulling their digital dollars from the market (and redeeming real dollars), they’re doing the opposite. “For the first time in two years, we are actually seeing inflows,” wrote Tw...
Oct 25, 2023
Technology Guides
What Are Stablecoins and How Do You Use Them?
Since their inception, cryptocurrencies have been considered particularly volatile investment instruments when it comes to their price. That's led to price jumps and crashes, preventing cryptocurrencies from being used for everyday goods and services in some cases, due to the risks for vendors and merchants. That's where stablecoins come in. The theory goes, if you create a currency that is 'pegged' or attached to a regular fiat currency like the US dollar or something else with a relatively sta...
Oct 16, 2023
Business
Tether Freezes Wallets Linked to Terrorist Groups in Israel and Ukraine
Tether, the world’s largest stablecoin issuer, has announced a freeze on 32 blockchain addresses with connections to terrorist groups in both Israel and Ukraine. In a Monday statement, the company said it has been combatting crypto-funded crime in collaboration with Israel’s National Bureau for Counter Terror Financing (NBCTF). In total, the frozen addresses hold $873,118.34 worth of assets. “Tether’s ability to freeze and return stolen funds to legitimate users demonstrates the innovative new c...
Oct 13, 2023
Coins
Tether CEO Steps Down, Naming Paolo Ardoino as Successor at Stablecoin Issuer
Stablecoin giant Tether has appointed the company’s Chief Technology Officer (CTO) Paolo Ardoino as CEO, assuming the role formerly held by Jean-Louis van der Velde (JL). Ardoino will formally assume his leadership role beginning in December while continuing to operate as CTO. He also remains CTO of crypto exchange Bitfinex, and Chief Strategy Officer of Holepunch, an app development platform. Meanwhile, van der Velde will continue to act as an advisor while retaining his role as CEO of crypto e...
Sep 28, 2023
Business
Binance Urges Euro Users to Convert to Tether After Bank Partnership Ends
Binance prompted European Paysafe users to convert their EUR balances to Tether’s dollar-pegged stablecoin USDT before October 31. The crypto exchange indicated in a statement that this decision was made after its banking partner Paysafe “unilaterally decided to stop processing EUR deposits for Binance users.” On September 25, Paysafe had already signaled its intentions by suspending euro deposits. Until then, the firm was managing Binance’s European users’ fiat deposits and withdrawals. Accordi...
Sep 21, 2023
Law and Order
CBDC Anti-Surveillance Bill Passes House Committee Despite Push Back From Democrats
The House Financial Services Committee (HFSC) passed the CBDC Anti-Surveillance State Act on Wednesday, readying the legislation for a future vote on the House floor. Proposed by crypto-supportive Congressman Tom Emmer (R-MN), the legislation aims to bar the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) to individuals. Emmer has referred to CBDCs as “financial surveillance tools.” Numerous Presidential candidates including Florida Governor Ron DeSantis and Robert F. Kenned...
Sep 21, 2023
Coins
Tether Resumes USDT Loans, Insists It Maintains Excess Reserves
Stablecoin issuer Tether has resumed providing new loans denominated in USDT to clients, a move that comes nearly a year after the company had announced its intention to discontinue offering collateralized loans in 2023. The revelation comes from the company's latest quarterly financial update, which indicates an increase in USDT-denominated loans. As of June 30, the report showed assets that included $5.5 billion in loans, up from $5.3 billion in the previous quarter. The Wall Street Journal ea...
Sep 11, 2023
Business
Bitfinex and Tether CTO Paolo Ardoino to Testify in Market Manipulation Lawsuit
Bitfinex and Tether’s CTO Paolo Ardoino will be deposed this week as part of a years-long class-action lawsuit against both firms and their associated insiders, according to a New York judge’s order filed on Monday. Tether and Bitfinex’s counsel had asked for Ardoino’s deposition to be delayed to early October. In a court filing on Friday, the firms’ counsel said a protracted negotiation over the scope of topics in Ardoino’s deposition left the defendants with too little time. “Defendants simply...
