Companies from Robinhood to Revolut are considering launching stablecoins, betting that tighter regulation in Europe and elsewhere will eventually weaken Tether Holdings Ltd.’s control over the rapidly expanding $170 billion digital-asset space.
JinseFinanceRobinhood and Revolut are considering launching stablecoins to enter the $170 billion market, amid evolving EU regulations. With Tether’s USDT dominating, both companies face competitive challenges and regulatory uncertainties.
Huang BoTether Treasury's substantial transfer of USDT tokens to Bitfinex, valued at $229,956,875, has stirred interest within the crypto community. As the market reacts to Bitcoin's recent swings and Tether's significant move, the impact on overall market dynamics remains to be seen.
Cheng YuanUSDT is also present on Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron, and Kava
BeincryptoThe order relates to a lawsuit that alleges unbacked USDT issuances have caused $1.4 trillion in damage to the market.
OthersTether said the hedge funds that saw Terra’s collapse as a reason to short USDT have “a fundamental misunderstanding of both the cryptocurrency market and Tether."
CointelegraphNewly surfaced reports revealed that some hedge funds are now shorting Tether USDT. A Monday report from the Wall Street ...
BitcoinistThe asset will also be available on twelve other networks, including Ethereum, Solana and Polkadot, among others.
CointelegraphWith a peso-backed stablecoin, Tether is essentially “recreating the foreign exchange market with a Tether product,” Ardoino said.
CointelegraphTether has yet to issue a statement explaining exactly why it blacklisted the three addresses, but it has done so before to comply with law enforcement and to assist the exchange after a cyberattack.
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