Latest USDT News and Insights | Yellow.com

The England High Court of Justice has dropped a bombshell. It's ruled that Tether's USDT stablecoin is property. This verdict's got the crypto world buzzing. Crypto pundit GS took to X (formerly known as Twitter) to break it down. He reckons this could be a game-changer for USDT adoption. Why? It's all about cutting through the regulatory fog. "This ruling provides a clear legal framework for cryptocurrencies like USDT," GS posted. It's a green light for investors, signaling USDT's legitimacy and stability. But here's the kicker: GS thinks this could set off a global domino effect. It's one of the "first detailed recognitions of cryptocurrency as [a] property," he notes. Other jurisdictions might follow suit, and that could mean smoother sailing for crypto regulations worldwide. Not everyone's popping champagne, though. GS points out a potential fly in the ointment. Legal recognition could mean Tether faces more regulatory scrutiny, that might also lead to stricter compliance rules. There's more. This ruling could open Pandora's box of legal battles for Tether. If there are any skeletons in Tether's reserve closet, they might come tumbling out. GS warns this could spark "volatility or a drop in trust if negative information emerges." Some crypto die-hards might not be thrilled either. They dig the whole 'no government oversight' vibe. GS reckons increased regulation could spook them and they might jump ship to "less regulated or more privacy-focused assets." So, what's the market going to make of all this? GS says it's not a clear-cut bullish or bearish scenario. It'll depend on how the crypto grapevine spins it and how Tether plays its cards. Short-term, we might see a bull run due to the "novelty and positive media coverage." Long-term? It's anyone's guess. It'll hinge on how Tether adapts to its new legal status. GS doesn't see this causing major waves in the broader crypto market just yet. Unless it messes with trading volume, investor sentiment, or global regulations, that is. This UK ruling isn't happening in a vacuum. The British government's also cooking up a bill to classify crypto and tokenized assets as personal property. Looks like the crypto legal landscape is in for a shake-up.

Tether, TRON, and TRM Labs have teamed up. They're launching a private sector crime unit. It's called the T3 Financial Crime Unit (T3 FCU). The goal? To fight dodgy USDT use on the TRON blockchain. USDT is the biggest stablecoin out there. It's also become a go-to for some shady dealings. The new unit wants to change that. "We're creating a safer crypto community for everyone," the companies said in a joint statement. They're not messing around. The T3 FCU has already frozen over $12 million linked to scams. TRON founder Justin Sun chimed in. "We believe tech can be used for good," he said. "This collaboration sends a clear message. Illicit activity isn't welcome in our industry." The move comes as USDT usage skyrockets, it's now surpassed Visa in transaction volume. That's huge. In countries with weak economies, people are turning to USDT, trying to hedge against inflation. Tether's been busy on the crime-fighting front. Earlier this year, they helped the U.S. Department of Justice recover $5 million in USDT. That's no small potatoes. This new unit brings together some serious expertise. TRM Labs is a top blockchain intelligence firm. TRON's a major player in the blockchain world. And Tether? They're the biggest fish in the digital asset pond. The focus right now is on TRON. But who knows? If this works out, we might see similar efforts on other blockchains. It's a bold move in a wild west industry. Will it work? Only time will tell. But one thing's for sure – the crypto world is growing up fast. This initiative could be a game-changer. It's not just about catching bad guys. It's about building trust in crypto.

Tether Holdings, the big cheese behind USDT, has ditched plans to launch its own blockchain. The move comes as the market bursts at the seams with existing chains. Paolo Ardoino, Tether's CEO, spilled the beans to Bloomberg News. He reckons the market's already jam-packed. "We're tech whizzes, but blockchains will be a dime a dozen soon," Ardoino quipped. The stablecoin giant's decision stems from supply and demand principles. Ardoino pointed out that several top-notch blockchains already exist. USDT, with a $117 billion market cap, is a key player in global crypto trading and remittances. Tether's deep pockets could've easily funded a new blockchain. But market data backs their choice to hold off. DefiLlama shows the top five chains control about 86% of total locked assets across 306 chains. Ethereum leads the pack. It boasts $87.7 billion in total value locked (TVL) out of $133.2 billion across all chains. TRON isn't far behind. It manages $8.1 billion in TVL and supports 49% of USDT's supply. Blockchain success hinges on speed, low fees, use cases, and security. Ethereum's dominance stems from its first-mover advantage and flexibility for developers. The blockchain world has evolved into a multichain environment. Developers and issuers spread their activities across various platforms. Tether's focus remains on USDT's security and sustainability. "For us, blockchains are just transport layers," Ardoino stated. Concerns about USDT's backing assets persist in the crypto world. A recent UN report flagged Tron's popularity in cyber fraud and money laundering in Southeast Asia. Tether has dismissed these claims. They stress their cooperation with law enforcement and token traceability. Earlier this year, Tether partnered with Fuze to boost digital asset education in Turkey and the Middle East. The duo aims to tackle various aspects of digital asset education. In July, Tether introduced a new payment option in the Philippines. It allows people to pay social security contributions using USDT. The SSS is a state-run social insurance program. It supports employees in both formal and informal sectors.

Tether's just dropped a bombshell. The stablecoin issuer minted $1 billion USDT on the Tron network. This move brings their total minted tokens in the past year to a whopping $33 billion. Blockchain data spilled the beans on August 20. Tether created the tokens and sent them to its treasury wallet. Lookonchain, an on-chain analytics platform, crunched the numbers. The platform revealed some eye-opening stats. Tether's been busy. They've minted $33 billion in stablecoins over the last year. That's no small change. The breakdown is interesting. Tron network saw 19 billion USDT tokens minted. Ethereum wasn't far behind with 14 billion. This latest mint follows a similar move on Ethereum. On August 13, Whale Alert flagged a $1 billion transaction there too. Talk about déjà vu. Tether's CEO, Paolo Ardoino, chimed in on X. He called the Ethereum transaction a "USDT inventory replenish". It's authorized but not issued yet. What does that mean? Well, it's like restocking shelves. Tether's getting ready for future demand. They're creating USDT to meet upcoming issuance requests and chain swaps. Tether's staying mum on the Tron mint. But it's likely serving the same purpose as the Ethereum one. They're probably running low on USDT on Tron. Their Transparency page backs this up. As of August 19, Tether had only $36 million USDT tokens on Tron that were "authorized but not issued". Demand's looking strong on Tron. Speaking of Tron, it's leading the stablecoin supply market. Coin Metrics data from August 16 shows it commands 37.9% of the total market share. That's over $61 billion in stablecoins. Not too shabby. This move by Tether is raising eyebrows in the crypto world. It's a clear sign of growing demand for USDT, especially on the Tron network. As the stablecoin market continues to evolve, all eyes will be on Tether's next moves.

Tether, the firm behind USDT stablecoin, is rolling in dough. They've just posted a whopping $5.2 billion profit for the first half of 2024. That's not all. Their U.S. Treasury reserve is now massive. The company dropped this bombshell on July 31. Tether's Treasury portfolio has ballooned to $97.6 billion. This growth mirrors the surge in Tether stablecoins. These are backed 1:1 with liquid U.S. dollar assets. BDO, an independent accounting firm, checked the numbers. They seem legit. The total market cap of USDT is around $114 billion, according to Binance. Tether's total reserves exceed $118 billion. Tether's not messing around. Their Treasury reserve is now bigger than all but 17 governments worldwide. That includes heavyweights like Germany, UAE, and Australia. They're also third in buying 3-month U.S. Treasurys. The UK and Cayman Islands are still ahead. But Tether's gunning for the top spot. "Given the trajectory of USDT adoption, [Tether] sees the potential of becoming 1st in the next year," they said. The company's net equity hit $11.9 billion by June 30. That's all assets minus liabilities. Tether issued about $8.3 billion in Q2 alone. USDT keeps getting issued and redeemed. Paolo Ardoino, Tether's CEO, is pumped. He says their balance sheet lets them "continue leading the stablecoin industry in stability and liquidity." They're also branching out into AI, Biotech, and Telecommunications. Tether's not putting all its eggs in one basket. They're reinvesting profits in sustainable energy, Bitcoin mining, data, AI infrastructure, and more. They're even dabbling in neurotech and education. Stablecoins are taking off. Tether and its rival U.S. Dollar Coin are seeing rapid adoption. It's mostly due to demand for faster, safer cross-border payments. Research firm Sacra reckons stablecoins could outpace Visa, hitting $4 trillion in payment volume. Crypto's becoming a big player in the U.S. Treasury market. Along with tokenized real-world assets, it's driving demand. Tom Wan, a research strategist, thinks the tokenized U.S. Treasury market will hit $3 billion by end-2024. Looks like Tether's riding the wave.