Ethereum Watch

Tether, the powerhouse behind the world’s largest stablecoin by trading volume, USDT, has unveiled a strategic plan to expand its presence in the US market, a landscape that has evolved significantly under the Trump administration.  Advertisements With the recent enactment of the GENIUS Act, which establishes a new regulatory framework for stablecoins and cryptocurrency firms […]

Tether, the issuer behind the leading stablecoin, USDT, has made headlines by acquiring $1 billion worth of Bitcoin—approximately 8,800 BTC—during the third quarter of this year.  Advertisements While many investors have reacted positively to this significant investment, caution has emerged from industry experts like Jacob King, CEO of SwanDesk, who warns that this move may […]

The recent passage of the GENIUS Act introduced a new regulatory framework for stablecoins, such as Tether (USDT), drawing increasing attention from traditional and cryptocurrency firms. Advertisements Tether’s Regulatory Challenges And Rising Rivals With the stablecoin market growing from $120 billion in October 2023 to $288 billion as of August, Tether’s USDT continues to hold […]

Tether, the company behind the market’s largest stablecoin USDT, has announced major financial results for the second quarter (Q2) of the year, reporting a net profit of $4.9 billion.  Advertisements Tether Achieves $5.7 Billion In Earnings For H1 2025 According to the report, this surge in profitability comes amid the issuance of over $13.4 billion […]

In a recent report by the Wall Street Journal (WSJ), it was alleged that Tether is currently under federal investigation for potential violations related to sanctions and anti-money laundering (AML) regulations in the US.  Advertisements The inquiry, reportedly led by prosecutors from the Manhattan US Attorney’s Office, is said to focus on whether Tether’s stablecoin, […]

Advertisements Summary: USDT issuer Tether supports Ethereum’s upcoming proof-of-stake transition. Tether stressed only ETH PoS would receive backing. Support for hard-forked proof-of-work Ethereum chains seems unlikely at press time. The top two stablecoins have declared full support for the Merge. Other protocols like Chainlink and exchanges like Coinbase have announced similar decisions. Tether, the digital […]

Advertisements Quick take: Tether (USDT) has launched on the Polygon (MATIC) network. Polygon’s DeFi ecosystem is set to benefit from Tether’s availability on the network. USDT issued on Tron continues to be higher than that issued on Ethereum. A total of $72.537 billion Tether is in circulation with the stablecoin remaining at the number three […]

Advertisements Summary: Circle’s team has stated it is committed to providing weekly reserve reports for USDCoin (USDC). Tether also issued its latest assurance report on USDT’s reserves earlier this week. Both Circle and Tether’s commitment to transparency comes in the wake of increased anxiety and scrutiny of stablecoins as a result of UST’s massive crash […]

Advertisements Summary: USDC’s reserves are 77.1% ($39 billion) in US Treasuries and 22.9% in Cash ($11.6 billion) The reserves are worth $50.6 billion and match the amount of USDC in circulation Circle, the parent company of USDC, is committed to transparency and trust concerning the stablecoin The update on USDC’s reserves comes at a time […]

Advertisements Encrypted crypto donations to Ukraine have hit $13 million This includes 1,349 Ethereum, 204 Bitcoin and various amounts in Tether (USDT) and USD Coin (USDC) The donations of Ethereum and Bitcoin could be what has stabilized the value of BTC and ETH in the last few days A constant flow of crypto donations and […]