USDT
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The profits were driven by interest earned on US Treasury holdings, as well as market gains on bitcoin and gold
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Roughly two-thirds of the net profit was due to appreciation of the stablecoin issuer’s gold and bitcoin reserves
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Only a handful of cryptocurrencies have ever been worth more than $100 billion — tether could be next
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The UN said USDT is among the most used tools for illicit financing, but the stablecoin issuer says the report ignores its benefits
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The frozen funds were linked to a “human trafficking syndicate in Southeast Asia”
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Specialized roles in marketing and finance see higher median salaries in the US compared to global figures, the survey found
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Huobi managed to stave off market concerns in its business, reflected in USDT stablecoin activity, rising to the second-highest in August spot trading activity
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Tether indicates that its $3.3 billion liquidity reserve surpasses the total circulating supply of USDT tokens
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The exchange also got rid of several BTC trading pairs, including ATOM, DOT, and MANA
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Tether inches closer to its all-time high market cap of $83.4 billion following comments from the former CFTC chair and the release of its assurance report
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Damage from the $11.6 million exploit appears contained to original version of DeFi protocol’s permissionless vaults
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Stablecoins have shifted dramatically in a hectic month for crypto, with offshore-banked Tether gaining almost as much as Circle has lost
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Tether is reportedly expecting another $700 million in Q1 profits, which would double down on its Q4 gains
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Traders can now access UK crude oil, palladium and platinum perpetual contracts on Bitfinex Derivatives
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USDT’s dominance is likely the result of headwinds faced by its rivals, USDC and BUSD, in recent weeks, analysts say
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Blockchain intelligence firm Global Ledger said the fraudsters used Tron staking to launder the stolen funds
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Regulators’ latest actions could mark an expanded interpretation of which stablecoins qualify as securities, one lawyer said — but much is still unknown
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Top stablecoin Tether on average generated more than $7.5 million in profit every day last quarter, per its latest disclosures
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Trade volumes for Russian ruble and Ukrainian hryvnia pairs spiked at critical points throughout the conflict — especially when fiat was threatened
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