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Usdt

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world2 days ago

IRGC used UK-registered crypto exchanges to move about $1B to dodge sanctions

Iran’s Islamic Revolutionary Guard Corps moved roughly $1 billion since 2023 using two UK-registered crypto exchanges, Zedcex and Zedxion, to evade sanctions. TRM Labs’ analysis, cited by The Washington Post, shows IRGC-linked transactions accounted for about 56% of the exchanges’ volume from 2023–2025, with most activity in USDT on the Tron network. The flow jumped from $24 million in 2023 to over $1 billion in 2024–25, and investigators traced 187 wallet addresses linking the activity to sanctioned individuals, including Babak Zanjani. The exchanges claim AML compliance, but comments were unavailable from the firms or authorities.

via The Block|
#irgc#sanctions#trm-labs
business6 months ago

MoonPay Executives and the $250K Nigerian Crypto Scam

Two top executives of MoonPay were victims of a $250,000 crypto scam involving over 40,000 USDT, with the scam originating from Nigeria. The incident highlights ongoing risks in the crypto industry, especially as MoonPay recently expanded its operations across all U.S. states and gained regulatory approval. The case underscores the increasing sophistication of crypto scams and the urgent need for stronger oversight in the digital asset space.

via AMBCrypto|
#business#crypto-scam#moonpay
business6 months ago

Tether's Future: Navigating Regulatory Challenges and Innovation in Stablecoins

The GENIUS Act poses a significant challenge to Tether (USDT), requiring it to comply with strict transparency and audit standards within 18-36 months, exit the U.S., or launch a new compliant stablecoin, potentially reshaping the stablecoin landscape. Tether's future depends on whether it can meet these regulations, exit the market, or adapt with a new product, while USDC may benefit from increased regulatory clarity, but market dominance will not shift overnight.

via AMBCrypto|
#business#genius-act#regulation
business6 months ago

US DOJ Seizes $225M in Crypto from Investment Scammers

The U.S. Department of Justice has seized $225.3 million in USDT linked to large-scale crypto investment scams involving a sophisticated money laundering network, marking the largest civil forfeiture of digital assets in U.S. history. Tether collaborated with authorities to combat fraud, and the seized funds will be used to compensate over 400 victims. The case highlights increasing crypto scams and efforts to improve compliance and security in digital assets.

via AMBCrypto|
#business#crypto-scam#cryptocurrency-fraud
cryptocurrency7 months ago

Tether's Rapid Growth and Ambitious Valuation Goals

Tether has surpassed Tron and decentralized exchanges in revenue, earning $432.5 million in the past month, and has achieved over $1 trillion in monthly on-chain transfers, solidifying its dominant position in the crypto space. The company is also launching a new blockchain project called Stable, aimed at integrating stablecoins into business operations, with USDT playing a central role.

via AMBCrypto|
#cryptocurrency#revenue#stable-blockchain
cryptocurrency1 year ago

Investors Weigh Bitcoin vs Stablecoins Amid Record Exchange Inflows

As Bitcoin's allure wanes amid rising market volatility, Tether's USDT minting on Ethereum and Tron is boosting liquidity and attracting investor interest. Despite Bitcoin's recent surge past $100K, driven by favorable market conditions, uncertainty about its next psychological target raises concerns of potential bearish pressures. This has led some investors to consider stablecoins like USDT as a safer bet, offering a cushion against market instability. The market remains volatile, with conflicting predictions about Bitcoin's future, prompting a shift towards stablecoins and high-cap altcoins.

via AMBCrypto News|
#bitcoin#crypto-investment#cryptocurrency
cryptocurrency1 year ago

Tether Expands Crypto Liquidity with $3B USDT Minting

Tether has minted $3 billion in USDT stablecoins, with $2 billion on Ethereum and $1 billion on Tron, signaling a bullish sentiment in the cryptocurrency market. This increase in USDT supply is expected to enhance market liquidity, facilitate larger transactions, and potentially drive up crypto prices. The move could also attract more institutional investors by fostering a more stable trading environment.

via AMBCrypto News|
#crypto-market#cryptocurrency#ethereum
cryptocurrency1 year ago

Tether Expands USDT Supply by $3B Amid Market Growth

Tether has minted an additional $3 billion in USDt stablecoins on the Ethereum and Tron networks amid increased trading volume, particularly as Bitcoin approaches $100,000. This brings the total USDt in circulation to over $134 billion. The surge in stablecoin minting is seen as a bullish indicator for the crypto market, coinciding with Bitcoin's price rally following Donald Trump's election. Tether's growth is further supported by Cantor Fitzgerald's acquisition of a 5% stake in the company, valued at over $600 million.

via Cointelegraph|
#bitcoin#cryptocurrency#ethereum
cryptocurrency2 years ago

"USDT Dominates Brazil's Crypto Market with 80% Transaction Share in 2023"

Tether (USDT) has become the dominant cryptocurrency in Brazil, accounting for 80% of all crypto transactions in the country in 2023. The volume of USDT transactions, totaling $271 billion Brazilian reais (~$55 billion), has surpassed that of Bitcoin (BTC), which amounted to $151 billion reais (~$30 billion). The Brazilian tax agency tracks crypto activities using AI and network analysis, and recently passed legislation to tax crypto investments held by citizens overseas. Crypto exchanges like Coinbase and Binance operate in Brazil alongside local players.

via Cointelegraph|
#brazil#cryptocurrency#cryptocurrency-transactions
cryptocurrency2 years ago

US Court Throws Out Class Action Lawsuit Against Tether and Bitfinex

The Southern District of New York court has dismissed a class action lawsuit against stablecoin issuer Tether and its affiliated company Bitfinex. The lawsuit alleged that Tether's stablecoin USDT was not backed one-to-one with US dollars. The court found that the complaint lacked plausible allegations of injury and had no legal merit. Tether has stated that it remains focused on delivering on its promises and protecting its customers and community.

via The Daily Hodl|
#bitfinex#cryptocurrency#lawsuit
cryptocurrency2 years ago

Tether (USDT) Surges to Record Market Cap, Creating Billionaires

Tether (USDT) has reached a new all-time high in market capitalization, nearing $84 billion, after generating $1.5 billion in net profits in Q1 of 2023. The circulating supply of USDT has increased by almost 30% this year. Meanwhile, competitor USD Coin (USDC) has struggled since the collapse of Silicon Valley Bank (SVB) in March, with volumes and supply decreasing significantly.

via The Daily Hodl|
#cryptocurrency#intotheblock#market-cap
cryptocurrency2 years ago

Binance.US Resolves USD Withdrawal Issues and Hires Former DOJ Prosecutor for SEC Lawsuit Defense.

Binance.US has resolved all USD withdrawal issues on the crypto exchange, but warns banking partners may terminate the service in the near future and recommends converting USD fiat balances to stablecoins. The exchange also announced new USDT pairs for digital assets and will remove most USD Advanced Trading pairs. Meanwhile, USDT continues to depeg on Binance.US, falling to 0.96 against USD. Binance.US filed a motion against the SEC for contradictory statements around its alleged “commingling” of client assets.

via CoinGape|
#binance#cryptocurrency#sec-lawsuit
cryptocurrency2 years ago

Bitcoin's Volatility Continues as Investors Monitor U.S. Economy and Stablecoin Pegs

Bitcoin and most major altcoins remain jittery after a dip to a three-month low, with Tether's USDT stablecoin deviating from its $1 peg amid a sell-off on Uniswap and Curve pools. The US Securities and Exchange Commission (SEC) mentioned MATIC among 19 cryptos in its lawsuits against crypto exchange giants Binance and Coinbase last week. Cryptos' fade over the past two days continued its decoupling path from US equities, which rose on Thursday as investors drew confidence from encouraging economic indicators. Vineeth Bhuvanagiri, managing director of EMURGO Fintech, compared the current market climate to 2019 and sounded a cautious note about rate hike uncertainties, declining economic growth, and potential challenges for the banking sector.

via CoinDesk|
#bitcoin#cryptocurrency#ether
cryptocurrency2 years ago

Bitcoin's Price Reacts to US Jobs Report

Bitcoin rose by almost 1% to surpass $27,000 ahead of the US government's Nonfarm Payrolls report, which is expected to show the addition of 180,000 jobs in May. Coinbase Derivatives Exchange will offer bitcoin and ether tracked futures for institutional clients starting June 5. Stablecoin issuer Tether's USDT has hit an all-time high market capitalization of $83.2 billion, despite the overall shrinking of the stablecoin market. Top performing digital assets include Quant Network and The Graph.

via CoinDesk|
#bitcoin#coinbase#cryptocurrency