Tether’s Q4 Net Profit Reaches $2.9B
In the fourth quarter of 2023, Tether, the company behind the issuance of the stablecoin USDT, reported a record net profit of $2.9 billion.
Justin Sun Replies to UN Report on Illegal Use of Stablecoin USDT
The Tron blockchain project has responded to the recent findings of a group of UN experts who stated that the stablecoin USDT from Tether is being increasingly used for illegal financial activities.
Report: Stablecoins Use by Criminals Increased in 2022-2023
There has been an uptick in cybercriminals utilizing stablecoins with fiat backing between 2022 and 2023.
Stablecoin Dominance Falls to 7.8%: Report
According to a recent report by Binance Research, stablecoins issued by centralized companies and backed by real assets currently dominate the stablecoin market.
Fidelity: Fed Rate Cut Will Benefit DeFi and Stablecoins
Fidelity predicts that institutions will once again become interested in DeFi products and stablecoins if traditional finance (TradFi) yields decrease due to the Federal Reserve’s policies.
Hong Kong and Singapore Could Recognize Stablecoins as a Means of Payment
By the end of 2024, both Hong Kong and Singapore have plans to pass laws allowing the use of stablecoins as a form of payment in their respective domestic markets.
USDT’s Market Cap Close to $93B
In early January, the market supply of USDT reached $92.631 billion.
