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USDT
Polymarket Traders Bet on Fed Rate Cuts; Bitcoin Spot ETFs Register Five-Day Withdrawals Streak
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as U.S.-based spot bitcoin (BTC) exchange-traded funds registered cumulative outflows of $4.3 million, extending the four-day run of withdrawals ahead of the halving. Plus, traders on Polymarket bet on the number of potential Fed rate cuts this year and Tether expands its USDT to the TON Network.
Sen. Lummis: It'll Pay to 'Choose Circle Over Tether' Under U.S. Stablecoin Proposal
The co-author of the U.S. Senate's latest push for stablecoin regulations suggests Circle would have an edge over foreign competitors for customers seeking safety.
Stablecoin Expansion Continues as Bitcoin Rally Appears to Stall
The unabated expansion of stablecoin supply shows capital continues to flow into the crypto market, one observer noted.
Tether's USDT To Launch on Celo
The USDT integration aims to boost cross-border payments and peer-to-peer transactions in developing regions.
Tether's USDT Stablecoin Touches $100B Market Cap, Benefiting From Crypto Trading Frenzy
Despite years-long scrutiny over Tether's stability, USDT saw a rapid resurgence in 2023 benefiting from its close competitors' troubles.
Wall Street Journal Accused of Defamation Over 2023 Tether-Bitfinex Article
Christopher Harborne and his aviation fuel broker AML Global were wrongly accused of "committing fraud, laundering money, and financing terrorists," according to the lawsuit.
Stablecoin Market Cap Hits $140B, Highest Since 2022 Amid USDC Resurgence, Tether Growth
Stablecoin supply is a "thermometer" for money flows entering the crypto market, one analyst noted.
Diversifying Stability: Stablecoins Finding Home Beyond the Greenback
Following the success of Tether and USDC, a generation of stablecoins are offering new features for investors and holders, says Scott Sunshine, Managing Partner of Blue Dot Advisors.
Tether Reports Record $2.85B Profit as Biggest Stablecoin Nears $100B Market Cap
The stablecoin issuer held over $5.4 billion in excess reserves as of 2023 year-end, according to its latest attestation.
Tether Reportedly Bought 8.9K Bitcoin for $380M, Remaining 11th-Largest BTC Holder
The stablecoin issuer announced in May 2023 that it would start buying bitcoin in an effort to diversify the backing of its USDT stablecoin.
