Global #Tether

Tether, the prominent stablecoin issuer behind the USDT token, has announced a remarkable financial performance for the first half of 2024, reporting record-breaking profits of $5.2 billion. This impressive figure reflects the company’s robust financial health and growing influence in the digital asset market.

Recent developments in the cryptocurrency market have highlighted significant movements in both Ethereum (ETH) and Tether (USDT) on exchanges, suggesting potential shifts in investor behavior and market sentiment.

Tether, the issuer of the world's largest stablecoin, USDT, has found itself at the center of a new controversy after minting $1 billion of unbacked USDT on the Tron blockchain.

In a significant shift in the stablecoin market, Circle's USD Coin (USDC) has been steadily gaining ground, leading to a notable decline in Tether's (USDT) market share.

Tether Operations Limited, the leading company in the digital asset industry, has announced a strategic collaboration with the Vietnam Blockchain Association (VBA) to promote blockchain and digital asset education throughout Vietnam.

The Philippines has taken a significant step into the digital age by adopting Tether's USDT stablecoin as a payment option for its Social Security System (SSS) contributions.