Tether’s USDT0 Disrupts Crypto Interoperability – Here’s What’s Next

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Tether

Coinfomania

Irene Mukiri

Irene Mukiri, a crypto enthusiast and writer, embraces travel. As a digital nomad, she delves into the potential of blockchain technology, showcasing its capacity to unite and empower humanity in her writing.

Tether introduces USDT0, a cross-chain stablecoin on Kraken's Ink, which simplifies asset transfers and boosts liquidity across blockchains.

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Home

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Tether designed USDT0, its cross-chain stablecoin, to enhance liquidity and interoperability across blockchains.

What is USDT0, and why is it significant?

USDT0 uses Kraken's Ink layer-2 scaling network and LayerZero's Omnichain Fungible Token (OFT) standard for efficient asset transfers.

What technology powers USDT0 for seamless transfers?

USDT locked on Ethereum fully backs each USDT0 token 1:1, ensuring robust security for users.

How is USDT0 backed, and what ensures its security?

Crypto Scammer Busted: $73 Million Laundering Scheme Exposed

Crypto Scam Alert News

Latest scam alerts in the cryptocurrency and blockchain industry

Ayanfe Fakunle

Ayanfe Fakunle is an expert content writer, journalist, and editor at the intersection of crypto, finance, and web3. His mission is to make crypto accessible, engaging, and exciting for everyone.

Prosecutors say the crypto scam involved fake crypto investment schemes, like “pig butchering,” and operated from August 2021 to April 2023

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September 2024 Crypto Hacks Exceed $120M, Centralized Exchanges Hit Hard

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Victor Swaezy

Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as 36crypto and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.

A suspected exploit targeting the United States government Bitfinex-linked wallet has been flagged by several

U.S. Government Targeted in Suspected $20 Million Bitfinex Wallet Exploit

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Crypto Journalist

Victor Muriki

Victor Muriki is an esteemed writer focused on cryptocurrency and finance, holding a Bachelor's in Actuarial Science. Known for his sharp analysis and insightful content, he has a strong command of English and is skilled at conducting in-depth research and ensuring timely delivery.

Tether defends against Celsius' $3.3B Bitcoin claim in bankruptcy case, arguing the liquidation was lawful and contractually sound.

Tether Battles Celsius in Court Over $3.3B Bitcoin Claim in Bankruptcy Case

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Pedro Augusto

Pedro Augusto is a financial writer and editor fluent in Portuguese and English, specializing in finance, economics, and investments. He holds degrees in Mechanical Engineering and Financial Management.

Pedro is a financial analyst for stocks, ETFs, and macroeconomics on Seeking Alpha, a seasoned translator in the Forex market for companies like OctaFX and FBS, and experienced in localizing content for the currency exchange and international remittances market, notably for the Remitly startup. Additionally, he's a skilled writer and translator in the cryptocurrency and blockchain sector, working with firms like Phemex and Coinpanda.

This integration represents a critical development in the adoption of stablecoins for public services and shows Tether's commitment to USDT.

Philippines Now Allows USDT Payments for Social Security

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Crypto Regulation News

It was noted that stablecoins are currently the most utilized crypto assets, where transactions surpass those of any other digital asset.

Nigeria to Enact Crypto Regulations After Europe; Stablecoin Market Holds Steady in June

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WilfredMichael

Tether's CEO has publicly criticized the EU regulation, indicating in May that the company had no intention of conforming to MiCA.

Euro Tether delisted from Bitstamp due to MiCA

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Tether faces a campaign accusing it of corruption and audit refusal, with billboards and ads demanding transparency and independent audits.

Tether Accused of Corruption and Audit Refusal in New Billboard Campaign

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Tether Introduces New Gold-Backed Synthetic Dollar, “Alloy by Tether”

In a bold move to diversify its portfolio and reinforce its commitment to providing robust and stable financial products, Tether has launched

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CEO Paolo Ardoino revealed a robust 12-month investment plan to diversify Tether’s portfolio across various cutting-edge technologies.

Tether's Next Move: New Digital Asset on June 17th

Tether&#8217;s Next Move: New Digital Asset on June 17th

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Just In: Tether CEO Takes Shots at Brad Garlinghouse, Addressing FUD Spread by the Ripple Chief

The new week starts with drama between Tether CEO and the CEO of Ripple Labs, Brad Garlinghouse who said that SEC will soon go

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Tether's first involvement with CityPay.io marked one of the first instances a major stablecoin firm invested in the payment provider.

Tether Deepens Commitment to Eastern European Crypto Adoption with CityPay.io Investment

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Press Release

Chainwire

Flipster, the number one trading platform for altcoin liquidity and the fastest-growing crypto derivatives platform, has finally announced its Flipster Earn Pool campaign. First teased in December last year, the trading platform had been slow with news on this highly anticipated addition. The launch was worth the wait, as the platform is promising users the ... Read more

Flipster Launches New Earn Pool Feature Allowing Users to Earn Up To 10K USDT Daily on Their Crypto

Crypto Exchange News

Elendu Benedict

In a judgment on Tuesday, Singapore&#8217;s high court declared crypto assets to be property capable of being held on trust. The case, which involved Seychelles-based crypto exchange Bybit and one Ms. Ho Kai Xin, saw the judge declare digital currencies as things in action and an intangible property type. &#8220;The courts in Singapore and elsewhere ... Read more

Singapore's High Court Declares Crypto as Property in Bybit Case

Singapore&#8217;s High Court Declares Crypto as Property in Bybit Case

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Crypto Startup News

Chimamanda Marcel

Financial services company and issuer of USDT stablecoin Tether expects to generate $700 million in profit in the first quarter (Q1) of 2023, ending March 31, CNBC reported Friday.  According to the report, the company&#8217;s chief technology officer Paolo Ardoino said Tether estimates that its excess reserves will cross the $1 billion mark this quarter, ... Read more

Tether Predicts Massive Q1 Profit of $700 Million 

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Lucky Ebosele

Tether launches USDT on Near Protocol, enhancing speed and efficiency for stablecoin transactions. Learn what this means for users and...

Tether Launches USDT on Near Protocol

Tether Expands USDT to Near Protocol for Faster Transactions

Treasure Samuel

Stablecoin issuer Tether has revealed that it will not freeze USDT tokens in U.S.-sanctioned Tornado Cash addresses. The Hong Kong-based company noted that the USDT would only be frozen if the appropriate authorities instructed them to do so.  In a Wednesday blog post, Tether stated that it regularly communicates and obeys specific details in the ... Read more

Tether Says It Will Not Freeze USDT in Sanctioned Tornado Cash Addresses

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Chen Boliang, a former senior manager at crypto exchange Huobi, has been sued for conducting illicit trading, the Financial Times (FT) reported on Wednesday. Huobi&#8217;s Former Manager Sued for Illegal Trading Per the report, Boliang, 34, secretly generated several million dollars by trading against an account he managed. Huobi alleged that Boliang set up a retail ... Read more

Huobi's Former Manager Faces Lawsuit for Illegal Trading

Huobi&#8217;s Former Manager Faces Lawsuit for Illegal Trading

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Cassidy-Sinema Parental Leave Plan

Obike Favour

Obike Favour is a crypto news reporter who  is also interested in digital marketing and writing.

As an introvert, she spends most of her time surfing the Internet for new ideas that will help her succeed in the digital world.

Joshua S. Gottheimer, the U.S. representative for New Jersey, has revealed an initial draft of legislation that will help provide regulatory clarity to the stablecoin sector. According to a press release shared with Coinfomania on Tuesday, the proposed legislation dubbed the Stablecoin Innovation and Protection Act is geared toward establishing eligible stablecoins and protecting the ... Read more

US Congressman Josh Gottheimer Unveils New Stablecoin Legislation

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Wilfred Michael

New York Attorney General (NYAG) has finally settled charges with stablecoin issuer, Tether, and trading platform, Bitfinex. The settlement concerns long-standing allegations that the companies partnered to issue Tether stablecoins (USDT) to New York residents even though they did not have enough cash to back up the circulating supply. As per the settlement announced today, ... Read more

New York AG Settles Long-Standing $850M Lawsuit With Bitfinex and Tether

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DeFi News

The latest DeFi news and updates. Learn how decentralized finance protocols, powered by blockchain networks like Ethereum, is disrupting traditional finance.

With &#8220;DeFi&#8221; still arguably the hottest topic in the crypto space at this time, there is a continued reminder that potential investors must still spend quality time and perhaps money to understand how things work in that corner of the industry. The reminder was reiterated once again in the hour leading up to press time, ... Read more

This Whale Just Lost $1,000,000 USDT to a Horrendous DeFi Mistake [Updated]

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Ibiam Wayas

Ibiam Wayas is an optimistic crypto news reporter who also enjoys graphics designing and tech writing.

He is an introvert and loves to associate with like minds working on similar goal and ambitions. Ibiam spends much of his time on the internet studying facts that will help him excel in the digital economy.

Despite the regulatory uncertainties facing the crypto ecosystem in India, Binance has acquired WazirX, India&#8217;s leading peer to peer cryptocurrency exchange; a move that will further boost crypto adoption in the country. Per the announcement on Thursday, the 1 billion+ residents in India can now easily purchase and sell cryptocurrencies Indian rupees (INR) starting from ... Read more

Binance Acquires WazirX Exchange in Crypto-Unfriendly India

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Cryptocurrency exchange, Bitfinex has quickly moved to quash claims by the U.S Attorney General’s office that the crypto firm took $850 million from the Tether stablecoin cash reserve to hide losses. In a release published April 25, Attorney General Letitia James said had obtained a court ordering Bitfinex and its subsidiary, Tether, which issues the ... Read more

Bitfinex — $850 Million Loss Allegation Was Made in ‘Bad Faith’

Comment

The development team behind popular stablecoin Tether (USDT) said in a Monday announcement that they have reached an agreement with the TRON team to deploy USDT on the Tron blockchain. That would mean that the Tron blockchain network would become only the third to host the stablecoin Tether aside from Bitcoin and Ethereum. What Does ... Read more

Stablecoin Tether to Start Using Tron in Q2

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William Frederick

Crypto Fanatic, Gamer, Tech Lover, Marketer.

As stablecoins gain popularity, will Tether (USDT) maintain its dominance, or face competition? Explore market trends and predictions.

Rise of Stablecoins: Will Tether USDT lose traction this year?

Rise of Stablecoins: Will Tether (USDT) Lose Traction?

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