Tether updates, transparency reports, and insights into the role of stablecoins in global finance.
Tether's partnership with KriptonMarket will also help small businesses pay their bills and part of their employee salaries in USDT.
Monika Ghosh 2 min read 
Lawmakers said they want to support stablecoins as a recognized payment method - however, the committee hearing highlighted a huge gap in lawmakers' understanding of the technology.
Tether CTO Paolo Ardoino said Bitcoin "is the epitome of a sound and secure monetary system" due to its scarcity and decentralization.
Tether reported a net profit of $1.48 billion, adding that its excess reserves reached an all-time high of $2.44 billion.
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
KuCoin users lost $22,600 while interacting with a malicious post promoting a fake giveaway during the 45 minutes of KuCoin's Twitter breach.
Tether's USDT has had a largely positive 2023, with its market cap rising 6.18% in the past month to $81.4 billion.
On-chain investigator ZachXBT believes Tether likely got a court order to blacklist the wallet.
