Tether USDT poised to hit $100 billion market cap following a surge in global usage
Tether stablecoin is enjoying increased demands as Bitcoin's price returns to previous high.
Follow stablecoin news, issuer updates, market share changes, regulation, reserve transparency, and payment adoption trends.
The Tron blockchain has faced allegations of alleged involvement in illicit financial activities by Circle.
Growing stablecoin market cap shows increased capital flow into crypto and investor readiness for market movements.
Further, JPMorgan analysts argued that US authorities can exert some control on Tether’s offshore usage via OFAC.
Singapore-based Oobit is focused on advancing crypto adoption as a means of payment.
JPMorgan warned that Tether's USDT dominance might be a risk for the emerging industry.
Tether revealed that it held profits of $5.4 billion in reserves 'to ensure highest resiliency.'