Tether credits USDT growth surge to ETF excitement, emerging markets
Tether’s USDT added at least $20 billion to its market capitalization in 2023, while rival stablecoin USDC lost the same amount so far this year.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Tether’s USDT added at least $20 billion to its market capitalization in 2023, while rival stablecoin USDC lost the same amount so far this year.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Tether Q3 Profit Hits $1.5B While USDT Reserve Buffer Nearly Doubles to $8B
Key Takeaways: In Q3, Tether achieved an operating profit of $1.5 billion. Reserve assets rose to almost $8 billion. U.S. Treasury...
Bitcoin’s Rebound Drove Most of Tether’s $3.8 Billion Reserve Recovery
Tether held $7.95 billion more in reserves than it owed USDT holders on Sept. 30, up about $3.85 billion from the end of June, the...
Tether posts $1.5 billion Q3 profit as reserve buffer nearly doubles
Tether's robust profit and reserve growth enhance its stability, but its reliance on interest rates ties its fortunes to market fl...
Tether receives $223M USDT transfer from Bitfinex
The routine internal transfers between Bitfinex and Tether reinforce USDT's stability, enhancing market confidence despite large m...
US Secret Service Joins Circle, Tether in Freezing $2.37B in Binance Hack Funds
The US Secret Service is working with stablecoin issuer Circle to recover funds stolen in the $6.3 billion security breach at Bina...
Blockchain Firms Link North Korea to $6.3 Billion Binance Hack
Bitcoin Magazine Blockchain Firms Link North Korea to $6.3 Billion Binance Hack Blockchain analysis firms Chainalysis and TRM Labs...