Tether swaps more than 2 billion USDT to the Ethereum network
The vast majority of Tether's USDt volume exists on the Tron network due to comparatively lower fees and faster transaction finality.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The vast majority of Tether's USDt volume exists on the Tron network due to comparatively lower fees and faster transaction finality.
Why this matters
This ethereum 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
Binance Reopens 87 Networks Following Historic $6.3 Billion Breach
Binance has reopened withdrawals across 87 blockchain networks as the cryptocurrency exchange continues recovering from its devast...
Binance’s Reserve Page Shows 1.06 Billion More USDT Than Customer Balances After Hack Refill
Binance said on Nov. 12 it has finished covering all assets hit in its Oct. 29 hack, though customers can’t yet check that for the...
Tether-backed Twenty One Capital reports $1.09 billion Q3 net income on bitcoin gains
Twenty One Capital reported $1.09 billion in Q3 net income, driven by Bitcoin gains, while posting a $4.8 million operating loss.
Kraken Parent Payward Swaps Its Headline Metric, Reports $487 Million in Q3 Platform Margin
Payward, the privately held parent of Kraken, publishes selected quarterly figures rather than SEC filings, and until now led them...
US seizes $1.2 billion frozen after North Korean Binance hack
The US Department of Justice (DoJ) yesterday announced the seizure of $1.2 billion in cryptocurrency stolen from Binance last mont...
Twenty One Capital CEO Says $1.09 Billion Quarterly Profit Came From Bitcoin, Not Business
Twenty One Capital (XXI) reported $1.087 billion in net income for the third quarter, and CEO Rapha Zagury told shareholders on Fr...