Tether USDT Cryptocurrency: Current Price and How It Works

The information on this website is for educational purposes only, and investing carries risks. Always do your research before investing, and be prepared for potential losses. Tether has been swift in responding to emerging https://www.tokenexus.com/ threats. In late 2022, the USDT issuer froze over $360 million in assets linked to illicit activities and took action against USDT linked to terrorist activity in Ukraine and Israel, freezing $817,000 in October 2023.

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There has been discussion over stablecoins Tether’s USDT and USD Coin USDC specifically exploring which one is safer. In April, USDT’s market capitalization of $104 billion is more than triple USDC’s $32 billion market capitalization. Part of the delta can be attributed to the network effect.

• In late 2022, the USDT issuer froze over $360 million in assets linked to illicit activities and took action against USDT linked to terrorist activity in Ukraine and Israel, freezing $817,000 in October 2023.
• Many or all of the products featured here are from our partners who compensate us.
• Currently, Tether’s wallet holds over 78,317 BTC, valued at over $5.18 billion, reflecting its significant influence on the market.
• Tether’s recent freezing of USDT follows a UN report identifying USDT as the preferred cryptocurrency for money laundering, sparking speculation of a potential US government investigation.
• Our estimates are based on past market performance, and past performance is not a guarantee of future performance.

Bitcoin surge incoming? Tether mints another $1 billion USDT

Historically, these issuances have correlated with upward movements in Bitcoin’s price, suggesting that the new USDT could again influence Bitcoin’s market performance. Ripple CEO Brad Garlinghouse added fuel to the fire by suggesting that the US government is indeed targeting Tether, the world’s largest stablecoin issuer. In March 2024, Tether how to buy usdt partnered with the US Department of Justice (DoJ) and the Federal Bureau of Investigation (FBI) to seize $1.4 million worth of USDT from a tech support scam network. Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page.

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Бинан is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing Tether (USDT) here are both lower fees than competing exchanges and increased liquidity, enabling you to buy and sell quickly to take advantage of market-moving news. According to Tether’s website, users can simply deposit their tokens into their account at tether.to.

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