Stablecoin issuer Tether froze three Ethereum addresses on Thursday, holding over $160 million worth of USDT, according to data from Etherscan.The three accounts will now not be able to move funds.In total, Tether has blacklisted 563 addresses on the Ethereum blockchain since November 2017, according to the Bloxy block explorer.Tether has said in the past that it regularly … [Read more...] about Tether Freezes $160M of USDT Stablecoin on Ethereum Blockchain
Tether
Tether freezes $150 million in USDT
Tether has added three more Ethereum addresses, holding more $150 million worth of the USDT stablecoin between them, to its blacklist.As a centralized company, Tether is able to blacklist addresses it believes are involved in crime, money laundering — or for any other reason it chooses.This is the first time Tether has blacklisted an address in 2022 but it added 312 addresses … [Read more...] about Tether freezes $150 million in USDT
Why Brazilians Are Turning to Stablecoins Like Tether
Amid record inflation and a constant devaluation of their local currency, Brazilians are turning to cryptocurrencies and, in particular, stablecoins as never before.According to Receita Federal, the Brazilian tax authority, between January and November 2021, locals traded $11.4 billion in stablecoins and almost tripled the total traded in 2020. Stablecoins also traded $10.8 … [Read more...] about Why Brazilians Are Turning to Stablecoins Like Tether
CoinDesk Joins Court Case Seeking Access to NYAG Tether Documents
Chiefly, CoinDesk argued in court papers that disclosing what, specifically, is backing the USDT stablecoin issued by Tether is in the public interest, and therefore should not qualify as a trade secret. Tether itself claimed it had proactively made the decision to publicize its reserve breakdown when announcing its settlement with the NYAG. Source link … [Read more...] about CoinDesk Joins Court Case Seeking Access to NYAG Tether Documents
Mynamar’s Shadow Government Adopts Tether as Official Currency: Report
Myanmar’s shadow government, the National Unity Government (NUG), made up of ousted leader Aung San Suu Kyi’s supporters has recognized stablecoin tether (USDT) as its official currency, according to a Bloomberg report on Monday.NUG’s Finance Minister Tin Tun Naing said in a Facebook post that the NUG will now accept the dollar proxy, USDT, for “domestic use to make it easy and … [Read more...] about Mynamar’s Shadow Government Adopts Tether as Official Currency: Report