The token was designed to meet the U.S. stablecoin issuance standard, with Anchorage Digital and Cantor Fitzgerald supporting issuance and reserve management.
Bo Hines, who led t White House Crypto Council under President Donald Trump, has been named as CEO of Tether's newly created U.S. unit.
Ripple has carried out a series of large RLUSD burns in recent weeks to remove millions of the stablecoin from circulation. According to data from the RLUSD burn tracker @RL_Tracker, more than 2.7 million RLUSD were recently destroyed in a single transaction, the biggest burn in many weeks. Ripple Burns Massive Amounts Of RLUSD Crypto burns are not new to the crypto industry, especially when it comes to stablecoins. Interestingly, data from the RLUSD burn tracker, @RL_Tracker, has revealed an uptick in the amount of RLUSD burned in the past two weeks, which is worth noting. Related Reading: What Does AMM Liquidity Pools Mean For XRP And RLUSD Holders? Ripple Exec Answers Particularly, the latest data from @RL_Tracker, which was revealed in a post on the social media platform X, shows that 2,714,248 RLUSD were recently burned at RLUSD Treasury. Blockchain records from on-chain analytics platform Etherscan confirm that these tokens were transferred into a null address from which they cannot be recovered or used, effectively reducing the outstanding supply for good. This was not an isolated occurrence. Ripple has been carrying out a string of large burns in recent weeks, with notable examples including two transactions of 1,000,000 RLUSD each on September 3 and another 1,000,000 RLUSD burn on August 29. Together, these actions have brought the total burned supply to about six million RLUSD tokens in a very short span However, these reductions have been characterized by issuances of millions of tokens in the past few days. Most recently, @RL_Tracker reported that 312,000 RLUSD were minted by the RLUSD Treasury in the past 24 hours. What’s Going On With RLUSD Burns? This back-and-forth between burning and minting is part of Ripple’s supply management cycle of RLUSD, where tokens are constantly adjusted in response to market demand and redemptions. Related Reading: Is Ripple Dumping XRP? Pundit Calls Out Founders, Threatens To Take Action RLUSD is pegged 1:1 to the US dollar and operates on both the XRP Ledger and Ethereum. Like other asset-backed stablecoins, it is fully collateralized by fiat reserves and subject to monthly attestations. When demand for RLUSD rises, Ripple issues new tokens into circulation. On the other hand, excess supply is no longer needed when tokens are redeemed for dollars, and Ripple burns the surplus by sending it to an inaccessible address. Stablecoin mints and burns are not unique to Ripple. Tether, the largest stablecoin issuer, regularly conducts large-scale mints and burns of USDT to adjust supply. The key difference from normal cryptocurrency burns, such as those seen with Shiba Inu, is that stablecoin burns are not carried out to create scarcity, which contributes to price action. At present, RLUSD’s total supply is around 728.7 million tokens and all minted tokens are actively being circulated. The stablecoin has a market cap of about $728 million and has seen its trading volume climb above $87 million in the past 24 hours. It also continues to hold its $1 peg firmly. Featured image from iStock, chart from Tradingview.com
Ledger is expanding its enterprise offerings with a new iOS app and native support for the TRON blockchain, including stablecoin transactions.
Stablecoin issuer Tether is one of the largest corporate accumulators of Bitcoin over the last 12 months, adding more coins to its treasury than nearly all spot exchange-traded funds (ETFs). On Sept. 8, Tether CEO Paolo Ardoino shared data showing that the stablecoin issuer secured more than 27,700 BTC in the past year. Of that […]
The post Tether beats most ETFs in Bitcoin inflows with 27,700 BTC added in one year appeared first on CryptoSlate.
The analysts specifically addressed concerns of whether an eventual Hyperliquid stablecoin could significantly impact USDC.
Paolo Ardoino said Tether, issuer of the world's largest stablecoin USDT, "didn't sell any bitcoin."
Santiment said Bitcoin, Ethereum, Dogecoin, Tether and MultiversX drew the biggest surge in online discussions as crypto markets closed the week.
Tether, the issuer of the world’s largest stablecoin USDT, is reportedly discussing deepening its investment in gold mining companies as part of its wider expansion strategy. According to a Sept. 5 Financial Times report, the company has held discussions with mining and investment groups to explore opportunities across the entire gold supply chain. If the plan […]
The post Tether eyes deeper dive into gold with new $100 million investment amid market boom appeared first on CryptoSlate.
Tether's CEO Paolo Ardoino referred to the precious metal as "bitcoin in nature," in a conference speech in May.
Gold-backed tokens XAUT and PAXG have surged to fresh highs in market capitalization as the metal trades near its April peak.
Borrowing activity in crypto markets accelerated sharply in the second quarter of 2025, according to new figures from Galaxy Research. The study found that loans backed by digital assets across DeFi protocols climbed to a record $26.47 billion, up 42.1% from the previous quarter. That surge lifted the overall balance of crypto-collateralized loans, including both […]
The post Tether leads as crypto borrowing soars to $44 billion in record quarter appeared first on CryptoSlate.
Tether minted 1 billion in USDT on Wednesday, a move that market watchers say added fresh liquidity to crypto markets already moving higher. Related Reading: $160K Bitcoin By Christmas? Analysts Say It’s Still Possible Based on reports, the total crypto market cap bounced from an intraday low near $3.80 trillion to about $3.90 trillion on the same day, while Bitcoin traded around $112,300 and Ether reclaimed levels near $4,600. The minting stood out because it often signals ready cash that can be deployed quickly into exchanges and trading desks. Tether Minting Sparks Liquidity Flows New USDT issuance is frequently used to fund purchases, and the 1 billion issuance was flagged by on-chain trackers as a likely source of fresh buying power. Santiment and other trackers show that the number of addresses holding at least 1,000 BTC rose by 13 to about 2,085 since the start of August. At the same time, wallets holding at least 10,000 ETH increased by 48 to roughly 1,27. On August 26, US spot ether ETFs recorded about $450 million in net cash inflow, led by BlackRock’s ETHE with roughly $320 million that day. That pushed cumulative inflows into spot ether ETFs to near $13.30 billion, while US spot Bitcoin ETFs took in about $88 million with BlackRock’s IBIT posting roughly $45 million. The freshly minted USDT could be used by traders and desks to buy into Ether and other altcoins, matching the observable rotation from Bitcoin into alternative assets and ETF-linked demand. Whale Accumulation Intensifies Large holders were not the only sign of demand. Trading volumes and price moves showed altcoins gaining traction, but it was the flow of stablecoins that underpinned the story. When stablecoin supply rises, it lowers the friction for big buys: money can be moved to exchanges and executed faster than waiting for bank transfers. That operational detail helps explain why a billion mint draws attention even when headline prices are already climbing. The immediate effect of the mint was to give traders extra readily available cash. But liquidity injections are a two-sided event. They can push prices higher if buyers are aggressive, while concentrated buying and later profit-taking can cause sharp swings. Related Reading: Dogecoin Gears Up For Triple Surge Vs. Bitcoin – Details What Tether Minting Could Mean For Markets Market observers are watching liquidity, whale wallets, and ETF flows together because the mix determines whether a sustained capital rotation into altcoins will follow or if gains will be short lived. Tether’s 1 billion USDT mint was the clearest single signal of added spending power during Wednesday’s rebound. That supply, paired with heavy inflows into Ether ETFs and signs of whale accumulation, creates a setup where altcoin demand can grow quickly. Featured image from Meta, chart from TradingView
Tether confirmed on Aug. 28 that its flagship USDT stablecoin will be issued directly on Bitcoin via the RGB protocol. This marks the first time a major stablecoin is being deployed natively on the Bitcoin network rather than through sidechains or wrapped assets. Speaking on this move, Tether CEO Paolo Ardoino said: “Bitcoin deserves a […]
The post Tether’s $167 billion USDT ready to launch natively on Bitcoin in game-changing debut via RGB appeared first on CryptoSlate.
Crypto firms collaborated with APAC-based law enforcement to freeze $46.9 million in USDT related to a "pig butchering" scam.
Binance and Tether are eyeing Korea’s stablecoin rules that may boost coins pegged to the South Korean won or strengthen USD dominance.
The recent passage of the GENIUS Act introduced a new regulatory framework for stablecoins, such as Tether (USDT), drawing increasing attention from traditional and cryptocurrency firms. Tether’s Regulatory Challenges And Rising Rivals With the stablecoin market growing from $120 billion in October 2023 to $288 billion as of August, Tether’s USDT continues to hold its position as the largest stablecoin. However, the Motley Fool team has identified three emerging contenders that are poised to disrupt the company’s dominance and present significant competition. Tether commands nearly 60% of the stablecoin market, but it has not been without controversy. In 2021, the Commodity Futures Trading Commission (CFTC) fined Tether $41 million for “misleading claims” regarding its reserves, which were allegedly not fully backed by US dollars. Furthermore, Tether’s current reporting practices do not align with the requirements set forth by the recently passed GENIUS Act, which mandates stablecoin issuers to publish monthly disclosures about their reserves. Notably, the stablecoin issuer only provides these reports on a quarterly basis, potentially opening the door for competitors to capture some of its market share, at least in the United States. Related Reading: Can Ethereum Really Hit $20,000 This Cycle? Analyst Maps The Path Among the most prominent challengers highlighted is USD Coin (USDC), which boasts a market capitalization of approximately $68 billion. Like Tether, USDC is a fiat-backed stablecoin; however, it has not faced any legal scrutiny regarding its reserves. The issuer, Circle, has consistently published monthly attestations since USDC’s inception in 2018. The Motley Tool team asserts that this commitment positions USDC as Tether’s primary competitor, especially as regulatory compliance becomes increasingly crucial. The competitive landscape is further complicated by regulatory developments in Europe. Under the European Union’s Market in Crypto-Assets Regulation (MiCA), stablecoin issuers must obtain regulatory approval and meet strict reserve requirements. Circle has already achieved compliance with both USDC and its Euro stablecoin, EURC, while Tether has opted to withdraw from the European market entirely. A New Contender With Ties To XRP Another contender is Dai, now rebranded as USDS, which differentiates itself by adhering to the principles of decentralization. Unlike Tether and USDC, Dai is managed by Sky, previously known as MakerDAO, a decentralized autonomous organization. This structure allows anyone holding SKY governance tokens to participate in decision-making processes concerning Dai. Rather than being backed by fiat reserves, Dai is a crypto-backed stablecoin, relying on overcollateralized crypto loans. Lastly, Ripple USD (RUSD) enters the fray as a smaller player with a market cap of around $667 million. Despite its size, the Motley Fool asserts that RUSD’s connection to XRP makes it a formidable competitor. Related Reading: Dogecoin Stalls Near $0.22: Analysts Say a Major Breakout Pattern Could Be Forming Ripple, the company behind XRP, has launched RUSD as part of its payment solutions for financial institutions, focusing on efficient cross-border transactions. Additionally, RUSD has received regulatory approval from the New York State Department of Financial Services, which adds a layer of credibility and could help it gain traction in the market. Despite the potential threat, Tether’s figures far surpass those of these three challengers. This suggests that the firm’s reign in the stablecoin market may continue for some time. One thing is certain, though: stablecoins are making a notable entrance into the broader financial landscape. Featured image from DALL-E, chart from TradingView.com
In separate meetings, executives from Shinhan, Hana, KB Financial and Woori Bank will explore the role of dollar-pegged and won-pegged stablecoins in the country.
The investment banking giant also sees USDC growing $77 billion by the end of 2027, thanks in part to legislative gains.
China is assessing whether to allow yuan-backed stablecoins to improve global reach, a shift that would follow Hong Kong’s push to license issuers.
Tether has hired Bo Hines, a former adviser to President Donald Trump, as its Strategic Advisor for Digital Assets and US Strategy. The company confirmed on Aug. 19 that Hines will immediately begin working with Tether’s leadership to guide its expansion and regulatory engagement in the United States. In his new role, Hines will oversee […]
The post Tether recruits ex-Trump adviser Bo Hines to bolster US strategy appeared first on CryptoSlate.
Hines will guide Tether’s U.S. market push, focusing on policy engagement and digital asset growth, the firm said.
Investors worry about Tether's U.S. entry and other pressures, but Circle's regulatory and liquidity position offer an edge, Bernstein said.
Transak plans to use the funds to expand its stablecoin payments stack and enter new markets, the company said.
The crypto crime-fighting initiative marks a major milestone as it launches a new collaboration program with Binance to boost enforcement.
Under the deal, the two firms — both backed by USDT issuer Tether — combine into one.
Live streaming platform and Bitcoin-hodler Rumble is moving to expand its footprint in artificial intelligence and high-performance computing. On Aug. 10, the video-sharing and cloud services firm disclosed plans to acquire Northern Data, an AI and HPC infrastructure provider. According to the statement, the acquisition would involve a stock exchange offer, where Rumble would issue […]
The post Tether to become largest Rumble shareholder in planned Northern Data acquisition appeared first on CryptoSlate.
Bitcoin is showing signs of short-term consolidation or mild downside risk after reaching an all-time high last month, CryptoQuant said.
A growing number of workers are now getting paid in crypto. In 2023, just 3% of those surveyed said part of their salary arrived as digital tokens. By 2024, that share jumped to 9.6%. Related Reading: Bitcoin Remains ‘Undefeatable’, Tether Chief Says This shift comes as blockchain firms and DAOs explore new ways to handle cross-border pay. Reports have disclosed that purely fiat payments fell from 95% to 85% over the same period. Our mission is to support the long-term success of both our portfolio companies and the broader crypto ecosystem. One major gap we’ve consistently seen? Reliable, transparent compensation data for crypto teams. That’s why we created our annual Crypto Compensation Survey – a… — Pantera Capital (@PanteraCapital) August 6, 2025 Rise In Crypto Payroll According to Pantera Capital’s 2024 Blockchain Compensation Survey, USDC leads the pack. It now makes up over 60% of all crypto wages. USDT trails with 28%. Smaller slices go to Solana at 1.9% and Ethereum at 1.3%. These numbers point to stablecoins becoming a regular tool for payroll. That’s a big change from just a year ago. Many companies are drawn by faster settlement times and lower fees. And workers in regions with shaky banking systems see real benefit. Reports have disclosed that Asia-based teams and contractors are among the biggest drivers of this trend. They often rely on stablecoins to avoid high transfer costs or strict local rules. A handful of firms now let staff split pay between cash and crypto. This hybrid model gives people the freedom to hold tokens or spend fiat. It also helps those who want to dollar-cost average into crypto markets. Pantera’s data shows these arrangements are on the rise, though full-crypto pay remains rare. Stablecoin Salaries Soar Circle’s decision to publish monthly reserve reports has strengthened trust in USDC. The company even secured access to US Treasuries for its backing. That transparency helps explain why more payroll departments pick USDC over other coins. Tax teams also get clearer data when they see monthly reserve disclosures. Related Reading: Bitcoin Insult Alert: Pro Trader Dubs HODLers ‘Idiots,’ Saylor Fires Back Behind the scenes, better payroll platforms and accounting tools have made on-chain payments simpler. Real-time rails now link digital wallets to corporate treasuries. And more firms are building internal processes to track taxable events. Based on reports from industry insiders, this is only the beginning. As more crypto-native companies formalize their operations, they’ll need reliable ways to pay people. And wider acceptance by regulators could give traditional firms the confidence to join in. Featured image from Young Platform, chart from TradingView
The deal follows Bit2Me's authorization under the EU's MiCA license approval, allowing it to operate across the European Union.