Cryptocurrencies have gained recognition as a promising substitute for conventional currencies, although their volatility has sparked legitimate concerns. However, a solution has emerged in the form of stablecoins, a novel development within the crypto industry. Stablecoins are specifically designed to tackle the volatility issues commonly associated with traditional cryptocurrencies. These ...
According to Whale Alert, Tether released a fresh batch of USDT tokens worth $1 billion on the Ethereum blockchain on June 12, 2023. This issuance comes just two months after their previous release on April 21, 2023. Paolo Ardoino, Tether's chief technology officer, took to Twitter to clarify that this ...
Tether Limited, the issuer of the popular stablecoin Tether (USDT), has taken action against an address that defrauded Maximal Extractable Value (MEV) bots of $25 million. The company blacklisted the address, which contained approximately $3 million in USDT and $21 million in other ERC-20 tokens at the time. Source: etherscan.io ...
