USDT
Activity
Drift Protocol Secures $148-150M Funding from Tether to Recover Assets and Relaunch on Solana
Drift Protocol received nearly $150 million from Tether and partners to recover assets lost in a $280 million exploit. The project plans a relaunch as a USDT-based decentralized exchange on Solana, aiming to strengthen its market position.
Tether Launches tether.wallet, a Self-Custodial Wallet Supporting USDT and Bitcoin
Tether has introduced a self-custodial wallet allowing users to manage USDT, Bitcoin, and gold-backed tokens with cloud backup. This development aims to improve security and control for cryptocurrency traders and holders.
Tether Engages KPMG for First Full USDT Reserve Audit Amid US Expansion
Tether has enlisted KPMG to carry out its first full audit of USDT's $184 billion reserves, a key step toward greater transparency. This move aligns with its U.S. expansion plans and highlights efforts to bolster regulatory credibility.
Circle's USDC Narrows Gap, Surpasses Tether's USDT in Key Volume Metrics
Circle's USDC stablecoin has surpassed Tether's USDT in adjusted year-to-date volume, reflecting a shift in market dynamics. This development highlights growing confidence in USDC for payments and settlements, potentially altering stablecoin dominance.