Tether, the world's largest stablecoin, has seen significant developments recently. Paolo Ardoino, the CEO, has been influential in the company's growth. Tether's holdings of BTC have reached 57,576 BTC, with a profit of $1.1 billion. The stablecoin's market cap has soared to $90 billion. Tether has frozen over 30 USDT addresses and implemented a new policy to freeze wallets associated with sanctioned individuals on the OFAC SDN List, affecting 161 wallets, with only eleven holding USDT.
ICYMI: Tether’s new sanctions froze 161 wallets. Only eleven hold USDT. https://t.co/ON2xy2J3eo
Tether's new sanctions froze 161 wallets. Only eleven hold USDT. https://t.co/4aabdsESFi
#Tether Cracks Down on Illicit Transactions; Implements New #Stablecoin Freezing Policy https://t.co/kC0T2KWxkY
Tether freezes crypto wallets on sanctions list https://t.co/eJmPRKh0uX
#Tether Implements New #Stablecoin Freezing Policy After Seizing Funds Tied to OFAC Sanctioned Entities https://t.co/kC0T2KWxkY
USDT issuer Tether proactively froze 41 wallets on Saturday linked to people on the U.S. Treasury Department's OFAC list of Specially Designated Nationals, several of which addresses had been using Tornado Cash. Tether says this is a new voluntary wallet freeze policy with extra…
ICYMI: Tether freezes all OFAC-sanctioned wallets in ‘proactive’ security measure https://t.co/hRNOD9dPLv
NEW: Tether implements voluntary wallet freezing. This action targets activity associated with sanctioned individuals on the OFAC SDN List. This “strategic decision” to global safety standards expands their “close working relationship with global law enforcement and regulators" https://t.co/zN264JqCki
Tether freezes wallets of those sanctioned by the US Treasury's OFAC to prevent "potential misuse" of Tether tokens, the first significant move by its new CEO (@zackdabrams / The Block) https://t.co/oVfCydeXeg 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/7UHB3BGmoV
Tether just announced they’ll freeze sanctioned wallets…. So what were they doing before? https://t.co/Vjunwt91sU
Tether Freezes Certain Wallets Due to Security Concerns https://t.co/olzklyQDPj
Tether freezes all OFAC-sanctioned wallets in 'proactive' security measure https://t.co/Ojitj3L8Oh
An address (0xBD…33Dd) had 3.43 million USDT USD frozen by Tether at 10:45 UTC+8 today. This address has sent hundreds of transactions in the past few days. ZachXBT pointed out that the funds received by this address came from Stake hackers and may relate to the North Korean…
📈 Tether’s USDT Market Cap Hits New Record as Stablecoins Recover $USDT market cap climbed to $90.4B, the highest ever. Weekly change in aggregate stablecoin supply is making a shift to positive, while trading volume is also picking up. Read more: https://t.co/9skdwl6zLr https://t.co/u7F7xb6TnF
The mysterious fund/institution received 60M $USDT from #TetherTreasury again 2 hours ago. This fund/institution has received a total of 1.76B $USDT from #TetherTreasury and transferred to exchanges since Oct 20. The 1.76B $USDT can buy 44K $BTC at an average price of $40,000. https://t.co/POIWCHo3Gg
Honey, wake up! New way to break sanctions with Tether just dropped… https://t.co/qJeF72UnYX
#Tether's Market Cap Soars by Over 35% to $90 Billion in 2023, Nearing Top 100 Global Assets https://t.co/tEuWxCTkmX
The market capitalization of Tether's stablecoin USDT has reached a new milestone, surpassing $90 billion https://t.co/C9g27dETAg
Tether bought 57,576 BTC at a $22,480 basis. Thank you, Paolo.
#Tether Freezes Over 30 #USDT Addresses https://t.co/nWvXxUfR2b
Tether’s holdings of BTC currently have a profit of $1.1 billion (+85%). Tether currently holds a total of 57,576 BTC ($2.4B), with a cost of $22,480 per bitcoin. Among them, 53,492 BTC were reserved before March this year, and 4,083 BTC were purchased regularly using 15% of… https://t.co/DJWuMpE5fy
Tether's vast influence is now the responsibility, primarily, of @paoloardoino, who was promoted this year to CEO of the maker behind the world’s largest stablecoin. Here's why the longtime public face of the firm is on CoinDesk's #MostInfluential2023: https://t.co/KI741VqVf1..