According to Coin data, the off-market price of USDT has risen to 7.52 yuan, and the current exchange rate of the US dollar to the yuan is 7.2371 yuan. The USDT premium rate has reached 3.91%.

Tether CEO Paolo Ardoino posted on social media stating that the circulation of USDT has reached 107.3 billion, and USDT has become the most commonly used digital dollar in many emerging markets. Hundreds of millions of people living in countries with rapidly depreciating local currencies use it as a checking and savings account. A large part of this group does not have a bank account, which is a use case for USDT in the real world.

Bitwise President Teddy Fusaro cited Maelstrom data indicating that stablecoin issuer Tether's net profit in 2023 is approximately $6.2 billion, which is 78% of Goldman Sachs' $7.9 billion and 72% of Morgan Stanley's $8.5 billion. However, Tether has only about 100 employees, while Goldman Sachs and Morgan Stanley have 49,000 and 82,000 employees, respectively.

On April 5th, according to Whale Alert monitoring, Tether Treasury added 1 billion USDT to Ethereum. Tether CEO Paolo Ardoino stated that this 1 billion USDT is a supplement to Ethereum inventory. This is an authorized but unissued transaction, which means that this increase will be used for the next issuance request and cross-chain exchange inventory.

According to Whale Alert monitoring, at around 20:14 Beijing time, 160,000,000 USDT (160,079,599 USD) was transferred from Tether Treasury to an unknown wallet.

According to official sources, Tether has announced the completion of SOC 2 Type 1 audit. It is said to be a major security update for the stablecoin issuer. SOC 2 Type 1 audit is a security compliance standard developed by the American Institute of Certified Public Accountants (AICPA). The SOC 2 Type 1 report is based on security, availability, processing integrity, and confidentiality, ensuring that Tether has strong IT control measures to ensure the security of its systems, access when needed, and confidentiality of information.

Tether purchased 8,888 bitcoins worth about $627 million in the first quarter of 2024. Currently, its total holdings amount to approximately 75,354 BTC, worth over $5.2 billion.

Tether has announced the strategic expansion into the field of artificial intelligence. First, Tether data plans to develop open-source, multi-mode AI models, seamlessly integrating AI solutions into market-driven products, and is committed to promoting the development of open AI fields. In addition, Tether data has announced the recruitment of AI-related talents worldwide.

According to MistTrack monitoring, Tether has frozen a total of 1.3 million USDT on 4 Ethereum addresses, and the frozen addresses seem to have interacted with addresses marked by MistTrack as "malicious theft addresses".

According to MistTrack monitoring, Tether has blocked 7 addresses: 1. 4 contract addresses, one of which is RFOX Token. 2. Address 0xea5...756 has interacted with gamdom[.]com, coinspaid[.]com, and alphapo[.]net. 3. Address 0x5ff...36e has interacted with Binance.

Tether's market value (103.15 billion US dollars) has surpassed Starbucks (102.66 billion US dollars) according to 8marketcap data, currently ranking 164th in global asset market value.

Tether, the issuer of the stablecoin USD, announced that it has assisted the US government in seizing $1.4 million of illegal funds related to technology fraud, which will be returned to the victims of the fraud. Tether stated that this voluntary support to the Department of Justice and the Federal Bureau of Investigation marks another significant effort in its fight against financial fraud using cryptocurrency.

Tether has announced that USDT will soon be launched on the Celo blockchain network. USDT is currently running on 16 networks, including Algorand, Avalanche, Ethereum, EOS, Liquid Network, Near, Omni, Polygon, Solana, Bitcoin Cash's Standard Ledger Protocol, Statemine, Statemint, Tezos, and Tron.

According to Lookonchain monitoring, after Tether Treasury minted 2 billion USDT, a whale/institution received 261.6 million USDT from Tether Treasury and deposited it into Binance.

This DeFi initiative ensures full compliance with Swiss finance regulations to increase user safety and market confidence.

According to the on-chain data tracking service Whale Alert, Tether Treasury added a total of 2 billion USDT newly minted on Ethereum through 2 transactions at around 06:20 on March 10th Beijing time, with 1 billion USDT per transaction. The hash of the first transaction is: 0xa8772a569b6742e2bc97b6c37b1abd4874c65a04f302e681499f7430980c5b54; the hash of the second transaction is: 0x0f3fd33c3ea222771bc800479178ad37fce2839ce5287fb629f561ef1862fbae.

1.Tether signs MOU with Uzbekistan NAPP to promote the development and adoption of stablecoins and digital asset tokenization

According to Whale Alert data, at 17:09:11 on March 9th Beijing time, 200,000,000 USDT was transferred from Tether Treasury to Bitfinex.

According to official sources, Tether has announced a memorandum of understanding (MOU) with the National Agency of Project and Program Management (NAPP), responsible for cryptocurrency regulation and development in the Republic of Uzbekistan, with the aim of positioning Uzbekistan as a central hub for peer-to-peer and blockchain technology, exploring and promoting the development and adoption of blockchain technology, stablecoins, and digital asset tokenization in Uzbekistan, while stimulating economic growth and innovation in the region. It is reported that Tether will focus on supporting the development of Uzbekistan's legal framework and regulatory policies for cryptocurrency assets, promoting the development and implementation of Uzbekistan's digital currency, exploring the potential of asset tokenization mechanisms, and analyzing and improving Uzbekistan's digital currency payment infrastructure.

Whale Alert data shows that at 16:33:59 on March 8th (Beijing time), Tether Treasury minted 1 billion USDT on the Ethereum network.