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.

Tether announced today that it has signed a Memorandum of Understanding (MOU) with the National Agency of Project and Technology Development responsible for cryptocurrency regulation and development in the Republic of Uzbekistan (NAPP). This strategic partnership aims to position Uzbekistan as a hub for peer-to-peer and blockchain technology, sparking a revolution in innovation and economic growth. Tether CEO Paolo Ardoino said, "We are excited to partner with the National Agency of Project and Technology Development in the Republic of Uzbekistan (NAPP) to explore the enormous potential of blockchain, stablecoins, and peer-to-peer telecommunications technology in Uzbekistan. This partnership reflects Tether's commitment to promoting innovation and responsible development of the global digital asset ecosystem."

According to official sources, the circulation of TRC20-USDT has exceeded 53.8 billion, reaching a historical high. As of now, the number of accounts holding TRC20-USDT has reached 38.78 million, with a total transfer volume of over 1.58 billion.

The circulation of Tether USDT has now exceeded $100 billion, according to an article by Unfolded.

PeckShield has monitored that Tether has blacklisted the following addresses: 0x44c9503188827034377353a9f6d876eea15933c9 (balance: 20.01 million USDT); 0xc20dcb6c4fec2516e21cf52648177721e2744988 (balance: 500,000 USDT); 0xc0c9baf6bb9b932eef4a60267aa8c530af5cb62c (balance: 500,000 USDT); 0xf2c678b283b58ac43b9975d13ab3f7ce87422ce0 (balance: 217.12 thousand USDT).

Whale Alert monitoring data shows that approximately 100 million USDT was transferred from Tether Treasury to an unknown wallet about 4 minutes ago, worth $100,099,999.

Tether, the issuer of the stablecoin USDT, announced the launch of an official recovery tool that allows USD migration between blockchains. Users will be able to verify ownership of their address on an unresponsive blockchain and the recipient address on another supported blockchain before transferring USDT.

Whale Alert has monitored the transfer of 103,430,000 USDT from the Tether treasury to an unknown wallet, worth about $103,492,058.

Data shows the supply of USDT is close to 100 billion, as of the time of publication, it is about 99.7 billion. In addition, the supply of USDC has risen to 29 billion.

According to data from The Block Pro, the stablecoin on-chain transaction volume decreased significantly by 14.8% to $632.4 billion in February after the adjustment. The market share of the US dollar stablecoin USDT was 76%, which decreased after four consecutive months of growth, while the market share of USDC slightly increased to 19.2%. In addition, the total on-chain transaction volume of Bitcoin and Ethereum increased by 3.2% to $369 billion after last month's adjustment, with Bitcoin's on-chain transaction volume slightly decreasing by 0.6% and Ethereum's on-chain transaction volume increasing by 9.2%.

According to the latest data from Coingecko, the market value of the US dollar stablecoin USDT has exceeded 99 billion US dollars. At the time of writing this article, it was 99,001,536,662 US dollars, setting a new historical high.

Whale Alert monitoring data shows that Tether Treasury has newly minted 1 billion USDT. Tether CEO Paolo Ardoino said that this is an authorized but unissued transaction for the Tron network to replenish 1 billion USDT inventory, which means that this amount will be used as inventory for the next issuance request and chain exchange.