Tether’s USDT, the largest stablecoin by circulating supply, has gained some $1 billion in market capitalization as crypto investors flee rival Binance USD (BUSD), which fell under regulatory scrutiny earlier this week.

USDT dominance breaks 52%, the highest dominance since May 2022, just before the Terra Luna collapse.

Stablecoin giant Tether saw its flagship token, USDT, grow by nearly $1 billion in the aftermath of a regulatory crackdown against one of its rivals, BUSD. The token’s market cap started out at $68.47 billion on Tuesday, before rocketing upwards to roughly $69.23 billion at about 9:10 a.m. EST, according to data from CoinMarketCap. (decrypt)

Curve pool’s Binance USD (BUSD) V2 pool is heavily imbalanced, with crypto traders showing preferences for Tether’s USDT.

Binance's dollar-pegged stablecoin BUSD turned volatile in the wake of regulatory action against its issuer Paxos Trust Co.

Note this is a authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps.

Stablecoin issuer Tether (USDT) is reportedly using Wall Street financial institution Cantor Fitzgerald to manage its $39 billion bond portfolio, Wall Street Journal reported Feb. 10.

Huobi Global plans to expand its operations in Hong Kong; Binance announced a major upgrade to its Proof of Reserves Verification system to include zk-SNARKs; C3 raised $6 million in a seed funding round led by Two Sigma ventures

Tether has been using Cantor Fitzgerald to manage more than half of the $67 billion in bonds, cash, and loans backing its stablecoin (USDT), reports the WSJ.

Tether Holdings Limited – the company behind the largest stablecoin USDT – revealed a net profit of around $700 million in the fourth quarter of 2022.

Stablecoin issuer Tether released its latest attestation report on Thursday, reporting a profit of $700 million in the fourth quarter of 2022, which it reinvested into its reserves.

Several crypto companies including Binance, Tether, Bitfinex, OKX, and Kucoin pledged over $9 million in aid for the earthquake victims in Turkey and Syria.

Tether and INHOPE have announced a collaboration to eliminate CSAM (child sexual abuse material) related payments on the network.

A new report by the Wall Street Journal brought to light some interesting facts and numbers related to the issuer of the world’s largest stablecoin.

Tether is committed to serving people in emerging markets globally.

According to the documents, Tether was built by the joint efforts of ex-plastic surgeon Giancarlo Devasini and former child actor and crypto entrepreneur Brock Pierce. In September 2014, Tether Holdings was incorporated in the British Virgin Islands.

Four men owned 86% of Tether as of 2018, according to investigatory documents viewed by the Wall Street Journal.

An Ethereum wallet that belongs to bankrupt trading firm Alameda Research quietly received $6 million worth of tether (USDT) from Bitfinex's hot wallet overnight, according to Nansen data.

Stablecoin issuer Tether is pushing back against assertions that it borrowed funds from failed crypto lender Celsius.