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As of September 2024, the T3 Financial Crime Unit had frozen about $12 million in USDT linked to scams and fraud, and had identified eleven victims. [ 41 ] Tether reported in August 2024 that their profit during the first half of the year was $5.2 billion, with a net operating profit of $1.3 billion during the second quarter alone.
USDC regained its dollar peg four days later. [13] In August 2023, Circle and Coinbase dissolved the Centre Consortium, the entity responsible for managing USDC since 2018. This decision granted Circle full governance over USDC. [14] In February 2024, Circle discontinued USDC on the TRON blockchain following a risk management review. Although ...
For example, Coinbase offered a 4.7 percent reward to users who held USDC on the platform in November 2024. 6 largest stablecoins in the world Here are the six largest stablecoins by market cap size.
In September 2016, in a federal court case involving a person operating an unlicensed money transmitting businesses, the U.S. District Court for the Southern District of New York ruled that "Bitcoins are funds within the plain meaning of that term. Bitcoins can be accepted as a payment for goods and services or bought directly from an exchange ...
The issuer of the world's largest stablecoin has minted 2.3 billion new USDT tokens since the start of August. Tether Starts Printing Again After 2-Month Pause Skip to main content
A stablecoin is a type of cryptocurrency where the value of the digital asset is supposed to be pegged to a reference asset, which is either fiat money, exchange-traded commodities (such as precious metals or industrial metals), or another cryptocurrency.
Founded in 2020 by Shayne Coplan, [3] Polymarket is a prediction market that allows users to gain/lose on the outcome of world events. [4] In January 2022, Polymarket was fined US$1.4 million by the Commodity Futures Trading Commission (CFTC), and received a cease and desist order for regulatory violations, including failure to register as a Swap Execution Facility.
[17] [18] [19] On May 14, 2024, Alexey Pertsev was sentenced by a court in the Netherlands to 5 years and 4 months in prison for his role in Tornado Cash development. [20] A trial of Pertsev was also pending as of that date in the United States District Court for the Southern District of New York . [ 20 ]