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Cryptocurrency has gained significant popularity over the years, and many individuals are now actively participating in the digital asset market.
Tag: USDT
$7.8 Billion was lost in Crypto ponzi and pyramid schemes In 2022
In a report published on June 28 by TRM Labs, a prominent blockchain intelligence firm, an astonishing $7.8 billion was ...
Naira gains N20/$ on Binance within a week as USDT reacts to Tinubu’s economic reforms
The naira currency gained one naira against the US dollar and settled at 758 naira/dollar against last week's high of ...
Why Nigerian youths use USDT to hedge against naira
Nigeria's strong appetite for the US dollar is fueling its growing interest in crypto assets, particularly stablecoins like Tether (USDT)
Why the Naira is a better option than USDT and other stablecoins for keeping your money
Cryptocurrency marketplaces, like conventional financial markets, use safe assets as means of exchange, collateral, and a haven during turbulent times.
Tether Q1 2022 report shows a $4 billion decrease in commercial paper holdings
Tether has reported it cut its reserves allocation to commercial paper investments by 17%.
Crypto assets Ethereum whales are buying
The top 100 Ethereum whales are currently most interested in three stablecoins and over a half dozen altcoins...
USDT briefly loses its peg to the U.S. dollar as market selloff intensifies
The world’s largest and most controversial stablecoin, Tether (USDT), showed signs of stress as USDT/USD traded under $0.99 on major ...
Growing risks of hedging your Naira with USDT
A number of Nigerians are now looking to hedge against high inflation, as well as possible naira devaluation, with the ...
U.S Government sues for millions of USDT purportedly stolen
The United States Attorney's office recently filed a civil complaint accusing four digital wallets containing more than 9.8 million Tether ...
