Tether Project Weekly Report (0321-0327)
Data: Tether (USDT) Market Cap Exceeds $80 Billion for the First Time
According to news on March 24, the market value of Tether (USDT) exceeded 80 billion US dollars for the first time, and is currently 81,417,623,205 US dollars, second only to Bitcoin and Ethereum. In addition, since last month, Tether has issued about $3 billion in new stablecoins and entered circulation, and another about $4 billion has been authorized but has not yet been issued. (Trustnode)
https://www.bitcoin86.com/qtszb/79431.html
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News on March 23, according to Whale Alert data, Stablecoin issuer Tether issued an additional 1 billion USDT on TRON at 16:19 on March 23, Beijing time. Paolo Ardoino, chief technology officer of Tether, added that this is an authorized but unissued transaction, which means that this additional issuance will be used for the next issuance request and on-chain interaction.
https://new.qq.com/omn/20220323/20220323A07N1V00.html
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Tether to launch CHF 100 million fund at Blockchain Hub in Lugano
To implement "Project ₿" in the city of Lugano, Switzerland, project participant Tether plans to launch a fund of at least 100 million Swiss francs (approximately $107 million). Finews reported on it.
The funds will be used to support the integration of business-related tools into everyday life and local blockchain startups. Scholarships are also expected to be awarded to 500 students from the three universities.
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As Bitcoin hovers at $41,000, Tether unique addresses may signal huge crypto action is imminent
With Bitcoin (BTC) hovering near $41,000 on March 21, the shift in stablecoin volumes suggests that a major change may be imminent in the cryptocurrency market.
The platform revealed that “stablecoins are finally getting into action,” as the number of USDT unique addresses reached its highest level since December 2020 on March 19.
