Latest developments related to Tether (USDT)
🔹 Key updates on Tether (USDT)
Listing of Tether Gold (XAU₮) in Thailand: Tether announced the listing of its gold-backed currency "Tether Gold" on the Thai platform Maxbit, providing Thai investors with a way to hedge against inflation through gold-backed digital assets.
Expanding the use of USDT in Asia: USDT has been launched on the Kaia network in collaboration with Line Next, allowing its use within the LINE app which has over 196 million monthly active users.
Tether's impact on the US bond market: By the first quarter of 2025, Tether has become one of the largest holders of US Treasury bills, owning nearly $98.5 billion, representing 1.6% of the total outstanding bills. This significant demand has contributed to lowering yields on short-term bills.
Delay in banning certain transactions: A report from AMLBot indicated that a delay in the process of banning certain USDT addresses allowed over $78 million of illicit funds to pass without being frozen.
---
📊 Current market data
Price: USDT is trading at $1.0002.
Market cap: Approximately $152.8 billion.
Daily trading volume: Ranges between $58.8 and $64.2 billion.