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Tether Increases Security by Targeting OFAC-Listed Wallets

Tether, the company behind the prominent stablecoin, has announced a significant policy change in its approach to regulatory compliance and cooperation with law enforcement agencies. In a recent blog post dated December 9, Tether revealed its initiative to voluntarily freeze wallets associated with individuals or entities on the United States Office of Foreign Assets Control…

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Tether joins El Salvador’s “Freedom Visa” program and requires a $1 million investment in Bitcoin

El Salvador, together with the world’s largest stablecoin issuer, Tether, has introduced a new citizenship by investment program, the “El Salvador Freedom Visa Adoption Program”, which aims to attract 1,000 people willing to make a significant investment in the country using Bitcoin or USDT. Selected candidates will receive a residency visa, a path to citizenship,…

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Tether, Issuer of USDT, Reports 30% Drop in Profits

USDT stablecoin issuer Tether released its Q2 2023 certification report on July 31, and according to the report, Tether posted an “operating profit” of $1 billion in the second quarter, down of approximately 30 times.% of first-quarter earnings of $1.48 billion. While its $1 billion “operating income” is down from Q1, there is a 30%…

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Top 3 Crypto Assets to Buy Before You Get a Bullish Market Pull

Despite the fact that the digital currency market has suffered a huge drop in market capitalization and has lost a substantial number of pips across its various assets. However, market investors are looking for profitable opportunities to invest their money in the midst of the downward movement that is taking place in the market. With…