Golden Finance reported that the monthly stablecoin report from CoinDesk Data shows that in March, the market capitalization of tokenized gold soared to a record 1.4 billion dollars, with volume spiking to an annual high. Among these products, Tether's gold-backed token (XAUT) and Paxos' PAXG dominate, with market capitalizations of 749 million dollars and 653 million dollars, respectively. The report states that the overall stablecoin market's market capitalization exceeded $231 billion in March, marking 18 consecutive months of growth. USDT rose to a record $144 billion. However, as competition in the stablecoin market intensifies, its market share has fallen to the lowest level since March 2023 (62.1%). The second largest stablecoin, Circle's USDC, grew by 7% in one month, reaching nearly $60 billion.

PANews reported on April 19 that, according to Bloomberg, Tether, a stablecoin issuance provider, has partnered with the TON Foundation to allow customers to send encryption payments using instant messaging services encryption Telegram. Tether CEO Paolo Ardoino said in an interview at the Token2049 encryption conference in Dubai on Friday: "We can create the first truly powerful application that can be used both as a communication system and as a bank account. ” Arduino said Tether works closely with 124 law enforcement agencies in 40 different countries and complies with OFAC sanctions rules; has the ability to freeze assets when required by law enforcement agencies, Tether has cooperated with law enforcement and frozen $1.1 billion in funds since its inception in 2014; the company now issues quarterly proof of assets backing its reserves, has more than $90 billion in U.S. Treasuries-backed USDT, and has a circulating supply coverage of 106 for stablecoinsThe company made a profit of $6 billion last year, of which $5 billion went to its reserves as the company prioritized redeemability. Steve Yun, chairman of the TON Foundation, said in an interview at the conference that he wants to bring more long of Telegram's 900 million users to TON Blockchain and encryption Wallet, as long users are looking for simple and effective ways to send money. "In emerging markets, there is a huge need to store wealth in dollars," he said. Earlier, Tether CEO said that USDT will be on the TON network on April 20, and XAUT will be on the TON network in the next few months.

PANews reported on April 2 that, according to CoinDesk, DeFi derivatives protocol Cega launched a package option strategy called "Gold Rush" last week, involving ETH and Tether's gold-backed XAUT tokens as the underlying asset, while also having a security component that can protect users' capital from a 30% drop in asset prices. According to Cega, the product offers up to 83% annualized yield for investors who stake ETH, stETH, wBTC or USDC in the option strategy vault. This yield is paid in the form of a staked coin, so ETH stakers receive ETH in the form of yield, providing asymmetric upside in a bull market. The Gold Rush vault went live on March 26. Since then, users have deposited $297,000 worth of crypto assets in the strategy.

Odaily Planet Daily News Tether Transparency Report shows that it currently holds nearly $3.3 billion in liquidity buffer reserves, distributed in 15 blockchain ecosystems. Among them, the Solana ecosystem takes the lead in the value of pre-authorized issuance, currently at $1.57 billion, while Ethereum and Tron rank second and third with pre-authorizations of $617 million and $353 million, respectively. As of August 24, Tether's total assets were US$86.1 billion, its total liabilities were US$82.8 billion, and its reserve ratio exceeded 100%. Tether's other non-USD stablecoins (XAUT, EURT, MXNT, and CNHT) do not enjoy the same liquidity buffer as USDT. According to the report, other Tether-issued stablecoins temporarily do not have balances to cushion and maintain their pegs during times of crisis. (Cointelegrahp)

Odaily Planet Daily News Tether Chief Technology Officer Paolo Ardoino tweeted that a mobile application based entirely on USDT and XAUT will be launched to realize B2B, B2C and C2C international purchase settlements, supporting direct payment, custody, and dispute resolution platforms And other features, and will support the Bitcoin Lightning Network, the application is still in beta and will be launched soon.

According to PANews on August 10th, Paolo Ardoino, chief technology officer of Tether, tweeted that a mobile application based entirely on USDT and XAUT payment will be launched to realize B2B, B2C and C2C international purchase settlement. The solution supports direct payment , escrow, dispute resolution platform and other functions, and will support the Bitcoin Lightning Network, the application is currently in the testing phase.

Odaily Planet Daily News Tether Chief Technology Officer Paolo Ardoino tweeted that Tether Gold has a non-competitive relationship with BTC, and its competition is legal currency. It is reported that Tether Gold (XAUT) is a digital token launched by Tether and anchored to physical gold, with a current market value of 470 million US dollars.

According to PANews news on June 17, according to The Block, according to documents related to the legal settlement released by the New York Attorney General this week, stable currency issuer Tether issued $11.6 billion in mortgage loans between June 2019 and May 2021. . Of the 694 loans, 89% had Bitcoin as collateral and 9% had Ethereum as collateral. The remaining 2% is collateralized with Tether Gold (XAUT) and other securities. Tether has received a total of 450,000 Bitcoins and 1.1 million Ethereums as collateral. The documents also show that Tether repaid $8 billion in loans during this period. In December 2022, Tether stated that it will reduce the collateralized and overcollateralized loans in its reserves to zero during 2023.

Jinse Finance reported that according to documents related to the legal settlement released by the New York Attorney General this week, Tether issued $11.6 billion in mortgage loans between June 2019 and May 2021. Of the 694 loans, 89% of the total loan amount was issued with Bitcoin as collateral, while 9% of the loans were issued with Ethereum as collateral. The remaining 2% was split between Tether Gold (XAUT) and unnamed securities. Tether has received a total of 450,000 BTC collateral and 1.1 million ETH. The documents also show that $8 billion in loans were repaid during that period.

On June 9th, Web3 e-commerce platform Uquid announced that it accepts Tether Gold (XAUT) as a payment option. Founded in 2016, Uquid is an online retail ecosystem that integrates Metaverse and traditional e-commerce. In addition to accepting XAUT as a payment method now, customers can also use BTC, USDT and other cryptocurrencies to purchase goods.

Odaily Planet Daily News Web3 e-commerce platform Uquid announced that it accepts Tether Gold (XAUT) as a payment option. Founded in 2016, Uquid is an online retail ecosystem that integrates Metaverse and traditional e-commerce. In addition to accepting XAUT as a payment method now, customers can also use BTC, USDT and other cryptocurrencies to purchase goods.