OKX Europe has launched a new service allowing customers in 30 EU and EEA countries to deposit Tether's USDT and convert it voluntarily into Circle-issued USDC, which complies with the EU's MiCA regulation. This move comes as many European platforms reduce support for USDT due to Tether's refusal to seek MiCA approval, which requires reserve holdings in European banks. OKX's feature offers an 8% deposit bonus and gives users control over the timing of conversion, addressing the needs of those affected by MiCA restrictions and Binance's European exit. The service supports only one-way conversion from USDT to USDC, reflecting the growing shift toward MiCA-compliant stablecoins in Europe.
Tether's USDT stablecoin is rapidly growing, adding over 30 million new wallets each quarter, with a user base exceeding 550 million. Its market capitalization reached about $190 billion in 2026, briefly overtaking ether as the second-largest cryptoc...
Tether's USDT stablecoin is rapidly expanding, with over 30 million new wallets added each quarter, reaching nearly 500 million wallets globally by late 2025. This growth is largely driven by users in emerging economies seeking protection from local ...
Argentine fintech Uala completed a $197 million funding round led by Allianz X, with Tether participating as an investor. This significant capital injection supports Uala's digital financial services growth across Latin America. Tether's $20 million ...
Venezuela's USDT stablecoin trading volume has reached about 75% of its monthly oil export value, reflecting the country's shift to a parallel financial system amid economic sanctions and hyperinflation. The state oil company PDVSA requires prepaymen...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
