BTCUSDT the stablecoin scale of the Sonic supported by Andre Cronje has increased by 106% to $252 million in the past 7 days, making it one of the L1s with the largest stablecoin growth, of which USDC accounts for 77.21%. However, $195 million worth of stablecoins are Bridged stablecoins.
BTCUSDT Paolo Ardoino, CEO of stablecoin issuer Tether Holdings Ltd., said the company's net profit this year is expected to exceed $10 billion, and Tether will invest more than half of its net profit this year.
BTCUSDT Tether announced that its investment arm, Tether Trade Finance, has completed funding of the first USDT-based Middle Eastern crude oil transaction. The transaction, which will be completed in October 2024, aims to facilitate the loading and transportation of 670,000 barrels of Middle Eastern crude oil, valued at approximately $45 million
BTCUSDT Tether Holdings has proposed using digital assets and blockchain technology to revolutionize Turkey's boron market and establish a digital-asset exchange in Istanbul.