Tether claims billions in profits as it grows ‘secured loans’
Tether, the world's largest stablecoin company, has continued to grow its secured loans business even after promising to eliminate it.
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Tether, the world's largest stablecoin company, has continued to grow its secured loans business even after promising to eliminate it.
— DeFi, Stablecoins
By looping Binance Chain-based USD1 on Euler Finance against USDT, yield farmers have earned 99% APR on the presidential stablecoin.
Circle's USDC has made substantial gains in 2025 across several metrics against its main stablecoin competitor, Tether's USDT.
Circle and Tether, the two largest stablecoins, have adopted different tactics when it comes to the management of their reserves.
Circle has filed to go public and admits that it is 98% less profitable than Tether despite sharing a similar business model.
While the affected transactions come from distinct addresses, their transaction histories suggest they are from the same individual.
Garantex was sanctioned by the EU in February as it stepped up its efforts to bring an end to “Russia’s war of aggression against Ukraine.”
A crypto trader has claimed that Pakistan authorities kidnapped him and forced him to give up $340,000 worth of crypto.
— HTX, Justin Sun
The Justin Sun-advised crypto exchange received $500M USDT from Tether that it distributed to a variety of other addresses.
Heka Funds is one of the largest USDT arbitrage funds. We asked its manager to comment on Tether as well as MicroStrategy and BTC.