FNB Opens Crypto Trading to Nearly 9 Million Customers
The launch brings access to five major crypto assets through a large South African bank, extending retail exposure beyond specialist trading platforms.
Tether (USDT) is a fiat-backed stablecoin designed to maintain a value pegged to the U.S. dollar, functioning as a digital equivalent of fiat cash within cryptocurrency markets. It belongs to the broader category of USD stablecoins and is issued by Tether Limited, a company incorporated in Hong Kong and governed under the laws of the British Virgin Islands. Unlike volatile cryptocurrencies, each USDT token is intended to be backed by reserves of traditional currency held by the issuer, providing a stable on-chain representation of the dollar. USDT operates across numerous blockchain ecosystems, including Ethereum, Tron, Solana, Avalanche, Near Protocol, Celo, Tezos, Kaia, Aptos, TON, and Kava, which contributes to its wide accessibility. Its primary use case is serving as a liquidity bridge between fiat and digital assets, allowing traders to move in and out of positions on exchanges without relying directly on banking channels. Because of its stability and broad exchange support, USDT is widely used for trading pairs, cross-exchange transfers, and as a settlement asset in decentralized finance applications.
The launch brings access to five major crypto assets through a large South African bank, extending retail exposure beyond specialist trading platforms.
The dispute puts Tether’s control over frozen USDT funds under legal scrutiny, a question with implications for users who rely on stablecoins to move dollar-linked value.
The dispute puts the control Tether can exercise over frozen USDT at the center of a cross-border payments firm's claim that its operating funds were wrongly blocked.
The strategic round links OKX to stablecoin issuers, institutional liquidity and a global bank as it pushes payments beyond its trading base.
Circle, Ripple and Standard Chartered’s SC Ventures are backing a push that could bring stablecoin settlement and tokenized U.S. stocks deeper into regulated finance.
The investigation links Bybit exploit funds to alleged laundering operations and highlights how blockchain tracing can support freezes, even when investigators must risk funds to gather evidence.
The app combines dollar-denominated balances, transfers and card spending, putting OKX in competition with payments products from Binance, Coinbase and Bybit.
A minimum charge can outweigh a low percentage rate, leaving smaller issuers to prove that tokenization lowers the full cost of raising capital.
The investigator says he spent 349,700 USDC to gain access, helping trace funds across four blockchains and leading to a 442,000 USDT freeze by Tether.
The higher rate closes a 25-basis-point gap with sGHO savings on Ethereum Core, but reserve liquidity improves only if repayments bring USDC or USDT into the modules.
One-for-one share backing and stablecoin settlement bring familiar equities onto blockchain rails, but issuer objections, liquidity and temporary regulatory relief could constrain adoption.
120M $USDT (≈120M) moved from Tether Treasury to #Bitfinex.
120M $USDT (≈120M) moved from #Bitfinex to Tether Treasury.
The SEC exemption caps listings and trading volumes, creating a limited test of whether onchain prices can offer a useful signal while US stock markets are closed.
Card spending reached about $1.2B last month, triple the year-earlier volume, as Stripe pushes digital dollars into everyday payments.
Their proposals could widen access for foreign-regulated stablecoins, but any change depends on the EU’s review and would not offer issuers an immediate route into Europe.
Redeeming locks in the quoted USDT payout but burns DFX, surrendering any share of future pool deposits.
Built on RGB, the Tether-backed project adds private USDT transfers, native BTC-USDT swaps and BTC-backed lending without wrapping, with Lightning Network support planned next.
The pitch from its partnerships chief: hide gas, bridges and network choice from users the way banking apps hide SWIFT, and let third-party wallets embed the rails invisibly.
The proposal would reach existing holders, closing a route to regulated safekeeping that remained open after trading restrictions.
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.
Tether (USDT) is categorised as: Stablecoins, USD Stablecoin, Solana Ecosystem.
The official Tether site is https://tether.to/.
Most recent Tether coverage: "FNB Opens Crypto Trading to Nearly 9 Million Customers" — read at /en-US/a/fnb-opens-crypto-trading-to-nearly-9-million-customers.