Ethereum Launches zkAPI as Base Rolls Out Cobalt
The weekly roundup also spans USDT on Bitcoin, proposed shutdowns at Balancer and Blast, and Visa Direct's stablecoin settlement link.
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 weekly roundup also spans USDT on Bitcoin, proposed shutdowns at Balancer and Blast, and Visa Direct's stablecoin settlement link.
The comparison signals a new source of demand for US debt, but stablecoin issuers buy mostly short-term assets, not the longer-dated bonds China has shed.
200M $USDT (≈200M) moved from #Binance to unknown wallet.
Users can redeem recovery tokens now, but larger reimbursements depend on future funding and the recovery of stolen assets.
500M $USDT (≈499.8M) moved from Tether Treasury to #Binance.
500M $USDT (≈499.8M) moved from #Binance to Tether Treasury.
Verified users receive 1 DFX for each USDT lost, but the amount they can recover now depends on a pool that holds about 3.11 million USDT.
A7’s route from its ruble-backed token into USDT puts exchanges and liquidity providers under greater scrutiny as Washington targets the network’s access to global markets.
Falling USDT market share and rising leveraged longs point to stronger risk appetite, but the U.S. jobs report could test the rally through Treasury yields.
110M $USDT (≈110M) moved from #Bitfinex to Tether Treasury.
110M $USDT (≈110M) moved from Tether Treasury to #Bitfinex.
The sponsored walkthrough focuses on how order settings affect execution, fees and risk, rather than making a market forecast.
The redemption rate depends on the Recovery Pool balance and outstanding DFX supply, so receiving 1 DFX per USDT lost does not guarantee full repayment.
A partner reward model gives payment platforms an incentive to distribute OUSD, but USDT and USDC still control about 84% of the dollar-stablecoin market.
The visitor-only rollout brings crypto-funded purchases to participating physical stores while merchants continue to receive yen.
The hook can capture rebalancing fees, but its fixed reference cannot account for a stablecoin losing value. Pool volume alone cannot establish LP returns.
277.2M $USDT (≈277M) moved from #Binance to unknown wallet.
The Sept. 23 snapshot shows a sharp contrast across user holdings: USDe rose 62.41%, while BTC and ETH posted smaller gains.
The move follows failed attempts to route more than $50M through NEAR Intents, underscoring how tighter screening can push stolen funds toward privacy tools and permissionless venues.
The model ties partner rewards to both OUSD supply and transaction activity, putting distribution and real usage at the center of its challenge to USDT and USDC.
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: "Ethereum Launches zkAPI as Base Rolls Out Cobalt" — read at /en-US/a/ethereum-launches-zkapi-as-base-rolls-out-cobalt.