Fraudsters raked in at least $9.9 billion and possibly as much as $12.4 billion with their methods becoming more “professionalized.”
The project, which also claims Tether's Paolo Ardoino as an investor, aims to enhance stablecoin adoption through a Bitcoin sidechain that allows zero-fee USDT transactions.
The country restricted institutions from trading crypto in 2017.
Company veri suggests that Tether's reserves are 66% compliant under the STABLE Act and 83% under the GENIUS Act, the report said.
The new platform OS2 will combine NFT and token trading and support multiple blockchains.
The popular trading platform said revenue for fourth quarter rose 115% from last year, mainly driven by crypto.
Under pressure this morning ahead of a coming Trump tariff announcement, the price of bitcoin didn't immediately react to the veri.
The new Liquid Yield Tokens (LYT) offer a floating value based on DeFi funds, starting with Edge Capital, RE7, and MEV Capital.
The move comes as bitcoin has stuttered around $96,000.
Robinhoood shares jumped 13% in early trading Thursday after fourth-quarter earnings beat estimates.