The circulation of Tether USDT has now exceeded $100 billion, according to an article by Unfolded.

PeckShield has monitored that Tether has blacklisted the following addresses: 0x44c9503188827034377353a9f6d876eea15933c9 (balance: 20.01 million USDT); 0xc20dcb6c4fec2516e21cf52648177721e2744988 (balance: 500,000 USDT); 0xc0c9baf6bb9b932eef4a60267aa8c530af5cb62c (balance: 500,000 USDT); 0xf2c678b283b58ac43b9975d13ab3f7ce87422ce0 (balance: 217.12 thousand USDT).

Whale Alert monitoring data shows that approximately 100 million USDT was transferred from Tether Treasury to an unknown wallet about 4 minutes ago, worth $100,099,999.

Tether, the issuer of the stablecoin USDT, announced the launch of an official recovery tool that allows USD migration between blockchains. Users will be able to verify ownership of their address on an unresponsive blockchain and the recipient address on another supported blockchain before transferring USDT.

Whale Alert has monitored the transfer of 103,430,000 USDT from the Tether treasury to an unknown wallet, worth about $103,492,058.

Data shows the supply of USDT is close to 100 billion, as of the time of publication, it is about 99.7 billion. In addition, the supply of USDC has risen to 29 billion.

According to the latest data from Coingecko, the market value of the US dollar stablecoin USDT has exceeded 99 billion US dollars. At the time of writing this article, it was 99,001,536,662 US dollars, setting a new historical high.

Tether CEO Paolo Ardoino stated that the Northern Data AI cluster is successfully going online. A100, A6000, H800, and H100 are in the preheating stage.

Morgan Stanley analysts previously stated in a report that Tether's dominant position is too strong and faces risks from the constantly changing regulatory environment in Europe and the United States. Tether CEO Paolo Ardoino refuted Morgan Stanley's claims, calling the financial services giant "hypocritical."

Bloomberg reports, stablecoin operator Tether Holdings Ltd. is expanding its dominant market share after achieving record profits. JPMorgan Chase & Co. says this is a risk for the overall cryptocurrency market. A report released by JPMorgan on Thursday shows that the centralization of USDT has increased over the past two years, consolidating its position as the leading stablecoin, but Tether's "lack of regulatory compliance and transparency" is bringing increasing risks to the market. JPMorgan analysts wrote, "Stablecoin issuers that are more compliant with existing regulations may benefit from the upcoming stablecoin regulatory crackdown and gain market share." Since paying a $41 million fine to the CFTC in 2021 for falsely reporting reserves, Tether has been committed to making its operations and finances more transparent through quarterly attestations. Nevertheless, the report states that Tether's stablecoin still lags behind competitor Circle in terms of regulatory compliance with USDC tokens. Stablecoins may soon face stricter regulation in the United States and Europe. While the Payment Stablecoin Act is awaiting a vote in the US House of Representatives, the European Union's Markets in Crypto Assets (MiCA) is expected to be partially implemented in June of this year. Paolo Ardoino, CEO of Tether, said in a statement, "Tether's dominant market position may be 'negative' for competitors, including the banking industry, who hope to achieve similar success, but it has never been negative for the market that needs us the most. We have always worked closely with global regulatory agencies, providing them with education on technology and guidance on how they should approach this issue."