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Glassnode Analyst: Tether is CBDC

Glassnode analyst @_Checkɱate stated on social media platform X that Tether is a CBDC. Travis is correct in saying that if the US government can shut down Russia's reserves, it is difficult to say they do not have the ability to shut down Tether's reserves. The most likely reality is that as fiat currencies collapse, developing countries will switch to the US dollar, and USDT is objectively superior to the peso, bolivar, and lira. Emerging markets mainly provide funding for US retirement, medical, military activities, and government generosity. Ironically, this is a win-win situation for both parties.
Glassnode Analyst: Tether is CBDC

Cantor Fitzgerald CEO: Holds a lot of Tether Treasury bonds

Howard Lutnick, CEO of financial services company Cantor Fitzgerald, said on CNBC's podcast: "I am a loyal fan of stablecoins like Tether. I hold their national debt, they have a lot of national debt, and they now have more than $90 billion, so I am a loyal fan of Tether." Howard Lutnick did not specify whether the $90 billion was the amount of national debt held by the company for Tether. Market data shows that Tether's market value is currently $90.5 billion.

Tether issues an additional one billion USDT on TRON

On-chain data shows that Tether has issued one billion USDT on TRON.

55 million USDT transferred from unknown wallet to Binance

According to Whale Alert monitoring, 55 million USDT was transferred from an unknown wallet to Binance.

Tether has frozen 161 addresses, and only 11 addresses hold a total of more than 3.5 million USDT.

Tether announced yesterday that it will block the use of its stablecoin USDT in wallets that are subject to US sanctions. The new sanctions affect 161 Ethereum wallets, of which 150 do not even hold USDT, while the remaining 11 wallets hold over 3.5 million USDT tokens, with 3.4 million USDT held by a single address. Blockchain investigator ZachXBT has linked this address to the recent hacking attack on the gambling platform Stake. Among the other wallets, two addresses hold about 20,000 USDT each, another holds nearly 60,000 USDT, and the rest hold smaller amounts, with one wallet holding only 0.16 USDT.

Tether: Wallet addresses subject to OFAC sanctions have been frozen

According to The Block, Tether stated that the company has frozen individual wallets that are subject to sanctions by the US Office of Foreign Assets Control (OFAC).

Kraken has supported USDT deposits and withdrawals on Optimism

The cryptocurrency exchange Kraken has announced that it now supports deposits and withdrawals of Tether (USDT) on the Optimism network.

Tether partners with crypto trading platform Bitkub and its academy to promote stablecoin education in Thailand

On December 7th, Tether partnered with Bitkub, the largest cryptocurrency trading platform in Thailand, and Bitkub Academy to promote stablecoin education in Thailand.

ChainArgos: Tether blacklists 28 new wallets

Blockchain analysis company ChainArgos posted on social media that Tether has blacklisted 28 new wallets, which may be a daily record. These wallets have sent and received billions of USDT in value throughout their lifetimes, with $161 million coming from a single exchange.

Bitcoin mining company Northern Data spends $360 million to buy GPUs for artificial intelligence services

German data center and Bitcoin mining operator Northern Data spent $360 million to purchase GPUs to support its cloud computing services. This acquisition was made after Tether provided Northern Data with $609 million in debt financing. The purchase brought the company 384 HPE Cray XD supercomputers, equipped with approximately 8,200 NVIDIA H100 Tensor Core GPUs. The company added that its AI cloud facility is "100% carbon neutral," addressing energy-related issues that plague AI, data centers, and Bitcoin miners.