Tether launched USDT0 on Kraken’s Layer 2, Ink.

The British Virgin Islands-based stablecoin issuer is relocating to the Central American nation that was the first to have a national bitcoin treasury.

This is USDT’s sharpest decline since the FTX crash, falling from $140 billion to $137 billion amid growing regulatory pressure in the EU.

The stablecoin could face removal from European exchanges if it fails to comply with MiCA, which aims to standardize EU market rules for crypto assets.

Increased institutional interest in crypto ETFs is driving Ethereum's retaking USDT dominance.

The issuer of USDT, which reigns supreme in the stablecoin sector, earns the vast majority of its income by investing its reserves in fixed-income instruments.

The stablecoin provider will work with Phoenix Group to launch a token pegged to the United Arab Emirates Dirham (AED).

Tether said USDT transfers will have gas fees below $0.01.

Celsius is suing Tether over dispute on bitcoin collateral liquidation, demands $3.5 billion

The stablecoin issuer reported record-breaking profits, treasury bill ownership, and reserves.