Tether

Tether Holdings Limited (BVI), the issuer of the stablecoin USDT, has announced strong Q3 2024 financial results, driven by a combination of investment gains and rising demand for its digital dollar. Tether CEO Paolo Ardoino shared details of the quarter on the social media platform X on October 31, emphasizing the company’s diverse revenue sources, […]

U.S. authorities are scrutinizing Tether for potential breaches of anti-money-laundering laws and sanctions, according to sources cited by The Wall Street Journal (WSJ) in a report written by Angus Berwick, Vivian Salama, and Ben Foldy and published earlier today. The WSJ says that sources familiar with the matter told them the probe, which is apparently […]

Tether Holdings Ltd, the company behind the world’s largest stablecoin, USDT, is expanding its horizons by exploring lending opportunities in the commodities trading sector. According to a report for Bloomberg News by Archie Hunter and Olga Kharif, the firm has been in talks with several commodities trading companies, considering US dollar lending as a new avenue to […]

According to a report by Muyao Shen for Bloomberg, some Chinese investors appear to be moving away from cryptocurrencies and back into the nation’s stock market, which has recently surged due to central bank measures. Although crypto trading was officially banned in 2021, Bloomberg reports that many mainland residents have continued to access overseas accounts […]

On September 12, 2024, Consumers’ Research, the United States’ oldest consumer advocacy organization, issued a public warning to U.S. governors regarding alleged risks associated with fiat-backed stablecoin issuer Tether (USDT). Consumers’ Research is a non-profit organization (NPO) that focuses on educating consumers about products, services, and various issues affecting the marketplace. Founded in 1929, it was originally […]

According to a recent report by Suvashree Ghosh for Bloomberg News, in the fast-paced crypto space, where new blockchains seem to pop up daily, Tether, the company behind the world’s largest stablecoin, USDT, is taking a different path. Tether, however, has apparently decided not to launch its own blockchain, which bucks the current trend. Tether’s […]

On August 21, Tether, the stablecoin issuer behind USDT, announced plans to introduce a new stablecoin pegged to the United Arab Emirates Dirham (AED). The forthcoming stablecoin, developed in collaboration with UAE-based tech conglomerate Phoenix Group PLC and with support from Green Acorn Investments Ltd, marks the latest addition to Tether’s growing portfolio of stablecoins. […]

Donald Trump has appointed Cantor Fitzgerald CEO Howard Lutnick and WWE co-founder Linda McMahon to jointly chair his presidential transition team, as announced by his campaign on Friday, according to a report by Bloomberg. The transition team also includes Ohio Senator JD Vance, Trump’s running mate, and Trump’s sons, Eric and Donald Jr., as honorary […]

Tether, the issuer of the world’s largest stablecoin, USDT, is facing growing regulatory pressures that could significantly impact its operations and market dominance, according to a report by Will Canny for CoinDesk. A recent research report by JPMorgan, cited by CoinDesk, points to increasing regulation, particularly from Europe’s Markets in Crypto-Assets Regulation (MiCA), as a […]

Leading stablecoin issuer Tether, the company behind the USDT token, has announced record-breaking profits of $5.2 billion for the first half of 2024 while also revealing a significantly expanded portfolio of U.S. government bonds, now valued at an estimated $97.6 billion. According to a recent announcement, Tether’s ownership of U.S. Treasuries is now at an […]

During a recent interview on the “World Class” podcast, Ripple CEO Brad Garlinghouse hinted at impending regulatory scrutiny from the US government targeting Tether (USDT), particularly at a time when stablecoin regulations are gaining momentum. Garlinghouse expressed his concerns about the critical role Tether plays in the crypto ecosystem and the potential disruptive consequences if […]

According to a report by Reuters, Venezuela’s state-run oil company, PDVSA, is increasingly turning to the digital currency Tether (USDT) for its crude and fuel exports as the United States reimposes oil sanctions on the country. Three people familiar with the plan have confirmed to Reuters that PDVSA is speeding up its shift towards Tether […]

On 19 April 2024, the TON Foundation announced a significant development in digital finance with the launch of Tether (USDT) on The Open Network (TON), which is integrated with the globally popular Telegram messaging service. This initiative introduces nearly 900 million monthly active users of Telegram to an innovative Web3 experience centered around global peer-to-peer […]

Leading stablecoin issuer Tether, the company behind the world’s largest stablecoin USDT, has quietly added around 8,888.888 BTC to its stash for a total of around $618 million, bringing the company’s total Bitcoin holdings to around 75,354 BTC. The company’s suspected Bitcoin holdings make it the owner seventh-largest Bitcoin wallet in the world, with nearly […]

Stablecoin issuer Tether has announced the successful completion of the System Organization Control (SOC) 2 Type 1 audit. According to Tether, this step is integral to reinforcing its commitment to providing a secure and transparent environment for its users, highlighting its role as a frontrunner in the industry. The SOC 2 Type 1 audit, recognized […]

Large cryptocurrency investors, colloquially known as whales, have been increasingly accumulating stablecoins over the last few weeks, to the point that they now control over half of the combined stablecoin supply. That’s according to popular on-chain analytics firm Santiment, which has recently noted that since September the stablecoin market has been growing, to the point […]

On January 16, Howard Lutnick, CEO of Cantor Fitzgerald, spoke on Bloomberg Television at the World Economic Forum’s annual meeting in Davos, Switzerland. Cantor Fitzgerald is a global financial services firm that operates in various aspects of the financial markets. Founded in 1945, it has established itself as a prominent player in the world of […]

Cantor Fitzgerald is a prominent American financial services firm that was founded in 1945. It operates as both a brokerage firm and an investment bank, offering a wide range of financial services, including bond trading, investment banking, asset management, market data, and brokerage services. The firm is well-known in the financial industry for its expertise […]

Tether introduced a wallet-freezing policy on 9 December 2023. Tether is a major player in the crypto space, known for issuing the Tether token (USDT), which is a type of stablecoin. Stablecoins are cryptocurrencies designed to maintain a stable value by being pegged to another asset, typically a fiat currency. In the case of Tether, […]

The largest Tether (USDT) whales have been growing their holdings over the past six months, adding in $1.67 billion worth of the stablecoin, in an accumulation trend that suggests they’re getting ready to buy cryptocurrencies on the market and potentially helped BTC’s price surpass $40,000. According to on-chain analytics firm Santiment, the buying power of […]

Circle Internet Financial, the issuer of the USDC stablecoin (USDC), announced yesterday that it is discontinuing the ability for individual accounts to create stablecoins. A spokesperson from Circle told CoinDesk that the company is “phasing out support for legacy consumer accounts” and has informed the affected users about this change. However, this restriction will not […]

On 17 October 2023, Gabbani, a well-known hospitality company in Lugano, Switzerland, unveiled an initiative that aims to reinforce Lugano’s existing prominence as a top European hub for blockchain technology. The project focuses on the eco-friendly utilization of surplus energy, channeling the extra power generated at Gabbani’s food manufacturing facilities into a cutting-edge Bitcoin mining […]

A popular blockchain researcher and data specialist at the parent company of 21Shares has recently revealed an analysis that seems to suggest that the leading stablecoin issuer Tether could be the owner of the 11th largest Bitcoin address. Tether’s Bitcoin balance has seen a substantial increase, with an additional $176 million added since the preceding […]

Tether, the issuer of the widely used Tether (USDT) stablecoin, has announced a new all-time high in its market cap, exceeding the previous record of $83.2 billion set in May 2022. Paolo Ardoino, Tether’s CTO, attributes this milestone to the increasing demand for financial freedom and the unique advantages offered by Tether tokens. According to […]

Tether, the company behind the well-known stablecoin, has announced its expansion into the renewable energy sector and sustainable Bitcoin mining in Uruguay. This move marks a significant diversification of Tether’s operations, extending beyond its traditional financial and communications activities. Tether is planning to invest in renewable energy sources to support Bitcoin mining operations in partnership […]

Tether’s strategic decision to invest a significant portion of its operating profits into Bitcoin is creating a surge of optimism for an upward trend in the cryptocurrency market. Tether International Limited, the manager of the preeminent stablecoin, recently divulged an investment strategy designed to bolster its reserve portfolio. CoinShares, a leading digital asset investment firm, […]

Leading stablecoin issuer Tether, the firm behind the USDT token, has recently revealed that it amassed $2.5 billion in excess reserves, and that it now plans to use 15% of its realized net operating profits to invest in the flagship cryptocurrency Bitcoin ($BTC). According to a recent announcement, Tether’s excess reserves currently account for approximately […]

On Thursday (8 December 2022), Coinbase announced that it had decided to make it easier for its “global retail customers” to convert Tether ($USDT) to USD Coin ($USDC), highlighting the latter’s good reputation without directing attacking the former. According to Coinbase’s blog post, customers are looking for stability and trust in the midst of market […]

Following the decision of the mayor of Lugano to make Bitcoin ($BTC) and tether ($USDT) “de facto legal tender” in the Swiss city, it is now possible to pay with these two cryptocurrencies at both McDonald’s restaurants over there. Lugano is “a city and municipality in Switzerland, part of the Lugano District in the canton […]

Stablecoins have become a major part of the cryptocurrency space over time, with Tether USD (USDT) and USD Coin (USDC) now being the two leading stablecoins by market capitalization. While both are fully collateralized stablecoins, their underlying business models and infrastructure differ. Looking at the differences between USDT and USDC is crucial for investors to […]

In the early hours of Thursday (UTC time), Bitcoin fell below $26,000, partly due to fiat-backed stablecoin Tether ($USDT) temporarily losing its peg. However, currently, $USDT is looking healthier and so does Bitcoin. According to data by TradingView, on crypto exchange Bitstamp, the Bitcoin price fell to around $25,499 — which is the lowest it […]

On Wednesday (April 13), Paolo Ardoino, CTO at Tether (and Bitfinex), said the fiat-backed stablecoin issuer has been taking “enormous steps” to increase transparency and to “reduce dramatically” its exposure to commercial paper. Tether, which was launched in 2014, is the issuer of the dollar-pegged stablecoin with the same name. Tether tokens are supported on […]