Results for "tether"
Tether to decommission USDT on Algorand and EOS
Tether plans to sunset USDT minting on two major blockchain ecosystems over a year-long transitionary period.
Corruption and money laundering in Tether: protest campaign launched in the US
An advertisement in Times Square in New York accused Tether of corruption and aiding illegal activities. Fox News journalist Eleanor Terrett twitted a photo of a massive billboard in the middle of Times Square. She noted that this action is…
Tether unveils gold-backed asset class to ‘redefine stability’ in digital economy
Stablecoin issuer Tether has announced the launch of a new asset class backed by Tether Gold in a bid to enhance value consistency and stability. Tether is expanding its list of stablecoins with a new asset class aimed at enhancing…
US government attempts to seize $200k in Tether that was part of pig-butchering crypto scam
The United States has started a forfeiture complaint to seize nearly $200,000 worth of USDT held on Binance linked to a $1.1 million pig-butchering scam. The funds in question are linked to two pig-butchering scams that defrauded an anonymous victim…
Tether invests over $18m in cross-border exchange startup XREX
Cross-border payments startup XREX has raised $18.75 million from Tether to expand use cases for USDT-based payments in emerging markets. XREX, a cross-border crypto exchange platform founded by Wayne Huang and Winston Hsiao, has raised nearly $19 million from Tether,…
Tether investing up to $150M in crypto mining firm Bitdeer
On Friday, Tether announced that it had entered into a subscription agreement with Bitdeer to buy up to $150 million worth of shares in a private placement. The agreement includes 18,587,360 Class A ordinary shares and a warrant to purchase…
Russia’s top metal producers reportedly turn to Tether for trades with China
Russia’s two largest unsanctioned metal producers have reportedly begun using Tether’s USDT stablecoin for cross-border transactions with Chinese clients and suppliers. Russian commodities giants have reportedly started using stablecoins to settle cross-border transactions with China as the U.S. Treasury Department…
Tether mints $1 billion USDT on Ethereum, forecasting an ETF approval
Tether minted on Tuesday $1 billion USDT tokens on the Ethereum blockchain, capitalizing on growing hype around a potential spot Ethereum ETF approval. The market upswing was driven by hopes that the U.S. Securities and Exchange Commission (SEC) will approve…
Tether froze $5.2m USDT from suspected scammers
Stablecoin issuer Tether froze around 5.2 million USDT on addresses believed to be operated by phishing scammers.
Tether expands in UAE, partners with RAK DAO
The USDT stablecoin issuing company, Tether, has partnered with RAK Digital Assets Oasis.
Tether-parent iFinex to aid El Salvador’s crypto rules
Bitcoin-friendly nation El Salvador is working on a crypto regulatory framework and has enlisted help from a digital asset titan affiliated with the largest stablecoin.
Tether’s Ardoino says ‘uninformed CEO’ spreads FUD about USDT
Tether CEO Paolo Ardoino says an uninformed executive behind a company being investigated by the SEC is being reported “spreading fear about USDT.” Tether boss Paolo Ardoino said in a recent post on X that an “uninformed CEO” is allegedly…
Tether CEO fires back at accusations about company solvency
Tether CEO Paolo Ardoino responded to Deutsche Bank analysts’ questions about the company’s solvency and the stability of its USDT stablecoin.
Tether slams Deutsche Bank report questioning USDT stability and solvency
Tether, the largest stablecoin in the world, has slammed a recent Deutsche Bank report that questioned the stability of stablecoins and Tether’s solvency. The research, published on May 7, analyzed 334 currency pegs from the year 1800 onward and revealed…
Tether announces expansion into Eastern Europe, invests in CityPay
Tether has announced its expansion into Eastern Europe and will invest in a Georgian payment service.
Tether CEO responds to alleged Bitfinex database attack from ‘F Society’
A ransomware group claims to have targeted Bitfinex, but top brass at the cryptocurrency exchange deny that a cyberattack occurred. Here’s what we know.
Tether taps Chainalysis to track USDT activity on secondary markets
Stablecoin issuer Tether has announced a partnership with blockchain forensics firm Chainalysis to develop a tool for monitoring secondary market activity. Tether is planning to enhance its oversight of the USDT market, as the firm has signed a partnership agreement…
Tether bags record $4.5b profit in Q1
USDT issuer Tether set a new record after making $4.5 billion in net profits during the first quarter of 2024.
