Tether to Launch USDT Stablecoin on Aptos Blockchain

August 20, 2024 Bitcoin.com

Altcoins

Tether, the issuer of USDT, the largest dollar-pegged stablecoin in the crypto market, has announced the launch of its star product on Aptos, a scalable and rapid blockchain. Tether seeks to offer rails with “extremely low gas fees” for USDT users, opening opportunities for the development of new use cases such as microtransactions and large-scale […]

Polymarket faces scrutiny over M Ukraine mineral deal bet

Polymarket faces scrutiny over $7M Ukraine mineral deal bet

Bitcoin Can Resist the ‘Wrath of God’ Says Tether CEO Paolo Ardoino – Here’s What He Means

August 13, 2024 The Daily Hodl

Bitcoin

Tether chief executive Paolo Ardoino thinks geopolitical tensions and macroeconomic trends are going to increase the importance of scarce assets like Bitcoin (BTC) and gold. Ardoino says in a new interview with investor and venture capitalist Preston Pysh that he doesn’t think the globe is headed towards “a nicer period for humanity,” citing bubbling geopolitical issues […]

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Polymarket faces scrutiny over $7M Ukraine mineral deal bet

Tether’s USDT on TRON Network Surpasses Visa’s $42,000,000,000 Daily Average Volume: Lookonchain

June 23, 2024 The Daily Hodl

Tether’s USDT on TRON Network Surpasses Visa’s ,000,000,000 Daily Average Volume: Lookonchain

Altcoins

New data reveals the daily average volume of the stablecoin Tether (USDT) over the Tron (TRX) blockchain has surpassed that of credit card giant Visa. In a new post on the social media platform X, market intelligence firm Lookonchain notes that earlier this week, the 24-hour trading volume of Tether’s dollar-pegged digital asset over Tron […]

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Polymarket faces scrutiny over $7M Ukraine mineral deal bet

Tether launches gold-backed, US dollar stablecoin Alloy

June 17, 2024 Coin Telegraph

Alloy aUSDT

The new synthetic dollar is the first step in the rollout of a real-world asset tokenization platform, said Tether.

Tether is introducing a gold-backed stablecoin pegged to the U.S. dollar. It is the first tethered asset, the issuer declared. The new coin is called Alloy (aUSDT) and is mintable on the new Alloy by Tether platform.

According to the company, Alloy will be overcollateralized by Tether Gold (XAUt) — a token that provides ownership of physical gold — but pegged to the U.S. dollar. By definition, the new token is a synthetic dollar, which is designed to mimic the value and functionality of the U.S. dollar without being directly backed by it.

Alloy explained in an X post that tethered assets are “digital assets that aim to track the reference price of another asset through different stabilisation mechanisms.” Further, it said:

Polymarket faces scrutiny over $7M Ukraine mineral deal bet

Tether invests $150M in Jihan Wu’s crypto mining firm Bitdeer

May 31, 2024 Coin Telegraph

Tether invests 0M in Jihan Wu’s crypto mining firm Bitdeer

ASIC Mining

Following the investment, Tether expects close collaboration with Bitdeer across several key infrastructure areas, CEO Paolo Ardoino said.

Jihan Wu’s cryptocurrency mining firm Bitdeer is raising new capital from Tether, the operator of the world’s largest stablecoin, the eponymous Tether (USDT).

Tether has entered into a subscription agreement with Bitdeer to purchase up to $150 million worth of its shares in a private placement, according to an official announcement on May 31.

The private placement includes 18,587,360 Class A ordinary shares and a warrant to purchase up to 5,000,000 additional shares at $10.00 per share.

Polymarket faces scrutiny over $7M Ukraine mineral deal bet

Tether CEO Hints at Development of Global P2P Financial Markets Terminal

May 19, 2024 Bitcoin.com

bitcoin.com

Tether CEO Paolo Ardoino stated that the stablecoin company might put “significant resources” into developing a global peer-to-peer (P2P) financial markets terminal. Ardoino explained that decentralization in the payments area, where humanity is “getting rid” of the monopolistic intermediaries, could also improve the financial markets data industry. This would also allow exchanges to monetize their […]

Polymarket faces scrutiny over $7M Ukraine mineral deal bet

Tether CEO and Ripple CEO Clash Over USDT — Brad Garlinghouse Says ‘I Wasn’t Attacking Tether’

May 14, 2024 Bitcoin.com

bitcoin.com

Tether CEO Paolo Ardoino has responded to remarks made by Ripple CEO Brad Garlinghouse, branding him as an “uninformed CEO” and accusing him of fostering uncertainty about stablecoin USDT amid a U.S. Securities and Exchange Commission (SEC) investigation into his company. In reply, Garlinghouse clarified that his comments were not an attack on Tether but […]

Polymarket faces scrutiny over $7M Ukraine mineral deal bet

Tether scales crypto payments in Eastern Europe with new investment

May 8, 2024 Coin Telegraph

Coin Telegraph

The new investment aims to strengthen CityPay.io’s expansion into Eastern Europe, specifically into Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan.

Stablecoin giant Tether is increasing its bets on cryptocurrency adoption in Eastern Europe with additional investment in the Georgia-based crypto payment provider CityPay.io.

Tether officially announced on May 8 the injection of additional investment into CityPay.io, a payment platform allowing users to pay for services at places like Wendy’s and Radisson Hotels with cryptocurrencies like Bitcoin (BTC).

The investment is designed to further strengthen CityPay.io’s expansion into Eastern Europe, focusing primarily on Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan.

Polymarket faces scrutiny over $7M Ukraine mineral deal bet

Tether Partners With Chainalysis To Boost Compliance and Monitor Sanctioned Addresses

May 6, 2024 The Daily Hodl

Blockchain

Stablecoin issuer Tether is working with blockchain analysis firm Chainalysis to develop a solution for monitoring transactions involving entities beyond those that directly buy and sell USDT. In a statement, Tether says the customizable solution for monitoring secondary market activities will offer an enhanced understanding and oversight of the USDT market. The company says compliance […]

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Polymarket faces scrutiny over $7M Ukraine mineral deal bet

Paolo Ardoino Dismisses Rumors That Bitfinex Suffered Database Breach Last Month

May 6, 2024 The Daily Hodl

bitfinex

Bitfinex chief technology officer Paolo Ardoino is rejecting rumors that the crypto exchange was a victim of a database exploit last month. Ardoino, who also serves as Tether’s chief executive, says on the social media platform X that the database breach appears fake and that users’ funds are safe. According to Ardoino, the details of the […]

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Paolo Ardoino

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