Tether, the largest stablecoin issuer in the world, has been spotted sending $800 million worth of its USDT to Binance, the biggest crypto exchange by volume. According to data from blockchain “de-anonymizing” firm Arkham, Tether sent two batches of 400 million USDT to Binance early on Wednesday. While the implications of the transfer are broad […]
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The former CEO of stablecoin firm behemoth Tether is throwing his support behind a new USDT rival, according to Bloomberg. Tether co-founder Reeve Collins is now the chairman and co-founder of Pi Protocol, the maker of a new USDT competitor, USP, Bloomberg reports. The Pi stablecoin is scheduled to roll out on the Solana (SOL) […]
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The chief executive of USDT stablecoin issuer Tether is reportedly working with US authorities to construct laws around dollar-pegged crypto assets. In a new post on the social media platform X, Fox Business journalist Eleanor Terrett reports that Paolo Ardoino and Tether are “actively engaging” with the US government on how to best form laws […]
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Top stablecoin firm Tether is joining forces with one of the winningest football clubs in the world. According to a new announcement from Tether, the crypto firm has purchased a minority stake in the Torin, Italy-based football club Juventus. Says Tether CEO Paolo Ardoino of the new partnership, “Aligned with our strategic investment in Juventus, […]
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A stablecoin firm backed by veteran investor Peter Thiel is raking in tens of millions of dollars worth of funds during a recent fundraising event. In a new thread on the social media platform X, Plasma – a company designing a Bitcoin (BTC)-based blockchain specifically tailored for stablecoins – says it has raised $24 million […]
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The firm behind the biggest US dollar-pegged stablecoin by market cap is throwing its considerable weight behind a new multichain custody wallet. According to a new announcement from USDT-issuer Tether, the stablecoin behemoth is investing in the self-custodial crypto wallet Zengo. Says Tether CEO Paolo Ardoino of the investment, “Tether is committed to delivering reliable […]
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The chief executive of stablecoin issuer Tether (USDT) says that quantum computing will allow hackers to steal Bitcoin (BTC) from lost wallets. In a new thread on the social media platform X, Tether CEO Paolo Ardoino predicts that while active crypto users may move their funds to quantum-resistant wallets, those who have abandoned or lost […]
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Tether CEO Paolo Ardoino just unveiled some of the artificial intelligence (AI) products that the stablecoin company is currently working on. In a statement on social media platform X, Ardoino says that Tether Data, the USDT issuer’s new initiative focused on AI and peer-to-peer (P2P) technologies, is building new applications, which include AI translate, AI […]
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An independent audit reveals that stablecoin issuer Tether (USDT) had billions of dollars of excess reserves at the end of last year. According to a recent audit by accounting firm BDO Global, Tether has $143.7 billion worth of reserves and about $136.613 billion worth of liabilities, bringing it to a surplus of about $7 billion. […]
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Coinbase CEO recently stated that his exchange would delist Tether’s USDT if authorities demand it or if Tether fails to comply with new US laws. New Stablecoin Regulations on Horizon Coinbase Global CEO Brian Armstrong has said his cryptocurrency exchange would have no choice but to delist the stablecoin issued by Tether, known as USDT, […]