USDT Issuer Tether Backs Multichain Crypto Wallet Zengo To Boost Stablecoin Adoption

February 11, 2025 The Daily Hodl

Daily Hodl

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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Tether CEO Paolo Ardoino Says Quantum Computing Will Allow Hackers To Take Bitcoin From Lost Wallets

February 10, 2025 The Daily Hodl

Bitcoin

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 Says Firm Working on Several AI Products, Including Bitcoin Wallet Assistant

February 6, 2025 The Daily Hodl

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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Stablecoin Issuer Tether Posts $7,087,270,541 in Excess Reserves at End of 2024

February 2, 2025 The Daily Hodl

Stablecoin Issuer Tether Posts ,087,270,541 in Excess Reserves at End of 2024

Bitcoin

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: Exchange Will Delist USDT if Authorities Demand It

January 22, 2025 Bitcoin.com

bitcoin.com

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, […]

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Tether Confirms Skyscraper Construction in El Salvador

January 18, 2025 Bitcoin.com

bitcoin.com

Paolo Ardoino, CEO of Tether, the issuer of USDT and one of the larger companies in the crypto space, has confirmed plans to physically relocate part of its operations to El Salvador besides moving its headquarters to the country. President Nayib Bukele revealed that the company will build a skyscraper, the Tether Tower, in an […]

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Tether Introduces USDT0 to Enhance Blockchain Interoperability

January 17, 2025 Bitcoin.com

bitcoin.com

Tether has unveiled USDT0, a refined iteration of its stablecoin, crafted to foster greater interoperability and enable effortless transactions across multiple blockchain ecosystems. USDT0 Aims to Streamline Transfers Across Blockchain Networks The stablecoin company, which issues USDT, the largest fiat-pegged by market capitalization, announced that USDT0 aims to expand its capabilities to new blockchain environments. […]

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Report: Tether Sues Swan Bitcoin Amid Claims of Secret Meetings and Broken Agreements

January 15, 2025 Bitcoin.com

bitcoin.com

A report reveals that Tether, the world’s leading stablecoin issuer, has reportedly initiated legal action against the bitcoin-focused firm Swan Bitcoin. Proceedings are said to have been filed in the High Court of England and Wales, marking the latest development in this unfolding dispute. Report Says Tether Has Filed a Lawsuit Against Swan Bitcoin in […]

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Circle’s USDC beats Tether USDT in market cap surge during 2024

January 14, 2025 Coin Telegraph

Circle

USDC’s massive growth in 2024 marked the stablecoin’s steady recovery following a 45% market cap drop associated with the Silicon Valley Bank collapse in 2023.

Circle’s USD Coin stablecoin outpaced all other stablecoins in terms of market capitalization growth in 2024, after a decline in 2023.

The circulation of USD Coin (USDC) grew 78% year-over-year, outpacing the growth rate of all global stablecoins, Circle said in its third annual State of the USDC Economy Report released on Jan. 14.

“The growth of USDC in 2024 can be attributed to a combination of factors: the maturing regulatory clarity across major markets, the scalability of blockchain infrastructure, and our relentless focus on trust, transparency and utility,” a spokesperson for Circle told Cointelegraph.

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Tether will relocate HQ to El Salvador after securing license

January 13, 2025 Coin Telegraph

Coin Telegraph

Tether is moving its operations from the British Virgin Islands to El Salvador after being granted a digital asset service provider license.

Stablecoin issuer Tether announced that it would move the company and its subsidiaries to El Salvador after it had secured an operating license in the Latin American nation.

In a Jan. 13 notice, Tether said it had acquired a license to operate in El Salvador as a digital asset service provider and stablecoin issuer. The company said it planned to relocate its headquarters and subsidiaries to El Salvador due to its “forward-thinking policies, favorable regulatory environment, and [...] growing Bitcoin-savvy community.”

“This decision is a natural progression for Tether as it allows us to build a new home, foster collaboration, and strengthen our focus on emerging markets,” said Tether CEO Paolo Ardoino, adding:

Tether

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