NO BYLINE, THANKS Three major players in the crypto space are teaming up to prevent the improper use of USDT, the largest stablecoin by market cap. Tether says in a new press release that it is teaming up with TRON (TRX) and blockchain intelligence firm TRM Labs to found the first-ever private sector financial crime […]
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Tether (USDT), the leading stablecoin issuer, has invested more than $112 million into an agroindustrial company that started in Argentina. Documents filed with the U.S. Securities and Exchange Commission (SEC) last month indicate a Tether subsidiary holds 10,048,249 common shares in Adecoagro, a company with agricultural and energy production operations in Argentina, Brazil and Uruguay. […]
The post Stablecoin Issuer Tether Diversifies Investments, Sinks Nearly $115,000,000 in Agroindustrial Company appeared first on The Daily Hodl.
Russia is looking at crypto to mitigate the effect of sanctions and bolster its international payments ability, according to a new report from Chainalysis. Chainalysis says that Russia is positioning itself in an attempt to overtake the US as the global leader in crypto mining, passing a new bill allowing legal entities and registered entrepreneurs […]
The post Russia Setting Sights on Alternative Financial System Independent of US Dollar Using Crypto: Chainalysis appeared first on The Daily Hodl.
The CEO of Tether says that the stablecoin issuer’s synthetic aUSDT product is backed by gold rather than Bitcoin (BTC) because the precious metal is more stable in price than the crypto king. In a new interview with Bloomberg, Paolo Ardoino says the firm could have chosen Bitcoin to back aUSDT but BTC’s tendency to […]
The post Stablecoin aUSDT Backed by Gold As Precious Metal Much Less Volatile Than Bitcoin, Says Tether CEO Paolo Ardoino appeared first on The Daily Hodl.
Tether, the USDT stablecoin issuer, has acquired 9.8% of Adecoagro, a Latin American-based agricultural giant. In a move described by Argentine media as surprising, the company invested $100 million to diversify its investments in the agricultural and food sectors. Adecoagro, valued at over a billion dollars, has a direct presence in Argentina, Brazil, and Uruguay. […]
This is Tether’s first investment in the agriculture and food sector, after investments in artificial intelligence, Bitcoin mining operations, and digital education initiatives.
Tether, the issuer of the world’s largest stablecoin, has invested $100 million to acquire a 9.8% stake in Latin American agricultural giant Adecoagro. This is Tether’s first investment in the agriculture and food sector.
Previously, Tether had made strategic investments in emerging technologies, such as artificial intelligence and peer-to-peer platforms, Bitcoin (BTC) mining operations, and digital education initiatives, the company said in a filing.
Filing with the US Securities and Exchange Commission. Source: sec.gov
In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million. Modest $1.08B Growth in Stablecoin Market Since Aug. 23 Growth in the stablecoin economy has slowed, though it continues to expand, as highlighted by recent […]
Tether and Mahidol University International College (MUIC), a prestigious institution in Thailand known for its diverse and international academic programs, have signed a Memorandum of Understanding (MOU) to integrate stablecoin, blockchain, and peer-to-peer (P2P) technology into MUIC’s curriculum. This collaboration will feature workshops, guest lectures, and research projects aimed at enhancing finance education and fostering […]
A Washington resident has been charged with involvement in a $64 million cryptocurrency laundering scheme. He allegedly deceived investors, posing as an escrow agent, and transferred funds into his accounts. The funds were moved offshore or converted to cryptocurrencies such as bitcoin and ethereum via exchanges like Gemini, Bitstamp, Coinbase, and Binance. Investigators traced the […]
Paolo Ardoino, CEO of Tether, one of the largest companies in the cryptocurrency industry, has criticized the arrest of Telegram founder and CEO Pavel Durov. On social media, Ardoino stated this development was concerning for society as a whole and stressed that if it loses the battle, “dark ages will be our future.” Tether CEO […]