Tether announced a partnership with the United Nations Office on Drugs and Crime to fund cybersecurity bootcamps in Senegal, trafficking victim assistance across six African nations, and blockchain education in Papua New Guinea, shifting from an enforcement model that froze $3.3 billion across 7,268 addresses to development-focused initiatives…
UN Taps Tether to Battle Crypto Scams and Human Trafficking Read More »
Tether, the firm behind the stablecoin USDT, met with officials from the South Korean financial heavyweight Shinhan Bank on September 8. The post Tether Execs Hold Stablecoin Meetings With Top S Korean Commercial Banks appeared first on Cryptonews…
Tether Execs Hold Stablecoin Meetings With Top S Korean Commercial Banks Read More »
Prominent stablecoin issuer, Tether, has announced plans to launch USDT on RGB, a next-generation protocol for issuing digital assets directly on Bitcoin. RGB, which recently went live on mainnet with its 0.11.1 release, is designed to extend Bitcoin’s capabilities beyond being a store of value by enabling private, scalable, and user-controlled asset issuance. Through this
Tether Brings USDT to Bitcoin’s Ecosystem Through RGB Read More »
In an attempt to double down on platforms that better serve its user base, the largest stablecoin issuer, Tether, has decided to wind down support for its flagship product, USDT, on five blockchains. According to a blog post by the company, the blockchains to be affected include Omni Layer, Bitcoin Cash Simple Ledger Protocol (SLP),
Tether to End USDT Support on These 5 Blockchains Read More »
Tether co-founder Reeve Collins is launching a decentralized stablecoin that will compete with USDT in an increasingly crowded space that is still dominated by two players. The project will debut a stablecoin called USP on Ethereum and Solana blockchains in the second half of 2025, according to Bloomberg. Pi will use smart contracts to mint
Tether Co-Founder to Launch Yeild Bearing Stablecoin USP Read More »
USDT issuer Tether has made a move into the agriculture sector with a $100 million investment in Adecoagro, a South American agricultural firm. This marks its first venture into the agriculture and food industry, expanding its investment portfolio beyond its previous focus areas of technology and digital assets. Tether Acquires 9.8% Stake in Adecoagro In
Tether Ventures into Agriculture with $100M Investment in South America’s Adecoagro Read More »
Stablecoin issuer Tether intends to double its workforce within the next year to strengthen areas such as compliance. By mid-2025, the company behind the USDT stablecoin anticipates expanding its headcount to approximately 200 employees, according to Chief Executive Officer Paolo Ardoino. Tether also plans to increase staffing in its finance department, which oversees the $118
USDT Issuer Tether to Expand Workforce to 200 Employees by Mid-2025 Read More »
Even with several high-profile collapses and de-pegging events in recent years, stablecoins have continued to capture market share from fiat, reflecting strong demand increasingly. Although the stablecoin market is still highly concentrated, with Tether’s USDT at the forefront, its dominance has been eroding over the last two years. In fact, Kaiko’s latest data shows a
Tether (USDT) Loses Ground on Centralized Exchanges, Down to 74% Market Share Read More »
Tether, the company behind USDT, the largest stablecoin by market capitalization, has announced plans to double down on its artificial intelligence (AI) focus and recruit relevant talent to that effect. According to an official release, the stablecoin provider said the move highlights its dedication to advancing AI efficiency and accessibility in the technology sector. Tether
Tether Doubles Down on AI Plans, Looks to Hire Relevant Employees Read More »
Stablecoin issuer Tether experienced a “record-breaking” net profit surge, amounting to $2.85 billion in the fourth quarter of 2023. Around $1 billion of this profit stemmed from net operating gains, largely derived from interests in the US Treasury, with the remainder mainly coming from the appreciation of gold and Bitcoin reserves. Notably, there was a
Tether Smashes Profit Records: $2.85 Billion Surge in Q4 2023 Read More »
