Tether – Coin HD

Tether Ventures into Agriculture with $100M Investment in South America’s Adecoagro

Leave a Comment / Tether, Ventures / Nisha

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 […]

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USDT Issuer Tether to Expand Workforce to 200 Employees by Mid-2025

Leave a Comment / Issuer, Tether / Avery Clarkson

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

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Tether (USDT) Loses Ground on Centralized Exchanges, Down to 74% Market Share

Leave a Comment / Loses, Tether / azlan90

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

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Tether Doubles Down on AI Plans, Looks to Hire Relevant Employees

Leave a Comment / Doubles, Tether / Admin

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

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Tether Smashes Profit Records: $2.85 Billion Surge in Q4 2023

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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

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Tether Achieves Record $6.2 Billion Annual Profit, Nears $100 Billion In Assets

Leave a Comment / Billion, Tether / Admin

Last updated: February 1, 2024 01:52 EST | 2 min read Source: Adobe / JimIn 2023, Tether saw its assets approach the $100 billion mark, following a $6.2 billion profit according to the company’s Q4 attestation report released on January 31. The financial surge, detailed in Tether’s latest financial statements, reflects a strategic allocation of

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Tether Disappointed Over UN Report Alleging USDT’s Involvement in Illicit Activities

Leave a Comment / Disappointed, Tether / Nisha

Tether has faced intense scrutiny despite being a major player in the crypto industry. The most recent criticism comes from a United Nations (UN) report accusing USDT’s involvement in illicit activities. The stablecoin issuer expressed disappointment with the UN’s assessment and emphasized that the report unfairly focuses on USDT’s alleged connection to illicit activities while

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Tether Eating All Other Stablecoins as Total Assets Approaches $100B

Leave a Comment / Eating, Tether / Admin

Tether’s total assets are not far away from $100 billion following a monumental rise over the past six years. The current figure for the firm’s total assets is $95.2 billion, according to its transparency report. Of that amount, $92 billion is in the dollar-pegged stablecoin, USDT. Tether Keeps Growing On Jan. 3, Tether and VanEck

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Tether Releases Letters Sent to US Senate Committee: Details

Leave a Comment / Releases, Tether / azlan90

Tether, the company behind the largest stablecoin, has released the two letters it had sent to the US Senate Committee on Banking, Housing, and Urban Affairs and House Financial Services Committee. The letters are specifically addressed to pro-Bitcoin Senator Cynthia Lummis and Rep. French Hill. The main goal of Tether’s letters is to address issues

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Is Tether Becoming America’s Defacto CBDC? Crypto Experts Weigh In

Leave a Comment / Becoming, Tether / azlan90

Crypto industry experts have been discussing Tether and its potential to become the dollar-pegged defacto central bank digital currency of the world. The comments come in response to Cantor Fitzgerald CEO Howard Lutnick, who told CNBC earlier this week: “I’m a big fan of this stablecoin called Tether…I hold their treasuries. So I keep their

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