Tagged: paolo ardoino

Tether Partners with Georgia to Introduce National Stablecoin GEL₮

Tether has joined forces with the Government of Georgia to introduce GEL₮, a stablecoin fully backed by and representing the Georgian Lari. This initiative positions Georgia as a key player in integrating national currency into blockchain-based systems through a dedicated regulatory environment. The collab reflects… Read More

Ark Labs Raises $5.2M Seed

Ark Labs has raised $5.2 million in a seed round to unlock Bitcoin capital using its flagship technology, Arkade. The round includes Tether, Ego Death Capital, Epoch VC, Lion26, Sats Ventures, and Contribution Capital, with participation from Anchorage Digital, Ralph Ho (former VP of finance at PayPal), and other digital asset and… Read More

Digital Assets Firm Tether to Hire More Staff as Part of Business Expansion Strategy

Tether, the issuer of the world’s largest stablecoin USDT in terms of market cap and overall adoption, is embarking on an ambitious growth trajectory. The company is channeling its substantial profits into enhancing its operational capabilities and forging new partnerships that could reshape global financial… Read More

Stablecoin Issuer Tether Continues to Diversify Operations with Focus on AI, Gold Investments

In a recent profile by Fortune, Tether, the issuer of the world’s dominant stablecoin USDT, emerges as a fast-growing global entity with around $187 billion in assets under management. The digital assets focused company is eyeing significant expansion into the US market, bolstered by partnerships… Read More

Tether Buys 12% of Gold.com For $150M

This week, Tether Investments announced a strategic investment in Gold.com, acquiring a minority ownership position and establishing a long-term collaboration to expand access to gold across digital and traditional distribution channels. As part of this investment, Tether has acquired approximately 12% of Gold.com in a… Read More

Amboss Launches RailsX DEX

Amboss Technologies, a developer in the Lightning Network ecosystem, has announced RailsX, the first Lightning-native peer-to-peer decentralized exchange (DEX), at the PlanB Forum in El Salvador. It empowers users with complete freedom to transact at scale in stablecoins and Bitcoin, leveraging censorship-resistant, Bitcoin-native technologies like… Read More

Tether CEO Says CBDCs Could Turn into Government Surveillance Tool, Infringing on Individual Privacy and Autonomy

Tether CEO Paolo Ardoino recently stated that central bank digital currencies (CBDCs) may potentially turn money into a tool of government surveillance. Tether is the issuer of the world’s most popular stablecoin by market cap, USDT. During the recent TOKEN2049 in Singapore, Ardoino noted that… Read More

Tether Relocates to El Salvador, a Country with a Favorable Regulatory Environment

Tether, the issuer of the largest stablecoin in the world – US dollar-based USDT, has relocated its business to El Salvador, a central American country that has embraced digital asset innovation. El Salvador has experienced a renewal in its prospects following the election of a… Read More

Paolo Ardoino Comments on Bitcoin’s Rapid Rise in Price

Following the results of the US Presidential election, Bitcoin bulls have taken charge as the value of the world’s most popular crypto has rocketed higher—today, it is trading at around $90,000 after topping out at over $93,000 yesterday (11.13.24)—a new all-time record. CI received a… Read More

Tether Touts SOC Audit

Tether, the largest issuer of stablecoins, has posted on its blog that it has passed a SOC 2 Type 1 audit. Tether CEO Paolo Ardoino said the compliance measure “assures our customers that their assets and data are managed in an environment meeting the highest… Read More

Tether Says it Helped the Feds Regarding Tech Scam

Tether, the largest stablecoin issuer in the world (USDT), says it helped Uncle Sam battle an alleged tech scam. Tether says that it assisted the Feds in seizing $1.4 million in stolen funds from a fraud. The company said this highlights its commitment to fighting… Read More

Tether and Republic of Uzbekistan to Develop Blockchain and P2P Telecom Infrastructure

Tether, which claims to be among the largest companies in the cryptocurrency industry, announced the signing of a Memorandum of Understanding (MOU) with the National Agency of Perspective Projects (NAPP), responsible for crypto regulation and development in the Republic of Uzbekistan. This strategic collaboration aims… Read More

Stablecoin Issuer Tether Announces Investment in Oobit, a Mobile Payment App

Tether, which claims to be the largest company in the cryptocurrency industry, has announced its investment in Oobit, a mobile payment application. The Series A investment round has concluded “with $25 million raised for Oobit’s ongoing development, supporting its goal of mainstream cryptocurrency adoption.” This… Read More

Tether Attestation: Reports $2.85B in Profit, Sets “Records” in Reserves of Cash, Cash Equivalent Backing Token in Circulation

Tether Holdings Limited (BVI) released its assurance opinion for the fourth quarter of 2023, conducted by BDO, an independent auditing firm. This attestation reportedly reaffirms “the accuracy of Tether’s Consolidated Reserves Report (CRR) and provides a detailed breakdown of the assets held by the Group… Read More

Insiders Comment on the SEC’s Approval of Bitcoin ETFs

As was reported earlier today, after an extended deliberation, the Securities and Exchange Commission (SEC) has approved eleven Bitcoin ETFs. CI has received multiple comments on the approval which is a seminal event for the crypto industry. Rajeev Bamra, SVP of Digital Finance at Moody’s… Read More

Stablecoin Issuer Tether Invests in Academy of Digital Industries, a Georgia-based Education Platform

Following recent initiatives to promote blockchain innovation in Georgia, Tether announced that it has invested an undisclosed amount into the Series-A investment round of Academy of Digital Industries, a Georgia-based progressive education platform “offering an extensive range of digital training and masterclasses.” This collaboration marks… Read More

Tether has Made Public its Letters to Members of U.S. Senate Committee on Banking, Housing, and Urban Affairs, and U.S. House Financial Services Committee

Tether, which claims to be the largest company in the cryptocurrency industry, has made public its recent letters to the members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Financial Services Committee. Last October, a letter authored by… Read More

Tether Announces Initiative to Support Stablecoin Education in Thailand

Tether, which claims to be the leader in innovative blockchain technology, has announced recently a “significant” collaboration with Bitkub Online Co., Ltd. (Bitkub Exchange), Thailand’s cryptocurrency exchange (reportedly one of the most active in terms of crypto trading volume). This collaboration aims to launch “a… Read More

Tether Says it Supports El Salvador in its Visa Program

Tether, the largest dollar-referenced stablecoin issuer by market cap, says it is working with El Salvador on its “Adopting El Salvador Freedom Visa Program.” The Visa program aims to attract individuals who will help boost the economy of the Central American country. The program is… Read More

Tether Assists US DOJ, Secret Service in Criminal Investigations, Victim Recovery

Tether, which claims to be one of the largest companies in the cryptocurrency industry, says that it continues its unwavering commitment “to combat illicit activities and provide support to victims through its assistance to, and support of, law enforcement agencies.” As the U.S. Department of… Read More

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