Tagged: tether

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

Tether, Bitfinex No Longer Oppose New York Freedom of Information Law (FOIL)

Tether and Bitfinex say they no longer oppose the  New York Freedom of Information Law (FOIL). The announcement was made this morning as Tether/Bitfinex say the move is to highlight their support of transparency in the digital asset sector. Tether is the top dollar-based stablecoin… Read More

Following Investigations by Tether, OKX, US DoJ, $225M in “Stolen” USDT Now Frozen, Funds “Linked” to Crime Syndicate

Tether, the largest company in the cryptocurrency ecosystem, and leading global crypto exchange and Web3 technology company OKX, announced that they have assisted the United States Department of Justice (DOJ) in an investigation that “led to Tether proactively and voluntarily freezing approximately 225 million in… Read More

Crypto Proponent Senator Cynthia Lummis Sends Letter to DOJ Telling them to Consider Charges Against Binance, Tether Regarding AML/CFT Activity

Senator Cynthia Lummis, along with Representative French Hill, have sent a letter to the US Department of Justice asking them to make a determination regarding the ongoing investigation into Binance, the largest crypto exchange in the world, along with the world’s largest stablecoin issuer Tether…. Read More

Tether Freezes 32 Crypto Addresses Reportedly Linked to Terrorism, Warfare in Israel, Ukraine

Tether, the largest stablecoin company in the world, reaffirmed its commitment to working closely with law enforcement agencies across the globe to combat cryptocurrency-funded terrorism and warfare. To date, Tether has “aided 31 agencies worldwide with investigations across 19 jurisdictions, freezing a total of $835… Read More

Longtime CTO and Tether Spokesperson Paolo Ardoino Steps Into CEO Role

Leading stablecoin issuer Tether will soon have a new Chief Executive Officer. Announced today, Paolo Ardoino will replace Jean-Louis van der Velde (JL) as CEO. Ardoino will take over beginning this December. van der Velde will remain CEO of the crypto exchange Bitfinex – a… Read More

Top Stablecoin Tether is Nine Years Old

Tether, the leading stablecoin with a market cap of over $83 billion, is nine years old. A note from the firm reminds us that on October 6th, 2014, the dollar-based stablecoin ($USDT) launched on the Omni blockchain. Today, Tether’s nearest competitor is a third of… Read More

Tether Invests in Northern Data Group, Set to Become Established AI Provider in Europe

Tether, the company behind the leading stablecoin USDT, is pleased to announce its strategic investment into Northern Data Group through Damoon, a Tether group company. With an $83 billion market capitalization, Tether is expanding its reach “beyond fintech, following recent investments in energy production, bitcoin… Read More

Tether Testing Bitcoin Mining – Moria

Tether CTO Paolo Ardoino says they are currently testing Bitcoin mining. Revealed in a Tweet, the Bitcoin Mining Platform Moria, is said to “facilitate seamless communication among components within the BTC mining ecosystem, enabling interactions through efficient, secure, and resilient methods that are resistant to… Read More

Stablecoins Now Serve A Key Role in DeFi Protocols, Acting as a Reliable Medium of Exchange Between Crypto Tokens – Report

Stablecoins are digital currencies which are pegged to major (and relatively stable) fiat currencies like the US dollar, Euro, the British pound (among others). Recently, the team at S&P Global provided a deep dive report into valuation and depegging of stablecoins. As explained in the… Read More

Bitfinex and Tether CTO Paolo Ardoino to Testify in Alleged Crypto Market Manipulation Lawsuit

Bitfinex and Tether Chief Technical Officer Paolo Ardoino will be deposed as part of a class-action lawsuit against both firms and their related executives. This past Monday, a New York judge reportedly made the decision to deny Ardoino’s request to further delay his deposition until… Read More

Bybit’s Revamped Launchpad Gives Priority Access to New Crypto Projects

Bybit, a marketplace that claims to be “the world’s third most visited crypto exchange” (currently, Kraken is #3 with Bybit in 5th), has announced a revamped version of its launchpad, offering early investors the opportunity to purchase new projects at favorable prices. The Bybit Launchpad… Read More

Is PYUSD a Flop So Far? Nansen Says Few People Using PayPal’s Dollar Based Stablecoin

Earlier this month, PayPal (NASDAQ:PYPL), a top publicly traded Fintech, announced the launch of a dollar-based stablecoin PayPal USD or PYUSD. The stablecoin is being issued in partnership with Paxos, a top, regulated digital asset firm. Stablecoins are one of the most promising sectors of crypto…. Read More

Fintech Bitwage Introduces Tether USDT on TRON, Aiming for Cost-Effective Crypto Payroll

Bitwage is pleased to announce the integration of Tether USDT via TRON network, marking another significant milestone in their journey “to deliver seamless cross-border and multi-currency services.” This addition to their stablecoin options “reaffirms their commitment to offering enhanced liquidity, efficiency, and convenience to our… Read More

Tether Reports Legal Win in Challenge to USDT’s Reserves

Tether, the issuer of the world’s most popular stablecoin – USDT, has posted that it has won a legal victory in the US District Court for the Southern District of New York. The case stems from a complaint filed all the way back in 2021…. Read More

Tether Claims Excess Reserves Topping $3.3 Billion

Tether has issued a report that claims over $3.3 billion in excess reserves after an increase of $850 million at the end of Q2 2023. Tether states that the assurance opinion was completed by BDO, which re-affirms Tether’s Consolidated Reserves Report (CRR), which breaks down… Read More

Euro Tether and Tether Gold to Trade on XT.com

Tether says its Euro based stablecoin Euro Tether (EUR₮) and Tether Gold (XAU₮) will soon trade on XT.com. XT.COM Exchange is described as a “social-infused cryptocurrency exchange.” XT.COM reports over 6 million registered users, including more than 500,000 monthly active users. Over 800 different cryptocurrencies… Read More

BTC Adoption in LatAm: Stablecoin Issuer Tether Participates in $1B Investment to Build Bitcoin Mining Farm in El Salvador

Tether, the company operating the fintech platform tether.to that powers the first and most “widely used” stablecoin in the world, announced it “has participated in the first round of a new billion dollar renewable energy initiative in El Salvador.” Following on its mission to invest… Read More

Stablecoins: Tether USD₮ Reaches All-Time High, Surpasses Previous Market Cap High of $83.2B

Tether, the company operating the blockchain-enabled platform tether.to that powers the first and most “widely used” stablecoin, has reportedly “surpassed its previous all-time market cap high of $83.2B set in May 2022.” Paolo Ardoino, CTO of Tether, stated: “Today’s numbers demonstrate that people want access… Read More

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