News with the tag "Ether news"

The Ethereum Foundation has announced a revamped leadership structure aimed at streamlining its strategic execution and reinforcing its core principles. The move, outlined in an April 28 blog post , divides responsibilities between a newly empowered management team and a visionary board of directors...

Tether’s CEO Paolo Ardoino shared a post on X yesterday that Tether was the seventh-largest buyer of US Treasuries in 2024. The company accumulated $33.1B worth of US Treasury securities last year, outranking countries like Canada, Mexico, and Germany. Since 2023, Tether, the issuer of the world’s l...

Stablecoin operator Tether has revealed that it has frozen $27 million in USDT on the sanctioned Russian crypto exchange, Garantex. The cryptocurrency exchange has also suspended all its trading and withdrawal services. The U.S., through the U.S. Department of the Treasury’s Office of Foreign Assets...

TRON-based USDT is changing its profile, with recent inflows to centralized exchanges. Despite its high supply, this version of USDT was mostly used within the TRON ecosystem and for P2P payments. The TRC-20 version of TRON is flowing into exchanges, in a shift of its trading profile. The token’s su...

Chatter on social media suggests a new stablecoin law proposal that could bar offshore stablecoin issuers like Tether from holding US Treasuries. The proposal has been likened to a bill pushed by beleaguered exchange FTX and its then CEO, Sam-Bankman Fried, in 2022, who tried to shape regulations to...

Tether CEO Paolo Ardoino has expressed concerns about competitors targeting its stablecoin business with regulations. In a post on X, he claimed that other stablecoin issuers are trying to use lawfare to kill the USDT issuer instead of building a better product. According to Ardoino , USDT has been ...

Stablecoin inflows to exchanges are returning, signaling a shift in sentiment. CryptoQuant data shows that $450M in USDT flowed into centralized exchanges, the highest level since February 3. Liquidity is flowing back to exchanges, with $450M deposited in the past 24 hours. The inflows are the highe...

Tether has entered into a Memorandum of Understanding (MoU) with the Republic of Guinea to explore the potential of Blockchain and P2P technologies. In a blog post on February 17, the crypto stablecoin issuer announced that it has entered into an agreement to begin the process of laying the groundwo...

Tether has just bought into one of Europe’s most famous soccer clubs. The company behind USDT, the world’s biggest stablecoin company, announced on Friday that it has acquired a minority stake in Juventus SpA. However, the exact size and value of the deal were not disclosed in Tether’s announcement....

Plasma just locked in $24 million to launch a blockchain built specifically for Tether. The new network, set to go live in the second quarter of 2025, promises zero-fee transactions and a streamlined system designed solely for stablecoins. The funding round was led by Framework Ventures, with suppor...