News with the tag "Tether USD"

Tether, the issuer behind the world’s largest stablecoin USDT, is reportedly working with a Big Four accounting firm to conduct an audit of its reserves and confirm that each token is backed 1:1 with assets. The move comes amid growing industry pressure for transparency, especially in light of past ...

Thailand’s Securities and Exchange Commission (SEC) has given the nod to Tether’s USDT to operate in the country. The move will see USDT granted legal approval in the Southeast Asian country as it seeks global regulatory compliance. USDT Approved As Cryptocurrency In Thailand Thailand’s securities w...

While the cryptoverse is still reeling from the $1.5 billion Bybit hack, its peers have launched a concerted effort to recover looted funds. A Bybit statement confirms that the coordinated effort led to the freezing of nearly $43 million barely two days after the jarring security breach. Exchanges T...

In an astounding development, Tether is planning to invest in the South African energy company Adecoagro S.A. The company reportedly received a preliminary bid from Tether Investments to purchase a significant stake. Tether’s latest move aligns with its global investment expansion strategy, closely ...

Tether Investments has announced a strategic investment in the Italian football club Juventus. This comes amid JP Morgan’s statement that the USDT issuer might need to sell its Bitcoin holdings to comply with US stablecoin regulations. Tether Announces Strategic Investment In Juventus In a blog post...

At the Plan ₿ Forum in El Salvador, stablecoin firm Tether announced its plans to integrate USDT into the Bitcoin Base Layer as well as the Layer 2 Lightning Network. Market analysts are hopeful that this would significantly expand Bitcoin ecosystem, increase BTC Layer 2 adoption, and expand stablec...

USDC issuer Circle has been minting a large number of its native stablecoin closing the gap with Tether’s USDT. Just over the past week, the stablecoin firm has minted more than 5 billion USDC on the Solana network, amid high demand following the launch of TRUMP meme coin. This shows that Circle is ...

Renowned economist and Bitcoin critic Peter Schiff has come for the USDT issuer Tether. He accused the crypto firm of manipulation following its recent 7,629 BTC purchase. Peter Schiff Accuses Tether Of Manipulation In reaction to Tether’s recent Bitcoin purchase, Peter Schiff accused the USDT issue...

At a time when Donald Trump promised to make America the crypto head, Europe followed a different path with the Tether Ban. Tether (USDT) is the biggest stablecoin, and it is considered ideal for crypto transactions due to its value being pegged to the dollar. However, the same stablecoin could poss...

Tether, the issuer of the largest stablecoin by market capitalization, has made a $775 million investment in Rumble, a video-sharing platform known for championing free speech and offering an alternative to YouTube. “Tether deeply believes in the fundamental values of freedom of speech and financial...