Ripple to issue USD-pegged stablecoin challenging Tether and USDC market dominance
Ripple enters the stablecoin market with a USD-pegged token. Backed by USD deposits, treasuries, and audits, Ripple’s stablecoin targets institutional adoption. The new stablecoin will initially be issued on Ethereum…
Tether now the seventh-largest Bitcoin (BTC) holder
Tether recently committed 15% of its net profit to Bitcoin investments. On March 31, 2024, Tether acquired an additional 8,888 BTC at $30,305 each bringing unrealized profit to $2.94B. Tether…
Tether integrates native USDT on Celo mainnet
Tether has added native USDT on Celo blockchain. Celo ecosystem partners across P2P payments, lending, and remittances will leverage the stablecoin in their operations. Tether’s USDT is now live on…
Tether Introduces Game-Changing Innovation; Uniswap’s Memecoin Listing Attracts Bitcoin Whales
Tether, the major issuer of the stablecoin USDT, has announced the launch of a game-changing innovation to revolutionize how users transfer USDT across different blockchain networks. This new migration tool…
Tether leads $25M round for crypto payments firm Oobit
Tether led the $25 million Series A round for crypto payments firm Oobit. Solana co-founder Anatoly Yakovenko also backed the platform’s investment round. Oobit, a mobile payments firm that allows…
Tether challenges UN report on USDT’s use in illicit activity
Tether says the UN report and analysis ignored the fact that USDT is traceable on the blockchain. CEO Paolo Ardoino says the stablecoin issuer will continue to collaborate with law…
Tether invests in Georgia education platform Academy of Digital Industries
Tether has announced it invested in the Series A round of the Academy of Digital Industries, an educational platform in Georgia. The ongoing financial investment will help support the “real…
Tether attestation shows cash & cash equivalents rose to 85.7%
Tether, the issuer of the USDT stablecoin, has released its Q3, 2023 attestation report. It shows the company’s cash and cash equivalents increased to 85.7% of reserves, with $72.6 billion…
US Senator asks DOJ to consider criminal charges against Binance and Tether
US Senator Cynthia Lummis asks the Department of Justice (DOJ) to criminally charge crypto exchange Binance and USDT issuer Tether. Lummis cites the two companies’ role in aiding illicit fundraising…
Tether plans to start publishing real-time reserve reports in 2024
Tether is planning to introduce real-time reserve data reporting by 2024. Tether currently updates its reserve data daily and issues monthly and quarterly reports, According to its Q2 attestation Tether…