Tether reverses USDT freezing on 5 chains, allows transfers, but ends issuance
Tether has said that while USDT transfers on the five blockchains remain possible, no new USDT will be issued or redeemed. Tether is shifting its focus to Ethereum, Tron, and…
Celsius vs Tether lawsuit moves ahead in US court over $4 billion Bitcoin sale
Celsius claims Tether’s 2022 Bitcoin sale broke contract terms. Over 39,500 BTC were liquidated at $20,656 average price. Claims include breach of contract and fraudulent transfer. Celsius Network’s efforts to…
Tether plans new US dollar stablecoin as reserves near $120 billion amid Washington lobbying
Q1 2025 audit shows excess reserves down to $5.6 billion from $7 billion. Tether’s reserves are managed by Cantor Fitzgerald, raising scrutiny over potential conflicts. Competitor World Liberty Financial, backed…
Tether says XAUT stablecoin holds 7.7 tons of gold stored in Switzerland
Tether’s XAUT token has appreciated alongside the rising price of gold amid increasing global economic uncertainty. Tether noted that XAUT hit a record high price of $3,423 last week, driven…
Tether, government of Guinea partner to accelerate digital transformation
Tether said it had signed a Memorandum of Understanding with the Republic of Guinea. MoU is on blockchain adoption and digital transformation as Guinea looks to become a global leader…
Tether to relocate operations to El Salvador
Tether announces its service relocation plans after acquiring a Digital Asset Service Provider (DASP) license. USDT issuer Tether joins Bitfinex Derivatives in moving operations to El Salvador. Tether is on…
Lutnick’s Cantor wants to use Tether to support a $2 billion Bitcoin lending program
Funding for Cantor’s program will start at $2 billion, but could reach tens of billions of dollars Cantor has a 5% ownership interest in Tether, valued as much as $600…
Tether CEO: we’re not launching a blockchain as “neutrality is very important” to us
Paolo Ardoino said that it’s not launching a Tether chain at the moment because “neutrality is very important” Tether’s focus right now is partnering with businesses and communities rather than…
Tether increases its Bitcoin and gold holdings to $4.8B and $5B respectively
Tether (USDT) circulation surged to $120B, marking a 30% increase in 2024. Tether’s Bitcoin and gold holdings increased to $4.8B and $5B, respectively. Tether’s net equity doubled to $14.2B, while…
Tether and City of Lugano unveil Satoshi Nakamoto statue
Tether in collaboration with the City of Lugano, has unveiled a statue of Satoshi Nakamoto. Bitcoin (BTC) creator Satoshi Nakamoto remains a mystery despite recent HBO documentary. Tether and the…