Tether, the world’s largest stablecoin issuer, has deepened its foray into mainstream sports by acquiring a minority stake in Juventus Football Club. This move marks a significant step in Tether’s broader strategy to merge digital asset technology with established industries, particularly in the realm of professional sports. Paolo Ardoino, CEO ...
In a striking display of financial heft and stability, Tether has overtaken Germany in U.S. Treasury bill holdings, underscoring its dominant position in the digital asset ecosystem and its conservative approach to reserve management. According to the U.S. Department of the Treasury data and Tether’s Q1 2025 attestation report, the ...
Stablecoin issuer Tether has deepened its bet on Bitcoin, purchasing $458.7 million worth of the cryptocurrency on behalf of Bitcoin investment firm Twenty One Capital, which is currently navigating a SPAC merger with Cantor Equity Partners. According to a May 13 filing with the U.S. Securities and Exchange Commission (SEC), ...
Tether Gold (XAUt), the gold-backed stablecoin issued by Tether, has officially launched in Thailand with its listing on the local cryptocurrency exchange Maxbit. This development was announced on May 13, marking a significant step for tokenized gold assets in the Thai market. Maxbit, a licensed digital asset exchange launched in ...
Tether has announced the native launch of its USD₮ stablecoin on the Kaia blockchain, marking a significant milestone for Web3 and stablecoin adoption across Asia. The move is a joint effort with LINE NEXT, the Web3 subsidiary of LINE, and Kaia, a high-performance public Layer 1 blockchain that powers Mini ...
The competition between Ethereum and Tron for dominance in the stablecoin market is intensifying again. According to Arkham Intelligence, Tether, the world's largest stablecoin issuer, minted an additional $1 billion USDT on the Tron network on May 5. This recent issuance has increased Tron's total USDT circulation to $71.4 billion, ...
In a fresh demonstration of dominance in the stablecoin market, Tether released its financials for Q1 2025, revealing a massive $1 billion operating profit and nearly $120 billion in exposure to U.S. Treasurys. According to the latest attestation, Tether holds $98.5 billion in U.S. Treasury bills, with an additional $23 ...
Cantor Fitzgerald is teaming up with major players in the crypto space—Tether, Bitfinex, and SoftBank—to launch a $3 billion Bitcoin investment vehicle. According to the Financial Times, the partnership plans to create a publicly traded entity called 21 Capital, which will receive $3 billion in Bitcoin from the participating firms. ...
In response to recent sanctions and wallet freezes linked to the crypto exchange Garantex, Russian finance officials are considering the development of a national stablecoin to safeguard the country’s financial infrastructure from foreign interference. According to reports on by Reuters and Russian state news outlet TASS, Osman Kabaloev, deputy director ...
Tether CEO Paolo Ardoino revealed that the company might explore launching a U.S.-specific stablecoin, contingent upon new regulations that could foster greater competition in the market. In an interview with the Financial Times, Ardoino shared that Tether is deeply involved in discussions regarding U.S. stablecoin regulations. He emphasized that the ...
