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 ...
Rumble, the Canada-based video-sharing platform, is gearing up to introduce its digital wallet to enhance creator monetization with support from stablecoin giant Tether. CEO Chris Pavlovski announced the initiative in an X post revealing that the "Rumble Wallet" will serve as a new monetization tool designed to provide better revenue ...
Tether CEO Paolo Ardoino has pushed back against criticism of the company’s influence on the U.S. financial system, arguing that its massive holdings in U.S. Treasuries contribute to economic stability. Speaking at a Bitcoin Policy Institute event on March 11, Ardoino highlighted Tether’s $115 billion investment in U.S. debt, claiming ...
Garantex, Russia’s largest sanctioned cryptocurrency exchange, has temporarily shut down all services following a major freeze on its assets by Tether. The stablecoin issuer blocked over 2.5 billion rubles ($27 million) worth of USDT, sparking immediate disruption for the exchange and its users. In a statement on Telegram on March ...
Dubai-based fintech firm MANSA has closed a $10 million funding round, marking a significant milestone in its global mission to solve liquidity challenges for payment providers. According to a blog post on February 20, The investment, led by Tether and co-led by Polymorphic Capital, saw participation from Octerra Capital, Faculty ...
Tether CEO Paolo Ardoino recently released three brief videos highlighting the company's upcoming AI applications for both desktop and mobile. These innovations include an AI-powered translator, a voice assistant, and a Bitcoin wallet assistant, reflecting Tether's expanding focus on AI-driven solutions. Among these innovations, the AI Bitcoin wallet assistant stands ...
USDT is now live on Bitcoin’s base layer and Lightning Network, marking a major milestone for stablecoin integration within the Bitcoin ecosystem. Tether announced this development on January 30 at the Plan B conference in El Salvador, where CEO Paolo Ardoino framed the initiative as a leap toward real-world financial ...
Tether Holdings Limited, the issuer of the USDT stablecoin, has announced a record-breaking net profit of over $13 billion for 2024, according to its latest attestation report. Tether Hits $13 Billion Profits for 2024 And All-Time Highs in U.S. Treasury Holdings, USD₮ Circulation, and Reserve Buffer in Q4 2024 Attestation ...
Swan Bitcoin, a cryptocurrency-focused financial services firm, has taken its legal battle with Gibson, Dunn & Crutcher to court, accusing the law firm of malpractice after it sought to drop Swan as a client amidst a trade secrets lawsuit. On Monday, Swan filed a temporary restraining order in Los Angeles ...
