Tether has entered into a strategic partnership with the Celo blockchain as part of its ongoing expansion of its USDT stablecoin across other blockchain networks. Celo is a layer-1 network that now supports Tether (USDT) and is compatible with the Ethereum Virtual Machine (EVM). It is meant for low-cost and
One of USDT Issuer Tether’s new initiatives is an educational division that will provide seminars, classes, and other opportunities to learn about blockchain and other digital technologies. With the help of industry leaders and trailblazers, the new Tether division will provide a “smart education environment” for students. Tether USDT is
Tether, the issuer of the USDT stablecoin, saw an all-time high growth in the surplus reserves supporting its tokens in circulation and a record-breaking $2.9 billion net profit in Q4 2023, according to its latest attestation report completed by global auditing company BDO. The majority of Tether’s net operational profit
Tether, the issuer of the USDT stablecoin, has been heavily investing in Bitcoin throughout Q4 2023, purchasing a large number of BTC. In the last phase of the past quarter, Tether added $380 million worth of bitcoin to its holdings, further solidifying its position in the crypto market. As a
A new UN report states that Tether (USDT) is being used by Southeast Asian fraudsters and money launderers. The UN Office on Drugs and Crime has published a report that brings attention to the worrying increase in scams, with a focus on the notorious “pig butchering” strategy that involves fake
Another 1 billion USDT has been “authorized but not issued,” as stated by CEO Paolo Ardoino of Tether, the firm behind the stablecoin. Whale Alert, informed on December 25 via twitter that Tether Treasury has minted one billion USDT ($1 billion). The CEO of Tether, Ardoino, then issued a public
The USDT stablecoin’s developer, Tether, has revealed letters it sent to lawmakers in the US, in which it responds to demands for the DOJ to step in over illegal USDT transactions. On November 16 and December 15, the messages were addressed to members of the United States House Financial Services
Tether, the stablecoin issuer, said on December 9 that it is launching a voluntary wallet-freezing policy as part of its ongoing efforts to cooperate with regulatory and law enforcement organizations. Tether has been imposing restrictions on the secondary market to block transactions with Sanctioned individuals on the OFAC Specially Designated
From his role as CTO to that of chief executive officer (CEO) of Tether, Paolo Ardoino made the jump on December 1. At a time when the firm is placing a premium on diversity and development, his hiring was meticulously plotted out. Ardoino expects that Tether’s primary business will generate
Tether, the company behind the popular stablecoin USDT, announced it will launch a euro-pegged cryptocurrency on Bitunix, a new Europe-focused digital asset exchange. In a recent tweet, Tether stated it would soon release Euro Tether (EUR₮) on Bitunix. This represents Tether’s latest expansion into fiat-pegged stablecoins beyond its flagship USDT
