Tether, a stablecoin issuer, has unveiled a new denomination called Scudo for its Tether Gold (XAUt) token. It is a gold-backed crypto, which represents the ownership of physical gold. As gold prices have reached record highs, Tether aimed for everyday payments in gold, expanding its token use case beyond a
In the context of a fear-driven crypto market, many entered 2026 cautiously. Tether, the largest stablecoin issuer, is quietly heading in the opposite route, which has boosted its exposure to Bitcoin. Tether CEO Paolo Ardoino announced on January 1 that the company had acquired 8,888.8888888 BTC as part of its
Tether and Circle minted USDT and USDC, respectively, and the crypto market is curious about the reason. Both transactions happened in just 12 hours on different networks for a total of 2 billion tokens. The development comes at a time when crypto prices are fluctuating – teasing highs one moment
The issuer of cryptocurrency stablecoins, Tether, has made a comprehensive offer to purchase Italian football giant Juventus FC in a transaction worth about 1.1 billion. The offer is ambitious and aims to acquire the majority stake of the Agnelli family by their holding company, Exor, which has owned it for
Tether, a major player in the stablecoin market, has formally ended its crypto mining activities in Uruguay, thus signalling a major withdrawal from what was once Tether’s bright venture. The move comes after a long dispute with the local authorities over the prices for the electricity that the company considered
On Tuesday, the US dollar-pegged stablecoin Tether reached 500 million users, providing an alternative for those who are unable to utilize conventional banking services to make transactions and save money. “Likely the biggest financial inclusion achievement in history,” Tether CEO Paolo Ardoino commented on X. According to Tether, this number
With a yearly inflation rate of 229% and a financial system in disarray, stablecoins like USDT have become the go-to money for millions of Venezuelans. According to Mauricio Di Bartolomeo, who left Venezuela before co-founding Ledn in 2018, Tether’s USDT, more often known as “Binance dollars,” is now used for
Tether, a leading stablecoin company, is reportedly having strategic conversations with mining firms and investment groups about potential capital investment in a variety of gold supply chain segments. This growth is a major diversification initiative outside the traditional treasury-based reserve strategy of the company. Strategic Gold Market Expansion Recent reports
The CEO of Tether announced intentions to bring USDT in full compliance with the GENIUS Act and to introduce a stablecoin tailored to the US market. As it prepared for the new law’s full application, Circle reiterated its completely compliant ecosystem. Tether’s Dual-Track Strategy for GENIUS Act Compliance The dual-track
On June 15, 2025, Tether Inc., the company behind the world’s most-used stablecoin, USDT, froze around $12.3 million worth of tokens on the Tron blockchain. The freeze happened at 09:15 UTC, according to Tronscan data, and was part of Tether’s push to shut down shady activity and stick to its
