Circle’s USDC has dominated the U.S. institutional market for so many years. Now analysts say that Tether’s newly launched USAT could become the first credible domestic challenger to USDC. What is USDC USAT is a dollar-backed stablecoin created for use inside the United States. USAT is designed to meet the
Tether, the company behind the issue of one of the widely recognized stablecoins, has made a strategic partnership announcement with Bitqik, which is recognized as a licensed digital assets exchange within Laos, to develop digital asset knowledge in the region of Southeast Asia, as of January 19, 2025. Under this
The company behind USDT, Tether, had frozen more than $180 million in USDT on January 11, according to data from blockchain surveillance website Whale Alert. The freezes were carried out in five consecutive transactions, affecting several Tron-based wallets with sums that range from $12 million to $50 million; a total
Following the United States’ capture and extradition of Venezuelan leader Nicolás Maduro earlier in the month, the role of Tether’s USDT stablecoin in the economy of Venezuela has come into renewed focus. USDT, being a stablecoin pegged on the value of the US dollar, is an integral part of the
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
