Tether, the issuer of the widely used USDT stablecoin, made a high‑profile play to take control of Italian football club Juventus, only to have its offer firmly rejected by the team’s long‑standing owners, according to regulatory filings and market reports. … [Read more...] about Tether’s all‑cash bid for Juventus rebuffed as crypto firm pushes into sports ownership
Tether in talks to lead €1B mega-round for German humanoid robotics firm Neura
Tether, the world’s largest stablecoin issuer, is in discussions to lead a €1 billion ($1.16 billion) funding round for Neura Robotics, a fast-growing German start-up building AI-enabled humanoid machines, according to a report in the Financial Times. The investment could value Neura between €8 billion and €10 billion—a dramatic jump from its last funding round in January, when … [Read more...] about Tether in talks to lead €1B mega-round for German humanoid robotics firm Neura
Tether relocates to El Salvador, bolstering focus on emerging markets
Tether, the leading stablecoin issuer, has announced plans to relocate its operations to El Salvador after securing a Digital Asset Service Provider (DASP) license. This strategic move underscores Tether's commitment to advancing Bitcoin adoption and innovation in emerging markets. … [Read more...] about Tether relocates to El Salvador, bolstering focus on emerging markets
Tether is ready to invest hundreds of millions of dollars in projects other than cryptocurrency
Tether, the issuer of the world's largest stablecoin USDT, is on track to close 2024 with a net profit of $10 billion, Bloomberg quotes the company CEO Paolo Ardoino. … [Read more...] about Tether is ready to invest hundreds of millions of dollars in projects other than cryptocurrency
Tether reveals $2.5 billion profit in Q3 2024
Tether Holdings, the company that issues the largest stablecoin USDT, reported net profit of $2.5 billion in the third quarter of the year, bringing year-to-date profit to $7.7 billion. The company also said it has over $6 billion in excess reserves. … [Read more...] about Tether reveals $2.5 billion profit in Q3 2024
Tether to launch UAE dirham-pegged stablecoin amid growing demand in the Gulf
Tether, the world’s largest stablecoin issuer, is set to introduce a new digital asset pegged to the United Arab Emirates dirham (AED), marking a significant expansion of its product offerings in a rapidly growing market. This move is part of Tether's broader strategy to diversify its stablecoin portfolio, which already includes tokens pegged to the U.S. dollar, euro, and … [Read more...] about Tether to launch UAE dirham-pegged stablecoin amid growing demand in the Gulf
Tether reorganizes into four divisions: Data, Finance, Power, and Edu(cation)
Tether, the company behind the world's largest stablecoin USDT, announced a significant reorganization and expansion strategy to broaden its influence in the other areas of digital assets. … [Read more...] about Tether reorganizes into four divisions: Data, Finance, Power, and Edu(cation)
Tether releases Q4 2023 financial report, showing remarkable growth
Tether, issuer of the largest stablecoin by market capitalization, recently published its financial report for the fourth quarter of 2023. … [Read more...] about Tether releases Q4 2023 financial report, showing remarkable growth