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
El Salvador launches $1 million ‘Freedom Visa’ program
In a groundbreaking move, El Salvador has introduced the "Adopting El Salvador Freedom Visa Program," a unique initiative designed to attract high-net-worth individuals and investors by offering a path to citizenship in exchange for a significant crypto investment. This program aligns with the country's broader strategy to embrace cutting-edge technology and financial … [Read more...] about El Salvador launches $1 million ‘Freedom Visa’ program
Tether steps up transparency, commits to real-time reserve disclosures
In a significant shift toward transparency, Tether, the company behind the world's most prominent stablecoin USDT, has announced it will start providing real-time disclosures of its reserves. This landmark decision comes as Paolo Ardoino, Tether's incoming CEO, prepares to take the helm of the $84 billion cryptocurrency giant. … [Read more...] about Tether steps up transparency, commits to real-time reserve disclosures
Tether announces soaring Q2 profits amid US treasuries exposure
Tether, a trailblazing stablecoin issuer, has recently reported an impressive profit of $850 million for the second quarter of the year. This announcement comes amid Tether's significant exposure to US Treasuries, with the company revealing a staggering $72 billion holding in these government bonds. … [Read more...] about Tether announces soaring Q2 profits amid US treasuries exposure
Tether strengthens its presence in Georgia, invests in sustainable bitcoin mining in Uruguay
Stablecoin issuer Tether announced that it is expanding its presence in Georgia through a strategic investment in CityPay.io, a payment processing company that operates in more than 600 locations across the country including shops, hotels, restaurants and more. … [Read more...] about Tether strengthens its presence in Georgia, invests in sustainable bitcoin mining in Uruguay
Tether will invest up to 15% of its profits into bitcoin
Tether, issuer of the most widely used stablecoin, will use up to 15% of its net realized operating profits to buy bitcoin in an effort "strengthen and diversify" the reserves that back USDT. … [Read more...] about Tether will invest up to 15% of its profits into bitcoin
Tether has reportedly surpassed Visa and Mastercard in terms of transaction volume in 2022
USDT, the biggest stablecoin in terms of market capitalization, has flipped top payment processors Visa and Mastercard in terms of settlement volume, according to a recent tweet by Tether. … [Read more...] about Tether has reportedly surpassed Visa and Mastercard in terms of transaction volume in 2022