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
Swiss city embraces cryptocurrency for municipal payments
In a landmark decision, the Swiss city of Lugano has officially begun accepting Bitcoin (BTC) and Tether (USDT) for tax payments and other municipal fees. This announcement marks a significant step towards integrating cryptocurrency into the city's financial infrastructure. … [Read more...] about Swiss city embraces cryptocurrency for municipal payments
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
Tether redefines its collateral wording to ‘cash equivalents and other’
The policy update could be related to the ongoing investigation by the US Department of Justice on alleged price manipulation, launched in November. … [Read more...] about Tether redefines its collateral wording to ‘cash equivalents and other’
Crypto news in brief (December 17, 2018): South Korea, Coinbase and PayPal, Belgium, Tether
- Two South Korean ministries have launched a blockchain project for the container shipping industry - Coinbase has announced that U.S. customers can now instantly withdraw balances to PayPal - Belgium’s FSMA has updated its list of suspicious cryptocurrency-related websites that show signs of fraudulent activities - Bloomberg has reviewed some bank statements of Tether … [Read more...] about Crypto news in brief (December 17, 2018): South Korea, Coinbase and PayPal, Belgium, Tether