27 articles
Tether announced the launch of the FASE Foundation (Financial Access and Systemic Empowerment) , a Swiss nonprofit organization that will develop programs to prevent financial fraud, support human trafficking victims,…
TLDR: RLUSD is going live on Robinhood Chain and Bitstamp, while a listing on Robinhood’s main trading app is expected later this year. Robinhood will use Ripple Treasury for internal…
As of Oct. 25, Circle’s USDC made up around 80% of the net 30-day drop among the 13 largest stablecoins, according to monthly DeFiLlama figures. Circle’s token lost $4.69 billion…
Sen. Blumenthal said he wants answers from Tether following reports that it paid millions to a firm started by a former WH crypto adviser.
Top Senate Democratic investigator Senator Richard Blumenthal is now demanding documentation regarding an estimated payment of $6.3 million made by Tether to the consulting firm that is part-owned by Bo…
Senator Richard Blumenthal, the ranking Democrat on the investigations subcommittee, added a probe of the ex-White House crypto adviser to his list of crypto interests.
TL;DR Tether led a funding round for Peso, a Bolivian fintech developing USDT-based financial services and payment solutions across Latin America. The investment will support the expansion of merchant payment…
TL;DR Tether led a $15 million funding round for Mural, a company specializing in AI-powered payment infrastructure. The investment brought Mural’s total funding to $28 million, with participation from North…
The Series A round, which included participation from North Island Ventures and existing investors, brings New York-based Mural's total funding to $28 million.
Tether CEO Paolo Ardoino pushed back on X against a US Senate subcommittee report, dated September 28, that accuses the stablecoin issuer of being slow to freeze wallets tied to…
TL;DR Tether participated in Tenstorrent’s $1.5 billion funding round. The company specializes in AI processors and computing infrastructure. The deal valued Tenstorrent at $6.2 billion and will support expanded server…
A major stablecoin issuer says it is outpacing official sanctions and analytics labels with proactive freezes on suspicious addresses. Tether CEO Paolo Ardoino says that since 2023 the firm froze…
TLDR: Tether CEO Paolo Ardoino claims wallet freezes helped reduce Iran-linked stablecoin volume by 94%. Ardoino says Tether froze addresses four weeks before official US and Israeli sanctions designations. Tether…
Tether’s CEO Paolo Ardoino has rejected a Senate Democrat’s findings on the company’s Iran compliance. Senator Richard Blumenthal had asked the Treasury and Justice departments to investigate whether Tether broke…
The stablecoin issuer's CEO, Paolo Ardoino, has been defending against accusations that the firm's stablecoins have fueled financial activity in Iran.
TL;DR Tether CEO Paolo Ardoino says the company froze sanctioned addresses an average of four weeks before official designations since 2023. Senate investigators examined 846 Iran-linked wallets and found that…
A 1-basis-point increase in US bank deposit rates trims the average 10-week stablecoin growth from about 15% to about 12%, according to a working paper from the Bank for International…
TL;DR: Stablecoin issuer Tether has participated in a funding round for AI infrastructure startup AIsa, bringing the startup’s cumulative fundraising above $9 million. The company is working on payment and…
TL;DR: Reporting about a consulting arrangement involving Tether and a firm associated with former White House crypto adviser Bo Hines has raised questions about conflicts of interest. Hines’ representatives dispute…
TL;DR Tether reportedly paid approximately $6.3 million to Nxum, a consulting firm in which former White House official Bo Hines held a one-third ownership stake. Bo Hines helped develop the…
Holders of A7A5, a ruble-pegged stablecoin built to get around Western sanctions, have been waiting for interest payments since October 9. Ukrainian drones attacked Russian data centers hosting its exchange,…
Standard Chartered Bank has pushed its $2 trillion stablecoin market forecast to 2030 from 2028 because supply growth has stalled this year.
Tether announced an investment in EFY Finance as part of its seed funding round to expand institutional use of the USDT and USAT stablecoins in Latin America . The investment…
Tether has frozen $10 million of its USDT cryptocurrency after a theft drained up to $93 million in assets from Ledger hardware wallets sold by CryptoBilis, as the investigation into…
