Tether

Circle stock tumbles 20% on newest Clarity Act draft
Circle shares fell 20% and Coinbase dropped about 10% after a draft of the U.S. Clarity Act raised the prospect of strict limits on stablecoin yield. The sell-off also comes as rival Tether moved to bolster confidence by hiring a Big Four accounting firm for a full audit. CoinDesk's Jennifer Sanasie hosts CoinDesk Daily.

Tether hires a 'Big Four' firm for a full audit of USDT reserves
The audit aims to address long-standing questions over USDT reserves and push new disclosure standards.

Circle's USDC volumes top Tether's USDT for first time since 2019, prompting sell-side price target hike
Japanese investment bank Mizuho remains neutral on Circle, but lifted it price target to $120 from $100.

Tether invests in Ark Labs to make Bitcoin ready for stablecoins and payments
The issuer behind the USDT stablecoin joined a $5.2 million funding round for Ark Labs, backing software that could let stablecoins move and settle on Bitcoin rails.

Stablecoin giant Tether invests $50 million in sleep technology startup Eight Sleep
The firm behind the $183 billion USDT stablecoin is expanding beyond its crypto roots to longevity and artificial intelligence.

Tether taps Deloitte for first USAT reserve report
The report is a third-party attestation, which provides a snapshot of reserves at a specific point in time, rather than a full audit of the company's finances.

Tether invests $200 million in digital marketplace Whop to expand stablecoin payments
The online marketplace said it will embed Tether's crypto wallet tools and USDT, USAT tokens to power crypto payments for over 18 million users.

A $100 million crypto campaign fund with a pro-Trump vibe so far failed to show up
The Fellowship political action committee promised $100 million, with reports that Tether may have been tied as a backer, but the fund has so far delivered zero.

Leading stablecoin Tether shrinks again as market cap looks set for second straight monthly drop
Growth of tether and other top stablecoins has stalled, posing risk to the broader crypto market.

Gold firm Elemental Royalty to pay out dividends in Tether's tokenized gold
The company claimed the bragging right of being the first to let investors opt for dividend payments in a cryptocurrency, backed by gold.

