Tether
Tether backs UAE tokenization firm KAIO in $8M funding round to bring Emirati funds onchain
The Abu Dhabi-headquartered firm build infrastruture to distribute insitutional funds on blockchain rails, lowering entry barrier for investors.
A $300 million borrowing spike on Aave signals liquidity crunch after KelpDAO exploit
The aftershocks of the Saturday's KelpDAO hack are spreading through stablecoin markets in ways that were not immediately obvious.
Drift gets $148 million funding from Tether and partners as it replaces Circle stablecoin with USDT after massive exploit
The money will be used by Drift to recover user funds after more than $270 million in clients assets were exploited this month, and will relaunch the protocol as a USDT-based perpetuals DEX on Solana.
Crypto's new $11 million PAC booked millions in ads with firm started by Tether US CEO
While Tether has been closely associated with the emerging political action committee, the opening funding came from Cantor Fitzgerald and Anchorage Digital.
Tether adds $70 million in bitcoin to reserves, bringing holdings above 97,000 BTC
The USDT stablecoin issuer has now accumulated over $7.1 billion in bitcoin as part of its strategy to recycle up 15% of its profit into BTC.
Tether introduces crypto wallet to bring stablecoin and bitcoin payments directly to users
The stablecoin issuer's crypto wallet lets users send digital dollars, tokenized gold and bitcoin without intermediaries or gas tokens across multiple blockchains.
Super PAC tied to Tether makes first ad buy from firm founded by Tether's U.S. CEO
The Fellowship PAC spent $300,000 with Nxum Group that was co-founded by Bo Hines, the chief of Tether's U.S. arm and former adviser to President Donald Trump.
Lawmakers outraged over "disgusting" war bets on Polymarket
Polymarket removed a betting market on the rescue of U.S. service members in Iran after lawmakers criticized it for reducing a military operation to a financial trade. Will this incident add to the pressure prediction markets face in Washington? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
Tether hires KPMG for USDT audit, brings in PwC as it gears up for U.S. expansion
FT identifies KPMG as auditor as stablecoin giant eyes fundraising and expansion under new U.S. rules
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.
