Tether
Tether Looking to Raise Up to $20B, Bringing its Valuation to $500B: Bloomberg
The talks of the deals are in early stages and prospective investors have been given access to a data room over the past few weeks, Bloomberg reported.
Asia Morning Briefing: China’s Car, America’s Currency — Why Stablecoins Keep the Dollar in the Driver’s Seat
A BYD Dolphin Mini sold for USDT in a BRICS country highlights the irony of China’s de-dollarization drive, where the yuan is sidelined to academic theories about a post-U.S. order, while crypto-dollars power real-world trade.
U.S. Stablecoin Battle Could Be Zero-Sum Game: JPMorgan
Without significant expansion, the new wave of stablecoin launches may simply redistribute market share rather than grow the pie, said the bank.
Israel Links Wallets That Received $1.5B in Stablecoins to Iran's Revolutionary Guard
Israel flagged 187 crypto addresses allegedly linked to the IRGC. Elliptic says the wallets received $1.5B in USDT, though not all may belong to Iran’s Revolutionary Guard.
Tether Unveils USAT Stablecoin for U.S. Market, Names Bo Hines to Lead New Division
The token was designed to meet the U.S. stablecoin issuance standard, with Anchorage Digital and Cantor Fitzgerald supporting issuance and reserve management.
Tether CEO Dismisses Suggestions Company Sold Bitcoin to Buy Gold
Paolo Ardoino said Tether, issuer of the world's largest stablecoin USDT, "didn't sell any bitcoin."
Santiment Highlights Five of This Week’s Top Trending Coins: BTC, ETH, DOGE, USDT, EGLD
Santiment said Bitcoin, Ethereum, Dogecoin, Tether and MultiversX drew the biggest surge in online discussions as crypto markets closed the week.
Tether Held Talks to Invest in Gold Mining: FT
Tether's CEO Paolo Ardoino referred to the precious metal as "bitcoin in nature," in a conference speech in May.
Tokenized Gold Market Tops $2.5B as the Precious Metal Nears Record Highs
Gold-backed tokens XAUT and PAXG have surged to fresh highs in market capitalization as the metal trades near its April peak.
South Korea’s Top Banks Said to Meet Tether, Circle on Stablecoin Partnerships: Report
In separate meetings, executives from Shinhan, Hana, KB Financial and Woori Bank will explore the role of dollar-pegged and won-pegged stablecoins in the country.
