Tether


Finance

Tether Reports $4.9B Net Profit in Q2, Invested $4B in U.S. Initiatives

The firm held roughly $8.9 billion in bitcoin in the reserves, translating to roughly 83,200 coins.

Tether CEO Paolo Ardoino at White House

Finance

Tether-Focused Blockchain Stable Raises $28M to Power Stablecoin Payments

The blockchain aims to enable fast, low-cost and stable digital payments using USDT as its gas token.

Pot full of coins (micheile henderson/Unsplash)

Policy

Tether CEO Says He'll Comply With GENIUS to Come to U.S., Circle Says It's Set Now

Paolo Ardoino, Tether's chief, said his firm will come to the U.S., is chasing high-level auditing and will adjust reserves, but Jeremy Allaire said Circle is already compliant.

Tether CEO Paolo Ardoino at White House

Web3

Tether to Halt USDT on Omni, BCH, Kusama, EOS, Algorand as Focus Shifts to Layer 2s

The decision is due to declining usage of USDT on these networks over the past two years and as the company moves its focus to newer platforms such as Layer 2s.

U.S. Capitol and Tether (Jesse Hamilton/CoinDesk)

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Videos

Is Bitcoin Humanity's Last Shot at Freedom? | CoinDesk Spotlight with Jack Mallers

Strike founder Jack Mallers joins "CoinDesk Spotlight" with a conversation about building Twenty One with Tether and SoftBank, and why he sees bitcoin as “moral imperative” as much as a financial instrument. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

CoinDesk

Finance

Tether Invests in Blockchain Forensics Firm Crystal Intelligence to Fight Crypto Crime

Tether aims to curb illicit use of its USDT stablecoin as cryptocurrency-related scams and fraud increase.

Nemo suffered $2.4M hack on Monday. (TheDigitalArtist/Pixabay)

Finance

Tether to Mine Bitcoin With Adecoagro in Brazil Using Surplus Renewable Energy

The project aims to monetize surplus energy and potentially add BTC to Adecoagro’s balance sheet.

(Rachel Sun/CoinDesk)

Policy

NY Bankruptcy Judge Gives Celsius the Green Light to Pursue $4.3B Lawsuit Against Tether

Celsius has accused Tether of improperly liquidating nearly 40,000 bitcoins in order to cover an outstanding loan while it was on the precipice of bankruptcy in 2022.

Paolo Ardoino (Tether)

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Markets

Asia Morning Briefing: Asia's Banks Look to Stablecoins to Prevent Deposit Flight

PLUS: Bakkt is entering the BTC Treasury market with a $1 billion BTC purchase.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)

Finance

Tether Seeks More Active Role at Juventus After Buying Over 10% of Soccer Club

Tether said it asked to participate in the club's recent capital increase and be granted a board seat in May.

Paolo Ardoino (Tether)