USDT

USDT

Markets

Tether’s Gold Hoard Surges to 116 Tons, Rivals Small Central Banks

Jefferies said that stablecoin giant Tether has quietly become one of the gold market’s most influential new buyers.

Gold Bars

Finance

Tether Profits Topped $10B in First Nine Months of Year; Starts Share Buyback Program

The stablecoin issuer saw strong growth in the third quarter, reporting a $17 billion increase in circulating USDT and $135 billion exposure to U.S. Treasuries.

Tether USDT (CoinDesk)

Markets

Circle’s USDC Overtakes Tether's USDT in Onchain Activity as Regulation Drives Shift: JPMorgan

USDC leapfrogged USDT in onchain activity as regulatory clarity pushes investors toward transparent and compliant stablecoins.

Stablecoin networks (Unsplash, modified by CoinDesk)

Markets

Crypto Market Maker B2C2 Launches PENNY to Enable Instant, Zero-Fee Stablecoin Swaps

The institutional liquidity provider’s new platform says it will let users exchange stablecoins like USDT and USDC across multiple blockchains without fees.

DeFi networks are global. (NASA/Unsplash, modified by CoinDesk)

Markets

Stablecoins Surge to Record $314B Market Cap as Institutional Race Heats Up: Canaccord

Regulation and new players are driving stablecoin momentum and paving the way for a new internet “money layer,” the broker said

DeFi networks are global. (NASA/Unsplash, modified by CoinDesk)

Markets

Stablecoin Market Surges on U.S. Regulation, With Circle's USDC Gaining Ground: JPMorgan

The bank's analysts said the GENIUS Act has fueled a 42% jump in stablecoin growth this year, with Circle’s USDC chipping away at Tether’s dominance.

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

Finance

Tether Adds $1B in Bitcoin to Reserves as USDT Supply Nears $175B, Blockchain Data Shows

The crypto firm behind the largest stablecoin has been accumulating bitcoin alongside gold over the past few years.

Bitcoin (modified by CoinDesk)

Finance

Softbank, Cathie Wood's Ark Among Potential Investors in Tether Fundraising: Report

The USDT stablecoin issuer is reportedly looking to raise up to $20 billion at a valuation of $500 billion, which would make it one of the most valuable private companies in the world.

Tether (CoinDesk)

Markets

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.

Tether (CoinDesk)

Finance

Plasma Unveils First Stablecoin-Native Neobank, Targeting Emerging Markets

The rollout comes ahead of Plasma’s mainnet beta launch on September 25.

Plasma (Ramon Salinero/Unsplash)