Stablecoin issuer – DIGIT INFO

Tether to Increase Its Workforce to 200 by Mid-2025, Says CEO Paolo Ardoino

DIGIT — Fri, 09 Aug 2024 23:30:48 +0000

The CEO of stablecoin issuer Tether Holdings Ltd. has announced plans to increase the company’s employee headcount to 200 by mid-2025. The firm stated that a majority of the new employees will be assigned to the compliance team, while others will join the finance team. A Finance Behemoth With a Lean Structure Stablecoin issuer Tether […]

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$14M Capital Infusion Catapults Ethena Labs’ Valuation; Stablecoin Ranks 9th Largest

DIGIT — Fri, 16 Feb 2024 21:00:50 +0000

On Friday, Ethena Labs, the creators of the stablecoin USDE, secured $14 million in funding from key investors. Following this recent influx of funds and a previous $6.5 million investment from Maelstrom, overseen by Arthur Hayes, in July 2023, the company’s post-valuation has risen to $300 million. USDE Issuer Ethena Labs Raises $14M Ethena Labs, […]

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‘I’m a big fan’: Cantor Fitzgerald CEO praises Tether and Bitcoin

DIGIT — Wed, 13 Dec 2023 05:27:02 +0000

Cantor Fitzgerald has been managing Tether’s now $90 billion Treasury portfolio since late 2021.

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Tether adds Bahamas-based private bank Britannia as partner: Report

DIGIT — Tue, 29 Aug 2023 22:56:21 +0000

Tether’s reported new partnership with Britannia Bank makes it the third Bahamas-based bank to join forces with the stablecoin issuer.

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Binance USD market cap falls below $10B amid rising regulatory concerns

DIGIT — Fri, 03 Mar 2023 05:34:39 +0000

As it stands today, BUSD’s market cap has fallen by nearly $14 billion since its all-time high of $23.49 billion on Nov. 15, 2022.

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Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry

DIGIT — Sat, 11 Feb 2023 19:30:54 +0000

During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put the concept on hold […]

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Tether Reveals USDT Stablecoin Is Now Supported by Polkadot

DIGIT — Fri, 23 Sep 2022 20:30:57 +0000

Tether is now live on 15 different blockchain networks, according to the company’s latest announcement on Friday as the firm detailed that it is now supported by the Polkadot blockchain system. The stablecoin’s new support follows the token being added to the Near Protocol 11 days ago. The news further follows Tether being ordered by […]

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Near Protocol Supports Tether USDT, Stablecoin Is Now Hosted on 14 Blockchain Networks

DIGIT — Mon, 12 Sep 2022 19:30:29 +0000

On Monday, the stablecoin issuer Tether Operations Limited announced that the stablecoin tether is now supported by the Near blockchain network. Following a number of recent implementations, Near will be the 14th blockchain network that hosts the largest stablecoin by market capitalization. Tether Connects With the Near Protocol Tether has revealed that tether (USDT) is […]

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Stablecoin Issuer Tether Won’t Freeze Tornado Cash Addresses, Says Premature Freezing Could Jeopardize Investigations

DIGIT — Wed, 24 Aug 2022 19:30:46 +0000

While the crypto community is still talking about the U.S. government banning the ethereum mixing platform Tornado Cash, the stablecoin issuer Tether Holdings Limited revealed on Wednesday that the company would not “freeze Tornado Cash addresses.” Tether’s recently published blog post about the subject says the company is waiting for instructions from law enforcement. Tether […]

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