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The $157 billion stablecoin behemoth has not only survived but also thrived for more than eleven years in an industry fraught with controversy. Paolo Ardoino’s Case for Tether as the Ultimate Antifragile Asset Paolo Ardoino CEO of stablecoin issuer Tether has always been a rabid sci-fi fan, and he’s no stranger to the concept of … Read more
Tether CEO Paolo Ardoino has expressed frustration over the limited communication between Tether, Juventus, and Exor, the club’s majority owner. Tether Wants Voice on Key Decisions Stablecoin issuer Tether, which recently upped its stake in Italian football giant Juventus and is now its second-largest shareholder, claims that communication between the club, Exor and the stablecoin … Read more
Coinbase has revealed its involvement in a law enforcement operation where the U.S. Secret Service (USSS) seized $225 million in USDT linked to “pig butchering” scams. These scams, which often begin with fraudulent romantic or business relationships, have resulted in substantial financial losses for victims. In late 2023, Tether froze 39 wallet addresses associated with … Read more
The U.S. Secret Service shattered records with a $225 million crypto seizure, spotlighting Tether’s role in dismantling global digital asset fraud at scale. US Secret Service Achieves Largest $225M Crypto Bust With Tether’s Support Digital asset firm Tether announced on June 18 that the United States Department of Justice (DOJ) has recognized its cooperation in … Read more
Stablecoins were built as a bridge between fiat currency and the crypto economy. And for a while, that bridge held. The Stablecoin Power Shift Tether’s USDT became the dominant trading pair across most exchanges, despite years of scrutiny over whether its reserves are truly backed 1:1 by U.S. dollars or equivalent assets like short-term Treasuries. … Read more
A Russian national faces 22 charges for laundering $530 million through cryptocurrency, using his companies to bypass U.S. sanctions and defraud financial institutions. 22 Charges Filed Against Russian National in $530M Crypto Scheme The U.S. Department of Justice (DOJ) announced on June 9 that Iurii Gugnin, a Russian national living in New York, faces 22 … Read more
Tether CEO Paolo Ardoino announced that the company will work towards open-sourcing its Bitcoin Mining Operating System (MOS), aiming to enable a new wave of bitcoin mining companies to enter the market and enhance network security. The MOS is designed to create a level playing field by reducing the reliance on third-party hosted software, thereby … Read more
The stablecoin sector has officially vaulted beyond the $250 billion milestone, according to data from defillama.com. Over the past week alone, an additional $2.51 billion has poured into the swelling ecosystem of fiat-pegged digital tokens. Stablecoins Cross $250B for the First Time Ever—What’s Next? For the first time ever, the stablecoin market has cracked the … Read more
Tether CEO Paolo Ardoino responded positively to an analyst’s $515 billion valuation of the stablecoin issuer, calling it “a beautiful number,” but ruled out the company going public. Ardoino: Valuation ‘A Bit Bearish’ Tether CEO Paolo Ardoino has described an analyst’s $515 billion valuation of the stablecoin issuer as “a beautiful number.” He also suggested … Read more
Paolo Ardoino, CEO of Tether, posted several pictures of items priced in USDT in Bolivia, marking an adoption milestone for the dollar-pegged stablecoin. The measure comes amid a climate of unrest due to the scarcity of dollars and gas faced by Bolivians. USDT Used to Establish Prices in Bolivia Stablecoins are becoming increasingly popular in … Read more