Tether plans major expansion into BTC mining with $500M investment: Report
Tether has ambitions to reach 1% of BTC mining computing power under its new CEO Paolo Ardoino. New facilities in South America will be part of the push. Go to Source
Tether
Auto Added by WPeMatico
Tether credits USDT growth surge to ETF excitement, emerging markets
Tether USDT added at least $20 billion to its market capitalization in 2023, while rival stablecoin USDC lost the same amount so far this year. Go to Source
First deadline window looms for SEC to approve Bitcoin ETFs: Law Decoded
Even if approved by Nov. 17, the spot Bitcoin ETFs are unlikely to come to market for at least a month after approval. Go to Source
Stablecoin firm Tether minted 4B USDT in 4 weeks: Data
Tether has minted 4 billion USDT over the past month, which accounts for nearly 18% of all USDT issued so far in 2023. Go to Source
U.S. lawmakers introduce CLARITY Act to limit federal ties with Chinese blockchain
Furthermore, the act aims to explicitly forbid U.S. government officials from engaging in transactions with iFinex, the parent company of USDT issuer Tether. Go to Source
Tether issues $610M debt financing to Bitcoin miner Northern Data
In September 2023, Tether also invested an undisclosed amount in Northern Data in a move backing AI initiatives. Go to Source
Tether attestation shows cash and cash equivalents of 86% as loans decline
Tether’s newest reserve attestation shows the highest-ever percentage of cash equivalents, with most reserves consisting of U.S. T-bills and repurchase agreements. Go to Source
From payments to DeFi: A closer look at the evolving stablecoin ecosystem
The stablecoin ecosystem has evolved significantly over the years, with new regulations and models shaping the landscape. Go to Source
SBF claims innocence, contradicts other witnesses: Law Decoded
Sam Bankman-Fried was the final witness to take the stand after more than three weeks of testimonies in court. Go to Source
Brazil’s USDT adoption soars in 2023, makes up 80% of all crypto transactions
USDT has seen a significant surge in adoption in Brazil, accounting for 80% of all cryptocurrency transactions in the country so far in 2023. Go to Source