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A collection of 17 posts

Stable Blockchain Launched as Layer 1 Powered by Tether’s USDT

Stable Blockchain Launched as Layer 1 Powered by Tether’s USDT

Tether’s USDT, the leading stablecoin by market value, is now the backbone of a new Layer 1 blockchain named Stable, unveiled on July 1, 2025. Branded as a “stablechain,” this blockchain leverages USDT as its native token for gas and settlement fees, aiming to streamline digital transactions. The project,

Feds Confiscate $225 Million in Tether Stablecoin from Pig Butchering Scams

Feds Confiscate $225 Million in Tether Stablecoin from Pig Butchering Scams

Federal authorities have executed a huge operation, seizing approximately $225.3 million in cryptocurrency linked to widespread investment scams, marking the largest such seizure in U.S. Secret Service history. The joint effort, involving the U.S. Secret Service, FBI, and the U.S. Attorney’s Office for the District

Bolivia Embraces Crypto Stablecoin During US Dollar and Gas Shortages

Bolivia Embraces Crypto Stablecoin During US Dollar and Gas Shortages

In a significant step for stablecoin adoption, Tether’s USDT stablecoin is emerging as a practical solution in Bolivia, where economic challenges like dollar and gas shortages have sparked unrest. Paolo Ardoino, CEO of Tether, recently shared images on X showcasing retail items priced in USDT, highlighting the stablecoin’s

Stablecoin Payments Surge to $94.2 Billion with USDT Dominating Market

Stablecoin Payments Surge to $94.2 Billion with USDT Dominating Market

Stablecoins have emerged as a transformative force in global finance, offering a faster and more cost-effective alternative to traditional payment systems. A new report from Artemis, Castle Island Ventures, and Dragonfly reveals that stablecoin payments settled $94.2 billion between January 2023 and February 2025, with an annualized run rate

Tether CEO Eyes New US Stablecoin as Regulatory Pressure Mounts on USDT

Tether CEO Eyes New US Stablecoin as Regulatory Pressure Mounts on USDT

Paolo Ardoino, the chief executive of Tether, has hinted at a significant shift in the company’s strategy as it grapples with mounting regulatory challenges in the United States. With new legislation threatening to ban Tether’s flagship stablecoin, USDT, from key markets, Ardoino revealed that the company is exploring

Tether Reported as Seventh-Largest US Treasury Holder in 2024 with $33.1 Billion in Assets

Tether Reported as Seventh-Largest US Treasury Holder in 2024 with $33.1 Billion in Assets

Tether has solidified its standing in the financial world by becoming the seventh-largest holder of US Treasuries in 2024, a notable achievement for the company behind the widely used USDT stablecoin. With $33.1 billion in these government securities, Tether has outpaced several prominent nations, including Canada, Norway, Germany, and

Tether Engages with US Lawmakers to Shape Stablecoin Regulation Framework

Tether Engages with US Lawmakers to Shape Stablecoin Regulation Framework

In a significant development within the crypto space, Tether, the company behind the world's largest stablecoin USDT, has initiated discussions with U.S. lawmakers to influence the regulatory landscape for stablecoins in the United States. This move comes at a critical time as Congress works to establish a

Senator Bill Hagerty Proposes Bill to Regulate US Stablecoin Market

Senator Bill Hagerty Proposes Bill to Regulate US Stablecoin Market

Senator Bill Hagerty is poised to introduce a new piece of legislation aimed at providing regulatory clarity for the burgeoning stablecoin market in the United States. Known as the GENIUS Act, which stands for Guiding and Establishing National Innovation for US Stablecoins, this bill seeks to establish a structured regulatory

Tether Plans to Build 70-Story Crypto Hub Skyscraper in El Salvador

Tether Plans to Build 70-Story Crypto Hub Skyscraper in El Salvador

Imagine a towering beacon of innovation rising 70 stories high in the heart of El Salvador, a country that’s quickly becoming a haven for tech and crypto pioneers. That’s exactly what Tether, the company behind the $140 billion stablecoin USDT, is planning to bring to life. In a

Tether Breaks Records with $13 Billion Profit and Bitcoin and Gold Holdings

Tether Breaks Records with $13 Billion Profit and Bitcoin and Gold Holdings

Tether's 2024 financial performance is nothing short of amazing, showcasing the stablecoin giant's dominance in the crypto space. The company reported $13 billion in net profits for the year, fueled in part by its strategic investments in Bitcoin and gold, which alone contributed $5 billion in

Tether Files Lawsuit Against Swan Bitcoin Over Mining Joint Venture Dispute

Tether Files Lawsuit Against Swan Bitcoin Over Mining Joint Venture Dispute

In a significant escalation of their ongoing dispute, Tether, the stablecoin giant, has taken legal action against financial services firm Swan Bitcoin. The lawsuit filed in the High Court of England and Wales, centers around a contentious Bitcoin mining partnership known as 2040 Energy, revealing tensions that have simmered beneath

Bitcoin Drops Near $90K as Crypto Market Sees Intense Sell-Off

Bitcoin Drops Near $90K as Crypto Market Sees Intense Sell-Off

In what can only be described as a tumultuous day for the market, Bitcoin, the most popular and well known digital currency, has witnessed a significant drop, touching a low of $91,215. This marks a decline of over 3% against the U.S. dollar, reflecting the broader instability within

Concerns Grow as Tether Encounters More Issues

Concerns Grow as Tether Encounters More Issues

Tether is a key player known for its stablecoin USDT, and is currently facing a series of developments that are causing a mounting concern within the market. Recent events surrounding Tether have sparked speculation and worry, suggesting that the company might be on the verge of a crisis. The quiet

Elon Musk's SpaceX Uses Stablecoins to Bypass Forex Risks

Elon Musk's SpaceX Uses Stablecoins to Bypass Forex Risks

In the latest episode of the All-In podcast, Silicon Valley's own Chamath Palihapitiya shared an intriguing insight into how Elon Musk's SpaceX manages its financial operations, particularly when dealing with international transactions. SpaceX, through its Starlink services, has adopted a modern approach by leveraging stablecoins to

Tether Invests $775 Million into Video Platform Rumble

Tether Invests $775 Million into Video Platform Rumble

Tether, the company behind the USDT stablecoin, has dug deep into its treasure trove, investing a staggering $775 million into Rumble. This investment isn't just a financial injection; it's a statement of confidence in the intersection of crypto and free speech. The announcement came at a

Bolivia Turns Into Crypto Haven After Ban Lift

Bolivia Turns Into Crypto Haven After Ban Lift

In the heart of South America, Bolivia has quickly emerged as a significant player in the world of cryptocurrency following the lifting of a long-standing ban on digital asset transactions. This transformation has not only altered the landscape of Bolivia's economy but has also positioned the country as

Binance Launches BFUSD Stablecoin with 19.55% High Yield

Binance Launches BFUSD Stablecoin with 19.55% High Yield

Binance, one of the world's leading cryptocurrency exchanges, has introduced its latest innovation, BFUSD. This new stablecoin not only aims to provide stability in the volatile crypto market but also offers users an unprecedented opportunity to earn significant yields directly from their holdings. The Introduction of BFUSD BFUSD