Tag: Tether
Class Action Lawsuit Against Tether: Plaintiffs File Slimmed Down Complaint
Plaintiffs in a class action lawsuit against Tether and Bitfinex have filed a new, streamlined complaint in the Southern District of New York. The complaint accuses the companies of manipulating the cryptocurrency markets and...
Tether Surpasses $7.7 Billion Profit Year-to-Date with Record High Reserves
Tether, the popular cryptocurrency company, has achieved a remarkable milestone by surpassing $7.7 billion in profit year-to-date, with record high reserves. In the third quarter alone, Tether reported a net profit of $2.5 billion,...
Tether Invests $3 Million in Kem to Boost USDT Adoption
Tether, the leading stablecoin issuer, recently made a strategic investment of $3 million in the Kem app to increase the adoption of its stablecoin USDT. This investment aims to help Tether reach new markets...
Tether’s Q3 Profits Reach $2.5B, Holds $100B in U.S. Treasuries
Tether, a popular stablecoin issuer, recently announced impressive profits of $2.5 billion in the third quarter of the year. This brings their total profits for the year to $7.7 billion, with the market capitalization...
The Impact of US Government Regulation on Tether: Insights from Paolo Ardoino
As crypto giant Tether faces increased scrutiny, CEO Paolo Ardoino shared with CoinDesk that the company is committed to complying with international sanctions and working closely with law enforcement. However, he acknowledged that Tether...
DOJ Probe of Tether Dampens Crypto Rally Hopes
Cryptocurrency prices took a hit during U.S. afternoon hours on Friday following reports of a Department of Justice (DOJ) probe into stablecoin issuer Tether for potential violations of sanctions and anti-money laundering regulations. Stablecoins...
Tether CEO Denies Ongoing Federal Probe in the US
Tether CEO, Paolo Ardoino, has recently denied the reports of an ongoing federal probe in the US. He stated that the Wall Street Journal is simply repeating old information and that Tether is not...
Revolutionizing Turkey’s Commodity Market with Boron-Backed Tokens
Tether, a stablecoin issuer, has put forth a groundbreaking proposal to transform Turkey's commodity trading market by introducing boron-backed digital tokens. Boron, a mineral that Turkey has a significant global reserve of, is crucial...
Tether CEO Expects U.S. to Catch Up in Crypto Regulation – Insights and Predictions
Tether's CEO, Paolo Ardoino, recently spoke at DC Fintech Week, emphasizing the importance of sensible crypto regulations in the U.S. He highlighted the role stablecoins play in providing financial stability to users around the...
Tether USDT Reaches 330 Million Wallets Amid Ethereum L2 and TON Network Expansion
Tether, the company behind the popular USDT stablecoin, has reached a significant milestone with 330 million wallets and accounts holding its digital asset by the end of the third quarter of 2024. This record...
