Traditional banks such as Societe Generale, Standard Chartered, and Revolut are now reaching for a slice of Tether's dominance of the stablecoin market. The opportunity became especially apparent after Tether's decision to discontinue its EURt stablecoin.
TRON has become a standout blockchain in the cryptocurrency space, recently hitting remarkable milestones in transaction fees and USDT (Tether) activity. As the blockchain ecosystem continues to expand, these key metrics are not only reflecting growing adoption but also highlighting the increasing involvement of institutional investors in TRON's ecosystem.
The TRON blockchain has been making significant strides in the cryptocurrency market, recording a notable increase in network fees and transaction activity. Particularly, over the past year, the TRON network has consistently demonstrated growth across multiple key metrics, reflecting increased adoption and participation from larger players in the digital asset market.
Several big stories and developments have occurred in the crypto space this week, including rumors of a presidential pardon for FTX's Sam Bankman-Fried, EU exchanges delisting Tether's USDT, and Ripple donating $5 million to Trump's Inauguration.
Stablecoin issuer Tether has made a novel venture capital fund investment into an Arcanum Capital fund dedicated to supporting decentralized technologies.
As MiCA regulations impact stablecoins in the EU, questions arise about USDT's compliance and potential market effects. The post Tether grapples with new FUD as MiCA regulations take effect on Dec. 30 appeared first on Crypto Briefing.
Missing compliance deadlines, USDT raises concerns about liquidity and transaction costs. Criticism of USDT rises over audit practices and halted coin minting.
At a time when Donald Trump promised to make America the crypto head, Europe followed a different path with the Tether Ban. Tether (USDT) is the biggest stablecoin, and it is considered ideal for crypto transactions due to its value being pegged to the dollar.
While the EU's cryptocurrency regulations are poised to take full effect in just a few days, there's still significant uncertainty about Tether's USDt stablecoin. Recently, crypto exchange Coinbase delisted Tether's USDT in mid-December citing compliance with the EU's MiCA regulations.
While MiCA's implementation phase is ending on Dec. 30, 2024, there is also a transitional 18-month phase in MiCA's total 36-month timeline.
Tether, the world's largest stablecoin issuer, is looking to diversify its operations and broaden its influence in Web3 technology. The company has made a $2 million injection into Arcanum Capital's Emerging Technologies Fund II, signaling its commitment to advancing Web3 projects.
Tether has made its first dive into the world of venture capital by injecting $2 million into Arcanum Capital's fund, which focuses on developing blockchain-based Web3 projects.
Tether has made its first foray into venture capital by investing $2 million in Arcanum Capital's Arcanum Emerging Technologies Fund II. The post Tether Makes First VC Investment, Pouring $2M in Arcanum's Web3 Fund appeared first on Cryptonews.
"We are passionate about backing technologies that will prevent censorship and things being shut down," James McDowall told Cointelegraph.
TL;DR The relationship between Tether (USDT) and the Trump administration has raised concerns about its impact on global financial stability, according to Bloomberg. Despite controversies and links to illicit activities, USDT remains the most widely used stablecoin, with a transaction volume exceeding $4.6 trillion in November 2024.
Bitcoin has recently experienced mixed market movements, with analysts closely monitoring on-chain data to understand the short-term trajectory of the leading cryptocurrency. On-chain metrics indicate a notable shift in exchange activity, with Tether (USDT) seeing significant outflows while Bitcoin (BTC) inflows into exchanges remain elevated.
Argentine authorities have frozen $3.5 million in USDT linked to the Rainbowex Ponzi scheme, which defrauded thousands of investors, following extensive investigations that led to multiple arrests and international warrants. The post Argentina Freezes $3.5M USDT Linked to Rainbowex Ponzi Scheme: Report appeared first on Cryptonews.
Tether, a global fintech company and issuer of the largest stablecoin, USDT, will be searching for new use cases for crypto in the real-world segment. Also, together with partners, Tether will be moving toward new accomplishments in other types of "core freedoom tech," following a strategic investment in Rumble.
A court in Argentina has ordered the seizure of a crypto wallet containing $3.5 million in Tether's USDT stablecoin. The Argentine Justice Department has taken control of a $3.
The Argentine justice system has ordered Tether, the issuer of the USDT stablecoin, to freeze over $3.5 million linked to Rainbowex, an alleged mega pyramid operation that is currently under investigation. The request comes after the execution of 22 search warrants and the detention of 10 individuals connected with these operations.
Tether is on track to end 2024 with over $10 billion in net profits with the company investing more than half of it this year.
Tether, the issuer of the largest stablecoin by market cap, is announcing a $775 million investment into YouTube alternative Rumble.
Tether, the issuer of the world's largest stablecoin USDT, is on track to close 2024 with a net profit of $10 billion, Bloomberg quotes the company CEO Paolo Ardoino. Tether's investments have shown that it is ready to invest hundreds of millions of dollars in projects other than cryptocurrency.
Tether has made a significant move by investing $775 million in Rumble, a rising video-sharing platform and cloud service provider.
Tether invests $775 million in video-sharing platform Rumble to support free speech and financial innovation while collaborating on crypto payment and cloud solutions.
TL;DR Tether is set to launch a new AI platform in Q1 2025, marking a significant step in its diversification strategy and aiming to integrate AI technology with its financial services. Under CEO Paolo Ardoino's leadership, Tether has been expanding beyond stablecoins, investing in sectors like energy, payments, telecommunications, and AI.
The expansion of Tether beyond stablecoins: investments in energy, payments, and advanced technology.
Stablecoin company and USDT issuer Tether is reportedly planning to venture into the artificial intelligence (AI) space. Tether CEO Paolo Ardoino is unveiling Tether's vision to launch a platform that will enable people to interact with artificial intelligence using their mobile phones, reports Bloomberg.
Video-sharing platform Rumble (Nasdaq: RUM) says it has signed a strategic partnership with Tether (USDT), as part of which it will receive $775 million from the stablecoin issuer. The investment involves Tether purchasing 103.33 million shares of Rumble's Class A common stock at $7.50 per share.
Tether Holdings expects to make over $10 billion in profits for 2024, by the growing demand for its stablecoin, USDT.
The European Union is about to take a major step in regulating cryptocurrencies with the imminent entry into force of the MiCA (Markets in Crypto-Assets) rules. This initiative, praised by some as a step towards better transparency and an increased fight against financial abuses, however, triggers intense concerns among industry players.
Tether is investing $775 million in Rumble, a free speech video platform. This big move could help Rumble grow.
Tether has invested $775 million in Rumble, YouTube's closest competitor. The agreement will see Tether benefiting from adverts and other packages.
Tether, the issuer of the largest stablecoin USDT, announced its investment in Rumble, a flagship video sharing platform and cloud service provider. Out of a whopping $775 million invested, $250 million will immediately fuel Rumble's growth initiatives.
Tether, the global leader in the stablecoin market, has strategically committed $775 million to Rumble, a rising video-sharing platform that positions itself as a decentralized alternative to YouTube.
Tether has made a $775 million investment in Rumble, a video-sharing platform known for championing free speech and offering an alternative to YouTube. The post Tether Invests $775M in Rumble, Backing YouTube Alternative Boasting Free Speech appeared first on Cryptonews.
Tether appears to have now been affected by regulatory adjustment in Europe. Particularly, with the EU's new Markets in Crypto-Assets (MiCA) regulations scheduled to fully take effect in its member states by the end of the year, the crypto landscape is being reshaped.
Tether CEO Paolo Ardoino has disclosed big plans for the company as the stablecoin issuer is on the path to achieving a $10 billion profit in 2024. Amid a strong surge in Bitcoin and the broader crypto market, the demand for its native stablecoin USDT has skyrocketed with its market cap soaring more than 50%
Tether's 2024 profits surpass $10 billion, driven by USDT demand and investments. Rumble shares soared 43.7% after Tether's investment announcement.
Tether net profits in 2024 surpass $10 billion, fueled by strong demand for its USDT stablecoin.
Tether, the company behind the world's largest stablecoin, USDT, is making headlines with a series of bold business moves. From a $775 million investment in the YouTube-alternative platform Rumble to its plans to step into artificial intelligence (AI) by 2025, Tether is diversifying far beyond its stablecoin roots.
Rumble secured a $775 million Tether investment, with $250 million allocated for operations and the rest for a tender offer of up to 70 million shares at $7.50 per share.
Tether has announced a $775 million strategic investment with video sharing platform Rumble just weeks after the platform announced it would be adding Bitcoin to its balance sheet.
Tether has invested $775 million into video sharing platform Rumble just weeks after the platform announced it would be adding Bitcoin to its balance sheet.
Rumble, the video-sharing platform and cloud services provider has just inked a $775 million deal with Tether, the heavyweight of stablecoins. This blockbuster investment signals a partnership between two giants, both devoted to championing decentralization and the freedom of speech. Rumble Gains $775 Million Backing from Tether As revealed in a statement to Bitcoin.
Stablecoin issuer Tether has committed $775 million to rising streaming video platform Rumble, which has adopted a Bitcoin reserve strategy.