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.

Tether, the issuer of the world's largest stablecoin, USDT, has announced a $775 million investment into Rumble, a video-sharing platform and cloud services provider. This strategic move has sent Rumble stock soaring by 44.6% in aftermarket trading.

The EU's imminent crypto regulations are raising alarms about potential disruptions to market liquidity as exchanges prepare to comply with new requirements under the Markets in Cryptoassets (MiCA) framework, Bloomberg News reported on Dec. 20. The rules, set to take full effect on Dec.

Tether Limited is set to invest $775 million in video-sharing platform Rumble as part of a strategic partnership aimed at boosting decentralization efforts, according to a Dec. 20 press release. The news caused a sharp spike in Rumble's stock, which surged in after-hours trading, climbing 35.89% to $9.

Rumble partners with Tether in a $775M deal, sparking speculation on future crypto payment integrations. The post Rumble secures $775 million investment from Tether appeared first on Crypto Briefing.

Last month, the YouTube alternative announced it would allocate up to $20 million of its excess cash reserves to bitcoin.

Video sharing platform and cloud services provider Rumble said on Friday it has entered into an agreement with Tether, a blockchain-enabled platform, to receive a strategic investment of $775 million.

Tether Takes $775M Stake in Video-Sharing Platform Rumble

Tether, the company behind crypto's $140 billion stablecoin USDT, may expand its artificial intelligence by early 2025

The company, known for its $140 billion U.S. dollar stablecoin USDT, has made significant efforts to expand beyond its stablecoin operations this year.

Paolo Ardoino, the CEO of USDT parent company Tether Holdings Ltd, has revealed the latest details regarding the firm's Artificial Intelligence (AI) pivot. Taking to the social media platform X, Ardoino said he has received the draft of the site for the Tether AI platform.

In anticipation of the EU's looming Markets in Crypto Assets (MiCA) regulations, European exchanges are delisting Tether (USDT) en masse. This may severely hinder the EU market's ability to capitalize on the crypto bull market.

Solana surged 200% to $216 in 2024, while USDT's role in DeFi and real-world assets signals further growth ahead. The post BTC went viral in 2024.

In preparation for MiCA, several European exchanges have delisted Tether's USDT stablecoin, pushing crypto investors to increasingly rely on the Euro for transactions.

Tether's $40 million daily inflows indicate rising investor confidence in Bitcoin.

Strike is expanding to Australia, Chile, Colombia, Costa Rica, the Philippines, South Africa, South Korea, and the UAE. This expansion makes it easier for users in these regions to access and manage USDT.

South Korea appeared to be moving towards an economic crisis, especially as the KRW whales shifted their focus towards the USDT stablecoin. Notably, with the South Korean won (KRW) hitting a 15-year low against the dollar, concerns about a looming financial crisis have intensified.

On-chain data shows a massive amount of the stablecoin USDT has been moving to exchanges recently, potentially acting as fuel for the Bitcoin and wider cryptocurrency rally. USDT Exchange Inflows Have Remained High Recently In a new post on X, the on-chain analytics firm Santiment discussed the trend in the Exchange Flow Balance for Tether's USDT.

Stablecoin inflows of Tether have been key in driving upward momentum, supporting the over two-month crypto bull market.

XRP has recently surpassed Tether (USDT) to reclaim its spot as the third-largest crypto by market cap, following Bitcoin and Ethereum. Meanwhile, this sudden rise follows the global launch of Ripple's new stablecoin, RLUSD. As a result, XRP's market cap now stands at $147 billion, surpassing USDT's market cap of $140.5 billion.

According to its blog post, this move highlights Tether's commitment to the European market. It also shows support for fully regulated stablecoins like StablR's EURR and USDR.

Tether, the issuer of the world's largest stablecoin by market cap, announced on Dec. 17 that it is investing in Malta-based stablecoin firm StablR.

Tether's investment in StablR, euro-backed stablecoins, is to expand stablecoin usage in Europe ahead of the EU's 2024 digital asset regulations, making stablecoins like EURR and USDR more accessible and compliant with the new rules. Tether has invested strategically in StablR, a European startup focused on euro-denominated stablecoins.

TRON surged past dips in mid-2024 to achieve a record-breaking USDT transfer volume in November as stablecoin demand grew globally.

TL;DR Tether invests in StablR, a European stablecoin issuer that complies with the MiCA framework regulations, which comes into effect on December 30, 2024. The investment is part of the company's strategy to align with MiCA without modifying its own stablecoin, USDT, which does not meet all the requirements.

Tether has strategically invested in the European stablecoin issuer StablR, which operates the euro-backed StablR Euro (EURR) and USD-pegged StablR USD (USDR).

This collaboration aims to drive stablecoin adoption in Europe by leveraging StablR's regional expertise and Tether's new tokenization platform, Hadron. The post Tether Backs Euro Stablecoin Startup StablR in Its European Expansion Bid appeared first on Cryptonews.

Tether, the company behind the USDT stablecoin, made an investment in the European firm StablR. The investment comes as the European Union prepares to implement the Markets in Crypto-Assets regulatory framework on December 30, 2024.

Binance, Crypto.com, Kraken and other crypto exchanges continue to list Tether's USDT on their EU platforms weeks before the final MiCA deadline on Dec. 30.

Tether invests in StablR to enhance European stablecoin adoption and liquidity.

Tether, in a latest statement, has revealed that it has invested in StablR, the European stablecoin provider, which seeks to accelerate adoption in the region. Notably, the StablR issues euro and U.S.

Tether e StablR join forces: reliable solutions for the European digital economy

Tether invests in European stablecoin issuer StablR as Europe's MiCA rules approach implementation later this month. The move indicates an effort to navigate regulatory conditions that require fully compliant stablecoin issuance within European markets.

Tether, the issuer of the world's largest stablecoin by market cap, will provide its tokenization tech to Malta-based stablecoin firm StablR.

Tether's investment in StablR could accelerate stablecoin integration in Europe, potentially reshaping the region's digital finance landscape. The post Tether invests in StablR to boost stablecoin adoption in Europe appeared first on Crypto Briefing.

Tether has invested in StablR, a European stablecoin provider, as part of its strategy to bolster digital asset adoption in the EU.

The crypto company behind USDT, the largest stablecoin, decided to shutter its own euro-pegged stablecoin and back smaller issuers that comply with the EU's MiCA regulations.

Warsaw, Poland, 17th December 2024, Chainwire

Ripples RLUSD stablecoin, backed by U.S. dollar deposits and operating on both Ethereum and XRP Ledger, enters the market as a competitor to USDC and USDT. With regulatory trust and global expansion plans, RLUSD targets institutional adoption for payments and liquidity.

The market valuation of tether (USDT) has now ballooned to a staggering $140 billion. On Dec. 16, this stablecoin's market cap makes up 3.75% of the colossal $3.73 trillion crypto universe.