Tag Archives: tether

Tether Scoops $1 Billion In Bitcoin, Strengthening $10-B Stockpile

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According to Arkham, a wallet labeled “Tether: Bitcoin Reserves” received 8,889 Bitcoin in a single transfer from Bitfinex. The move added roughly $1 billion to Tether’s holdings and pushed the firm’s Bitcoin stash to about $9.8 billion based on the market price. It was one of the biggest single top-ups to its BTC balance this… Continue reading Tether Scoops $1 Billion In Bitcoin, Strengthening $10-B Stockpile→

SoftBank, Ark Invest Among Potential Investors In Tether’s $15 Billion Funding Round

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The industry’s largest stablecoin issuer, Tether (USDT), is reportedly in discussions with a series of leading firms including SoftBank Group and Ark Investment Management, for a significant funding round aimed at raising between $15 billion and $20 billion.  This capital influx could potentially value the company at an astonishing $500 billion. Bloomberg News first reported… Continue reading SoftBank, Ark Invest Among Potential Investors In Tether’s $15 Billion Funding Round→

Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

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Tether, the issuer of the world’s largest stablecoin by market capitalization and trading volume, USDT, is reportedly seeking to raise between $15 billion and $20 billion through a private placement, potentially elevating the company’s valuation to around $500 billion.  As recent reports highlighted on Tuesday, this ambitious financial maneuver could position Tether alongside some of… Continue reading Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans→

Ripple Carries Out Massive RLUSD Burns, What’s Going On?

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Ripple has carried out a series of large RLUSD burns in recent weeks to remove millions of the stablecoin from circulation. According to data from the RLUSD burn tracker @RL_Tracker, more than 2.7 million RLUSD were recently destroyed in a single transaction, the biggest burn in many weeks.  Ripple Burns Massive Amounts Of RLUSD Crypto… Continue reading Ripple Carries Out Massive RLUSD Burns, What’s Going On?→

Tether Unleashes $1 Billion In New USDT As Crypto Market Recovers

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Tether minted 1 billion in USDT on Wednesday, a move that market watchers say added fresh liquidity to crypto markets already moving higher. Based on reports, the total crypto market cap bounced from an intraday low near $3.80 trillion to about $3.90 trillion on the same day, while Bitcoin traded around $112,300 and Ether reclaimed… Continue reading Tether Unleashes $1 Billion In New USDT As Crypto Market Recovers→

Tether Stays On Top, But These Three Competitors Are Closing In On USDT

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The recent passage of the GENIUS Act introduced a new regulatory framework for stablecoins, such as Tether (USDT), drawing increasing attention from traditional and cryptocurrency firms. Tether’s Regulatory Challenges And Rising Rivals With the stablecoin market growing from $120 billion in October 2023 to $288 billion as of August, Tether’s USDT continues to hold its… Continue reading Tether Stays On Top, But These Three Competitors Are Closing In On USDT→

USDC Emerges As Top Pick In Booming Crypto Payroll Trend—Survey

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A growing number of workers are now getting paid in crypto. In 2023, just 3% of those surveyed said part of their salary arrived as digital tokens. By 2024, that share jumped to 9.6%. This shift comes as blockchain firms and DAOs explore new ways to handle cross-border pay. Reports have disclosed that purely fiat… Continue reading USDC Emerges As Top Pick In Booming Crypto Payroll Trend—Survey→

Tether Q2 Net Profit Hits $4.9 Billion, Pushing Total Earnings To $5.7 Billion

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Tether, the company behind the market’s largest stablecoin USDT, has announced major financial results for the second quarter (Q2) of the year, reporting a net profit of $4.9 billion.  Tether Achieves $5.7 Billion In Earnings For H1 2025 According to the report, this surge in profitability comes amid the issuance of over $13.4 billion in… Continue reading Tether Q2 Net Profit Hits $4.9 Billion, Pushing Total Earnings To $5.7 Billion→

Tether Investments Extend Beyond Bitcoin Amid Record Profits — Details

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Tether, the issuer of the world’s largest stablecoin USDT, has disclosed a portion of its investment portfolio, revealing an involvement in cryptocurrencies that extend beyond Bitcoin (BTC). The announcement comes as Tether reports record profits in 2024, which have been used to fund these strategic investments in more than 120 companies across multiple sectors.  Tether… Continue reading Tether Investments Extend Beyond Bitcoin Amid Record Profits — Details→

Tether Secret Swiss Vault: The $8 Billion Gold Reserve Behind The Stablecoin

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Tether Holdings, the issuer of the market’s largest stablecoin, USDT, has revealed that it maintains a vault in Switzerland to safeguard an impressive $8 billion stockpile of gold.  According to Bloomberg, the firm’s significant reserve of nearly 80 tons positions Tether as one of the largest gold holders globally, surpassed only by central banks and… Continue reading Tether Secret Swiss Vault: The $8 Billion Gold Reserve Behind The Stablecoin→