Bitcoin Price Recoils After Bombshell Report DOJ Is Investigating Tether Over Possible Money Laundering Violations

According to a Friday report, the United States Justice Department has launched a criminal investigation into stablecoin issuer Tether. The probe is reportedly meant to determine whether the company violated anti-money laundering rules and sanctions.

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Tether In The Hot Seat: US Federal Inquiry Into Potential Sanctions And AML Violations

Cryptocurrency company Tether is currently under federal investigation for possible sanctions and anti-money laundering (AML) violations, according to the Wall Street Journal.  The criminal inquiry, led by prosecutors from the Manhattan US Attorney’s Office, is examining whether Tether’s stablecoin USDT has been utilized by third parties to fund illicit activities, including drug trafficking, terrorism, and […]

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Tether CEO denies reports as US probes and weighs sanctions

Tether CEO Paolo Ardoino denied reports of lawmakers investigating the major cryptocurrency company over potential violations of anti-money-laundering and sanctions laws. The reported investigation, led by Manhattan prosecutors, focuses on whether Tether’s cryptocurrency (USDT) has been used to fund illegal…

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Tether pitches boron tokens on blockchain to Turkey’s officials: report

Tether is seeking to introduce blockchain technology to Turkey’s boron industry by tokenizing the mineral for broader adoption. Stablecoin issuer Tether (USDT) is proposing a plan to digitize Turkey‘s boron market using blockchain technology, as the company seeks to expand…

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Tether  pushing dollar supremacy in emerging markets: Ardoino

Tether’s boss reiterated the stablecoin issuer’s interest in providing U.S. dollars to the unbanked billions worldwide and expressed expectations for favorable regulations. Tether (USDT) CEO Paolo Ardoino told DC Fintech Week attendees that the company sees U.S. crypto regulation improving…

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Tether-backed Northern Data explores sale of crypto mining arm to boost AI growth

Northern Data AG is exploring the sale of its Peak Mining unit to refocus on artificial intelligence solutions. Northern Data, a German-listed crypto and artificial intelligence infrastructure company backed by stablecoin issuer Tether, announced on Monday that it is exploring…

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USDT Popularity Soars As Tether Adds Over 36 Million Users in Q3 2024

Tether’s USDT, the largest crypto stablecoin, recently celebrated its 10th year in the industry. The company’s growth has been impressive, thanks to its steady user base, holdings that include $97 billion in US government bonds, and its plans to partner with US law enforcement agencies to strengthen its brand.

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Tether user base hits 350M in 2024 following 24% surge

The news comes amid the company’s 10-year anniversary celebration.

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Tether teases USDT documentary on 10th anniversary

Tether CEO Paolo Ardoino said in an X post that the company will continue to bring financial inclusion to people who are “left behind.”

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Coinbase’s MiCA alignment in Europe to cause controversial delisting of major stablecoins like Tether’s USDT

Coinbase plans to remove all non-compliant stablecoins from its platform in the European Economic Area (EEA) by the end of the year. This move aligns with the company’s efforts to adhere to the European Union’s upcoming Markets in Crypto-Assets (MiCA) regulations.

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Robinhood And Revolut Consider Entering The $170 Million Stablecoin Market – Report

According to a Bloomberg report, crypto trading platform Robinhood and financial technology company Revolut are exploring the launch of their own stablecoins. The potential move from Robinhood and Revolut comes amid growing pressure from regulators in Europe, which could loosen the dominance of Tether, the largest stablecoin issuer in the market. Tether And Circle Prepare […]

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Tether invests $1.5 million in Sorted Wallet

Tether announced its $1. 5 million strategic investment in Sorted Wallet on Sept. 19. Sorted Wallet will tap into this investment to expand its services across Africa and Southeast Asia. Tether is the company behind leading stablecoin USDT.

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Alchemy Pay partners with Tether and Tether Gold for zero ramp fee

In a groundbreaking development in the world of cryptocurrency payments, Alchemy Pay (ACH) has announced another exclusive partnership with Tether and Tether Gold. The announcement was shared via Alchemy Pay’s official X account, where the company expressed its excitement about the partnership.

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Tether Opts Out of Blockchain Race Citing Market Saturation

Tether avoids blockchain creation, viewing blockchains as commodities. The company focuses on security and expansion into AI, biotech, and telecoms. The post Tether Opts Out of Blockchain Race Citing Market Saturation appeared first on BeInCrypto.

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Tether commits $3m to expand USDT in the Middle East

Tether Operations Limited has announced a $3 million strategic investment in Kem, a financial management app that aims to improve financial inclusion across the Middle East.  Tether’s $3 million investment comes as the company aims to promote the adoption of…

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Tether to Fight Celsius' $3.3 Billion 'Shakedown' Litigation

Tether, the company behind USDT, the world's largest stablecoin by market cap, said it will defend itself from "shakedown" litigation brought by bankrupt crypto lender Celsius on Friday.

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Tether’s blockchain education initiative reaches Ivory Coast

Tether has partnered with the Africa Blockchain Institute, a Rwanda-based blockchain think tank, to expand the crypto company’s educational initiative to Ivory Coast. According to a news release on Aug.

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Tether Nets $5B Profits This Year, Says Its U.S. Debt Holdings Surpassed Germany's

The company said its $97 billion exposure to U.S. Treasuries would put it 18th in the ranking among countries.

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Tether profits hit $5.2b in H1 2024, new record

USDT issuer Tether disclosed net profits of $1.3 billion in the second quarter of the year, adding to the $4.5 billion generated in Q1 to set a new record. Tether’s (USDT) second quarterly attestation reported that the company hit $5.2…

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Tether CEO warns MiCA stablecoin rules could pose ‘systemic risks’ to EU banks

Tether chief executive Paolo Ardoino is alarmed that Europe’s MiCA regulations on stablecoins, due to excessive cash reserves requirements, could pose systemic risks to banks. Paolo Ardoino, the chief executive of the company behind the largest stablecoin by market capitalization,…

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Plaintiffs renewed the lawsuit against Tether and Bitfinex once again

Another lawsuit has been filed against the Tether stablecoin issuer and the Bitfinex crypto exchange. The plaintiffs changed and again filed a lawsuit against Tether and Bitfinex, accusing the company of manipulating the price of Bitcoin (BTC) and other digital…

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Tether Debuts New 'Synthetic' Dollar Backed by Tokenized Gold in Tokenization Push

Users can mint new tokens using the company's new Alloy platform, which will be part of Tether's upcoming tokenization venture, CEO Paolo Ardoino said.

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Bitcoin is the only decentralized currency, Tether CEO says

The CEO of the company behind the world’s largest stablecoin, Tether (USDT), believes that Bitcoin is the only unstoppable cryptocurrency.

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Tether to reveal new product line as part of $1 billion investment strategy

Tether CEO Paolo Ardoino revealed that the company would launch a new class of digital asset products on June 17. He wrote on social media platform X: “After a year of hard work, Tether will unveil its new class of digital assets products on Monday 17th June.

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Tether Unveils $1 Billion Warchest For Deals And Investments In Key Markets

Stablecoin issuer Tether and its investment arm, Tether Investments, have revealed their intention to allocate more than $1 billion to various investment opportunities over the next 12 months.  According to a Bloomberg report, Paolo Ardoino, Chief Executive Officer behind the USDT stablecoin, shared insights into the company’s next investment strategies and areas of focus in […]

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Bitcoin Miner Bitdeer to Buy ASIC Chip Designer Desiweminer for $140M in All-Stock Deal

Bitdeer received an investment worth $150 million from stablecoin company Tether at the end of last month.

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Tether Buys $100M Worth of Bitdeer Shares With Option to Purchase $50M More

Bitdeer intends to use the proceeds to fund its data center expansion and ASIC-based mining rig development, the Singapore-based company said.

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Kraken denies plans to delist USDT in EU

A Kraken executive denied the exchange plans to delist Tether’s USDT stablecoin in Europe on May 18. Global Head of Asset Growth & Management Business Mark Greenberg said the company is examining “all options to offer USDT under the upcoming regime.

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Update: Kraken says no plans to delist USDT in Europe

Kraken is exploring all options to continue offering USDT for EU customers. Mark Greenberg, Kraken’s Global Head of Asset Growth and Management, confirmed this via a post on X. Kraken is not looking to end support for Tether (USDT) in the European Union, a company official has confirmed.

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Kraken considers delisting USDT in Europe due to MiCA rules

Kraken could drop EU support for Tether’s USDT stablecoin, Bloomberg reported on May 17. Kraken Global Head of Regulatory Strategy Marcus Hughes said the company is planning for circumstances in which it is “not tenable to list specific tokens such as USDT.

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Tether expands in UAE, partners with RAK DAO

The USDT stablecoin issuing company, Tether, has partnered with RAK Digital Assets Oasis.

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Tether CEO slams Ripple chief’s USDT remarks: Here’s what he said

Tether CEO Paolo Ardoino has slammed Ripple CEO Brad Garlinghouse’s remarks that the US government is “going after” Tether (USDT) as mere “FUD.” The Tether CEO also hit back at Garlinghouse as a CEO at the helm of a company currently under investigation by the US Securities and Exchange Commission (SEC). UDST is the world’s […]

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Tether’s Ardoino says ‘uninformed CEO’ spreads FUD about USDT

Tether CEO Paolo Ardoino says an uninformed executive behind a company being investigated by the SEC is being reported “spreading fear about USDT.” Tether boss Paolo Ardoino said in a recent post on X that an “uninformed CEO” is allegedly…

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Tether CEO fires back at accusations about company solvency

Tether CEO Paolo Ardoino responded to Deutsche Bank analysts' questions about the company's solvency and the stability of its USDT stablecoin.

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Tether Enters Transaction Surveillance Partnership with Chainalysis as Regulatory Pressure Mounts

The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said.

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Tether invests $200 million to reach ‘ultimate’ goal of putting computers in people’s brain

Tether, the largest company in the digital asset industry, has announced a strategic investment of $200 million into Blackrock Neurotech, a leading pioneer in Brain-Computer-Interface (BCI) technology.

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Tether invests $200 million in biotech firm Blackrock Neurotech

Tether has announced a $200 million investment in Blackrock Neurotech, a leading Brain-Computer-Interface (BCI) technology company. The strategic investment, completed via Tether’s newly-launched venture unit Tether Evo, means the stablecoin issuer is now the majority stakeholder in Blackrock Neurotech, according to details in a press release.

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Tether Buys $200M Majority Stake in Brain-Computer Interface Company Blackrock Neurotech

The investment will fund the roll-out and commercialization of the company's medical devices.

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Venezuela Turns To Crypto For Oil Sales To Evade Fresh Round Of U.S. Sanctions

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USDT move by Venezuela’s PDVSA triggers freezing threats from Tether

Venezuela’s state-run oil company, PDVSA, has been hit with a harsh response from Tether, the issuer of the USDT stablecoin. Amidst efforts to bypass oil sanctions imposed by the United States, PDVSA reportedly turned to crypto, particularly USDT, to facilitate its crude oil and fuel exports.

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Venezuela reportedly turns to USDT for oil export as US sanctions bite

Venezuela’s state-run oil company PDVSA is allegedly set to increase crypto usage in its crude and fuel exports as the U.S. strengthens oil sanctions against the country. Venezuela‘s PDVSA, the world’s fifth largest oil exporter, is turning to stablecoin Tether…

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Venezuela Looks to Tether to Bypass Sanctions: Reuters

Venezuela's state-run oil company started experimenting with Tether in 2023.

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Mercuryo announces fiat-to-crypto on-ramp services for Tether on TON

Mercuryo, a global payments company, has partnered with TON to introduce fiat-to-crypto conversion services for USDT.

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Tether Splits Into Four Divisions, Eyes Expansion Beyond Stablecoins

Tether, the company behind the USDT stablecoin, has announced a significant reorganization and expansion strategy aimed at transcending its flagship product. This move introduces four distinct business divisions—Data, Finance, Power, and Edu—with a focus on broadening its influence and applications in various sectors of technology and finance.

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Tether Reorganizes Into 4 Divisions as It Expands Beyond Stablecoins

The company has formed four divisions to reflect its broadening focus: Data, Finance, Power and Edu(cation).

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Tether joins forces with Fuze for educational venture in Turkey and MENA

Stablecoin issuer Tether is teaming up with Fuze to educate individuals and financial institutions in Turkey and the Middle East about crypto. Tether, the company behind the largest stablecoin by market value, has signed a Memorandum of Understanding (MOU) with…

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Ripple, Developer Behind XRP Ledger, Enters Stablecoin Fray vs. Tether, USDC

The token will be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents." according to the company.

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Tether Grants BTCPay Server $100,000 To Continue Working On Enabling Anyone To Accept Bitcoin

Tether said this donation further underscores the company’s support for the FOSS movement.

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Tether enters AI race with pledge to build open-source LMMs to combat Big Tech

Tether, the company behind the world’s largest stablecoin USDT, has announced a strategic expansion into artificial intelligence, as reported by the company on March 26. With a market cap of $104 billion, Tether aims to lead the development of open-source, multimodal AI models and integrate AI solutions into market-driven products.

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