Key Takeaways On August 21, USDT stablecoin issuer Tether, announced a new venture to launch a stablecoin pegged to the United Arab Emirates Dirham (AED). This initiative is being undertaken in partnership with Phoenix Group PLC, an Abu Dhabi Securities…
Key Takeaways Rho Markets, a liquidity layer and lending protocol on Scroll, suffered a major exploit resulting in the loss of over $7.6 million worth of USD Coin (USDC) and USDT. The breach occurred after a malicious actor gained access…
Key Takeaways USDT Stablecoin issuer Tether Holdings Ltd. has acquired a $100 million stake in Bitdeer Technologies Group, the US-listed Bitcoin mining firm of Chinese billionaire Jihan Wu. As per the official announcement, the private placement includes 18,587,360 Class A…
Key Takeaways Cryptocurrency exchange Kraken has stated that it has no plans” to delist Tether (USDT) in Europe . This development comes amid reports surfacing that the firm was “actively reviewing” the decision to remain legally compliant with MiCA. Mark…
Key Takeaways Tether has hit out at Deutsche Bank over its report claiming that most stablecoins, including Tether’s USDT, are likely to face ‘significant turbulence’ and fail owing to a lack of transparency and vulnerability to speculative sentiment. “While some…
Tether has responded to a report by the UN that purportedly showed their stablecoin's involvement in illegal activities.
Key Takeaways In a strategic move, Circle, the issuer of the USDC stablecoin, has announced the discontinuation of support for consumer Circle Mint accounts. This decision signifies a significant shift towards institutional-focused operations, bringing it closer to the practices of…
After losing the support of its banking partner, Binance asked users to switch their euros to Tether before the end of October.
Key takeaways: Tether, the world’s largest stablecoin issuer, has recently made an exciting announcement that has garnered significant attention within the cryptocurrency community. Tether is set to launch its USD₮ stablecoin on the Kava platform, opening up new avenues for…
recent revelations about Tether's involvement in a staggering $11.6 billion surge in mortgage loans over a span of just two years have sent shockwaves through the industry.
