Tether Invests $2m Into Arcanum Capital Fund II
Tether has made its first foray into the venture capital industry by contributing $2 million to Arcanum Capital fund, which focuses on creating blockchain-based Web3 products. A recent news release claims that Arcanum Capital’s Arcanum Emerging Technologies Fund II has seen $2 million invested in the venture capital field by Tether, a significant stablecoin issuer. […]
USDT Operator Tether Hints AI Plan in 2025
Tether, which created the $140 billion stablecoin USDT, intends to enter the artificial intelligence space by early 2025. In an effort to broaden its business emphasis beyond U.S. dollar-pegged stablecoins, Tether CEO Paolo Ardoino announced on X that the company plans to deploy its AI platform in the first quarter of next year. Since its […]
Tether Halts EURT Stablecoin, Here’s Why
Tether discontinues EURT and urges redemption by November 27, 2025, instead focusing on MiCA-compliant EURQ and USDQ stablecoins with Hadron platform. Tether, the leading stablecoin provider, has announced it will discontinue support for its euro-backed stablecoin EURT, with redemption available until November 27, 2025. The company revealed that it stopped minting EURT in 2022, emphasizing that […]
Swan Bitcoin Files Lawsuit Against Its Lawyers
Swan Bitcoin has sued former employees. It alleges that it received assistance from Tether and is now accusing its law firm of misconduct for accepting the stablecoin issuer as a client. Swan Bitcoin , a financial services company, has filed a lawsuit against Gibson, Dunn & Crutcher, a law firm that it continues to retain, […]
Tether Reports $2.5B Q3 Profit, Totaling $7.7B in 2024
Tether’s earnings were driven by demand for USDT and returns from U.S. Treasury bonds. The stablecoin issuer Tether has produced another quarter of record-breaking earnings, reporting a total of $2.5 billion in profits for the third quarter of 2024. The attestation report from October of this year estimates the company’s consolidated profit in 2024 to […]