UAE Central Bank Grants Approval to AED Stablecoin
The Central Bank of the United Arab Emirates (CBUAE) has granted in-principle approval to AED Stablecoin under its Payment Token Service Regulation framework. AED Stablecoin is now a leading contender in the competition to become the first issuer of a regulated dirham-pegged stablecoin in the UAE, following the preliminary license approval. The recent release of […]
FBI Recovers $6M from Crypto Scammers Targeting US Citizens
Authorities have confiscated over $6 million in crypto from wallets associated with Southeast Asia-based Crypto scammers. The US Attorney’s Office for the District of Columbia reported on Sept. 26 that the deception resulted in “one or more individuals” losing millions of dollars after believing they were investing in legitimate crypto enterprises. The FBI traced the […]
Tether Recruits Head Of Government Affairs From PayPal
Following a three-year tenure at PayPal, Jesse Spiro will assume the role of director of government affairs at Tether, a stablecoin issuer. In his capacity at Tether , Jesse Spiro expressed his intention to collaborate with legislators and industry leaders to foster the ecosystem’s expansion. Tether Onboards Former Paypal Jesse Spiro Tether announced in a […]
Tether Invests $100M in Latam Agri Giant Adecoagro
Tether, the issuer of USDT, has invested $100 million to acquire a 9.8% stake in Latin American agricultural giant Adecoagro, diversifying into the agricultural and food sectors. Tether, the USDT stablecoin issuer, has acquired 9.8% of Adecoagro, a Latin American agricultural behemoth. The company invested $100 million in the agricultural and food sectors to diversify […]
Tether Partners with Reku to Foster Crypto Literacy in Indonesia
Tether and the Reku cryptocurrency exchange are conducting a roadshow to teach people about cryptocurrencies in Indonesia’s major cities. Together with Indonesian cryptocurrency exchange Reku, stablecoin issuer Tether launched a national education campaign to improve crypto literacy in the nation. According to a press statement on September 4, the combined effort will include a roadshow […]