Tether to Launch USDT on Aptos
Tether is launching USDT on the Aptos blockchain, strengthening Aptos by bridging crypto assets with fiat. On Tuesday, Aptos (APT) disclosed that Tether is introducing its USDT stablecoin on the Aptos blockchain. This action is advantageous for Aptos, as stablecoins like USDT serve as intermediaries between crypto assets and fiat currencies. Additionally, the price action […]
Tether Commits $3m to Expand USDT in Middle East
Tether Operations Limited invested $3 million in Kem, a financial management app, to improve Middle Eastern financial inclusion. With its $3 million investment, Tether hopes to encourage the region’s use of its stablecoin and expand its access to financial services. Through this collaboration, Tether’s stablecoin USDT will be made available on the Kem platform to […]
Celsius Exchange Sues Tether For $3.5B Over BTC Bond Selloff
Celsius exchange has sued Tether, alleging misappropriation of holdings and requesting nearly $3.5B in BTC returns and legal fees. The assets in issue were provided to Tether as collateral. According to Tether, Celsius exchange requests the recovery of approximately $2.4 billion BTC in its lawsuit. Nevertheless, Celsius has requested relief from the court in the […]
Celsius Sues Tether to Recover $2B in Bitcoin Fraud
Celsius argues that Tether sold the Bitcoin at a low price and violated contract terms, exacerbating their bankruptcy. Celsius Network Ltd. has filed a lawsuit against Tether and its affiliated organizations. According to the allegations made in the lawsuit, the USDT issued today carried out “fraudulent” and “preferential” transfers of Bitcoin (BTC) totaling more than […]
Tether Plans to Double Workforce to 200 by Mid-2025
Tether aims to double its workforce to 200 by mid-2025, focusing on expanding its compliance team, according to CEO Paolo Ardoino. Tether, the world’s largest stablecoin issuer, is reportedly intending to double the size of its workforce by mid-2025, with a particular emphasis on its compliance team. Tether Holdings Ltd., the issuer of the USDT […]