Tether Launches New Synthetic Dollar Backed by Gold
Stablecoin issuer Tether has unveiled a new asset class backed by Tether Gold in an effort to improve value consistency and stability. Tether is adding a new asset class to its stablecoin lineup to improve stability in the digital economy by fusing the qualities of a stable unit of account with the security of gold. […]
Tether CEO Discusses USDT Impact on Dollar Demand
Tether’s Paolo Ardoino addresses the role of USDT in increasing global dollar demand and its regulatory compliance. In a statement on X (formerly Twitter), Paolo Ardoino, CEO of Tether, emphasized the critical role of the USDT stablecoin in increasing the global demand for U.S. dollars. Ardoino underscored that Tether services more than 300 million individuals globally, […]
Tether Invests over $18m in Cross-Border Exchange Startup XREX
Tether has contributed $18.75 million to the cross-border payments firm XREX to enhance the use cases of USDT-based payments in developing nations. In order to increase the amount of stablecoin cross-border business-to-business (B2B) payments made in emerging economies, Tether, the company that issues the USDT stablecoin, has contributed close to $19 million to XREX, a […]
Kraken Denies Plans to Delist Tether in Europe
Kraken reaffirms support for Tether (USDT) in Europe amid regulatory changes, clarifying delisting possibilities. Kraken, a well-known cryptocurrency exchange, has issued a clear statement rejecting any intention of delisting Tether (USDT) in Europe. The crypto community is becoming increasingly concerned about the regulatory compliance and stability of widely utilised stablecoins, including Tether, at the time […]
Tether Invests in CityPay.io for Eastern Europe Expansion
Tether has declared it will invest in a payment service in Georgia as part of its Eastern European expansion. The issuer of USDT plans to contribute more money to CityPay.io, a payment service based in Georgia. As stated in the official press release, the platform offers services in over 600 sites across Georgia. Customers can […]