Tech-focused investment companies SoftBank and Ark Invest are among the firms in early stage talks to invest in Tether, issuer of the world’s largest stablecoin USDT (USDT), Bloomberg reported on Friday. The report follows this week’s news about Tether looking to raise up to $20 billion in a fundraising round that would value the firm … Read more
Stablecoin giant Tether is looking to raise between $15 billion and $20 billion for about a 3% stake in the company through a private placement, Bloomberg reported, citing two people familiar with the matter. The massive raise would bring its valuation to around $500 billion, putting it in the same league as OpenAI and SpaceX, … Read more
Traditional finance has long had a way of splitting capital from coupons, allowing investors to separate interest-payment flows from the principal. Now, a team of stablecoin and blockchain-based real-world asset (RWA) pioneers is doing the same for tokenized assets. A new startup, STBL, emulates TradFi’s zero-coupon strip structures by converting digital assets into a dollar-pegged … Read more
Tether CEO Paolo Ardoino has dismissed suggestions that the stablecoin company has been offloading its bitcoin holdings in order to buy gold. Ardoino said Tether, issuer of the world’s largest stablecoin USDT, “didn’t sell any bitcoin,” in a post on X on Sunday. The Tether CEO was responding to suggestions from YouTuber Clive Thompson that … Read more
By Omkar Godbole (All times ET unless indicated otherwise) As both traditional and crypto markets await the U.S. nonfarm payrolls data, some unrelated news hit the wires, underscoring gold’s appeal as a universal haven. The Financial Times reported that Tether, the issuer of world’s largest dollar-pegged stablecoin, is considering a serious play in the gold … Read more
Tether, the issuer of world’s largest stablecoin, USDT, has eyed investing in gold mining, the Financial Times reported on Friday. The firm has held discussions with mining groups about putting money into the gold supply chain, including refining, trading and royalties, according to the report, which cited people familiar with the talks. Tether CEO Paolo … Read more
As the price of gold is on the cusp of breaking its April peak, the market size of crypto tokens backed by the precious metal has already surged to fresh all-time highs. The overall market capitalization of tokenized gold topped $2.57 billion, CoinGecko data shows, as the two leading offerings, Tether’s XAUT and Paxos’ PAXG … Read more
South Korea’s largest financial groups are set to meet officials from Tether and Circle Internet (CRCL), issuers of the two largest stablecoins, as early as this week, according to Yonhap. In separate meetings, executives from Shinhan, Hana, KB Financial and Woori Bank will discuss potential partnerships on distributing and transacting with dollar-pegged stablecoins in the … Read more
Stablecoin giant Tether hired former White House Crypto Council Executive Director Bo Hines as its new strategic adviser for digital assets and US strategy, signaling a push to expand in the world’s biggest economy. Tether, the issuer of the USDt (USDT) stablecoin, appointed Hines to directly engage and coordinate the company’s US strategy and expansion … Read more
Stablecoin giant Tether hired former White House Crypto Council Executive Director Bo Hines as its new strategic adviser for digital assets and US strategy, signaling a push to expand in the world’s biggest economy. Tether, the issuer of the USDt (USDT) stablecoin, appointed Hines to directly engage and coordinate the company’s US strategy and expansion … Read more